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AI brief of an SEC Form 8-K · St. Joe (JOE)

St. Joe Q2 net income falls 29% to $24.5 million as revenue declines 13%

Negative Impact 3 of 5 earnings Written later

The St. Joe Company reported second-quarter 2024 revenue of $111.6 million, down 13% from $128.1 million a year earlier, and net income attributable to the Company of $24.5 million, or $0.42 per share, down from $34.7 million, or $0.60 per share. The company said hospitality and leasing revenue grew while real estate revenue fell 51%, and its board raised the quarterly dividend 17% to $0.14 per share.

Key points

  • Q2 2024 total revenue $111.6 million, down 13% from $128.1 million in Q2 2023
  • Q2 2024 net income attributable to the Company $24.5 million ($0.42 per share), down from $34.7 million ($0.60 per share)
  • Hospitality revenue rose 38% to $62.3 million; real estate revenue fell 51% to $34.5 million
  • Quarterly dividend raised to $0.14 per share from $0.12, payable September 6, 2024, to holders of record August 9, 2024

The filing

CompanySt. Joe (JOE)
Form8-K, current report
Filed with the SECJul 24, 2024, 4:10 PM ET
Accession number0001558370-24-010044

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

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 July 24, 2024.

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.