An announcement from St Joe Company ( (JOE) ) is now available.
The St. Joe Company announced significant leadership changes with Bruce Berkowitz retiring as Chairman and Jorge L. Gonzalez stepping in, alongside Rhea Goff’s appointment as a non-independent director. The company reported a 2% dip in total revenue for Q3 2024, despite a 17% rise in hospitality and 19% increase in leasing revenues. Real estate revenue fell by 32% due to varying sales timing and product mix. The firm continues to see strong demand, with over 22,000 homesites in development, and plans for an expanding medical campus, which promises to enhance regional healthcare and economic growth.
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