The St. Joe Company reported significant financial growth for the fiscal year ending December 31, 2025, with total revenue increasing by 27.4% to $513.2 million, up from $402.7 million in 2024. Net income attributable to the company rose by 55.8% to $115.6 million, or $2.00 per share, compared to $74.2 million, or $1.27 per share, in the previous year. The increase in revenue was driven by a 63.5% rise in real estate revenue, which reached $234.2 million, alongside an 8.1% increase in hospitality revenue to a record $215.4 million. Leasing revenue also saw a 5.5% increase, totaling $63.6 million.
The company’s operational metrics reflected a strong performance across its segments. The residential segment accounted for 32.2% of total revenue, while hospitality contributed 43.0%, and commercial made up 23.2%. Notably, the residential segment's revenue surged due to the sale of homesites, with 911 homesites sold at an average price of approximately $137,000, compared to 912 homesites sold at an average of $108,000 in 2024. The hospitality segment also expanded its membership base, increasing from 3,476 to 3,594 members at the Watersound Club.
Strategically, St. Joe has continued to focus on enhancing its portfolio through various initiatives, including the sale of a senior living community for $41 million in September 2025. The company has also been active in stock repurchases, buying back 798,622 shares for $40 million during the year, and has maintained a robust dividend policy, increasing its quarterly dividends to $0.58 per share in 2025 from $0.52 in 2024. As of December 31, 2025, the company had $129.6 million in cash and cash equivalents, up from $88.8 million the previous year.
Looking ahead, St. Joe remains optimistic about its growth trajectory, driven by the ongoing development of its real estate assets in Northwest Florida, which includes 165,000 acres of land. The company plans to continue investing in capital expenditures, which totaled $108.1 million in 2025, to support its residential, hospitality, and commercial projects. The management believes that the sustained growth in Northwest Florida, fueled by net migration and demand for high-quality living environments, will continue to bolster its financial performance in the coming years.
About ST JOE Co
The St. Joe Company is a diversified real estate development, asset management, and operating firm focused on Northwest Florida. It develops residential communities, commercial properties, and hospitality assets, including hotels, golf courses, and recreational facilities. The company leverages land entitlements, strategic partnerships, and sustainable practices to create long-term value through real estate sales, leasing, and hospitality services in a high-growth regional market.
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