Overview

* St Joe Q3 net income rises 130% yr/yr to $38.7 mln

* Company Q3 revenue grows 63% yr/yr to $161.1 mln

* Real estate revenue jumps 199% in Q3, driven by higher homesite prices

Outlook

* Company did not provide specific future financial guidance in its press release

Result Drivers

* REAL ESTATE GROWTH - Real estate revenue surged 199% due to higher homesite prices and increased gross margins

* WATERCREST SALE - Sale of Watercrest senior living community contributed $19.4 mln in gross profit

* HOSPITALITY AND LEASING RECORDS - Hospitality revenue increased by 9% to a record $60.6 mln; leasing revenue rose 7% to a record $16.7 mln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Real $83.80

Estate mln

Revenue

Q3 Net $40.20

Income mln

Press Release:

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(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.)