The St. Joe Company (JOE) Q2 2026 Earnings Call Transcript
St. Joe NYSE: JOE reported second-quarter revenue of $158.9 million, up 23% from the prior-year period, while net income rose 37% to $40.5 million, President, CEO and Chairman Jorge Gonzalez said during the company's earnings call.
Bruce Berkowitz's Fairholme Capital Management continues to run one of the most concentrated bets in institutional investing: Roughly 79.7% of its reported 13F portfolio sits in a single name, The St.
| Real Estate Management & Development Industry | Real Estate Sector | Jorge Luis Gonzalez CEO | XFRA Exchange | 790148100 CUSIP |
| US Country | 1,019 Employees | 21 Aug 2026 Last Dividend | 13 Jan 1998 Last Split | 10 Mar 1992 IPO Date |
The St. Joe Company, founded in 1936 and headquartered in Panama City Beach, Florida, operates as a comprehensive real estate developer, asset manager, and operating entity across Northwest Florida. The company's business model is multifaceted, involving three primary segments: Residential, Hospitality, and Commercial real estate development and management. Their diversified portfolio allows them to cater to various market needs, ranging from residential housing developments and commercial leasing to hospitality services, including hotels, clubs, and entertainment venues.
Residential Development: The St. Joe Company specializes in developing residential communities, transforming vast areas into attractive homesites for homebuilders and retail buyers. Their offerings include:
Hospitality Operations: With assets including a private membership club, golf courses, beach clubs, and retail outlets, St. Joe's hospitality segment serves as a significant economic contributor to its portfolio. This segment is involved in:
Commercial Leasing and Development: The St. Joe Company's commercial sector focuses on leasing, planning, and developing properties for a variety of uses, including:
Forest Products: Beyond its core real estate operations, The St. Joe Company engages in the cultivation and sale of forest products. These activities include: