St. Joe Company Q2 2025 Earnings Call Transcript

The St. Joe Company (JOE) has released its Q2 2025 earnings report, with President and CEO Jorge Gonzalez leading the conference call. The company's quarterly earnings press release is available on its website. Gonzalez is joined by Chief Financial Officer Marek Bakun. The call aims to provide shareholders and the investor community with an opportunity to engage with management and ask questions about the company's business and performance.

The St. Joe Company (JOE) has released its Q2 2025 earnings report, with President and CEO Jorge Gonzalez leading the conference call. The company's quarterly earnings press release is available on its website. Gonzalez is joined by Chief Financial Officer Marek Bakun, and the call aims to provide shareholders and the investor community with an opportunity to engage with management and ask questions about the company's business and performance.

The company reported 16% growth in revenue and 20% growth in net income, driven by a 27% increase in real estate revenue. Recurring revenue streams, such as leasing and hospitality, also showed significant growth, with leasing revenue up by 11% and hospitality revenue up by 10%, reaching quarterly records. Through the first 6 months of 2025, recurring revenue now constitutes 63% of total revenue, reflecting a significant transformation in the company's business model.

In terms of capital allocation, The St. Joe Company executed a measured strategy, with $36.5 million in capital expenditures for growth, $10.1 million for share repurchases, $8.1 million for cash dividends, and $7.7 million for project debt reduction. The company also accelerated share repurchases, reducing the outstanding share balance to below $58 million for the first time since 1996.

Several notable events occurred in the second quarter that are relevant to the company's business. The Bay County Commission approved the Pigeon Creek Detail's specific Area Plan, Delta announced year-round daily nonstop flights between New York City and Northwest Florida Beaches Airport, and Topgolf opened its doors in Panama City Beach, among others.

The company's leadership emphasized the importance of capital allocation and the potential to return significant capital to shareholders. While the company returned $26 million to equity holders in the form of dividends, buybacks, and debt paydown in the second quarter, it remains uncertain whether it can return close to $100 million annually. The company's commitment to capital allocation and value creation for shareholders is evident in its strategic transformation and growth.

For the full earnings report and additional details, please refer to the company's investor relations section on its website [1].

References:
[1] https://www.marketscreener.com/news/transcript-the-st-joe-company-q2-2025-earnings-call-jul-24-2025-ce7c5fdadd8df526