JOE News & Events

Reports Q4 revenue $128.9M vs. $104.3M last year. Jorge Gonzalez, the Company's President, Chief Executive Officer and Chairman of the Board, said, "We completed a strong year with 58% growth in net income and 24% growth in revenue in the fourth quarter compared to the same period in 2024. For the full year 2025, revenue exceeded $500 million totaling $513.2 million, an increase of 27% over a strong 2024. Each of the Company's operating segments continued to reflect organic growth in revenue. For the full year 2025, residential real estate revenue increased 41% to $165.0 million from $116.8 million in 2024. The average base sales price per homesite increased from $108,000 in 2024 to $137,000 per homesite in 2025 while the gross margin on homesite sales increased from 47% to 51%. For the full year 2025, hospitality revenue increased to a Company record of $215.4 million while leasing revenue increased to a Company record of $63.6 million."

Reports Q3 revenue $161.1M vs $99M. Jorge Gonzalez, the Company's President, Chief Executive Officer and Chairman of the Board, said, "All segments continue to reflect organic growth in revenue. Residential real estate revenue increased 94% to $36.8 million from $19.0 million. The average homesite base sales price increased from $86,000 to $150,000 per homesite while the gross margin on homesite sales increased from 39% to 53%. Leasing revenue increased to a single quarterly record of $16.7 million and hospitality revenue increased to a third quarter record of $60.6 million."

On February 26, 2025, the Board of Directors declared a cash dividend of $0.14 per share on the Company's common stock, payable on March 27, 2025, to shareholders of record as of the close of business on March 10, 2025. In addition, the Board of Directors approved an increase in the share repurchase authority under the Company's stock repurchase program from the remaining $76.7 million as of December 31, 2024, to $100.0 million.

Reports Q4 revenue $104.3M vs. $86.7M last year.