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Dec 31, 2025
St. Joe Q4 2025 Earnings Report
St. Joe Q4 2025 Earnings Report
Key Takeaways
St. Joe delivered a strong fourth quarter with a 58% increase in net income and 24% revenue growth, driven primarily by a 47% surge in real estate revenue. The company achieved record hospitality revenue for the quarter and full year, while continuing its aggressive capital allocation strategy involving dividends, share repurchases, and debt repayment.
Quarterly net income attributable to the company rose 58% to $29.9 million, or $0.52 per share.
Total revenue for Q4 increased 24% to $128.9 million, led by significant growth in the Real Estate segment.
Residential homesites under contract increased significantly to 1,992 units, representing approximately $143.5 million in future revenue.
The company returned 33% of its 2025 capital allocation to shareholders through $33.6 million in dividends and $40.0 million in stock repurchases.
Revenue by Segment
Forward Guidance
The company is cautiously optimistic for 2026, focusing on leveraging increased regional access and new non-stop flight routes to drive growth across all segments.
Positive Outlook
- New daily non-stop flights between ECP and LaGuardia (NYC) to expand the customer base.
- Record passenger traffic at ECP airport with over 1.9 million passengers in 2025.
- Launch of 'NoFlo' media campaign targeting the New York market.
- Potential to more than double current leasable commercial space through planned centers.
- Strong residential pipeline of 23,900 homesites to support multi-generational growth.
Challenges Ahead
- Leasing revenue decreased in Q4 due to the sale of the Watercrest joint venture.
- Residential homesite sales volume in Q4 was lower than the prior year period.
- Exposure to interest rate fluctuations on 19% of outstanding debt tied to SOFR.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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