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    • 23 hours ago by Business Wire
      Companies Mentioned: JOE

      The St. Joe Company (NYSE: JOE) (the "Company," "We," or "Our") today reports first quarter 2024 results.

      Jorge Gonzalez, the Company's President and Chief Executive Officer, said, "St. Joe continues to show solid organic growth following record performance in 2023. Hospitality revenue grew by 60% with new hotels and increased Watersound Club memberships. Leasing revenue grew by 21% with over 1,000 leased multi-family and senior living units as of March 31, 2024. Residential real estate revenue grew by 10%. We sold 216 homesites in the first quarter of 2024 with a higher average base sales price of $117,000 and increased margins year over year. The Latitude Margaritaville Watersound unconsolidated joint venture continued to expand with 177 completed home sales in the quarter."

    • 23 hours ago by Dow Jones
      Companies Mentioned: JOE
      March 31, ------------------------------------------------------------ ---------------- 2024 2023 ------------------------------------------------------------ ------- ------- Net income attributable to the Company $13.9 $10.4 ------------------------------------------------------------ ------- ------- Plus: Interest expense 8.5 6.2 ------------------------------------------------------------ ------- ------- Less: Investment income, net (3.4) (2.9) ------------------------------------------------------------ ------- ------- Plus: Income tax expense 4.7 3.4 ------------------------------------------------------------ ------- ------- Plus: Depreciation, depletion and amortization 11.2 7.3 ------------------------------------------------------------ ------- ------- EBITDA $34.9 $24.4 ------------------------------------------------------------ ------- -------
    • 23 hours ago by Dow Jones
      Companies Mentioned: JOE
      March 31, ------------------------------------------------------------ ---------------- 2024 2023 ------------------------------------------------------------ ------- ------- Net income attributable to the Company $13.9 $10.4 ------------------------------------------------------------ ------- ------- Plus: Interest expense 8.5 6.2 ------------------------------------------------------------ ------- ------- Less: Investment income, net (3.4) (2.9) ------------------------------------------------------------ ------- ------- Plus: Income tax expense 4.7 3.4 ------------------------------------------------------------ ------- ------- Plus: Depreciation, depletion and amortization 11.2 7.3 ------------------------------------------------------------ ------- ------- EBITDA $34.9 $24.4 ------------------------------------------------------------ ------- -------

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