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St Joe Co
F:JOE

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St Joe Co
F:JOE
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Price: 51 EUR Market Closed
Market Cap: 3B EUR

St Joe Co
Investor Relations

Nestled in the heart of Florida, The St. Joe Company has carved out a unique niche as a prominent real estate development, asset management, and operating company. From its inception over a century ago, St. Joe transitioned from a vast timber and paper enterprise into a dynamic entity focused on leveraging its extensive land holdings—spanning across the picturesque Emerald Coast and beyond. Today, St. Joe is renowned for its strategic development of residential communities, commercial projects, and resorts, transforming thousands of acres into thriving neighborhoods, hot tourist spots, and bustling business hubs. Their expertise lies in their capacity to enhance land value through meticulous planning and infrastructure development, effectively making the Sunshine State an even more attractive proposition for residents, businesses, and tourists.

St. Joe's revenue model intricately weaves together its multifaceted operations. By selling residential lots and homes in their well-crafted communities, they capture significant revenue streams while enhancing their recurrent income through property management and leasing operations. This is augmented by their hospitality division, which operates hotels and resorts—capitalizing on Florida's booming tourist industry. Moreover, the company's astute investment in infrastructure like club memberships, airports, and educational facilities amplifies its real estate portfolio's allure, ensuring sustained growth and profitability. By capturing value across the lifecycle of development, from raw land to a vibrant community and beyond, St. Joe effectively monetizes its assets in alignment with Florida's burgeoning real estate and leisure markets.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Revenue Growth: St. Joe reported a 63% increase in revenue year-over-year for Q3 2025, with significant growth across key business segments.

Net Income Surge: Net income jumped by 130% compared to Q3 2024, highlighting strong operating performance.

Residential Real Estate Strength: Residential revenue grew 94% to $36.8 million, driven by a sharp rise in average homesite prices and higher margins.

Record Recurring Revenue: Leasing revenue hit an all-time quarterly record at $16.7 million, and hospitality hit a Q3 record of $60.6 million.

Asset Monetization: The sale of Watercrest senior living for $41 million generated $19.4 million in gross profit, exemplifying their strategy of developing and monetizing assets.

Accelerated Share Repurchases: $24.9 million in share buybacks completed in the first nine months, with the outstanding share count now below 58 million for the first time in nearly 30 years.

Dividend Increase: The quarterly dividend was raised 14% to $0.16 per share, continuing a trend of strong dividend growth since 2020.

Key Financials
Residential Real Estate Revenue
$36.8 million
Average Homesite Base Price
$150,000
Gross Margin (Residential)
53%
Leasing Revenue
$16.7 million
Hospitality Revenue
$60.6 million
Share Repurchases (YTD)
$24.9 million
Outstanding Shares
Below 58 million
Quarterly Dividend
$0.16 per share
Hospitality Recurring Revenue (9 months)
$169 million
Leasing Recurring Revenue (9 months)
$49.4 million
Capital Expenditures (Q3)
$20.4 million
Cash Dividends (Q3)
$8.1 million
Project Debt Reduction (Q3)
$28.4 million
Residential Units Under Contract (End Q3)
1,992 units
Entitled Residential Units in Pipeline
Over 24,000 units
Commercial Leases Executed (9 months)
40 new, 43 renewals, 83 total
Watercrest Sale Price
$41 million
Watercrest Gross Profit
$19.4 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jorge Luis Gonzalez
President, CEO, COO & Chairman of the Board
No Bio Available
Mr. Marek Bakun
Executive VP, CFO & Chief Accounting Officer
No Bio Available
Ms. K. Rhea Goff
Senior VP, Chief Administrative Officer & Non-Independent Director
No Bio Available
Ms. Elizabeth J. Walters J.D.
Senior VP, Chief Legal Officer & Secretary
No Bio Available
Mr. David S. Harrelson
Senior Vice President of Timberland
No Bio Available
Mr. Patrick W. Murphy
Senior Vice President of Hospitality
No Bio Available
Mr. L. Park Brady Jr.
Special Advisor
No Bio Available

Contacts

Address
FLORIDA
Panama City Beach
130 Richard Jackson Blvd, Suite 200
Contacts
+18502316400.0
www.joe.com