Saint Joe Co. reports Q3 EPS 67c vs 29c last year

Reports Q3 revenue $161.1M vs $99M. Jorge Gonzalez, the Company’s President, Chief Executive Officer and Chairman of the Board, said, “All segments continue to reflect organic growth in revenue. Residential real estate revenue increased 94% to $36.8 million from $19.0 million. The average homesite base sales price increased from $86,000 to $150,000 per homesite while the gross margin on homesite sales increased from 39% to 53%. Leasing revenue increased to a single quarterly record of $16.7 million and hospitality revenue increased to a third quarter record of $60.6 million.”