ST JOE Co

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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.

FY2024 · Filed Feb 26, 2025

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,
· 2024 · · 2023 · · 2022
Revenue: · · · ·
Real estate revenue	$143,179	$186,008	$115,865
Hospitality revenue	199,242	152,441	97,260
Leasing revenue	60,316	50,836	39,196
Total revenue	402,737	389,285	252,321
Expenses:
Cost of real estate revenue	70,323	87,966	50,791
Cost of hospitality revenue	136,386	122,185	77,518
Cost of leasing revenue	28,807	25,828	17,589
Corporate and other operating expenses	25,250	23,797	22,068
Depreciation, depletion and amortization	46,385	38,776	22,888
Total expenses	307,151	298,552	190,854
Operating income	95,586	90,733	61,467
Other income (expense):
Investment income, net	13,504	13,282	9,862
Interest expense	(33,584)	(30,618)	(18,383)
Gain on contributions to unconsolidated joint ventures	10	718	2,738
Equity in income from unconsolidated joint ventures	23,578	22,701	25,986
Other (expense) income, net	(746)	3,245	12,947
Total other income, net	2,762	9,328	33,150
Income before income taxes	98,348	100,061	94,617
Income tax expense	(25,952)	(26,009)	(24,389)
Net income	72,396	74,052	70,228
Net loss attributable to non-controlling interest	1,793	3,660	699
Net income attributable to the Company	$74,189	$77,712	$70,927

NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY
Basic	$1.27	$1.33	$1.21
Diluted	$1.27	$1.33	$1.21

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	58,326,286	58,312,878	58,720,050
Diluted	58,346,726	58,324,254	58,721,338

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.