St Joe Q2 net income rises 20%

St Joe

23/07/2025 21:35

Overview

St Joe Q2 net income rises 20% yr/yr to $29.5 mln

Company Q2 revenue increases 16% yr/yr, driven by 27% rise in real estate

St Joe repurchased $10.5 mln in stock, funded $36.5 mln in capex

Outlook

Company plans to develop 3,330 residential units under Pigeon Creek DSAP

St. Joe expects revenue from 1,209 homesites under contract to be $121.7 mln

Company aims to more than double current leasable commercial space

Result Drivers

REAL ESTATE GROWTH - Real estate revenue increased by 27% due to higher homesite closings and contracts

HOSPITALITY RECORD - Hospitality revenue reached a quarterly record, growing by 10%

LEASING RECORD - Leasing revenue hit a quarterly record, increasing by 11%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Real Estate Revenue
$43.80 mln
Q2 Net Income
$29.80 mln


Press Release: ID:nBwb4zw5ga

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)