St. Joe Delivers Record Q2: Net Income Jumps 37% to $40.5M on 23% Revenue Surge
JOE sits 36% above its 52-week low of $46.37.
Summary
St. Joe reported its best Q2 in 30 years, with net income up 37% to $40.5 million and revenue up 23% to $158.8 million, driven by record hospitality and surging residential real estate sales. The company also ramped up buybacks, repurchasing $32.7 million in stock and expanding its authorization to $200 million.
Key Events · Earnings and Guidance · JOE
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Record Q2 Net Income
Net income attributable to the Company rose 37.3% to $40.5 million, or $0.71 per share, compared to $29.5 million, or $0.51 per share, in Q2 2025.
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Revenue Surges 23%
Total revenue increased 23.0% to $158.8 million, driven by a 58.9% jump in real estate revenue to $69.6 million and a 7.8% increase in hospitality revenue to a quarterly record of $74.2 million.
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Aggressive Share Repurchases
The company repurchased 499,700 shares for $32.7 million in Q2 2026 at an average price of $65.42. In May 2026, the Board increased the total buyback authorization to $200.0 million, with $173.0 million remaining.
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Dividend Maintained
A cash dividend of $0.16 per share was declared, payable on September 18, 2026, to shareholders of record on August 21, 2026.
Analysis · JOE · Real Estate & Construction
St. Joe posted its best second quarter in three decades, with net income rising 37% to $40.5 million on a 23% revenue increase to $158.8 million. The residential segment drove the beat with a 58.9% jump in real estate revenue, while hospitality hit a quarterly record. The company also aggressively returned capital, repurchasing $32.7 million in stock and hiking its buyback authorization to $200 million. This quarter confirms the company's thesis that Northwest Florida migration is insulating it from broader housing headwinds, and the strong cash generation supports both growth investments and shareholder returns.
At the time of this filing, JOE was trading at $63.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $46.37 to $73.54. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.