ST JOE Co

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

JOE$72.91-3.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(Dollars in thousands except per share amounts)



· · Year Ended December 31,
· 2025 · · 2024 · · 2023
Revenue:
Real estate revenue	$234,181	$143,179	$186,008
Hospitality revenue	215,431	199,242	152,441
Leasing revenue	63,634	60,316	50,836
Total revenue	513,246	402,737	389,285
Expenses:
Cost of real estate revenue (a)	115,307	70,323	87,966
Cost of hospitality revenue (a)	148,522	136,386	122,185
Cost of leasing revenue (a)	28,447	28,807	25,828
Corporate and other operating expenses (a)	27,268	25,250	23,797
Depreciation, depletion and amortization	47,471	46,385	38,776
Total expenses	367,015	307,151	298,552
Operating income	146,231	95,586	90,733
Other income (expense):
Investment income, net	13,158	13,504	13,282
Interest expense	(30,482)	(33,584)	(30,618)
Equity in income from unconsolidated joint ventures	25,626	23,578	22,701
Other income (expense), net	580	(736)	3,963
Total other income, net	8,882	2,762	9,328
Income before income taxes	155,113	98,348	100,061
Income tax expense	(39,231)	(25,952)	(26,009)
Net income	115,882	72,396	74,052
Net (income) loss attributable to non-controlling interest	(255)	1,793	3,660
Net income attributable to the Company	$115,627	$74,189	$77,712

NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY
Basic	$2.00	$1.27	$1.33
Diluted	$1.99	$1.27	$1.33

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	57,944,092	58,326,286	58,312,878
Diluted	57,959,936	58,346,726	58,324,254

(a)	Excluding depreciation, depletion and amortization, shown separately above.

F 5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.