secwatch.observer — SEC 8-K summary
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Issuer:     ST JOE Co (JOE)
CIK:        0000745308
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001157523-22-000928
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

St. Joe Q2 net income falls 30% to $17M; homesite units up 34%
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- Net income $17.0M ($0.29/share) vs $24.2M ($0.41) in Q2 2021; revenue $68.2M (-6% YoY).
- Homesite units sold up 34% to 231, but avg price dropped to $83k from $164k due to mix; Watersound Camp Creek delayed to H2.
- Leasing +45% to $9.3M, hospitality +31% to $29.6M, real estate -32% to $28.0M.
- Quarterly dividend of $0.10 declared, payable Sept 9, 2022 to holders of record Aug 12, 2022.
- Backlog of 2,172 homesites and 605 homes under contract, record $460.5M total sales value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745308/000115752322000928/0001157523-22-000928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745308/000115752322000928/a52793469.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000928

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