secwatch.observer — SEC 8-K summary
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Issuer:     ST JOE Co (JOE)
CIK:        0000745308
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001157523-23-000332
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745308/000115752323000332/0001157523-23-000332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745308/000115752323000332/a53336189.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000332

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer