Real estate sales from all ventures totaled $35 million with related costs of sales of $24.9 million. A year ago, that number was $23.9 million with related costs of sales of $18.8 million.
Residential real estate services checked in with a net earnings before interest, taxes and depreciation of $2.3 million, the same number posted in first quarter 2000. Revenue was up, however, to $53.8 million compared to $50.9 million last year.
St. Joe Co.'s community residential development operations comprise multifamily, townhomes and single-family residential units on land owned 100% by the company, its 26% equity interest in Arvida/JMB Partners and its 74% ownership of St. Joe/Arvida Co.
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