The St. Joe Company Reports Third Quarter and First Nine Months of 2026 Results and Increases Quarterly Dividend by 13% to $0.18 Per Share
Key Highlights
- ➤Q3 net income $36.9M, down 5%; revenue $156.2M, down 3%
- ➤Q3 hospitality revenue rose 9% to record $66.0M; gross margin improved to 37%
- ➤Nine-month net income rose 7% to $91.3M; revenue increased 8% to $414.1M
- ➤Latitude Margaritaville Watersound land sale valued at $50.4M, adding approximately 3,500 homesites
- ➤Quarterly dividend increased 13% to $0.18 per share, payable December 11, 2026
Expert Statements
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“Although the Watercrest joint venture property sale totaling $41.0 million in the third quarter of 2025 boosted prior year results, the third quarter of 2026 had organic growth.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“The first nine months of 2026 results exceeded both revenue and net income, when compared to the strong results in the prior year period.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“In the third quarter, we moved forward with a second phase of the Latitude Margaritaville Watersound joint venture that will add approximately 3,500 additional homes to the community, for a total of approximately 7,200 planned residential homes.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“Through the first nine months of 2026, sales at the Latitude Margaritaville Watersound community increased by 24%, as compared to the same period in 2025.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“The growth of the Latitude Margaritaville Watersound community, together with the previously announced new master planned community for PulteGroup in the Pigeon Creek DSAP will create continued demand for the Watersound West Bay Center, the Company’s emerging commercial lifestyle town center planned for a minimum of 500,000 square feet of commercial leasing space.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“The community in Pigeon Creek DSAP is expected to break ground in the first part of 2027 and is planned for approximately 3,000 homes.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“In the third quarter, we completed another strong peak season in the Company’s hospitality segment.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“Total revenue increased by 9% to a Company third quarter record of $66.0 million when compared to $60.6 million for the third quarter of 2025.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“Our hotel revenue increased by 7% and our club revenue increased by 14%.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“We continue to expand the geography from where our hotel guests travel to our properties, with the highest growth coming from the states of New York, South Carolina, Illinois, and Michigan.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“Through the end of September 2026, we had guests from all 50 states stay in our hotels.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“The Company continues to implement a measured and multi-faceted capital allocation strategy.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“For the third quarter of 2026, the Company allocated 40% of capital to stock repurchases, 34% to capital expenditures for growth, 13% to debt repayment, and 13% to dividends.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“We have continued to expand our stock repurchase program.”
Jorge Gonzalez, President, Chief Executive Officer and Chairman of the Board of The St. Joe Company
“As of September 30, 2026, the Company had 56,578,851 outstanding shares, which is the lowest number of outstanding shares since 1997.”
The St. Joe Company Reports Third Quarter and First Nine Months of 2026 Results and Increases Quarterly Dividend by 13% to $0.18 Per Share
Highlights for the third quarter of 2026 as compared to the third quarter of 2025. The comparability of period over period results is impacted by the sale of the Watercrest joint venture senior living community property in the third quarter of 2025, which contributed $41.0 million of real estate revenue and $19.4 million in gross profit
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