Welcome to our dedicated page for St Joe news (Ticker: JOE), a resource for investors and traders seeking the latest updates and insights on St Joe stock.
St. Joe Co (JOE) is a leading real estate developer and asset manager focused on Northwest Florida's growth through residential communities, hospitality ventures, and commercial properties. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry observers will find timely updates on earnings reports, strategic partnerships, project milestones, and regulatory filings. The curated news collection provides insights into JOE's operational priorities across its core segments: residential land sales, resort management, and commercial leasing activities.
Key updates include community development progress, hospitality expansions, land entitlement approvals, and financial performance metrics. All content is sourced directly from verified company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to St. Joe Co's latest business developments. Regularly updated to reflect new announcements, this resource supports informed analysis of JOE's position in Florida's dynamic real estate market.
The St. Joe Company (NYSE: JOE) has released the fall/winter issue of the "Watersound Lifestyle" magazine. This biannual publication highlights club amenities and community stories. Key features include upcoming high-profile golf tournaments at Watersound Club, the launch of the Point South Marina brand, and plans for a new golf course at the club. The magazine aims to enhance member engagement and provide golf tips from the Camp Creek Performance Center's director of instruction. It emphasizes St. Joe's focus on real estate development in Northwest Florida.
Watersound Town Center in Florida is expanding with new tenants, enhancing its appeal as a lifestyle destination. Ambrosia Prime Seafood & Steaks opened as the first restaurant, alongside medical offices such as Ascension Sacred Heart and Dermatology Specialists. Upcoming tenants include Publix Super Market and Capital City Bank, with further dining options like Seagrove Village Market and Marco’s Pizza on the horizon. The center prioritizes walkable designs and community spaces, making it a key development in the area.
The St. Joe Company (NYSE: JOE) and InterMountain Management, LLC have initiated construction on a new hotel in Panama City Beach, Florida. This joint venture will develop a 121-suite Residence Inn by Marriott in the Pier Park area, targeting both leisure and business travelers. The hotel will feature full kitchens, a conference room, pool, and fitness center. This marks the 12th hotel in St. Joe’s portfolio, adding to their operational capacity of 1,298 hotel rooms. Sitework has commenced with an expected completion date in 2024.
The St. Joe Company (NYSE: JOE) reported a 6% decline in quarterly revenue to $68.2 million, down from $72.2 million in 2021. Despite a 30% drop in net income to $17 million, the company saw leasing revenue rise 45% to $9.3 million and hospitality revenue increase 31% to $29.6 million. Homesite sales volume grew 34% to 231 units. Cash provided by operating activities fell 75% to $9.2 million due to increased investments in homesite development. A cash dividend of $0.10 per share was declared, payable on September 9, 2022.
The St. Joe Company (NYSE: JOE) has released a new video showcasing the progress of its ongoing development projects as of July 1, 2022. The video highlights key developments in residential, hospitality, and commercial sectors in Northwest Florida. The company emphasizes its commitment to maximizing the value of its real estate assets through strategic planning and execution. The release also includes forward-looking statements pertaining to project completion and market demand, reinforcing the company's proactive approach in real estate development.
The St. Joe Company (NYSE: JOE) reported a robust first quarter of 2022 with revenue soaring by 57% to $64.9 million compared to $41.3 million in 2021. Net income surged 319% to $13.4 million, or $0.23 per share. Significant growth was noted across real estate (up 75%), leasing (up 57%), and hospitality (up 24%). The Board of Directors declared a $0.10 per share dividend payable on June 9, 2022. The company has a record backlog with 2,294 homesites under contract, projected to yield over $400 million in sales. Despite supply chain issues, demand remains strong.
The St. Joe Company (NYSE: JOE) has released the spring/summer edition of its biannual magazine, 'Watersound Lifestyle,' for Watersound Club members. This issue highlights new dining venues and amenities, provides golf and tennis tips, and showcases an engaging story of a member who contributed to the Atlanta Braves' World Series victory. The magazine serves to inform members about exclusive upcoming events and community updates, enhancing the overall club experience.
Forward-looking statements are included, emphasizing development plans and the importance of reviewing risk factors in SEC filings.
The St. Joe Company (NYSE: JOE) has released a video showcasing progress on various development projects as of April 1, 2022. This highlights the company's ongoing efforts in real estate development across Northwest Florida, focusing on residential, hospitality, and commercial ventures. The video emphasizes St. Joe's strategic approach to utilizing its significant land-use entitlements. Investors are reminded that the video contains forward-looking statements, which are subject to risks detailed in the company’s SEC filings.
The St. Joe Company (NYSE: JOE) has released its 2021 letter to shareholders and Annual Report, now available on its website. The company is focused on real estate development, asset management, and operating ventures in Northwest Florida. With significant land-use entitlements, St. Joe aims to maximize the use of its assets for residential, hospitality, and commercial projects. For more information, visit ir.joe.com.
The St. Joe Company (NYSE: JOE) reported significant financial growth for 2021, with revenue increasing 66% to $267 million and net income rising 65% to $74.5 million. The fourth quarter saw revenue grow 56% to $99.5 million, driven by a 70% increase in leasing revenue. The company declared a cash dividend of $0.10 per share, a 25% increase from the previous dividend, payable on March 29, 2022. Additionally, the company authorized $22.6 million in stock repurchases, raising total authority to $100 million. The results reflect effective management of corporate expenses, which decreased to 9% of revenue in 2021.
