The St. Joe Company Releases a Video Showing Progress on Projects Currently in Development or Under Construction

Rhea-AI Summary

The St. Joe Company (NYSE: JOE) has released a new video showcasing progress on its ongoing development projects as of September 30, 2021. The video aims to provide insights into the company's construction activities and future plans. St. Joe is focused on maximizing existing assets for residential, hospitality, and commercial opportunities in Northwest Florida. The release emphasizes the potential demand for its projects but includes forward-looking statements that highlight risks associated with project completion and market demand. For more details, visit their video gallery.

Positive

• Showcases progress on ongoing projects, indicating continued development activity.
• Focuses on maximizing existing assets for diverse real estate opportunities.

Negative

• Forward-looking statements indicate uncertainty in project completion and market demand.

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)-- The St. Joe Company (NYSE: JOE) (“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.

Click here to view the video.

To view all of St. Joe’s videos, visit www.joe.com/video-gallery.

Important Notice Regarding Forward-Looking Statements

The video referenced in this press release contains “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the anticipated plans for the projects under construction described or depicted therein. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent current filings, as well as the following: (1) the ability of St. Joe, its affiliates or its joint ventures to successfully complete the projects and (2) the demand for such projects by prospective users, buyers and tenants.

About The St. Joe Company

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.

©The St Joe Company 2021. “St. Joe^®”, “JOE^®”, the “Taking Flight” Design^®, “St. Joe (and Taking Flight Design) ^®” are registered service marks of The St. Joe Company or its affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019006128/en/

St. Joe Investor Relations Contact:

Marek Bakun

Chief Financial Officer

1-866-417-7132

marek.bakun@joe.com

St. Joe Media Relations Contact:

Mike Kerrigan

Corporate Director of Marketing

1-850-374-7415

mike.kerrigan@joe.com

Source: The St. Joe Company

FAQ

What projects are currently being developed by The St. Joe Company (JOE)?

The St. Joe Company is showcasing its ongoing development projects in a recently released video.

When was the latest video showing progress on St. Joe's projects released?

The latest video was released on October 19, 2021, and depicts progress as of September 30, 2021.

What is the focus of St. Joe's development efforts?

St. Joe focuses on residential, hospitality, and commercial ventures in Northwest Florida.

Are there any risks associated with The St. Joe Company (JOE) projects?

Yes, the company has highlighted risks related to project completion and demand in its forward-looking statements.