Curated News
By: NewsRamp Editorial Staff
March 11, 2025

Sky Harbour Group Corp. Showcases Resilience and Growth in FY24, Receives Coverage from Stonegate Capital Partners

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Source News Release

TLDR

  • Sky Harbour Group Corp. (NYSE: SKYH) demonstrated resilience, achieving a 90% revenue increase in FY24, positioning for future growth.
  • SKYH increased lease revenue by 64% YoY to $4.1M, maintained 97% occupancy, and plans to complete 1,904,761 sq ft of new developments in FY25.
  • SKYH's strategic investments in aviation infrastructure create job opportunities, support economic growth, and enhance travel experiences for the community.
  • Stonegate Capital Partners initiated coverage on SKYH, showing continued growth and profitability, with a valuation range of $12.79 to $21.17.

Impact - Why it Matters

This news matters as it highlights Sky Harbour Group Corp.'s ability to navigate economic challenges and position itself for future growth. Investors can gain insights into the company's performance, revenue growth, upcoming projects, and valuation range, providing valuable information for potential investment decisions.

Summary

Sky Harbour Group Corp. (NYSE: SKYH) receives coverage from Stonegate Capital Partners, showcasing resilience and growth in FY24 despite economic challenges. The company achieved milestones in completing major construction projects, securing new leases, and maintaining high occupancy rates, positioning itself for future growth.

Key updates include impressive revenue performance, new lease agreements, upcoming construction projects, improved margins, and a strong balance sheet. Sky Harbour's strategic investments and operational excellence reflect positively on its valuation, with a mid-point range of $16.33 according to a Discounted Cash Flow Analysis by Stonegate Capital Partners.

Source Statement

This curated news summary relied on this press release disributed by Reportable. Read the source press release here, Sky Harbour Group Corp. Showcases Resilience and Growth in FY24, Receives Coverage from Stonegate Capital Partners

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