St. Joe Q3 Net Income Falls 5% to $36.9M; Dividend Raised 13% to $0.18
JOE sits 40% above its 52-week low of $48.815.
Summary
St. Joe's Q3 net income fell 5% to $36.9 million on a tough comparison to last year's $41.0 million property sale, while operating income rose 16% and the dividend was lifted 13% to $0.18 per share.
Key Events · Earnings and Guidance · JOE
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Q3 Net Income Down 5% on Tough Comp
Net income was $36.9 million, or $0.65 per share, versus $38.7 million, or $0.67, a year earlier; the 2025 quarter included a $41.0 million Watercrest JV property sale.
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Operating Income Up 16%, Hospitality Record
Operating income rose to $61.5 million from $52.9 million, and hospitality revenue hit a Q3 record $66.0 million with gross margin improving to 37% from 35%.
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Dividend Raised 13% to $0.18
The board declared $0.18 per share payable December 11, 2026 to holders of record November 12, 2026, up from $0.16 and 157% above the $0.07 program start in 2020.
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Buybacks Cut Share Count to 1997 Low
The company repurchased $27.2 million (412,800 shares) in Q3 and $64.9 million (988,637 shares) in the first nine months, leaving 56,578,851 shares outstanding as of September 30, 2026.
Analysis · JOE · Real Estate & Construction
The headline profit decline is mostly optics: net income slipped 5% to $36.9 million because the year-ago quarter included a $41.0 million Watercrest property sale. Strip that out and the core business improved, with operating income up 16% to $61.5 million and hospitality revenue reaching a Q3 record $66.0 million. Shareholders also got a 13% dividend increase to $0.18 per share, and the share count kept shrinking—56,578,851 shares outstanding, the lowest since 1997, after $64.9 million of buybacks in the first nine months. The offset is real estate: revenue fell 9% to $76.1 million, and homesites under contract (excluding Havenry and SouthWood) dropped to 1,048 from 1,345 a year ago, with expected revenue of $103.6 million versus $137.4 million.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, JOE was trading at $68.13 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $48.82 to $73.54. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.