Shares of St. Joe (NYSE: JOE) surged 5.22% in after-hours trading on Wednesday, following the release of the company's impressive third-quarter 2025 financial results and an announcement of a dividend increase.
The real estate development company reported a substantial 130% year-over-year increase in net income, reaching $40.2 million for the quarter. Quarterly revenue saw a remarkable 63% jump to $161.1 million, driven by strong performance across its business segments. Earnings per share (EPS) came in at $0.67, more than doubling from $0.29 in the same period last year.
St. Joe's real estate segment was the standout performer, with revenue skyrocketing 199% due to higher homesite prices and increased gross margins. The company also benefited from the sale of its Watercrest senior living community, contributing $19.4 million to gross profit. Additionally, St. Joe announced a 14% increase in its quarterly dividend to $0.16 per share, further boosting investor confidence. The strong results and positive outlook reflect the company's successful strategy in capitalizing on the growing demand for real estate in its markets.