---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000332"
form_type: "8-K"
ticker: "JOE"
cik: "0000745308"
company_name: "ST JOE Co"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:42:51.673424+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# St. Joe Q4 revenue down 38% to $61.6M; full-year net income $70.9M, recurring revenue grows

## Summary
- Full year 2022 revenue $252.3M (down 5.5%); net income $70.9M ($1.21/share) vs $74.5M ($1.27/share).
- Hospitality revenue up 29% to $97.2M; leasing revenue up 45% to $39.2M; real estate revenue down 31% to $109.2M.
- Unconsolidated JVs generated $169.5M revenue (up 294% YoY); equity income from JVs was $26.0M vs -$0.9M.
- Board declared $0.10/share dividend payable March 28, 2023; $356.7M capex in 2022, 2,197 homesites under contract worth $176.3M.

## SEC filing metadata
- accession: 0001157523-23-000332
- form_type: 8-K
- ticker: JOE
- cik: 0000745308
- company_name: ST JOE Co
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/745308/000115752323000332/0001157523-23-000332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/745308/000115752323000332/a53336189.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000332
- JSON: https://secwatch.observer/filing/0001157523-23-000332.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000332.txt

## Key facts
- Earnings Releases
  ST JOE Co reported the quarter and year ended December 31, 2022 results: revenue $252.3 million, net income $70.9 million.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $252.3 million
  - Net income: $70.9 million
  - Result: reported results
  source text: 2022 increased by 29%, leasing revenue increased by 45%, while real estate revenue decreased by 31%, compared to the full year 2021. Overall revenue for the full year 2022 was $252.3 million compared to $267.0 million in 2021. Net income attributable to the Company for the full year 2022 decreased by 4.8% to $70.9 million primarily due to timing and product mix of
  evidence_url: https://www.sec.gov/Archives/edgar/data/745308/000115752323000332/0001157523-23-000332-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.