ST JOE Co
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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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Schedule IV (Consolidated) — Mortgage Loans on Real Estate
DECEMBER 31, 2023
(in thousands)
| · · · · · · · · · · · · · · · · · · · | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · · Principal Amount · | |||||||||||||||
| · · · · · · · · · · · · · · · · · of Loans Subject · | |||||||||||||||
| | | | | | Periodic | | | | | Face | | Carrying | | to Delinquent | |
| | | Interest | | | | Payment | | Prior | | Amount of | | Amount of | | Principal | |
| Description of Note Receivable (a) · Rate · Final Maturity Date · Terms · · Liens · · Mortgages · Mortgages · or Interest · | |||||||||||||||
| Secured revolving promissory note with unconsolidated Latitude Margaritaville Watersound JV, homesite development | | 5.0% | | June 2025 | | P&I(b) | | $— | | $— | | $— | | $— | |
| Total(c) | | $— | | $— | | $— | $— | | |||||||
| (a) | All seller financed properties are located in Northwest Florida. |
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| (b) | Principal and interest due at closing of each residential homesite to a third party. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full. See Note 4. Joint Ventures and Note 20. Commitments and Contingencies for additional information related to the revolving promissory note. |
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| (c) | The aggregate cost for federal income tax purposes approximates the amount of unpaid principal. |
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The summarized changes in the carrying amount of mortgage loans are as follows:
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · December 31, · · December 31, · · December 31, | |||||||||
| · 2023 · 2022 · 2021 | |||||||||
| Balance at beginning of the year | | $1,315 | | $11,942 | | $10,321 | |||
| Additions during the year - new mortgage loans | | — | | — | | 7,798 | |||
| Deductions during the year: | | | | ||||||
| Collections of principal | | 1,315 | | 10,699 | | 6,005 | |||
| Foreclosures | | — | | — | | 128 | |||
| Other | | | — | | | (72) | | | 44 |
| Balance at the end of the year | | $— | | $1,315 | | $11,942 | |||
F 61
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