Schedule IV (Consolidated) - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2024

Mortgage Loans on Real Estate

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

THE ST. JOE COMPANY

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

DECEMBER 31, 2024

(Dollars in thousands)

										Principal Amount
										of Loans Subject
			Periodic			Face		Carrying		to Delinquent
	Interest		Payment	Prior		Amount of		Amount of		Principal
Description of Note Receivable (a)	Rate	Final Maturity Date	Terms	Liens		Mortgages		Mortgages		or Interest
Secured revolving promissory note with unconsolidated Latitude Margaritaville Watersound JV, homesite development	5.0%	June 2025	P&I(b)	$	—	$	—	$	—	$	—
Total (c)				$	—	$	—	$	—	$	—

(a) All seller financed properties are located in Northwest Florida.

(b) Principal and interest due at closing of each residential home to a third party. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full. See Note 4. Joint Ventures and Note 20. Commitments and Contingencies for additional information related to the revolving promissory note.

(c) The aggregate cost for federal income tax purposes approximates the amount of unpaid principal.

The summarized changes in the carrying amount of mortgage loans are as follows:

	December 31,		December 31,		December 31,
	2024		2023		2022
Balance at beginning of the year	$	—	$	1,315	$	11,942
Additions during the year - new mortgage loans		—		—		—
Deductions during the year:
Collections of principal		—		1,315		10,699
Foreclosures		—		—		—
Other		—		—		(72)
Balance at the end of the year	$	—	$	—	$	1,315