Stonegate Capital Partners Initiates Coverage on Sky Harbour Group Corporation (SKYH)

Core Insights - Stonegate Capital Partners has initiated coverage on Sky Harbour Group Corporation (NYSE: SKYH), highlighting the company's resilience and growth during FY24 [1] - Sky Harbour successfully navigated economic challenges such as inflation and rising interest rates while focusing on expanding its aviation infrastructure portfolio [1] - The company achieved significant milestones, including the completion of major construction projects, securing new leases, and maintaining high occupancy rates [1] Financial Performance - Lease revenue increased by 64% year-over-year, indicating strong financial performance [5] - The company expects to begin Phase-1 development projects at 6-7 new airport campuses, signaling future growth opportunities [5] - Sky Harbour anticipates securing seven new ground leases by the end of FY25, further enhancing its operational capacity [5]