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Saint Joe Co. reports Q1 EPS 18c vs. 23c last year
The Fly

Saint Joe Co. reports Q1 EPS 18c vs. 23c last year

Reports Q1 revenue $73.0M vs. $64.9M last year. The company said, "We grew revenue by 12%. Our hospitality revenue grew by 50% in the first quarter to $24.5 million while preparing to open four new hotels, totaling 561 new rooms, and new club amenities. Our leasing revenue grew by 34% to $11.8 million. We are completing construction on an additional 283 multi-family units, 148 senior living units and over 130,000 square feet of commercial space. We have over $300 million of investments in development property, on a fraction of our land holdings, for hospitality and commercial segments coming online. We sold 327 homesites in the first quarter of 2023 compared to 181 homesites in the first quarter of 2022, an increase of 81%. Homebuilders have performed on their contractual obligations with us."

Published first on TheFly

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