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The St. Joe pany(JOE) - 2024 Q4 - Annual Report
JOEThe St. Joe pany(JOE)2025-02-26 21:18

Business Segments - St. Joe operates in three reportable segments: residential, hospitality, and commercial[17]. - St. Joe's unconsolidated joint venture, Latitude Margaritaville Watersound JV, has met the conditions of a significant subsidiary as of December 31, 2024[20]. Workforce and Diversity - As of February 24, 2025, St. Joe employed 863 full-time and 194 part-time and seasonal employees[25]. - Approximately 32% of St. Joe's workforce identifies as racially diverse, and 47% of the workforce, including 50% of the executive management team, is female[32]. - The company has a history of investing in its workforce by offering competitive salaries and benefits[27]. Financials and Debt Management - The company has variable-rate debt totaling 184.6million,withaweightedaverageinterestrateof6.5184.6 million, with a weighted average interest rate of 6.5% as of December 31, 2024[299]. - A hypothetical 100 basis point increase in interest rates would increase annual interest expense by 1.4 million based on the outstanding balance of variable-rate loans[299]. - The company utilizes interest rate swap agreements to manage interest rate risk associated with variable-rate debt[299]. Revenue Trends - St. Joe's hospitality revenues are typically higher in the second and third quarters, influenced by holidays and school breaks[22]. - St. Joe's operations may be affected by seasonal fluctuations, impacting revenues and earnings significantly from period to period[21].