Upcoming Dividend • Jun 04
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 09 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.1%). Declared Dividend • May 21
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 9th June 2026 Payment date: 25th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 01
The St. Joe Company announces Quarterly dividend, payable on June 25, 2026 The St. Joe Company announced Quarterly dividend of USD 0.1600 per share payable on June 25, 2026, ex-date on June 09, 2026 and record date on June 09, 2026. Announcement • Apr 17
The St. Joe Company to Report Q1, 2026 Results on Apr 29, 2026 The St. Joe Company announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Announcement • Apr 01
The St. Joe Company, Annual General Meeting, May 12, 2026 The St. Joe Company, Annual General Meeting, May 12, 2026. Location: at the camp creek inn, 684 fazio dr., inlet beach, fl 32461., United States Announcement • Feb 26
The St. Joe Company Declares Cash Dividend, Payable on March 26, 2026 On February 25, 2026, the Board of Directors of The St. Joe Company declared a cash dividend of $0.16 per share on the Company’s common stock, payable on March 26, 2026, to shareholders of record as of the close of business on March 9, 2026. Announcement • Feb 12
The St. Joe Company to Report Q4, 2025 Results on Feb 25, 2026 The St. Joe Company announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Announcement • Oct 30
The St. Joe Company Declares Cash Dividend, Payable on December 12, 2025 On October 29, 2025, the Board of Directors of The St. Joe Company declared a cash dividend of $0.16 per share on the Company’s common stock, payable on December 12, 2025, to shareholders of record as of the close of business on November 13, 2025. The fourth quarter dividend represents a 14% increase from the third quarter 2025 dividend of $0.14 per share. Announcement • Oct 16
The St. Joe Company to Report Q3, 2025 Results on Oct 29, 2025 The St. Joe Company announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Sep 12
The St. Joe Company Announces Release of Latest Issue of “Watersound Lifestyle®” Magazine The St. Joe Company announces the release of the latest issue of "Watersound Lifestyle," the Watersound Club member magazine. This biannual magazine provides insight into club amenities and highlights interesting stories from the community. In this issue, readers can explore the newly renovated Shark’s Tooth Clubhouse, learn more about coastal conservation efforts, and familiarize themselves with the individuals whose passions and talents help define the Watersound Club experience. These stories and more can be found in the latest issue, both in print and online. Announcement • Jul 11
The St. Joe Company to Report Q2, 2025 Results on Jul 23, 2025 The St. Joe Company announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Announcement • Jun 30
The St. Joe Company(NYSE:JOE) dropped from Russell 2000 Dynamic Index The St. Joe Company(NYSE:JOE) dropped from Russell 2000 Dynamic Index Announcement • May 28
The St. Joe Company Announces Expanded Nonstop Daily Flights Create Year-round Access to Travel Between Northwest Florida and New York City The St. Joe Company celebrates the announcement of expanded nonstop daily flights between Northwest Florida Beaches International Airport (ECP) in Panama City, FL and LaGuardia Airport (LGA) in New York City. This announcement comes on the heels of the previously announced seasonal Saturday service offered by Delta Air Lines ("Delta") for Summer 2025. Starting November 6, 2025, this new daily service creates not only a convenient route but also year-round connectivity for travelers from the Northeast to discover the quality of life and attractiveness of Northwest Florida as both a vacation destination and permanent residence. The new year-round route will be operated with an Embraer 175 aircraft, providing passengers with a comfortable and efficient travel experience. Summer flights are available for booking now with the seasonal service beginning on June 14, 2025, and will operate once weekly on Saturdays. Additionally, Delta will offer daily service from June 28, 2025 to July 6, 2025, to accommodate travelers for the Fourth of July holiday. The seasonal service flights will run through Labor Day and will be operated on Delta's CRJ-900 aircraft. Announcement • Apr 24
The St. Joe Company Declares Cash Dividend, Payable on June 26, 2025 The St. Joe Company on April 23, 2025, the Board of Directors declared a cash dividend of $0.14 per share on the Company’s common stock, payable on June 26, 2025, to shareholders of record as of the close of business on June 10, 2025. Announcement • Apr 16
The St. Joe Company to Report Q1, 2025 Results on Apr 23, 2025 The St. Joe Company announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Announcement • Apr 03
The St. Joe Company, Annual General Meeting, May 13, 2025 The St. Joe Company, Annual General Meeting, May 13, 2025. Location: embassy suites by hilton panama city, beach resort 16006 front beach, road panama city beach fl 32413., United States Announcement • Mar 06
The St. Joe Company Announces New Nonstop Flight Between Northwest Florida Beaches International Airport in Panama City, Fl and Laguardia Airport in New York City The St. Joe Company celebrates the announcement of a new nonstop flight between Northwest Florida Beaches International Airport (ECP) in Panama City, FL and LaGuardia Airport (LGA) in New York City. The seasonal service offered by Delta Air Lines, is the first-ever opportunity for vacationers in the Northeast to fly direct from New York City to ECP. This new service creates a more convenient route for travelers to discover the quality of life and attractiveness of Northwest Florida as both a vacation destination and permanent residence. With flights available for booking now, the new service will begin on June 14, 2025, and will operate once weekly on Saturdays. Additionally, Delta will offer daily service from June 28, 2025, to July 6, 2025, to accommodate travelers for the Fourth of July holiday. The flights will run through Labor Day and will be operated on Delta's CRJ-900 aircraft. The St. Joe Company owns, or jointly owns, and operates a portfolio of residential, commercial and hospitality properties throughout Northwest Florida, including 12 hotels across multiple brands, from luxury boutique properties like the award-winning Pearl Hotel in Rosemary Beach and Camp Creek®? Inn in Inlet Beach to nationally recognized brands like Embassy Suites by Hilton Panama City Beach Resort. Announcement • Feb 27
The St. Joe Company Declares Cash Dividend, Payable on March 27, 2025 On February 26, 2025, the Board of Directors of The St. Joe Company declared a cash dividend of $0.14 per share on the Company’s common stock, payable on March 27, 2025, to shareholders of record as of the close of business on March 10, 2025. Announcement • Jan 08
The St. Joe Company Announces Appointment of Diane Hausler as Senior Vice President to Manage New Boutique Real Estate Brokerage Business The St. Joe Company launches a boutique real estate brokerage specializing in home sales along Northwest Florida’s gulf coast. The new venture is led by Diane Hausler who serves as Senior Vice President and manages the brokerage’s day-to-day operations. With more than 22 years of proven leadership and knowledge in real estate, Hausler brings a wealth of experience to this new role. Prior to joining St. Joe, Hausler served as a sales executive for The Ebby Halliday Companies where she led a team of up to 150 agents in the Dallas-Fort Worth metroplex, serving some of the country’s fastest growing communities. With $8.2 billion in total sales volume in 2023, The Ebby Halliday Companies was the North Texas region’s top residential brokerage. Declared Dividend • Oct 28
Third quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 7th November 2024 Payment date: 6th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 15% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.29 (vs US$0.33 in 3Q 2023) Third quarter 2024 results: EPS: US$0.29 (down from US$0.33 in 3Q 2023). Revenue: US$71.0m (down 30% from 3Q 2023). Net income: US$16.8m (down 13% from 3Q 2023). Profit margin: 24% (up from 19% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
The St. Joe Company to Report Q3, 2024 Results on Oct 23, 2024 The St. Joe Company announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 23, 2024 Declared Dividend • Jul 29
Second quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 9th August 2024 Payment date: 6th September 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 21% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$0.42 (vs US$0.60 in 2Q 2023) Second quarter 2024 results: EPS: US$0.42 (down from US$0.60 in 2Q 2023). Revenue: US$111.6m (down 13% from 2Q 2023). Net income: US$24.5m (down 29% from 2Q 2023). Profit margin: 22% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
The St. Joe Company Increases Quarterly Dividend, Payable on September 6, 2024 On July 24, 2024, the Board of Directors of The St. Joe Company declared a cash dividend of $0.14 per share on the Company’s common stock, payable on September 6, 2024, to shareholders of record as of the close of business on August 9, 2024. The third quarter dividend represents a 17% increase from the second quarter 2024 dividend of $0.12 per share. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €56.50, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 25x in the Real Estate industry in Germany. Total returns to shareholders of 60% over the past three years. Declared Dividend • Apr 29
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 14th May 2024 Payment date: 13th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 14% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.18 in 1Q 2023) First quarter 2024 results: EPS: US$0.24 (up from US$0.18 in 1Q 2023). Revenue: US$87.8m (up 20% from 1Q 2023). Net income: US$13.9m (up 34% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • Apr 25
The St. Joe Company Declares Cash Dividend on Common Stock, Payable on June 13, 2024 On April 24, 2024, the Board of Directors of The St. Joe Company declared a cash dividend of $0.12 per share on the Company’s common stock, payable on June 13, 2024, to shareholders of record as of the close of business on May 15, 2024. Announcement • Apr 12
The St. Joe Company to Report Q1, 2024 Results on Apr 24, 2024 The St. Joe Company announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Declared Dividend • Feb 26
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 1st March 2024 Payment date: 27th March 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 14% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
The St. Joe Company, Annual General Meeting, May 14, 2024 The St. Joe Company, Annual General Meeting, May 14, 2024. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$1.33 (vs US$1.21 in FY 2022) Full year 2023 results: EPS: US$1.33 (up from US$1.21 in FY 2022). Revenue: US$389.2m (up 54% from FY 2022). Net income: US$77.7m (up 9.5% from FY 2022). Profit margin: 20% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
The St. Joe Company Declares Quarterly Dividend, Payable on March 27, 2024 On February 21, 2024, the Board of Directors of The St. Joe Company declared a cash dividend of $0.12 per share on the Company’s common stock, payable on March 27, 2024, to shareholders of record as of the close of business on March 4, 2024. Buy Or Sell Opportunity • Feb 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.5% to €50.00. The fair value is estimated to be €41.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 23%. Announcement • Feb 02
The St. Joe Company to Report Q4, 2023 Results on Feb 21, 2024 The St. Joe Company announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Announcement • Dec 15
the St. Joe Company Announces Barnes & Noble Bookstore Coming to Pier Park North The St. Joe Company announced plans for a new Barnes & Noble bookstore to open in the Pier Park North retail center in Panama City Beach, Florida. Plans call for the bookstore to open in early spring of 2024. The new location showcases the highly lauded bookstore design seen in the most recent Barnes & Noble store openings, housing all the best books, toys, games and gifts that customers have come to expect from the nation's premier bookseller. The Pier Park North retail center is located on Panama City Beach Parkway in the Pier Park shopping and entertainment district and is owned by St. Joe and joint venture partner CASTO. The center features approximately 320,000 square feet of leasable space and is 100% leased. Barnes & Noble will join established businesses in Pier Park North, including The Fresh Market, Orangetheory Fitness, Dick's Sporting Goods, Rooms to Go, World Market, Ross Dress for Less, PetSmart, and many others. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.12 per share at 1.0% yield Eligible shareholders must have bought the stock before 08 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.8%). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.33 (vs US$0.21 in 3Q 2022) Third quarter 2023 results: EPS: US$0.33 (up from US$0.21 in 3Q 2022). Revenue: US$101.4m (up 76% from 3Q 2022). Net income: US$19.4m (up 57% from 3Q 2022). Profit margin: 19% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 26
The St. Joe Company Declares Quarterly Dividend, Payable on December 8, 2023 On October 25, 2023, the Board of Directors of The St. Joe Company declared a cash dividend of $0.12 per share on the Company's common stock, payable on December 8, 2023, to shareholders of record as of the close of business on November 9, 2023. Announcement • Oct 14
The St. Joe Company to Report Q3, 2023 Results on Oct 25, 2023 The St. Joe Company announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Upcoming Dividend • Aug 03
Upcoming dividend of US$0.12 per share at 0.8% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.6%). Announcement • Jul 27
The St. Joe Company Declares Cash Dividend, Payable on September 8, 2023 On July 26, 2023, the Board of Directors of The St. Joe Company declared a cash dividend of $0.12 per share on the Company’s common stock, a 20% increase from the June 2023 dividend payment, payable on September 8, 2023, to shareholders of record as of the close of business on August 11, 2023. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.59 (vs US$0.29 in 2Q 2022) Second quarter 2023 results: EPS: US$0.59 (up from US$0.29 in 2Q 2022). Revenue: US$128.1m (up 88% from 2Q 2022). Net income: US$34.7m (up 104% from 2Q 2022). Profit margin: 27% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
The St. Joe Company to Report Q2, 2023 Results on Jul 26, 2023 The St. Joe Company announced that they will report Q2, 2023 results on Jul 26, 2023 Upcoming Dividend • May 09
Upcoming dividend of US$0.10 per share at 1.0% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.23 in 1Q 2022) First quarter 2023 results: EPS: US$0.18 (down from US$0.23 in 1Q 2022). Revenue: US$73.0m (up 13% from 1Q 2022). Net income: US$10.4m (down 23% from 1Q 2022). Profit margin: 14% (down from 21% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year and the company’s share price has also increased by 31% per year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$1.21 (vs US$1.27 in FY 2021) Full year 2022 results: EPS: US$1.21 (down from US$1.27 in FY 2021). Revenue: US$252.3m (down 5.5% from FY 2021). Net income: US$70.9m (down 4.9% from FY 2021). Profit margin: 28% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year. Announcement • Dec 22
The St. Joe Company (NYSE:JOE) acquired an additional 30% stake in Pier Park North from Casto Partners LLC. The St. Joe Company (NYSE:JOE) acquired an additional 30% stake in Pier Park North from Casto Partners LLC in November 2022. Following the acquisition, The St. Joe Company's ownership stake in Pier Park North increased to 90%.The St. Joe Company (NYSE:JOE) completed the acquisition of an additional 30% stake in Pier Park North from Casto Partners LLC in November 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. President, CEO, COO & Director Jorge Gonzalez was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.0%). Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.21 (vs US$0.26 in 3Q 2021) Third quarter 2022 results: EPS: US$0.21 (down from US$0.26 in 3Q 2021). Revenue: US$57.6m (up 6.6% from 3Q 2021). Net income: US$12.3m (down 19% from 3Q 2021). Profit margin: 21% (down from 28% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
The St. Joe Company Declares Cash Dividend, Payable on December 9, 2022 On October 26, 2022, the Board of Directors of The St. Joe Company declared a cash dividend of $0.10 per share on the Company’s common stock, payable on December 9, 2022, to shareholders of record as of the close of business on November 10, 2022. Announcement • Oct 19
The St. Joe Company Releases the Fall/Winter Issue of Watersound Lifestyle The St. Joe Company is releasing thefall/winter issue of Watersound Lifestyle, the Watersound Club member magazine. The biannual magazine provides insight into club amenities and shines a light on interesting stories from thecommunity. In this issue, readers can learn about high-profile golf tournaments being held at Watersound Clubgolf courses, the unveiling of the Point South Marina brand with the opening of Point South Marina Bay Point,plans to design and add a new golf course to the Watersound Club amenities collection, and how to strengthentheir golf game with tips from the Club’s director of instruction at the Camp Creek Performance Center. Buying Opportunity • Aug 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €48.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 51%. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.6%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.29 (vs US$0.41 in 2Q 2021) Second quarter 2022 results: EPS: US$0.29 (down from US$0.41 in 2Q 2021). Revenue: US$68.3m (down 5.5% from 2Q 2021). Net income: US$17.0m (down 30% from 2Q 2021). Profit margin: 25% (down from 34% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
The St. Joe Company Declares Quarterly Dividend, Payable on September 9, 2022 On July 27, 2022, the Board of Directors of The St. Joe Company declared a cash dividend of $0.10 per share on the Company’s common stock, payable on September 9, 2022, to shareholders of record as of the close of business on August 12, 2022. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €37.60, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 13x in the Real Estate industry in Germany. Total returns to shareholders of 168% over the past three years. Upcoming Dividend • May 03
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.23 (vs US$0.054 in 1Q 2021) First quarter 2022 results: EPS: US$0.23 (up from US$0.054 in 1Q 2021). Revenue: US$64.9m (up 57% from 1Q 2021). Net income: US$13.4m (up 320% from 1Q 2021). Profit margin: 21% (up from 7.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 49% per year. Announcement • Apr 28
The St. Joe Company Declares Cash Dividend, Payable on June 9, 2022 On April 27, 2022, the Board of Directors of The St. Joe Company declared a cash dividend of $0.10 per share on the Company’s common stock, payable on June 9, 2022, to shareholders of record as of the close of business on May 11, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. President, CEO, COO & Director Jorge Gonzalez was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
The St. Joe Company, Annual General Meeting, May 17, 2022 The St. Joe Company, Annual General Meeting, May 17, 2022, at 09:00 Central Daylight. Agenda: To elect five directors for a one-year term expiring at the 2023 annual meeting of shareholders or until his successor is elected and qualified; to ratify the appointment of Grant Thornton LLP as independent registered public accounting firm for the 2022 fiscal year; to approve, on an advisory basis, the compensation of named executive officers; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement of the Annual Meeting. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 17% share price gain to €48.00, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 14x in the Real Estate industry in Germany. Total returns to shareholders of 256% over the past three years. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.27 (up from US$0.77 in FY 2020). Revenue: US$267.0m (up 66% from FY 2020). Net income: US$74.6m (up 65% from FY 2020). Profit margin: 28% (in line with FY 2020). Revenue exceeded analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
The St. Joe Company Declares Cash Dividend, Payable on March 29, 2022 On February 23, 2022, the Board of Directors of The St. Joe Company declared a cash dividend of $0.10 per share on the Company’s common stock, a 25% increase from the December 2021 dividend payment, payable on March 29, 2022, to shareholders of record as of the close of business on March 7, 2022. Announcement • Feb 04
The St. Joe Company Announces the Commencement of Development of the Ward Creek Community, A New 1,600 Homesite Residential Development in Panama City Beach, Florida The St. Joe Company announced the commencement of development of the Ward Creek community, a new residential project in Panama City Beach, Florida. The community is planned for approximately 1,600 residential homesites to include a mix of single-family homes and townhomes. The Ward Creek community is being developed off of State Highway 79 approximately four miles from the Gulf of Mexico. Plans call for the community to be developed in phases and include amenities such as pools, green space and trails that connect to the area’s broad trail network. St. Joe has 714 of the homesites under contract and is in negotiations with additional homebuilders. Announcement • Jan 12
The St. Joe Company Announces Commencement of Development of Watersound West Bay Center The St. Joe Company announced commencement of development of Watersound West Bay Center, a lifestyle shopping center adjacent to the Latitude Margaritaville Watersound community in Panama City Beach, Florida. Plans call for the center, which has the potential to include approximately 350,000 square feet of leasable space at build out, to feature a mix of retail, restaurant, office and medical space. The center is planned for an approximately 110-acre site located near the intersection of State Road 79 and West Bay Parkway at the entrance to the Latitude Margaritaville Watersound community. This active adult community, which is planned to include 3,500 homesites, welcomed its first residents in late 2021. Since home sales began in June 2021, more than 450 homes have been placed under contract. St. Joe plans to design the lifestyle shopping center with golf cart and pedestrian connectivity to the residential community. The State Road 79 corridor serves as one of the main arteries for vacationers visiting the area by car or via the nearby Northwest Florida Beaches International Airport. Just minutes from the planned Watersound West Bay Center, St. Joe has started site work on another large, multi-phase residential community and has plans for a hospital and medical campus. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 10 December 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.0%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.26 (vs US$0.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$54.0m (up 28% from 3Q 2020). Net income: US$15.2m (up 96% from 3Q 2020). Profit margin: 28% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 10 September 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.8%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.41 (vs US$0.33 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$72.2m (up 100% from 2Q 2020). Net income: US$24.2m (up 26% from 2Q 2020). Profit margin: 34% (down from 53% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.054 (vs US$0.026 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$41.3m (up 122% from 1Q 2020). Net income: US$3.20m (up US$4.73m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Apr 29
The St. Joe Company Declares Quarterly Cash Dividend, Payable on June 10, 2021 On April 28, 2021, the Board of Directors of The St. Joe Company declared a quarterly cash dividend of $0.08 per share on its common stock, payable on June 10, 2021, to shareholders of record at the close of business on May 12, 2021. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS US$0.77 (vs US$0.45 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$160.6m (up 26% from FY 2019). Net income: US$45.2m (up 69% from FY 2019). Profit margin: 28% (up from 21% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 26
New 90-day high: €45.40 The company is up 66% from its price of €27.40 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. Announcement • Feb 18
The St. Joe Company Sells All 23 Homesites in First Offering at the Watersound Camp Creek Community The St. Joe Company sold out the first release of homesites in the Watersound Camp Creek community at an average price of approximately $446,000. This offering of 23 homesites in this initial phase was direct to buyers through the community’s website beginning in October 2020. The Watersound Camp Creek community is St. Joe’s newest residential development ideally located off South Watersound Parkway adjacent to Camp Creek Golf Club and the adjacent amenities that are being constructed and within a short walk, bike or golf cart ride to Scenic Highway 30-A and the Gulf of Mexico or to the developing Watersound Town Center. This gated community with a restriction on short-term rentals is planned for 262 custom homesites ranging from approximately ¼ acre to just under one acre in size. The Watersound Camp Creek community requires membership in The Clubs by JOE, St. Joe’s private membership club. Club members enjoy access to Camp Creek Golf Club, Shark’s Tooth Golf Club, WaterSound Beach Club and the future club amenities currently under construction adjacent to the community which plan to include, a resort-style pool complex, multiple tennis and pickleball courts, a health and wellness center, multiple dining venues and a children’s play area among others. The Clubs by JOE membership grew by a record breaking 289 members in 2020 bringing the total to more than 1,500 members. St. Joe’s affiliated company, Watersound Closings & Escrow, handled all closings for the Watersound Camp Creek community. Is New 90 Day High Low • Feb 03
New 90-day high: €39.80 The company is up 72% from its price of €23.20 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. Announcement • Jan 13
The St. Joe Company Announces the Sale of 5.8 Acres of Land in the Cedar Grove Commerce Park in Panama City, Florida The St. Joe Company announced the sale of 5.8 acres of land at the Company’s Cedar Grove Commerce Park in Panama City, Florida for a new Coca-Cola sales and distribution facility. Coca-Cola Bottling Company UNITED Inc. (“Coca-Cola UNITED”) intends to construct a facility to include a distribution center, warehouse, fleet maintenance center and administrative offices. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 16% share price gain to US$33.40, the stock is trading at a trailing P/E ratio of 75x, up from the previous P/E ratio of 64.6x. This compares to an average P/E of 13x in the Real Estate industry in Germany. Total returns to shareholders over the past three years are 117%. Is New 90 Day High Low • Dec 08
New 90-day high: €28.20 The company is up 52% from its price of €18.50 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €26.40 The company is up 42% from its price of €18.60 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. Upcoming Dividend • Nov 05
First Dividend Is US$0.07 Per Share Will be paid on the 9th of December to those who are registered shareholders by the 12th of November. This is the first dividend for St. Joe since going public. The average dividend yield among industry peers is 2.8%. Is New 90 Day High Low • Oct 31
New 90-day high: €23.20 The company is up 32% from its price of €17.60 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$34.1m, up 88% from the prior year. Total revenue was US$139.4m over the last 12 months, up 38% from the prior year. Announcement • Oct 10
The St. Joe Company Announces Plans for a New 240-Unit Apartment Community in Panama City, Florida The St. Joe Company announced plans for a new 240-unit apartment community in Panama City, Florida. St. Joe intends to develop and construct the community on Star Avenue approximately one mile from State Road 231. This location is within the municipal limits of the city of Panama City. Plans call for the project to include 108 one-bedroom apartments, 108 two-bedroom apartments and 24 three-bedroom townhome-style apartments. The three-bedroom townhome-style units will feature garages making them ideal for working families. This location is along the growing State Road 231 corridor in Panama City and is approximately one mile from the neighborhood’s elementary and middle schools and is a convenient drive to Tyndall Air Force Base. The one and two-bedroom apartments will fill a need for the local workforce with proximity to several area employers. Is New 90 Day High Low • Oct 06
New 90-day high: €20.80 The company is up 27% from its price of €16.40 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period. 