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Stock impact report

The St. Joe Company Reports Third Quarter and First Nine Months of 2024 Results and Declares a Quarterly Dividend of $0.14

St. Joe Company (The) (JOE) 
Last st. joe company (the) earnings: 10/31 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.joe.com
Company Research Source: Business Wire
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 percentage leased at 96% as of September 30, 2024.Real estate revenue decreased by 32% for the third quarter of 2024 to $28.0 million from $40.9 million and decreased by 35% for the first nine months of 2024 to $96.7 from $148.3 million.Total revenue for the third quarter of 2024 decreased by 2% to $99.0 m Show less Read more
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