St. Joe Q2 net income up 104% to $34.7M; dividend raised 20%

ST JOE Co

2023-Q2 EPS reported $0.77 revenue$201,157,000

Revenue jumped 88% to $128.1M; real estate revenue +148% to $69.3M, hospitality record $45.1M.
Homesite sales rose 30% to 300 units; average price per homesite $153K vs $83K YoY.
Quarterly dividend increased 20% to $0.12/share, payable Sept 8, record Aug 11.
EPS $0.60 vs $0.29; EBITDA $59.7M (+99%).
Unconsolidated JV had $88.9M revenue; 164 home sales at Latitude Margaritaville.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ST JOE Co reported first six months of 2023 results: revenue $201.1 million, net income $45.1 million, EPS $0.77 per share.

Period: first six months of 2023
Revenue: $201.1 million
Net income: $45.1 million
EPS: $0.77 per share
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, total consolidated revenue increased by 51% to $201.1 million, as compared to $133.1 million for the first six months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ST JOE Co reported the quarter ended June 30, 2023 results: revenue $128.1 million, net income $34.7 million, EPS $0.60 per share.

Period: the quarter ended June 30, 2023
Revenue: $128.1 million
Net income: $34.7 million
EPS: $0.60 per share
Result: reported results

Exact text from the filing

to the second quarter of 2022: Quarterly net income attributable to the Company increased by 104% to $34.7 million from $17.0 million. Quarterly revenue increased by 88% to $128.1 million from $68.2 million. Real estate revenue increased by 148% to $69.3 million from $28.0 million with average base revenue, excluding homesite residuals, per homesite sold of

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Source: SEC EDGAR

accession 0001157523-23-001159

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