Earnings Releases·Oct 28, 2026, 4:10 PM ET

The St. Joe Company — Third Quarter 2026 Earnings Summary

Q3 total revenue decreased 3% to $156.2 million, while net income fell 5% to $36.9 million ($0.65/share); however, first nine months revenue and net income grew 8% and 7% respectively to $414.1 million and $91.3 million.
Hospitality revenue hit a record $66.0 million in Q3 (up 9%) with gross margins improving to 37%, while real estate revenue declined 9% excluding a prior-year sale and leasing revenue dropped 16% due to property sales.
Capital allocation strategy prioritized stock repurchases (40% of Q3 allocation, up 161% YoY in first nine months) and dividends (raised 13% to $0.18/share), reducing outstanding shares to 56.6 million, the lowest since 1997.
Strategic outlook includes breaking ground on the 3,000-home Pigeon Creek DSAP community in early 2027, expanding Latitude Margaritaville Watersound by 3,500 homesites, and developing the 500,000 sq. ft. Watersound West Bay Center.
Balance sheet remains strong with $117.9 million in cash and $361.7 million in debt (4.7% weighted average rate), alongside a 97% leased occupancy rate across 1.15 million square feet of commercial space.