Should Praetorian’s Land-Rich Valuation Case for Florida Panhandle Holdings Require Action From St. Joe (JOE) Investors?

Simply Wall St.02-17

In its fourth-quarter 2025 investor letter, Praetorian Capital highlighted The St. Joe Company’s roughly 167,000 acres of Florida Panhandle land and argued the business could grow revenue and earnings...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2612145843?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/7312000-choice1-main-header/1585186577918","is_english":true,"pubTime":"2026-02-17 16:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2612145843","market":"nz","top_or_hot":-1,"title":"Should Praetorian’s Land-Rich Valuation Case for Florida Panhandle Holdings Require Action From St. Joe (JOE) Investors?","media":"Simply Wall St.","content":"<div>\n<p>In its fourth-quarter 2025 investor letter, Praetorian Capital highlighted The St. Joe Company’s roughly 167,000 acres of Florida Panhandle land and argued the business could grow revenue and earnings...</p>\n\n<a href=\"https://simplywall.st/stocks/us/real-estate-management-and-development/nyse-joe/st-joe/news/should-praetorians-land-rich-valuation-case-for-florida-panh\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should Praetorian’s Land-Rich Valuation Case for Florida Panhandle Holdings Require Action From St. Joe (JOE) Investors?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould Praetorian’s Land-Rich Valuation Case for Florida Panhandle Holdings Require Action From St. Joe (JOE) Investors?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-17 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/real-estate-management-and-development/nyse-joe/st-joe/news/should-praetorians-land-rich-valuation-case-for-florida-panh><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In its fourth-quarter 2025 investor letter, Praetorian Capital highlighted The St. Joe Company’s roughly 167,000 acres of Florida Panhandle land and argued the business could grow revenue and earnings...</p>\n\n<a href=\"https://simplywall.st/stocks/us/real-estate-management-and-development/nyse-joe/st-joe/news/should-praetorians-land-rich-valuation-case-for-florida-panh\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ISBC","symbol_name":"投资者银行","start_time":0,"source_url":"https://simplywall.st/stocks/us/real-estate-management-and-development/nyse-joe/st-joe/news/should-praetorians-land-rich-valuation-case-for-florida-panh","article_id":"2612145843","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7312000-choice1-main-header/1585186577918"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate-management-and-development/nyse-joe/st-joe/news/should-praetorians-land-rich-valuation-case-for-florida-panh","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612145843","pubTimestamp":1771316107,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"In its fourth-quarter 2025 investor letter, Praetorian Capital highlighted The St. Joe Company’s roughly 167,000 acres of Florida Panhandle land and argued the business could grow revenue and earnings rapidly while trading at what it views as an appealing Adjusted Funds from Operations multiple. \nThis commentary effectively frames St. Joe as a land-rich owner where investors may be paying for cash flow while receiving significant asset value at little apparent cost.\nWe’ll now examine how...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"ISBC":"投资者银行","BK4193":"多样化房地产活动","BK4211":"区域性银行","JOE":"圣乔"},"translate_title":"Praetorian对Florida Panhandle Holdings的土地丰富估值案例是否需要St.Joe(JOE)投资者采取行动？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JOE":1.5,"ISBC":1.5},"content_text":"In its fourth-quarter 2025 investor letter, Praetorian Capital highlighted The St. Joe Company’s roughly 167,000 acres of Florida Panhandle land and argued the business could grow revenue and earnings rapidly while trading at what it views as an appealing Adjusted Funds from Operations multiple.  This commentary effectively frames St. Joe as a land-rich owner where investors may be paying for cash flow while receiving significant asset value at little apparent cost. We’ll now examine how Praetorian Capital’s focus on St. Joe’s extensive Florida Panhandle land holdings shapes the company’s broader investment narrative. Find 55 companies with promising cash flow potential yet trading below their fair value.AdvertisementWhat Is St. Joe's Investment Narrative?To own St. Joe, you need to believe its vast Florida Panhandle land bank can keep converting into profitable, recurring cash flows while supporting a relatively rich earnings multiple and active capital returns. The Praetorian Capital letter reinforces that narrative by spotlighting the roughly 167,000 acres and the focus on Adjusted Funds from Operations, which may draw more attention to St. Joe’s real estate and hospitality pipeline as a near term catalyst, especially with Q4 2025 results due on February 25. That extra spotlight does not fundamentally change the biggest risks, though it can sharpen them: high leverage still matters if conditions soften, and the share price’s strong one year run leaves less room for disappointment if upcoming earnings or land monetization pace underwhelm expectations. But against that land rich story sits a debt load that investors cannot ignore.\n\nDespite retreating, St. Joe's shares might still be trading 20% above their fair value. Discover the potential downside here.Exploring Other PerspectivesJOE 1-Year Stock Price Chart With a single US$87.35 per share fair value from the Simply Wall St Community, you are seeing one concentrated retail view rather than a broad spread of opinions. Set that beside the heightened focus on St. Joe’s debt and execution risk and it becomes even more important to compare multiple perspectives before deciding how the current price reflects the company’s prospects.Explore another fair value estimate on St. Joe - why the stock might be worth as much as 24% more than the current price!Decide For YourselfDon't just follow the ticker - dig into the data and build a conviction that's truly your own.A great starting point for your St. Joe research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.Our free St. Joe research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate St. Joe's overall financial health at a glance.Ready For A Different Approach?Our top stock finds are flying under the radar-for now. Get in early:Invest in the nuclear renaissance through our list of 85 elite nuclear energy infrastructure plays powering the global AI revolution.We've uncovered the 13 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them.This technology could replace computers: discover 23 stocks that are working to make quantum computing a reality.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2612145843","isCrawlerRequest":true}