St. Joe Co Reports 27% Full-Year Revenue Growth to $513.2M, Plans 2026 Groundbreakings
The St. Joe Co delivered $2 EPS in Q4, its highest in 23 years, and saw revenue up 27% to $513.2 million with net income climbing 56% to $115.6 million. Management plans 2026 groundbreaking for an apartment complex near FSU Health and infrastructure at Pier Park East, anchored by a surf park.
1. Record Q4 and Full-Year Results
The St. Joe Co reported Q4 revenue growth of 24% and a 58% jump in net income, delivering $2 EPS for the first time in 23 years. For the full year, revenue rose 27% to $513.2 million while net income climbed 56% to $115.6 million.
2. 2026 Project Pipeline
Management confirmed plans to break ground in 2026 on a new multi-family apartment complex adjacent to the FSU Health campus. At Pier Park East, infrastructure work is slated to begin next year with a family-oriented surf park as the second anchor, alongside completion of Phase II of the teaching hospital at FSU Health Campus.
3. Capital Allocation Strategy
The board has earmarked 47% of capital for dividends and share repurchases while prioritizing debt paydown to reduce interest expenses. Share buybacks remain part of the strategy, contingent on market valuation and macroeconomic conditions.