St. Joe(NYSE) JOE

The St. Joe Company builds communities in Northwest Florida. It creates places for people to live, vacation, and work. St. Joe uses large land holdings to develop new neighborhoods.

What Does St. Joe Build?

• Residential: Building lots and tracts sold to homebuilders or consumers for housing; accounts for 33.3% of revenue.
• Hospitality: Hotels, golf courses, beach clubs, and marinas for vacationers and members; accounts for 49.7% of revenue.
• Commercial: Leasing for retail, office, and industrial spaces alongside timber sales; accounts for 13.6% of revenue.

Growing the Florida Footprint

• Formed the Latitude Margaritaville Watersound joint venture to build a 55-plus community with approximately 3,700 homes.
• Partnered with Florida State University and Tallahassee Memorial Hospital to develop an 87-acre medical campus.
• Sold a senior living community property in September 2025 to optimize resource allocation and maximize value.
• Completed 1,298 hotel rooms across its property portfolio by June 30, 2026.

Why Location Matters

The company owns 170,000 acres of land in Florida with 90% of holdings located within 15 miles of the Gulf of Mexico. Operational success relies on a diversified model that combines residential sales with recurring income from hotels and commercial leases.

Quarterly Performance Highlights

• Total quarterly revenue rose 23.0% to $158.8 million during the three months ended June 30, 2026.
• Net income reached $40.5 million for the three-month period ended June 30, 2026, up 37.3% year over year.
• Real estate revenue grew 58.9% to $69.6 million during the second quarter of 2026.
• Hospitality revenue increased 7.8% to a record $74.2 million in the three months ended June 30, 2026.

Bottom Line

St. Joe has transitioned from a land-heavy holding company into a diversified developer with steady hospitality and leasing income. Its focus on high-growth Florida counties allows it to convert raw land into a variety of high-value real estate assets.