Quarterly ResultApr 29, 2026, 04:42 PM
ST JOE Q1 Revenue +5.1% to $99.0M; Net Income -20.2% to $13.9M
AI Summary
ST JOE Co reported a 5.1% increase in total revenue to $99.0 million for Q1 2026, driven by growth in hospitality and real estate revenues. However, net income attributable to the Company decreased by 20.2% to $13.9 million, with basic EPS falling to $0.24. This decline was significantly impacted by a 65.3% decrease in equity in income from unconsolidated joint ventures. The company also saw an increase in net cash provided by operating activities.
Key Highlights
- Net income attributable to the Company decreased 20.2% to $13.9 million.
- Basic earnings per share fell to $0.24 from $0.30 year-over-year.
- Total revenue increased 5.1% to $99.0 million for the quarter.
- Hospitality revenue grew 12.7% to $44.7 million.
- Real estate revenue increased 3.6% to $39.7 million.
- Equity in income from unconsolidated JVs decreased 65.3% to $3.5 million.
- Net cash from operating activities rose to $42.2 million from $29.0 million.
- Paid dividends of $0.16 per share, totaling $9.2 million.