ST JOE (JOE) risk factors, FY2024 10-K

ST JOE's FY2024 10-K, filed Feb 26, 2025, lists 11 risk factors in 5 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
115 groups
Section length
10k wordsItem 1A

ST JOE's biggest risks in the FY2024 10-K

  • St. Joe Co. faces concentrated geographic risk tied to Northwest Florida real estate development and population growth.
  • Operations are heavily exposed to weather events, uninsured timber assets, and hurricane insurance limitations.
  • Real estate investments and timber holdings are inherently illiquid and subject to complex land use regulations.

The risks most specific to ST JOE

  • Strategic and Competitive Risks

    Additionally, we and the real estate industry in general may be adversely affected during periods of high inflation, primarily because of higher construction and operating costs

    Inflation can increase construction and operating costs, adversely affecting leasing returns for multi-family, senior living, and commercial properties.

  • Strategic and Competitive Risks

    Failure to lease new properties or obtain lease rates that are consistent with our projections or significant time lags between commencement and completion of a commercial project may lead to lower than anticipated returns, which could adversely impact our ability to successfully execute our business strategy

    Failure to lease new properties at projected rates or project delays can lower returns and disrupt our business strategy.

  • Strategic and Competitive Risks

    interests or investments at a premium to the market price to continue ownership. In addition, we may not have sufficient resources, experience and/or skills to manage our existing JVs or locate additional desirable partners

    Real estate and timber holdings are illiquid, making it difficult to rapidly adjust property assets when desired.

  • RISKS RELATED TO THE OPERATION OF OUR BUSINESS SEGMENTS

    Any of these factors may increase our costs or limit or reduce the prices we are able to charge for our hospitality products or services, or otherwise affect our ability to maintain existing properties, develop new properties or add amenities to our existing properties

    Hurricane insurance has named storm limitations and deductibles, and timber assets are completely uninsured.

  • RISKS RELATED TO THE OPERATION OF OUR BUSINESS SEGMENTS

    We are subject to various geographic risks

    Our success depends heavily on continued strong population migration and growth in Northwest Florida.

  • LEGAL, REGULATORY, AND LITIGATION RISK

    We are subject to various existing government regulations

    Developing real property requires navigating an extensive, uncertain, and political entitlements process across multiple regulatory jurisdictions.

  • LEGAL, REGULATORY, AND LITIGATION RISK

    permitting burden or must address issues such as coastal high hazard, hurricane evacuation, floodplains and dune protection

    We face heavy permitting burdens regarding coastal hazards, hurricane evacuation, floodplains, dune protection, and environmental regulations.

  • LEGAL, REGULATORY, AND LITIGATION RISK

    We may be subject to risks from changes in certain governmental policies

    Elevated interest rates and government-backed mortgage policies significantly influence the availability and cost of mortgage financing for buyers.

All 11 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Forward-Looking Statements

Strategic and Competitive Risks

  1. 02Additionally, we and the real estate industry in general may be adversely affected during periods of high inflation, primarily because of higher construction and operating costs
  2. 03Failure to lease new properties or obtain lease rates that are consistent with our projections or significant time lags between commencement and completion of a commercial project may lead to lower than anticipated returns, which could adversely impact our ability to successfully execute our business strategy
  3. 04interests or investments at a premium to the market price to continue ownership. In addition, we may not have sufficient resources, experience and/or skills to manage our existing JVs or locate additional desirable partners

RISKS RELATED TO THE OPERATION OF OUR BUSINESS SEGMENTS

  1. 05Any of these factors may increase our costs or limit or reduce the prices we are able to charge for our hospitality products or services, or otherwise affect our ability to maintain existing properties, develop new properties or add amenities to our existing properties
  2. 06We are subject to various geographic risks

LEGAL, REGULATORY, AND LITIGATION RISK

  1. 07We are subject to various existing government regulations
  2. 08permitting burden or must address issues such as coastal high hazard, hurricane evacuation, floodplains and dune protection
  3. 09We may be subject to risks from changes in certain governmental policies
  4. 10Changes to U.S. tax laws may materially affect us

GENERAL RISKS

  1. 11Contingencies included in Item 15 of this Form 10-K for additional information. If we were to become obligated to perform on any of these guarantees, our results of operations, cash flows and financial condition may be adversely affected

Other ST JOE 10-Ks

  • FY2025 10-K risk factors
    9 risks3 new5 dropped5 reworded

    Tenant financial stress from e-commerce and inflation adds occupancy risks. Environmental regulations and wetland restrictions threaten real estate development timelines. Strategic partnership revenue relies heavily on the Latitude Margaritaville Watersound joint venture.

    Filed Feb 25, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.