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
Website
CEO
Jorge Gonzalez
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ST JOE CORP, ST JOE PAPER CO
SEC CIK
Corporate docs
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
Calendar
27 Jul 22
11 Aug 22
31 Dec 22
Financial summary
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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
87.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 200 |
Opened positions | 33 |
Closed positions | 22 |
Increased positions | 64 |
Reduced positions | 60 |
13F shares | Current |
---|---|
Total value | 3.04B |
Total shares | 51.3M |
Total puts | 122.6K |
Total calls | 272.3K |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Fairholme Capital Management | 24.62M | $1.46B |
Vanguard | 5.25M | $310.89M |
BLK Blackrock | 5.05M | $299.38M |
TROW T. Rowe Price | 3.93M | $232.96M |
Dimensional Fund Advisors | 1.49M | $88.49M |
STT State Street | 1.06M | $62.78M |
GBL Gamco Investors | 990.6K | $58.68M |
Gabelli Funds | 903K | $53.49M |
Front Street Capital Management | 771.4K | $45.7M |
Geode Capital Management | 649.98K | $38.5M |
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
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
27 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
18 May 22
8-K
Regulation FD Disclosure
17 May 22
8-K
Results of Operations and Financial Condition
27 Apr 22
8-K
Results of Operations and Financial Condition
23 Feb 22
8-K
Results of Operations and Financial Condition
27 Oct 21
8-K
Results of Operations and Financial Condition
28 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
20 May 21
8-K
Regulation FD Disclosure
18 May 21
8-K
Results of Operations and Financial Condition
28 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
5 May 16
S-3/A
Shelf registration (amended)
2 Mar 16
S-3
Shelf registration
31 Jan 16
SC TO-I/A
Issuer tender offer statement (amended)
27 Sep 15
SC TO-I/A
Issuer tender offer statement (amended)
22 Sep 15
SC TO-I/A
Issuer tender offer statement (amended)
1 Sep 15
SC TO-I
Issuer tender offer statement
23 Aug 15
S-3ASR
Automatic shelf registration
24 Apr 13
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Sep 11
25-NSE
Exchange delisting
14 Mar 11
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 22
DEFA14A
Additional proxy soliciting materials
8 Apr 21
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEFA14A
Additional proxy soliciting materials
10 Apr 19
DEFA14A
Additional proxy soliciting materials
26 Apr 18
DEF 14A
Definitive proxy
12 Apr 18
Other
UPLOAD
Letter from SEC
1 May 16
CORRESP
Correspondence with SEC
21 Apr 16
UPLOAD
Letter from SEC
7 Apr 16
EFFECT
Notice of effectiveness
2 Mar 16
CORRESP
Correspondence with SEC
1 Mar 16
CORRESP
Correspondence with SEC
21 Feb 16
UPLOAD
Letter from SEC
15 Feb 16
UPLOAD
Letter from SEC
3 Sep 15
CORRESP
Correspondence with SEC
30 Jul 15
CORRESP
Correspondence with SEC
14 Jul 15
Ownership
4
ST JOE / Jorge Luis Gonzalez ownership change
16 Jun 22
4
ST JOE / Jorge Luis Gonzalez ownership change
13 May 22
SC 13D/A
ST JOE / BERKOWITZ BRUCE R ownership change
6 May 22
4
ST JOE / Jorge Luis Gonzalez ownership change
6 May 22
4
ST JOE / BRUCE R BERKOWITZ ownership change
6 May 22
4
ST JOE / BRUCE R BERKOWITZ ownership change
3 May 22
4
ST JOE / Jorge Luis Gonzalez ownership change
12 Apr 22
4
ST JOE / BRUCE R BERKOWITZ ownership change
17 Mar 22
4
ST JOE / BRUCE R BERKOWITZ ownership change
14 Mar 22
4
ST JOE / BRUCE R BERKOWITZ ownership change
9 Mar 22
Reddit threads
Daily Discussion Thread - August 11th, 2022
11 Aug 22
BioLargo Strategy from JOE plus Oak Tree Capitol Memo
10 Aug 22
What Are Your Moves Tomorrow, August 11, 2022
10 Aug 22
Daily Discussion Thread - August 10th, 2022
10 Aug 22
Daily Discussion Thread for July 29, 2022
29 Jul 22
Q2 GDP decreased at rate of -0.9%. This marks the second straight quarter of quarterly decline indicating a recession.
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
US Will Face High Gas Prices ‘as Long as It Takes,’ Biden Says! Super Bullish on Oil!
2 Jul 22