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The latest update is out from St Joe Company ( (JOE) ).
On April 29, 2026, St. Joe reported that first‑quarter 2026 revenue rose 5% year on year to $99.1 million, the company’s strongest first quarter excluding a 2014 timberland sale, as hospitality revenue jumped 13% to a record $44.7 million and real estate revenue increased 4% to $39.7 million. Operating income climbed 8% to $18.2 million and cash rose to $136.3 million, but net income fell 21% to $13.9 million and EBITDA declined 16%, largely due to a sharp drop in equity income from the Latitude Margaritaville Watersound joint venture, where completed home sales fell to 83 from 192.
Management emphasized a strategic shift toward recurring revenue, noting that hospitality and leasing together contributed 60% of first‑quarter revenue and that margins in these segments improved despite a 10% decline in leasing revenue following a senior living asset sale in 2025. St. Joe expanded its residential pipeline by placing 1,380 homesites under contract in the quarter, lifting total homesites under contract to 3,204 as of March 31, 2026, and announced a contract with PulteGroup for up to 2,653 homesites plus new utility infrastructure agreements that support thousands of future homesites, moves that deepen its relationships with national builders and underpin long‑term demand for its commercial and marina assets.
The company highlighted the broader ecosystem developing around the Latitude Margaritaville Watersound community, which now has 2,273 occupied homes and is driving demand for a planned 500,000‑square‑foot Watersound West Bay Center and related businesses such as brokerage, insurance and marina services. Reflecting confidence in its financial position after funding $20.7 million in capital expenditures, repurchasing $5 million of stock and repaying $10.9 million of debt in the quarter, St. Joe’s board declared a quarterly cash dividend of $0.16 per share, payable on June 25, 2026 to shareholders of record on June 9, 2026.
Spark’s Take on JOE Stock
According to Spark, TipRanks’ AI Analyst, JOE is a Outperform.
The score is driven primarily by strong recent financial performance and a positive earnings-call outlook (growth, capital returns, and a conservative balance sheet). These strengths are tempered by weak near-term technical momentum and a relatively high P/E with only a modest dividend yield.
To see Spark’s full report on JOE stock, click here.
More about St Joe Company
The St. Joe Company is a Florida‑based real estate and hospitality developer focused on master‑planned residential communities, commercial leasing and resort and hotel operations, primarily in the Panhandle region. Its business model blends land development, recurring hospitality and leasing income, and joint‑venture projects with national homebuilders to drive long‑term growth in Northwest Florida’s housing and tourism markets.
Average Trading Volume: 225,917
Technical Sentiment Signal: Buy
Current Market Cap: $4.1B
Find detailed analytics on JOE stock on TipRanks’ Stock Analysis page.