Real estate developer St Joe Q1 revenue rises on hospitality growth

St Joe Co

29/04/2026 21:52

Overview

US real estate developer's Q1 revenue rose 5% to $99.1 mln, led by hospitality growth

Q1 net income fell 21% due to lower joint venture earnings from home sales

Company repurchased $5 mln of stock and maintained quarterly dividend at $0.16 per share

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

HOSPITALITY GROWTH - Hospitality revenue rose 13% to a first-quarter record, supported by higher club membership and hotel operations

LOWER JOINT VENTURE EARNINGS - Equity in income from unconsolidated joint ventures fell due to lower home closing volume at Latitude Margaritaville Watersound

LEASING REVENUE DECLINE - Leasing revenue dropped 10% mainly due to the sale of the Watercrest senior living property

Company press release: ID:nBw29MK0sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$99.1 mln
Q1 Net Income
$13.9 mln
Q1 Basic EPS
$0.24


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)