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Highlights for the first quarter of 2025 as compared to the first quarter of 2024: Quarterly net income attributable to the Company increased by 26% to $17.5 million from $13.9 million. Quarterly revenue increased by 7% to $94.2 million from $87.8 million, the highest first quarter revenue outside of the one-off timberland sale in 2014. Real estate revenue increased by 12% to $38.3 million from $34.2 million. Homesite closings volume increased by 15% to 249 homesites from 216 homesites. Leasing revenue increased by 14% to a quarterly record of $16.3 million from $14.3 million. In the first quarter of 2025, the Company funded $32.7 million in capital expenditures, paid $8.2 million
The St. Joe Company (NYSE:JOE) ("St. Joe") is proud to announce that Homewood Suites by Hilton Panama City Beach ("Homewood Suites PCB") has been recognized with the Hilton "Award of Excellence." The award, given annually to the top five percent of Homewood Suites hotels, is based on a variety of metrics including guest ratings, cleanliness scores and the annual Hilton quality assessment on which Homewood Suites PCB earned a 96 percent. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250417432836/en/Homewood Suites Panama City Beach is conveniently located adjacent to the 160-acre Publix Sports Park, enabling the hotel to serve vi
The St. Joe Company (NYSE:JOE) ("St. Joe") is excited to share that Florida State University ("FSU") has announced plans to build a state-of-the-art acute care hospital in Panama City Beach under the "FSU Health" name to serve the residents of Bay and Walton counties. View the full release here: Florida State University News. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250326670399/en/A rendering of the planned FSU Health Hospital in Panama City Beach, Florida. "Access to quality healthcare is essential for the well-being of all residents in Northwest Florida," said Jorge Gonzalez, Chairman, President and CEO of St. Joe. "FSU
10-Q - ST JOE Co (0000745308) (Filer)
8-K - ST JOE Co (0000745308) (Filer)
DEFA14A - ST JOE Co (0000745308) (Filer)
Highlights for the first quarter of 2025 as compared to the first quarter of 2024: Quarterly net income attributable to the Company increased by 26% to $17.5 million from $13.9 million. Quarterly revenue increased by 7% to $94.2 million from $87.8 million, the highest first quarter revenue outside of the one-off timberland sale in 2014. Real estate revenue increased by 12% to $38.3 million from $34.2 million. Homesite closings volume increased by 15% to 249 homesites from 216 homesites. Leasing revenue increased by 14% to a quarterly record of $16.3 million from $14.3 million. In the first quarter of 2025, the Company funded $32.7 million in capital expenditures, paid $8.2 million
Highlights for the fourth quarter of 2024 compared to the fourth quarter of 2023: Quarterly net income attributable to the Company increased by 43% to $18.9 million from $13.2 million. Quarterly revenue increased by 20% to $104.3 million from $86.7 million. Real estate revenue increased by 23% to $46.5 million from $37.7 million. Homesite closings volume increased 82% to a single quarter record of 331 homesites from 182 homesites. Hospitality revenue increased by 19% to $42.2 million from $35.4 million. Leasing revenue increased by 15% to $15.6 million from $13.6 million. As of December 31, 2024, 95% of the 1,182,000 net rentable square feet were leased. In the fourth quar
Hospitality revenue increased by 17% for the third quarter of 2024 to $55.4 million from $47.4 million and increased 34% for the first nine months of 2024 to $157.0 million from $117.0 million. Hospitality gross margin increased to 34.1% in the third quarter of 2024 as compared to 23.8% in the third quarter of 2023 and increased to 33.3% for the first nine months of 2024 as compared to 21.0% for the first nine months of 2023. Leasing revenue increased by 19% for the third quarter of 2024 to $15.6 million from $13.1 million and increased 20% for the first nine months of 2024 to $44.7 million from $37.2 million. The leasable square feet increased by 9% to 1,179,000 square feet with the per
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4 - ST JOE Co (0000745308) (Issuer)
The St. Joe Company (NYSE:JOE) ("St. Joe") launches a boutique real estate brokerage specializing in home sales along Northwest Florida's gulf coast. The new venture is led by industry veteran Diane Hausler who serves as Senior Vice President and manages the brokerage's day-to-day operations. "The time is right for St. Joe to open this brokerage, as the Northwest Florida housing market has grown and evolved into one of the most desirable places to own a home in the country, and Diane is the ideal fit to lead its operations," said Jorge Gonzalez, President and Chief Executive Officer of The St. Joe Company. "This new brokerage is consistent with St. Joe's strategy of growing ‘asset-light'
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