Articles from The St. Joe Company

The St. Joe Company (NYSEJOE) (“St. Joe”) announces the opening of its newest Watersound Club golf course designed by Love Golf Design Founders Davis Love III and Mark Love and Lead Architect Scot Sherman. Named “The Third” in homage to both the PGA great who helped design the new course and its position as the third golf course in the Watersound Club collection, the 18-hole course is located just north of Shark’s Tooth golf course, another world-class amenity in the Watersound Club portfolio.

The St. Joe Company (NYSEJOE) (the “Company”) today reported fourth quarter and full year 2024 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) launches a boutique real estate brokerage specializing in home sales along Northwest Florida’s gulf coast. The new venture is led by industry veteran Diane Hausler who serves as Senior Vice President and manages the brokerage’s day-to-day operations.

The St. Joe Company (NYSEJOE) (“Company”) releases the fall/winter issue of Watersound Lifestyle, the Watersound Club member magazine.

Minto Communities USA (“Minto”), The St. Joe Company (NYSEJOE) (“St. Joe”), and Margaritaville Holdings (Margaritaville) announce that Latitude Margaritaville Watersound has sold its 2,000th home. Latitude Margaritaville Watersound, an active adult community for those 55 and better, opened in May 2021. Plans call for approximately 3,500 homes in the community’s first phase, and additional phases are anticipated.

The St. Joe Company (NYSEJOE) (the “Company,” “We,” or “Our”) today reports third quarter and first nine months of 2024 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces the opening of the new Starbucks at Watersound Town Center, St. Joe’s open-air lifestyle center at the entrance to the Watersound Origins® community in Inlet Beach, Florida.

Latitude Margaritaville Watersound development partners have announced that Latitude Margaritaville Watersound has again been named among the top 50 master-planned communities in the U.S. on the RCLCO Real Estate Consulting mid-2024 listing. Latitude Margaritaville Watersound is being developed in a dynamic partnership between The St. Joe Company (NYSEJOE) (“St. Joe”) and master developer Minto Communities USA (“Minto”), under licensing from global lifestyle brand Margaritaville Holdings.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces new homebuilder relationships with Holiday Builders and Harris Doyle Homes. With the addition of these regional homebuilders, St. Joe’s builder program now includes 19 builders within its residential portfolio of 16 active communities throughout Northwest Florida.

The St. Joe Company (NYSEJOE) (“St. Joe” or “The Company”) recently released its second quarter 2024 results, which showed record-breaking performance for its hospitality segment. Hospitality revenue increased by 38% to $62.3 million in the second quarter of 2024 as compared to $45.1 million in the second quarter of 2023. Similarly, gross margin for the hospitality segment increased to 39.2% for the second quarter of 2024 as compared to 26.2% for the same period in 2023. St. Joe attributes these results to several factors including new property openings in 2023, enhanced operational efficiencies at existing properties and continued increased visitation to Northwest Florida.

The St. Joe Company (NYSEJOE) (the “Company,” “We,” or “Our”) today reports second quarter and first half 2024 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) and Tallahassee Memorial HealthCare (TMH) proudly announce the opening of the first building at the FSU/TMH Medical Campus in Panama City Beach, Florida. TMH Urgent Care and TMH Physician Partners - Primary Care opened to patients in the newly constructed medical office building located at 1002 N. Arnold Road (Highway 79). The building is the first of several planned for the 87-acre campus being jointly planned and developed by St. Joe, TMH and Florida State University (FSU).

Latitude Margaritaville Watersound development partners have announced that construction is underway on additional amenities at the community’s Latitude Town Square. Latitude Margaritaville Watersound is being developed in a dynamic partnership between The St. Joe Company (NYSEJOE) (“St. Joe”) and master developer Minto Communities USA (“Minto”), under licensing from global lifestyle brand Margaritaville Holdings.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces plans by the Berkowitz Contemporary Foundation, an arts-supporting non-profit organization, for the Longleaf Art Park at the Watersound Origins community. The park, which is currently under development off Origins Parkway, is planned for 15.5 acres and will be open to the public once complete. Day-to-day operations will be managed by the Cultural Arts Alliance of Walton County.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces the opening of several restaurant, retail and office tenants at Watersound Town Center, St. Joe’s open-air lifestyle center at the entrance to the Watersound Origins® community in Inlet Beach, Florida.

The St. Joe Company (NYSEJOE) (“St. Joe”) concluded its 2024 Annual Meeting of Shareholders and released a video featuring many of its residential, commercial and hospitality assets in Northwest Florida. The video was shown at the meeting on May 14, 2024, in Inlet Beach, Florida as a preview of a two-day market tour that followed the meeting. During the tour shareholders had the opportunity to visit many of the assets featured in the video.

The St. Joe Company (NYSEJOE) (“St. Joe”) releases the spring/summer issue of Watersound Lifestyle, the Watersound Club member magazine.

The St. Joe Company (NYSEJOE) (the “Company,” “We,” or “Our”) today reports first quarter 2024 results.

The St. Joe Company (NYSEJOE) (“St. Joe” or the “Company”) announces it has been recognized as the “Multi-Brand Developer of the Year” in the 2023 Hilton Americas Development Awards. The annual awards recognize the achievements of owners, development partners and hotel teams in the Americas across several categories. St. Joe was selected for this award in recognition of the opening of the Embassy Suites by Hilton Panama City Beach Resort and the Home2 Suites by Hilton Santa Rosa Beach in 2023.

The St. Joe Company (NYSEJOE) (“St. Joe”) and InterMountain Management, LLC (“InterMountain”) announce the opening of the 121-suite Residence Inn by Marriott Panama City Beach Pier Park (“Residence Inn”). The hotel is located at 15900 Panama City Beach Parkway, Panama City Beach, FL 32413 in the popular Pier Park® shopping and entertainment district.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects currently under construction and projects completed in 2023. The video includes footage taken on or around January 1, 2024.

The St. Joe Company (NYSEJOE) (the “Company”) today reported fourth quarter and full year 2023 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces a new builder relationship and the execution of a contract for homesites in Panama City Beach with Toll Brothers, Inc. NYSE: TOLNYSETOL)

The St. Joe Company (NYSEJOE) (“St. Joe” or the “Company”) announces record setting performance in 2023 with growth across all segments of the Company. St. Joe achieved all-time record activity in a number of key metrics in its residential, hospitality and commercial segments.

The St. Joe Company (NYSEJOE) (“St. Joe”) releases a new publication providing information on the Company’s vision, history and current operations. The publication includes details on St. Joe’s residential, commercial and hospitality developments and assets, as well as conservation efforts and land holdings.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces plans for a new Barnes & Noble bookstore to open in the Pier Park North retail center in Panama City Beach, Florida. Plans call for the bookstore to open in early spring of 2024. The new location showcases the highly lauded bookstore design seen in the most recent Barnes & Noble store openings, housing all the best books, toys, games and gifts that customers have come to expect from the nation’s premier bookseller.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces plans for a new Starbucks as well as additional retail, dining, medical and office tenants coming to Watersound Town Center, St. Joe’s open-air lifestyle center at the entrance to the Watersound Origins® community in Inlet Beach, Florida.

The St. Joe Company (NYSEJOE) (“St. Joe”) is excited to announce the construction of another world-class Watersound Club golf course. Watersound Club staff are working closely with Love Golf Design founders Davis Love III, Mark Love and Scot Sherman to bring the new course to life as an additional amenity for Watersound Club members. In homage to both the PGA great helping design the new golf course and the fact that it will be the third championship golf course in the Watersound Club collection, the new course will be named simply “The Third.”

Florida State University (“FSU”) announces $98.4 million in Triumph Gulf Coast funding for an aerospace and advanced manufacturing facility in Bay County, Florida within or near the Northwest Florida Beaches International Airport and the adjacent VentureCrossings Enterprise Centre. The facilities constructed as part of the project will be designed to accommodate both secure and open contract and grant work for the aerospace and defense industries. Triumph Gulf Coast will provide $98.4 million, and the university will invest another $65 million and commit to securing more than $230 million in contract and grant activity. “This is a monumental initiative that will transform research and development activities in Northwest Florida,” said FSU Vice President for Research Stacey Patterson. “This area is experiencing incredible growth, and there are tremendous opportunities for collaboration in manufacturing, aerospace and defense. We are excited to get started on this initiative and to work with all our partners in Northwest Florida to ensure its enduring impact.”

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around October 1, 2023.

The St. Joe Company (NYSEJOE) (the “Company”) today reports third quarter and first nine months of 2023 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) is releasing the fall/winter issue of “Watersound Lifestyle,” the Watersound Club member magazine.

The St. Joe Company (NYSEJOE) ("St. Joe") announces the completion of North Bay Landing, an apartment community located in Panama City, Florida on Star Avenue, approximately one mile from State Road 231. This 240-unit apartment community represents a significant addition to the city's rental housing market, and it is already over 90% leased.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around July 1, 2023.

The St. Joe Company (NYSEJOE) (the “Company”) today reports second quarter and first half 2023 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) today announces the opening of the 75-room Camp Creek Inn, a beautifully designed boutique inn situated on the grounds of St. Joe’s private membership club, Watersound® Club. The new inn is just minutes from the Gulf of Mexico and the iconic Scenic Highway 30A corridor, and offers guests access to the Watersound Club collection of golf, beach, dining and recreation amenities.

Watercrest Santa Rosa Beach has been recognized by U.S. News & World Report as a “Best Assisted Living Community” and “Best Memory Care Community” in the 2023-2024 Best Senior Living Communities Report. The assisted living community is a joint venture between The St. Joe Company (NYSEJOE) (“St. Joe”) and Watercrest Senior Living Group, LLC (“Watercrest”) and is located at 205 West Hewett Road in Santa Rosa Beach, Florida.

Latitude Margaritaville Watersound development partners have announced the opening of the community’s Latitude Town Square amenities. Latitude Margaritaville Watersound is located on Northwest Florida’s gorgeous Emerald Coast near Panama City Beach and the Scenic Highway 30A corridor and is being developed in a dynamic partnership between master developer Minto Communities USA (“Minto”), global lifestyle brand Margaritaville Holdings, and The St. Joe Company (NYSEJOE) (“St. Joe”).

The St. Joe Company (NYSEJOE) (“St. Joe”) and Hilton NYSE: HLTNYSEHLT)

The St. Joe Company (NYSEJOE) (“St. Joe”) today concluded its 2023 Annual Meeting of Shareholders and released a video featuring many of its residential, commercial and hospitality assets in Northwest Florida. The video was shown at the meeting on May 16, 2023, in Panama City Beach, Florida as a preview of a driving tour that followed the meeting. During the driving tour shareholders had the opportunity to visit many of the assets featured in the video.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around April 1, 2023.

The St. Joe Company (NYSEJOE) (“St. Joe”), joint venture partner Key International, Inc. (“Key International”) and Hilton NYSE: HLTNYSEHLT)

The St. Joe Company (NYSEJOE) (the “Company,” “We,” or “Our”) today reports first quarter 2023 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) is releasing the spring/summer issue of “Watersound Lifestyle,” the Watersound Club member magazine.

Shareholders are invited to attend The St. Joe Company’s (NYSEJOE) (“St. Joe”) 2023 Annual Meeting of Shareholders starting at 9 a.m. Central Daylight Time (“CDT”) on May 16, 2023, at the newly constructed Embassy Suites by Hilton Panama City Beach Resort. Management will discuss the Company’s performance and answer shareholder questions after the scheduled business of the annual meeting. A project tour will depart at 1 p.m. CDT and resume at 8:30 a.m. CDT on May 17th. Each project tour session is scheduled for four hours. Space for the tour is limited and advanced registration is required. Please email JOE2023@joe.com to reserve your seat for the tour or to request additional details regarding the tour.

The St. Joe Company (NYSEJOE) (“St. Joe”) anticipates completing and opening five new hotels in the first half of 2023. These hotels include The Lodge 30A, an 85-room boutique hotel located on Scenic Highway 30A that opened in February. Over the next four months the Company anticipates opening the 255-suite Embassy Suites by Hilton Panama City Beach Resort; the waterfront 124-room Hotel Indigo Panama City Marina; the 107-room Home2 Suites by Hilton Santa Rosa Beach; and Camp Creek Inn, a 75-room boutique hotel overlooking Camp Creek golf course. Once complete, these properties will more than double the number of available hotel rooms in St. Joe’s portfolio, from 531 to 1,177 rooms.

The St. Joe Company (NYSEJOE) (the “Company”) today reported fourth quarter and full year 2022 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around January 1, 2023.

The St. Joe Company (NYSEJOE) (“St. Joe”), Florida State University (“FSU”) and Tallahassee Memorial HealthCare (“TMH”) celebrated the construction kickoff Tuesday, January 17, 2023 of a health care campus in Panama City Beach that will bring together clinicians, researchers and students to better serve the medical needs of the Florida Panhandle.

Minto Communities USA (“Minto”) and The St. Joe Company (NYSEJOE) (“St. Joe”) announce that Latitude Margaritaville Watersound, located on Northwest Florida’s Emerald Coast, sold its 1,000th home in December 2022. In addition, homeowners soon will enjoy the four pillars of Latitude Margaritaville — fun, food, music and escapism — to the fullest with the grand opening of the Latitude Town Center this spring. Latitude Margaritaville Watersound opened to a resounding response from home buyers in May 2021, and reached the 1,000th home sale just 19 months later.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces that it recently closed on three strategic real estate transactions and provides an update on projects that are scheduled to open in 2023.

The St. Joe Company (NYSEJOE) (the “Company”) today reported third quarter and nine months to date 2022 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around October 1, 2022.

The St. Joe Company (NYSEJOE) (“St. Joe”) is releasing the fall/winter issue of “Watersound Lifestyle,” the Watersound Club member magazine.

The St. Joe Company (NYSEJOE) (“St. Joe”) and InterMountain Management, LLC (“InterMountain”) announced the commencement of construction on a new hotel in Panama City Beach, Florida.

The St. Joe Company (NYSEJOE) (the “Company”) today reports second quarter and first half 2022 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around July 1, 2022.

The St. Joe Company (NYSEJOE) (the “Company”) today reports first quarter 2022 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) releases the spring/summer issue of “Watersound Lifestyle,” the Watersound Club member magazine.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage taken on or around April 1, 2022.

The St. Joe Company (NYSEJOE) (“St. Joe”) releases its 2021 letter to shareholders and Annual Report on the company’s website at ir.joe.com.

The St. Joe Company (NYSEJOE) (the “Company”) today announced fourth quarter and full year 2021 results.

The St. Joe Company (NYSEJOE) (“St. Joe”) and Electric Cart Company, LLC announce a joint venture to bring golf cart and low speed vehicle (“LSV”) sales to two of St. Joe’s lifestyle shopping centers. Plans call for a sales and service location at Watersound® West Bay Center adjacent to the Latitude Margaritaville Watersound community in Panama City Beach, Florida and a sales showroom at Watersound® Town Center in Santa Rosa Beach, Florida.

The St. Joe Company (NYSEJOE) (“St. Joe”) today announces the commencement of development of the Ward Creek community, a new residential project in Panama City Beach, Florida. The community is planned for approximately 1,600 residential homesites to include a mix of single-family homes and townhomes.

The St. Joe Company (NYSEJOE) (“St. Joe”) today announces commencement of development of a new 216-unit apartment community to be a part of its larger master planned community in Mexico Beach, Florida. Site work for the apartment community is underway on the west end of Mexico Beach near U.S. Highway 98 and the town’s public boat ramp. St. Joe is creating the planned apartment community with joint venture partner HomeCorp. These apartments will join a 42-unit townhome community currently under development in St. Joe’s master planned community which is planned for a total of 944 residences to include a mix of single-family homes and additional apartments and townhomes as well as a walkable commercial village.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage shot on or around January 1, 2022.

The St. Joe Company (NYSEJOE) (“St. Joe”) today announces commencement of development of Watersound West Bay Center, a lifestyle shopping center adjacent to the Latitude Margaritaville Watersound community in Panama City Beach, Florida. Plans call for the center, which has the potential to include approximately 350,000 square feet of leasable space at build out, to feature a mix of retail, restaurant, office and medical space.

The St. Joe Company (NYSEJOE) (“St. Joe”) today announced development progress on the Breakfast Point East community in Panama City Beach, Florida. This new community is planned for more than 700 homesites to be developed in multiple phases. Site work is currently underway on the community’s first phase which is planned for 235 homesites. This residential community is part of a larger mixed-use, planned development that is also approved for 440 multi-family units, 160,000 square feet of retail space, 75,000 square feet of office space and 750 hotel rooms. The development’s first hotel, a 131-room Homewood Suites by Hilton, is currently under construction and is anticipated to open in spring of 2022.

The St. Joe Company (NYSEJOE) (the “Company”) today announced revenue for the third quarter of 2021 increased by 28% to $53.9 million as compared to $42.0 million for the third quarter of 2020. The revenue growth includes a 44% increase in leasing revenue, a 31% increase in hospitality revenue and a 27% increase in real estate revenue. Operating income increased by 46% to $16.1 million for the three months ended September 30, 2021, as compared to $11.0 million for the three months ended September 30, 2020. Net income for the third quarter of 2021 increased by 94% to $15.2 million, or $0.26 per share, compared to net income of $7.8 million, or $0.13 per share, for the same period in 2020. For the nine months ended September 30, 2021, the Company’s net income increased by 67% to $42.6 million, or $0.72 per share, compared to net income of $25.4 million, or $0.43 per share, for the same period last year.

The St. Joe Company (NYSEJOE) (“St. Joe”) today releases a video showing progress on projects in development or under construction. The video includes footage shot on or around September 30, 2021.

The St. Joe Company (NYSEJOE) (“St. Joe”) announces the commencement of development of a new 554-acre master planned community in Mexico Beach, Florida. Site work has started on the first phase of the community which is planned for 42 townhomes. Future phases of the community are being planned to include additional townhomes, single-family homes, rental apartments and a walkable commercial village. The planned community is under development on the west end of Mexico Beach near U.S. Highway 98 and the town’s public boat ramp.

The St. Joe Company’s (NYSEJOE) (“St. Joe”) diverse portfolio of leasable space approaches 1 million square feet with new projects under construction and strong leasing activity on planned projects. This portfolio includes a multitude of asset types in Northwest Florida, primarily Bay and Walton Counties, that cater to both growing tourism and the permanent resident population.

The St. Joe Company (NYSEJOE) (“St. Joe”) releases the summer/fall issue of “Watersound Lifestyle,” the Watersound Club member magazine.

The St. Joe Company (NYSEJOE) (the “Company”) today announced revenue for the second quarter of 2021 increased by 100% to $72.2 million as compared to $36.1 million for the second quarter of 2020. The increase was broad-based with a 133% increase in real estate revenue, a 95% increase in hospitality revenue and a 31% increase in leasing revenue. Operating income increased by 177% to $30.7 million for the three months ended June 30, 2021 as compared to $11.1 million for the three months ended June 30, 2020. Net income increased by 26% to $24.2 million, or $0.41 per share, compared to net income of $19.2 million, or $0.33 per share, for the same period in 2020. The three months ended June 30, 2020 included a one-time after-tax gain of $11.6 million related to the transfer of land to the unconsolidated Latitude Margaritaville Watersound joint venture. For the six months ended June 30, 2021, the Company’s net income increased by 55% to $27.4 million, or $0.47 per share, compared to net income of $17.7 million, or $0.30 per share, for the same period last year.

The St. Joe Company (NYSEJOE) (“St. Joe”) today announces plans for a Home2 Suites by Hilton hotel in Santa Rosa Beach, Florida. St. Joe intends to build the hotel on its property near West Hewett Road just north of US Highway 98.