ST JOE (JOE) Company Report

The St. Joe Company reported a 24% increase in revenue and a 58% increase in net income for Q4 2025. For the full year 2025, revenue increased by 27% to $513.2 million from $402.7 million, and net income increased by 56% to $115.6 million from $74.2 million, with earnings per share rising to $2.00 from $1.27.
The company's capital allocation for the full year 2025 included 47% for capital expenditures, 33% for dividend payments and stock repurchases, and 20% for project debt reduction. In 2025, 798,602 shares were repurchased at an average price of $50.10.
Operational highlights include an increase in homesite gross margins to 51% from 47% and leasing gross margins to 57% from 54%. The residential home site pipeline grew to approximately 23,900 home sites, an increase of 2,200 compared to the end of 2024.
Future growth plans for 2026 include breaking ground on two more Detailed Specific Area Plans (DSAPs), new commercial buildings totaling approximately 54,000 sq ft, and a new apartment complex. A ground lease was also finalized for a family-oriented surf park concept as the second anchor for Pier Park East.

1 day ago

Transcript

The St. Joe Company Reports Strong Full Year 2025 Financial Results and Outlines Growth Initiatives

JOE

Earnings

Share Buyback

New Projects/Investments

The St. Joe Company reported strong financial performance for full year 2025, with revenue increasing 27% to $513.2 million and net income rising 56% to $115.6 million, resulting in $2.00 earnings per share.
The company's capital allocation strategy for 2025 included 47% for growth-oriented capital expenditures, 33% for dividends and stock repurchases, and 20% for project debt reduction.
JOE significantly increased share repurchases in 2025, buying back 798,602 shares at an average price of $50.10, bringing the total repurchased since 2015 to 34.9 million shares.
Future growth initiatives include plans to break ground on two additional Detailed Specific Area Plans (DSAPs) in 2026, adding 54,000 sq ft of new commercial buildings, and developing a new apartment complex.

1 day ago

Transcript

St. Joe Company Reports Strong Q4 and Full Year 2025 Financial Results with Strategic Growth and Capital Allocation

JOE

Revenue Acceleration/Inflection

Share Buyback

New Projects/Investments

The St. Joe Company reported significant financial growth for Q4 and full year 2025, with Q4 revenue increasing 24% and net income increasing 58%. For the full year, revenue grew 27% to $513.2 million and net income rose 56% to $115.6 million, with EPS reaching $2.
The company has transformed its business model, with 56% recurring revenue in 2025, a substantial increase from 15% twenty years ago, indicating a more sustainable and diverse approach.
Capital allocation in Q4 2025 included $18.5 million for capital expenditures, $15.1 million for stock repurchases (the highest of any quarter in 2025), $9.2 million for dividends, and $8 million for debt reduction.
St. Joe maintains a robust development pipeline, with 10 approved Detailed Specific Area Plans (DSAPs), only three of which have begun development, and a residential home site pipeline of approximately 23,900 home sites, an increase of 2,200 from the end of 2024.
Management confirmed that share buybacks remain a prudent capital allocation strategy and emphasized the importance of continuing to grow EPS and increase return on invested capital for long-term stock performance.

1 day ago

Transcript

St. Joe Company Reports Strong Q4 and Full Year 2025 Results, Declares Dividend

JOE

Earnings

Dividends

Share Buyback

The St. Joe Company reported a 58% increase in net income attributable to the Company for Q4 2025, reaching $29.9 million, or $0.52 per share, compared to Q4 2024. For the full year 2025, net income increased by 56% to $115.6 million, or $2.00 per share.
Total revenue for Q4 2025 grew by 24% to $128.9 million, and for the full year 2025, it increased by 27% to $513.2 million. All operating segments, including real estate, hospitality, and leasing, showed organic growth in revenue for the full year.
The Board of Directors declared a quarterly cash dividend of $0.16 per share on February 25, 2026, payable on March 26, 2026.
In 2025, the company funded $108.1 million in capital expenditures, paid $33.6 million in cash dividends, repurchased $40.0 million of common stock, and repaid a net amount of $46.6 million of debt. Cash and cash equivalents increased to $129.6 million as of December 31, 2025.

3 days ago

8-K

The St. Joe Company Reports Fourth Quarter and Full Year 2025 Results and Declares Quarterly Dividend

JOE

Earnings

Dividends

Share Buyback

The St. Joe Company reported strong financial results for Q4 and full year 2025, with net income attributable to the Company increasing by 58% to $29.9 million ($0.52 per share) in Q4 2025 and 56% to $115.6 million ($2.00 per share) for the full year 2025. Total revenue also saw significant growth, up 24% to $128.9 million in Q4 2025 and up 27% to $513.2 million for the full year 2025.
The Board of Directors declared a quarterly cash dividend of $0.16 per share, payable on March 26, 2026.
For the full year 2025, the company's capital allocation included $108.1 million in capital expenditures, $33.6 million in cash dividends, $40.0 million in common stock repurchases, and $46.6 million in net debt repayment.
The company's cash and cash equivalents balance increased by $40.8 million to $129.6 million as of December 31, 2025.

3 days ago

Press Release

St. Joe Breaks Ground on Third Watersound Real Estate Sales Center

JOE

New Projects/Investments

The St. Joe Company has broken ground on a third sales center for Watersound Real Estate at Watersound West Bay Center.
Watersound Real Estate, which opened in May 2025, has achieved over $230 million in sales volume in less than a year with a team of more than 50 agents.
The new sales center will co-locate Watersound Real Estate with Watersound Title Agency and Watersound Insurance Agency to create a streamlined homebuying process.
This expansion aligns with St. Joe's strategy of growing "asset-light" businesses to generate recurring revenue streams.

Feb 19, 2026, 9:05 PM

Press Release

St. Joe Company Announces New Tenants and High Occupancy at Watersound Town Center

JOE

New Projects/Investments

Revenue Acceleration/Inflection

The St. Joe Company's Watersound Town Center is now 98% leased.
New leases have been executed for a multi-tenant retail building currently under construction, with tenants such as FP Movement, Monkee's, Johnnie-O, Hemline, and Sunset Shoes & Lifestyles anticipated to open in mid-2026.
Additional new tenants, including Art-of-Facts (anticipated to open in November 2025), Lagree 30A, Jersey Mike's Subs, and Fischer Homes (anticipated to open in early 2026), have also signed leases in newly constructed buildings.
The Watersound Town Center currently features approximately 150,000 square feet of space and has plans for a total of 400,000 square feet, supported by the expansion of nearby residential communities with over 1,500 completed homes.

Nov 6, 2025, 9:15 PM

Press Release

The St. Joe Company Reports Strong Q3 2025 Financial Performance

JOE

Earnings

Dividends

Share Buyback

The St. Joe Company reported strong Q3 2025 performance with 63% growth in revenue and 130% growth in net income compared to Q3 2024.
Residential real estate revenue increased 94% to $36.8 million in Q3 2025, with the average homesite base price rising to $150,000 and gross margin to 53%. The company also had 1,992 residential units under contract by the end of Q3 2025.
Recurring revenue streams continued to grow, with leasing revenue reaching an all-time quarterly record of $16.7 million (up 7%) and hospitality revenue achieving an all-time third-quarter record of $60.6 million (up 9%).
The company monetized its Watercress Senior Living property for $41 million, generating a $19.4 million gross profit. Capital allocation for Q3 2025 included $8.7 million for share repurchases and an increased quarterly dividend of $0.16 per share.

Oct 30, 2025, 3:00 PM

Transcript

The St. Joe Company Reports Strong Q3 2025 Financial Performance and Strategic Capital Allocation

JOE

Earnings

Share Buyback

Dividends

The St. Joe Company reported strong Q3 2025 financial results, with revenue growing 63% and net income increasing 130% year-over-year.
The residential real estate segment saw revenue increase 94% to $36.8 million, with the average homesite base price rising to $150,000 and gross margin to 53%.
Recurring revenues also showed significant growth, with leasing revenue reaching an all-time quarterly record of $16.7 million and hospitality revenue an all-time third-quarter record of $60.6 million.
The company executed strategic capital allocation, including the sale of Watercress Senior Living for $41 million (gross profit of $19.4 million), $8.7 million in share repurchases, and a 14% increase in the quarterly dividend to $0.16 per share.

Oct 30, 2025, 3:00 PM

Transcript

The St. Joe Company Reports Strong Q3 2025 Performance and Strategic Capital Allocation

JOE

Earnings

Dividends

Share Buyback

The St. Joe Company reported solid performance in Q3 2025, with 63% growth in revenue and 130% growth in net income compared to Q3 2024.
Residential real estate revenue increased 94% to $36.8 million in Q3 2025 from $19 million in Q3 2024, with the average homesite base price rising to $150,000 from $86,000.
Recurring revenue streams also grew, with leasing revenue increasing 7% to an all-time quarterly record of $16.7 million and hospitality revenue increasing 9% to an all-time third-quarter record of $60.6 million.
The company executed a multifaceted capital allocation strategy in Q3 2025, including $8.7 million for share repurchases (totaling $24.9 million for the first nine months of 2025) and a 14% increase in the quarterly dividend to $0.16 per share.
A key monetization event was the sale of Watercrest Senior Living for $41 million, generating a gross profit of $19.4 million, as part of a strategy to develop and potentially monetize operating properties.