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Dec 31, 2023
St. Joe Q4 2023 Earnings Report
St. Joe's Q4 2023 earnings were reported, revealing a 41% increase in total consolidated revenue to $86.7 million, driven by growth in real estate, hospitality, and leasing segments. However, net income attributable to the Company decreased to $13.2 million, or $0.23 per share.
Key Takeaways
St. Joe Company reported a strong fourth quarter in 2023 with a 41% increase in total consolidated revenue, reaching $86.7 million. This growth was fueled by robust performance in the real estate, hospitality, and leasing sectors. However, net income attributable to the Company decreased to $13.2 million, or $0.23 per share, compared to the same period in the previous year.
Total consolidated revenue for Q4 2023 increased by 41% to $86.7 million.
Real estate revenue increased by 33% to $37.7 million.
Hospitality revenue increased by 59% to $35.4 million.
Leasing revenue increased by 24% to $13.6 million.
Revenue by Segment
Forward Guidance
The company anticipates continued growth and long-term shareholder value creation, driven by strong demand across its segments and strategic capital allocation.
Positive Outlook
- Continued influx of visitors and new residents discovering Northwest Florida's high quality of life.
- Commitment to disciplined capital allocation, including investments in the business.
- Potential for growth highlighted at the annual meeting of shareholders.
- Plans for dividend growth.
- Opportunistic share repurchases to deliver attractive shareholder returns.
Challenges Ahead
- New or increased competition across business units.
- Decline in general economic conditions, particularly in primary markets.
- Interest rate fluctuations.
- Supply chain disruptions and inflation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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