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St. Joe Company - JOE STOCK NEWS

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 significant progress in its workforce housing communities in Bay County, Florida, with additional homesite sales and new home builders. Since breaking ground in 2019, the communities of College Station, Titus Park, and Park Place have seen high demand, welcoming residents since 2020. St. Joe has developed and sold 239 homesites, with another 166 under contract. They plan a multi-phase development for nearly 2,000 homesites across over 700 acres, emphasizing continued interest from builders and buyers amid ongoing regional growth.

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The St. Joe Company (NYSE: JOE) and HomeCorp have launched a joint venture to form a new apartment management company. This venture will manage existing properties, including Watersound Origins Crossings and Pier Park Crossings, and additional projects in the pipeline. With a current portfolio of 1,117 units, 432 of which are leased, the partnership aims to enhance management and revenue capabilities. The company plans to further develop apartment communities, leveraging HomeCorp's expertise while it focuses on vertical integration for recurring revenue.

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The St. Joe Company (NYSE: JOE) has launched Watersound Closings & Escrow, providing title services in Northwest Florida to cater to the expanding real estate market. With operations in Panama City Beach and Santa Rosa Beach, the new venture aims to capitalize on local growth by partnering with realtors, lenders, and developers. This initiative follows the company's earlier venture, Watersound Insurance Agency, reinforcing its strategy for recurring revenue streams. St. Joe's management highlights successful early transactions and anticipates further growth in the region.

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The St. Joe Company (NYSE: JOE) reported a remarkable 122% increase in revenue for Q1 2021, reaching $41.3 million, up from $18.6 million in Q1 2020. Real estate revenue surged 262% to $21 million, while hospitality revenue rose 98% to $13.1 million. The company achieved a net income of $3.2 million or $0.05 per share, compared to a loss of ($1.5 million) in the previous year. A cash dividend of $0.08 per share was declared, payable on June 10, 2021.

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The St. Joe Company (NYSE: JOE) has released a video showcasing the progress of its development projects as of March 31, 2021. The video highlights ongoing construction activities and is accessible through their official link. It includes forward-looking statements indicating that the successful completion of these projects and market demand are subject to risk factors. St. Joe focuses on real estate development and asset management in Northwest Florida, holding notable residential and commercial land-use entitlements.

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The St. Joe Company (NYSE: JOE) has published its 2020 letter to shareholders and Annual Report on its website. The company focuses on real estate development and asset management in Northwest Florida, owning significant land with residential and commercial entitlements. Investors can find additional details about ongoing projects and company updates on St. Joe's website.

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The St. Joe Company (NYSE: JOE), Tallahassee Memorial HealthCare, and Florida State University College of Medicine plan to develop a health care campus in Panama City Beach, Florida, on an 87-acre site. Initial construction will include an ambulatory and urgent care center, followed by an Emergency Center and a 100-bed inpatient facility offering various medical services. Expected to create job opportunities and enhance local quality of life, the project is set to break ground as early as 2022, emphasizing the growing demand for health care in the region.

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The St. Joe Company (NYSE: JOE) partners with Minto Communities and Margaritaville Holdings to open the sales center for Latitude Margaritaville Watersound, featuring 13 model homes, from April 3-24. Due to high demand, appointments are necessary for tours, allowing participants to enter a drawing for the first sales release on May 1. Located in Northwest Florida, the community will have around 3,500 homes and various resort-style amenities, emphasizing an active adult lifestyle inspired by Jimmy Buffett’s themes. The community aims to attract buyers aged 55 and older.

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The St. Joe Company (NYSE: JOE) reported a 128% increase in fourth-quarter net income to $19.8 million, or $0.34 per share, compared to $8.7 million, or $0.15 per share, in Q4 2019. Total revenue rose 50% to $63.9 million, driven by a 65% jump in real estate revenue. For the full year, net income grew 69% to $45.2 million, with revenue up 26% to $160.5 million. The Board declared a $0.08 per share cash dividend, up 14% from December 2020, payable on March 30, 2021.

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The St. Joe Company (NYSE: JOE) has completed the second phase of Pier Park Crossings, a 120-unit apartment community in Panama City Beach, Florida, now 93% leased. Additionally, St. Joe is in partnership with HomeCorp for Watersound Origins Crossings and is constructing Sea Sound Apartments, a 300-unit community, in Panama City Beach. Plans for a 240-unit community near Star Avenue are also underway. The company aims to expand its portfolio to 1,117 units in Northwest Florida, capitalizing on increasing market demand for apartment living in the area.

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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)
Link
United States of America
PANAMA CITY BEACH