St. Joe revenue rises 5% to $99.1 million; net income falls 21% in first quarter
The St. Joe Company reported first quarter 2026 revenue of $99.1 million, up 5% from a year earlier, while net income attributable to the Company fell 21% to $13.9 million, or $0.24 per share. The company attributed the profit decline mainly to lower equity income from its Latitude Margaritaville Watersound joint venture, and its board declared a quarterly dividend of $0.16 per share.
Key points
- Revenue rose 5% to $99.1 million; hospitality revenue rose 13% to a first quarter record of $44.7 million
- Net income attributable to the Company fell 21% to $13.9 million ($0.24 per share) from $17.5 million ($0.30 per share)
- Equity in income from unconsolidated joint ventures fell to $3.5 million from $10.2 million, mainly on fewer home closings at Latitude Margaritaville Watersound
- Quarterly dividend of $0.16 per share declared April 29, 2026, payable June 25, 2026 to holders of record on June 9, 2026
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.