📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in the United States.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding JOE

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	54.9K	$3.4M	0.01%	Mar 2026
Steve Cohen Point72 Asset Management	48.9K	$3.1M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used specific growth percentages (16% revenue, 20% net income) and highlighted quarterly records in leasing and hospitality. Language like 'solid organic growth' and 'virtuous circle of value creation' shows confidence. They also gave concrete details on asset events (Pigeon Creek, Delta flights, hospital bonds, Topgolf).

Q3 2025

Confident Vague

Management projects strong confidence through repeated emphasis on 'high class problem' of cash generation and record revenue growth, but offers only non-committal language like 'depends on facts and circumstances' and 'measured and multifaceted' when pressed on details of capital allocation and future cash levels.

Q4 2025

Confident Specific

Management repeatedly emphasizes record revenue ($513.2M, +27%), EPS of $2 (first time in 23 years), and specific capital allocation figures ($653.6M buybacks since 2015, 37.8% shares retired). They provide granular breakdowns of revenue drivers, margins, and pipeline numbers without hedging.

Q1 2026 latest

Confident Specific

Management uses precise numbers (e.g., 5% revenue increase, 8% operating income growth, 24% hospitality gross margin vs 18%) and repeatedly emphasizes execution and competitive advantages (165k acres, entitlements). Language is direct and transparent, answering all questions without evasion.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. The company delivered record recurring revenue and margin expansion in hospitality and leasing, demonstrating the sustainability of its business model. The land entitlement moat is reinforced by a major new builder partnership and utility infrastructure commitments. Capital allocation is disciplined, with buybacks and debt reduction alongside growth spending. The main unknown remains the pace of residential lot takedowns and commercial leasing acceleration, which will be key to watch in coming quarters. Overall, the call reinforces confidence in the company's long-term value creation, though near-term revenue growth from land sales may remain lumpy.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Q1 2026: Revenue $99.1M, hospitality up 13%, recurring revenue 60% of total

Revenue & Profitability

Q1 2026 revenue was $99.1 million, up 5% year-over-year. Operating income increased 8%. Net income decreased 21% primarily due to lower equity in income from unconsolidated joint ventures ($3.5M vs $10.2M). Hospitality revenue grew 13%, real estate revenue grew 4%, while leasing revenue fell 10% due to the sale of Watercrest senior living property.

Outlook

Management feels positive about migration and tourism trends in the Bay-Walton area. Migration continues from a broader geography, and hospitality demand feels good with a good uptick in occupancy and rates. The company is cautiously optimistic that the hospitality segment will have a good year. They see strong demand for residential and commercial properties.

Growth Drivers

Key growth levers include expanding hospitality operations (new hotels in 2023, improving margins), the PulteGroup agreement for up to 2,653 home sites at Pigeon Creek DSAP, increasing demand from national commercial tenants, and expanding the real estate brokerage to three new locations. The company also plans to add more lots to the Latitude Margaritaville joint venture.

Balance Sheet & CapEx

In Q1 2026, capital expenditures were $20.7 million, primarily for growth. The company also spent $9.2 million on cash dividends, $5 million on share repurchases, and $10.9 million on reducing project debt (focusing on variable short-term, high-interest debt). Investments include infrastructure for Lake Powell and West Laird DSAPs, and planning for new club amenities.

Margins

Gross margins improved across segments. Hospitality gross margin rose to 24% from 18% in Q1 2025. Leasing gross margin improved to 61% from 55%. The strategy is to invest in higher-margin projects (e.g., WaterSound Town Center) and divest lower-margin ones (e.g., Watercrest senior living). Per-unit margins in the Latitude joint venture were above the prior year quarter.

Key Risks

Risks flagged include dependence on market demand; the variable nature of home closing volumes in joint ventures (Latitude Margaritaville has ebbs and flows); permitting delays (e.g., marina); the challenge of balancing capacity and demand in club amenities; and the focus on reducing variable high-interest debt to manage financial risk.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-31

Record Q2 revenue and net income were driven by strong residential growth, margin expansion across all segments, and disciplined capital allocation. Robust in-migration and a diverse portfolio support continued growth, with major utility and healthcare projects underway.

Q1 2026 Q1 2026 2026-04-30

Q1 2026 saw record recurring revenue and margin improvements in hospitality and leasing, despite a 21% drop in net income due to lower joint venture contributions. Strong demand, new contracts, and robust migration trends support a positive outlook.

Q4 2025 Q4 2025 2026-02-27

Q4 and full-year 2025 saw robust revenue and net income growth, with recurring revenue now 56% of total. Capital allocation focused on growth, buybacks, and debt reduction, while new residential, commercial, and hospitality projects are planned for 2026.

Q3 2025 Q3 2025 2025-10-30

Q3 2025 saw 63% revenue and 130% net income growth year-over-year, with record results in residential, hospitality, and leasing. Capital allocation included increased share repurchases, higher dividends, and significant debt reduction, while the company continues to expand its development pipeline.

Q2 2025 Q2 2025 2025-07-24

Q2 2025 saw 16% revenue and 20% net income growth, with recurring revenue now 63% of total. Major capital allocation included share buybacks and dividends, while new projects and infrastructure approvals support future growth.

📊 Analysis Methodology

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Investment Risk:
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