St. Joe (JOE)

The St. Joe Company, together with its consolidated subsidiaries, is a real estate development, asset management and operation company. The Company owns land concentrated primarily in Northwest Florida and has significant residential and commercial land-use entitlements in hand or in process.

Company profile

Ticker

JOE

Exchange

NYSE

Website

www.joe.com

CEO

Jorge Gonzalez

Incorporated

Florida

Location

Florida

Fiscal year end

Dec 31

Sector

Construction > Land Subdivision

Industry (SIC)

Land Subdividers & Developers (No Cemeteries)

AMREP • Portsmouth Square • Stratus Properties • Gaucho • Forge Innovation Development • Kaanapali Land • International Land Alliance • Community Redevelopment • Asia Properties • Irsa Investments & Representations ...

Former names

ST JOE CORP, ST JOE PAPER CO

SEC CIK

0000745308

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

30A Greenway Hotel, LLC • Artisan Park, L.L.C. • Arvida Realty, LLC • Bay Parkway Multi-Family, LLC • Bay Parkway Multi-Family II, LLC • Bay Point Marina, LLC • BP East Multi-Family, LLC • Breakfast Point, LLC • Breakfast Point Commercial, LLC • Camp Creek Golf Club, LLC ...

IRS number

590432511

JOE stock data

1M 1Y 5Y

News

From Benzinga Pro

The St. Joe Q2 EPS $0.29 Down From $0.41 YoY, Sales $68.20M Down From $72.20M YoY

27 Jul 22

The St. Joe (NYSE:JOE) reported quarterly earnings of $0.29 per share. This is a 29.27 percent decrease over earnings of $0.41 per share from the same period last year. The company reported $68.20 million in sales this

Earnings Scheduled For July 27, 2022

27 Jul 22

Companies Reporting Before The Bell • Equinor (NYSE:EQNR) is projected to report earnings for its second quarter.

Stocks That Hit 52-Week Lows On Wednesday

22 Jun 22

On Wednesday, 329 companies hit new 52-week lows.

Press releases

From Benzinga Pro

The St. Joe Company Reports Second Quarter and First Half 2022 Results and Declares a Quarterly Dividend Of $0.10

27 Jul 22

Quarterly revenue decreased by 6% to $68.2 million compared to $72.2 million in 2021 due to timing of homesite sales and mix of sales from different residential communities while the homesite units volume increased 34%

The St. Joe Company Releases a Video Showing Progress on Projects Currently in Development or Under Construction

13 Jul 22

The St. Joe Company (NYSE:JOE) ("St. Joe") today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around July 1, 2022. Click here to view the

Calendar

27 Jul 22

11 Aug 22

31 Dec 22

Financial summary

Financial statements Chart JOE financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	29.65M	29.65M	29.65M	29.65M	29.65M	29.65M
Cash burn (monthly)	4.05M	594K	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	5.71M	836.37K	n/a	n/a	n/a	n/a
Cash remaining	23.94M	28.81M	n/a	n/a	n/a	n/a
Runway (months of cash)	5.9	48.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from St. Joe earnings reports.

Recent insider trades

JOE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Jun 22	Gonzalez Jorge Luis	COMMON STOCK	Buy	Acquire P	No	No	41.32	1,200	49.58K	34,842
12 May 22	Gonzalez Jorge Luis	Common Stock	Buy	Acquire P	No	No	46.15	1,000	46.15K	33,642
5 May 22	Gonzalez Jorge Luis	COMMON STOCK	Buy	Acquire P	No	No	50.71	1,000	50.71K	32,642
5 May 22	Bruce R Berkowitz	Common Stock	Sell	Dispose S	No	No	52.13	500	26.07K	21,269,791
4 May 22	Bruce R Berkowitz	Common Stock	Sell	Dispose S	No	No	52.68	100,000	5.27M	21,270,291
3 May 22	Bruce R Berkowitz	Common Stock	Sell	Dispose S	No	No	52.35	27,800	1.46M	21,370,291
29 Apr 22	Bruce R Berkowitz	Common Stock	Sell	Dispose S	No	No	55	18,500	1.02M	21,398,091

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

JOE institutional ownership history Ownership history

87.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	200	189	+5.8%
Opened positions	33	39	-15.4%
Closed positions	22	20	+10.0%
Increased positions	64	55	+16.4%
Reduced positions	60	55	+9.1%

13F shares	Current	Prev Q	Change
Total value	3.04B	2.69B	+13.1%
Total shares	51.3M	51.61M	-0.6%
Total puts	122.6K	92.4K	+32.7%
Total calls	272.3K	229K	+18.9%
Total put/call ratio	0.5	0.4	+11.6%

Largest owners	Shares	Value	Change
Fairholme Capital Management	24.62M	$1.46B	-1.9%
Vanguard	5.25M	$310.89M	+1.5%
BLK Blackrock	5.05M	$299.38M	+0.7%
TROW T. Rowe Price	3.93M	$232.96M	-0.2%
Dimensional Fund Advisors	1.49M	$88.49M	-2.1%
STT State Street	1.06M	$62.78M	+4.0%
GBL Gamco Investors	990.6K	$58.68M	-0.8%
Gabelli Funds	903K	$53.49M	-0.8%
Front Street Capital Management	771.4K	$45.7M	-1.1%
Geode Capital Management	649.98K	$38.5M	+2.0%

Largest transactions	Shares	Bought/sold	Change
Fairholme Capital Management	24.62M	-470.9K	-1.9%
Norges Bank	0	-322.16K	EXIT
Bowen Hanes & Co	180K	+180K	NEW
Horizon Kinetics Asset Management	531.59K	+81.08K	+18.0%
Vanguard	5.25M	+79.11K	+1.5%
GS Goldman Sachs	152.43K	+57.46K	+60.5%
Level Four Advisory Services	29.28K	-54.35K	-65.0%
Empyrean Capital Partners	123.94K	-50K	-28.7%
SF Stifel Financial	64.96K	+42.84K	+193.7%
Citadel Advisors	15.45K	-42.03K	-73.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Residential Real Estate Revenue and Gross Profit. During the three months ended June 30, 2022, residential real estate revenue decreased $9.5 million, or 29.2%, to $23.0 million, as compared to $32.5 million during the same period in 2021. During the three months ended June 30, 2022, residential real estate gross profit decreased $9.2 million to $11.1 million (or gross margin of 48.3%), as compared to $20.3 million (or gross margin of 62.5%) during the same period in 2021. During the three months ended June 30, 2022, we sold 231 homesites and had an unimproved residential land sale of $0.1 million, compared to 172 homesites and no unimproved residential land sales during the same period in 2021. During the three months ended June 30, 2022 and 2021, the average revenue, excluding homesite residuals, per homesite sold was approximately $83,000 and $164,000, respectively. The difference in average revenue per homesite was due to the mix of sales from different communities, primarily from sales in the Watersound Camp Creek community during the prior period and the sale of 42 undeveloped homesites within the SouthWood community during the current period.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: aforementioned, backlog, buyer, cancellation, extinguishment, feel, Harrison, IA, Kitchen, Residence, RI, scheduled, sentiment, subordinated, Teachee, unamortized

Removed: disrupted, implementing, magnitude, monitor, prudent, remain, request, respond, response

From filing 10-Q 2022 Q2

Financial reports

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