other
confidence high
sentiment positive
materiality 0.50
St. Joe annual meeting presentation: 169K acres, 28% revenue CAGR, $480M buybacks
ST JOE Co
- Owns 169,000 acres; 86% in Walton, Gulf, Bay counties (fastest-growing FL areas).
- Entitlements for over 170,000 residential units and 20M+ sq ft non-residential.
- Real estate investment balance grew 22% avg annual rate; combined revenue grew 28% avg annual rate.
- Majority of revenue from less than 2% of land holdings; low fixed expenses.
- Business strategy includes stock buybacks: repurchased 29.5% of outstanding over last 3 years ($480M).