Welcome to our dedicated page for St. Joe Company news (Ticker: JOE), a resource for investors and traders seeking the latest updates and insights on St. Joe Company stock.
The St. Joe Company (symbol: JOE) is a prominent Florida-based real estate developer and manager, holding extensive land assets primarily in Northwest Florida. With significant residential and commercial land-use entitlements, St. Joe Company is pivotal in shaping the future of this region.
The company's operations are segmented into three key areas:
- Residential: This segment focuses on planning and developing residential communities, selling homesites to homebuilders and retail consumers. St. Joe's developments cater to those looking to live, work, and play near the region's stunning white sand beaches.
- Hospitality: Featuring a private membership club (the Watersound Club), this segment encompasses hotel operations, food and beverage services, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets.
- Commercial: This segment includes leasing commercial properties, multi-family and senior living facilities, self-storage, and other assets. It also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
In addition to real estate development, St. Joe Company manages timber operations on thousands of acres and offers certain rural acreage for sale. The company's strategic vision for Northwest Florida aims to create long-term value for shareholders by driving regional economic growth through commercial and industrial developments.
Recent Achievements: The St. Joe Company has made notable strides in enhancing its portfolio and expanding its influence in the real estate market. Recent projects and partnerships reflect a commitment to growth and innovation, further solidifying its role in the region's development.
Financially, St. Joe Company maintains a robust and stable condition, leveraging its vast real estate assets and diversified operations to generate consistent revenue streams. The company's dedication to sustainable development and community building positions it as a key player in Florida's economic landscape.
Overall, The St. Joe Company’s combination of strategic land management, diversified operational segments, and a vision for sustainable growth makes it a cornerstone of Northwest Florida’s development.
Rhea-AI Summary
The St. Joe Company (NYSE: JOE) reported strong financial results for full year 2023, with revenue increasing by 54% to $389.2 million, operating income up by 48% to $90.7 million, and net income attributable to the Company rising by 10% to $77.7 million. The company invested $217.8 million into its business, focusing on creating long-term shareholder value. Joint ventures contributed $22.7 million in pre-tax income. Residential homesite sales reached a record high, and hospitality revenue saw significant growth. The Company's commitment to disciplined capital allocation positions it well for future growth.
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The St. Joe Company (JOE) announces a new partnership with Toll Brothers, Inc. (TOL) to develop luxury homes in Panama City Beach. Toll Brothers, a renowned builder, will bring their expertise to the Northwest Florida market, reflecting the high demand for luxury homes in the area.
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The St. Joe Company (JOE) announced record-setting performance in 2023, with growth in residential, hospitality, and commercial segments. The company achieved all-time record activity in key metrics, including residential sales, hospitality memberships, and commercial leases. St. Joe's diverse offerings across segments position it to capitalize on the growing migration and visitation to Northwest Florida.
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St. Joe Company (JOE) releases a new publication detailing its 88-year history, current operations, residential, commercial, and hospitality developments, conservation efforts, and land holdings. Jorge Gonzalez, President and CEO, emphasizes the company's evolution and its continued growth.
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The St. Joe Company (NYSE: JOE) announces plans for a new Barnes & Noble bookstore to open in the Pier Park North retail center in Panama City Beach, Florida. The new location is set to open in early spring of 2024 and will feature the highly lauded bookstore design seen in the most recent Barnes & Noble store openings. The Pier Park North retail center, owned by St. Joe and joint venture partner CASTO, is 100% leased and features approximately 320,000 square feet of leasable space. Barnes & Noble will join established businesses in Pier Park North, adding to the variety of options for shoppers.
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The St. Joe Company (NYSE: JOE) announces plans for a new Starbucks and additional retail, dining, medical, and office tenants coming to Watersound Town Center in Inlet Beach, Florida. The new Starbucks café is planned to open in 2024, along with several other tenants including Sweet Henrietta’s Bakery, Summer House Lifestyle, Halo Salon & Blowout Bar, Nigel’s Bananas, Friends 30A Burger Bar, and a new dental office by Reese Harrison, DMD. The center aims to provide quality options for visitors and is set to expand its appeal and tenant mix, making it a popular destination for shopping, dining, medical care, and professional services.
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The St. Joe Company (NYSE: JOE) is excited to announce the construction of a new world-class golf course, 'The Third,' in partnership with PGA legend Davis Love III and Love Golf Design. The course will be an 18-hole, Par 72 design with six sets of tees, offering golfers a range of distances from 4,900 to over 7,600 yards. The new course is part of Watersound Club's expansion projects in response to membership growth and strong demand for golf among members.
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Florida State University (FSU) Announces $98.4 Million Triumph Gulf Coast Funding for Aerospace and Advanced Manufacturing Facility in Bay County, Florida
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The St. Joe Company releases a video showcasing progress on projects in development or under construction.
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The St. Joe Company reports strong growth in Q3 2023 with a 57% increase in net income and a 76% increase in revenue. Real estate revenue grew by 131% and hospitality revenue grew by 63%. The company sold 254 homesites in Q3 2023 compared to 78 homesites in Q3 2022.
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FAQ
What is the current stock price of St. Joe Company (JOE)?
The current stock price of St. Joe Company (JOE) is $46.84 as of January 14, 2025.
What is the market cap of St. Joe Company (JOE)?
The market cap of St. Joe Company (JOE) is approximately 2.7B.
What is the primary business of The St. Joe Company?
The St. Joe Company is a real estate developer and manager, focusing on residential, commercial, and resort properties in Northwest Florida.
Where is The St. Joe Company's land primarily located?
The company's land is concentrated primarily in Northwest Florida.
What are the main segments of The St. Joe Company's operations?
The main segments are Residential, Hospitality, and Commercial.
What does the Residential segment of The St. Joe Company focus on?
The Residential segment plans and develops residential communities and sells homesites to homebuilders and retail consumers.
What services are included in the Hospitality segment?
The Hospitality segment includes a private membership club, hotel operations, food and beverage services, golf courses, beach clubs, retail outlets, vacation rentals, management services, marinas, and other entertainment assets.
What does the Commercial segment of The St. Joe Company include?
The Commercial segment includes leasing commercial properties, multi-family and senior living facilities, self-storage, and other assets. It also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
Does The St. Joe Company manage any timber operations?
Yes, the company manages timber operations on thousands of acres.
What is the strategic vision of The St. Joe Company for Northwest Florida?
The strategic vision is to create long-term value for shareholders by driving regional economic growth through commercial and industrial developments.
How does The St. Joe Company contribute to the local economy?
The St. Joe Company contributes by developing residential and commercial communities, creating jobs, and managing sustainable land and timber resources.
What recent achievements has The St. Joe Company made?
Recent achievements include enhancing its portfolio, expanding its market influence, and undertaking significant new projects and partnerships.
St. Joe Company
NYSE:JOE
JOE Rankings
JOE Stock Data
2.69B
58.23M
0.29%
86.77%
1.18%
Real Estate - Diversified
Land Subdividers & Developers (no Cemeteries)
United States of America
PANAMA CITY BEACH