ST JOE Co — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
ST JOE reported Q3 2026 net income of $36.9M ($0.65/share), down 5% YoY, but 9M 2026 net income up 7% to $91.3M ($1.60/share). The Board increased the quarterly dividend by 13% to $0.18/share (from $0.16), representing a 157% cumulative increase since the 2020 program initiation at $0.07. The company sold $50.4M of additional land to the Latitude Margaritaville Watersound joint venture at $14,400/unit (44% above the 2020 price of $10,000/unit), recognized as $31.4M real estate revenue in Q3 2026, with remaining gains of $19.0M to be recognized as interest income over time as homes sell. Capital allocation: Q3 repurchased $27.2M of stock (412,800 shares); 9M repurchased $64.9M (988,637 shares), up 161% YoY.
Why this rating
Dividend increase signals confidence; strong 9M results (+7% YoY). Q3 softness offset by Latitude Margaritaville land deal (meaningful but deferred gain realization). Modest relative to $1.8B market cap.
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