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

Rhea-AI Summary

Sky Harbour Group Corp. (NYSE: SKYH) has received coverage initiation from Stonegate Capital Partners following a strong FY24 performance. The company demonstrated resilience amid economic challenges like inflation and rising interest rates while focusing on aviation infrastructure expansion.

Key highlights include:

• A significant 64% year-over-year increase in lease revenue
• Plans to commence Phase-1 development projects at 6-7 new airport campuses
• Projected acquisition of seven new ground leases by the end of FY25

The company's achievements encompassed completing major construction projects, securing new leases, and maintaining strong occupancy rates. Their strategic investments in new developments and operational excellence have positioned them favorably for future growth.

Positive

• 64% year-over-year increase in lease revenue
• Expansion plans for 6-7 new airport campus developments
• Expected acquisition of 7 new ground leases by FY25 end
• Strong occupancy rates maintained

Negative

• Facing challenges from inflation and rising interest rates

Dallas, Texas--(Newsfile Corp. - March 10, 2025) - Sky Harbour Group Corp. (NYSE: SKYH): Stonegate Capital Partners initiates their coverage on Sky Harbour Group Corp. (NYSE: SKYH). Sky Harbour continued to demonstrate resilience and growth throughout FY24. The Company successfully navigated economic challenges, including inflation and rising interest rates, while maintaining a strong focus on expanding its portfolio of aviation infrastructure. Key achievements included the completion of several major construction projects, securing new leases, and maintaining robust occupancy rates. The Company's strategic investments in new developments and its commitment to operational excellence have positioned it well for future growth.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Lease revenue increased by 64% year-over-year.
• Expected to begin Phase-1 development projects at 6-7 new airport campuses.
• The Company expects seven new ground leases by the end of FY25.

Click image above to view full announcement.

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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244036

FAQ

What was Sky Harbour Group's (SKYH) lease revenue growth in FY24?

Sky Harbour Group reported a 64% year-over-year increase in lease revenue during FY24.

How many new airport campuses is SKYH planning to develop in Phase-1?

SKYH is planning to begin Phase-1 development projects at 6-7 new airport campuses.

What are Sky Harbour Group's (SKYH) ground lease acquisition targets for FY25?

The company expects to secure seven new ground leases by the end of FY25.

How did SKYH perform against economic challenges in FY24?

SKYH demonstrated resilience and growth despite economic challenges including inflation and rising interest rates.

What is the significance of Stonegate Capital Partners initiating coverage on SKYH?

The coverage initiation by Stonegate Capital Partners follows SKYH's strong FY24 performance and expansion plans, providing independent analysis of the company.