earnings
confidence high
sentiment positive
materiality 0.70
St. Joe Q4 net income +43%, revenue +20%; records in homesites, hospitality, leasing; $0.14 dividend, buyback to $100M
ST JOE Co
2024-FY EPS reported
$1.27
revenue$402,737,000
- Q4 net income attributable to Company rose 43% to $18.9M ($0.32 EPS) vs $13.2M ($0.23) YoY.
- Q4 revenue $104.3M (+20%); real estate +23%, hospitality +19%, leasing +15%. Record 331 homesite closings.
- Full year 2024: revenue $402.7M (+3%); hospitality record $199.2M, leasing record $60.3M; net income $74.2M (-5%) due to higher depreciation.
- Board declared quarterly dividend $0.14/share (payable Mar 27, record Mar 10) and increased share repurchase authority to $100M.
- Unconsolidated JV revenue $378.2M in 2024 ($351M in 2023); total invested $66.5M, pre-tax income $23.6M.