St. Joe Q1 EPS $0.23 (vs $0.05), revenue $64.9M (+57% YoY); dividend $0.10 (+25%)

ST JOE Co

2022-Q1 EPS reported $0.23 revenue$64,871,000

Revenue $64.9M (+57% YoY); net income $13.4M (EPS $0.23 vs $0.05).
Real estate revenue +75% to $36.8M; homesite backlog 2,294 units expected $175.6M revenue.
Hospitality revenue +24% to $16.3M; 524 operational hotel rooms, 646 under construction.
Dividend increased 25% to $0.10/share, payable June 9, 2022, record May 11, 2022.
Cash from operations +102% to $19.8M; capex $79M; cash & equivalents $151.8M.

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