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 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.

Positive

• Showcases progress on multiple development projects.
• Focus on residential, hospitality, and commercial ventures.
• Strategic asset utilization aimed at maximizing value.

Negative

• Forward-looking statements carry inherent risks regarding project completion.
• Demand uncertainty for new projects could impact performance.

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 taken on or around July 1, 2022.

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, 2021 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.

©2022 The St Joe Company. “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/20220713005895/en/

St. Joe Investor Relations Contact:

Marek Bakun

Chief Financial Officer

1-866-417-7132

marek.bakun@joe.com

St. Joe Media Relations Contact:

David Demarest

Director of PR & Communications

1-850-213-5137

David.Demarest@StJoe.com

Source: The St. Joe Company

FAQ

What is St. Joe Company showcasing in their recent video release?

St. Joe Company is showcasing progress on ongoing development projects as of July 1, 2022.

How does St. Joe Company plan to utilize its real estate assets?

St. Joe Company intends to use existing assets for residential, hospitality, and commercial ventures.

What risks are associated with St. Joe Company's forward-looking statements?

The forward-looking statements may be affected by risks related to project completion and market demand.

Where can I view St. Joe Company's videos on development progress?

You can view St. Joe Company's videos on their official video gallery at www.joe.com/video-gallery.

What is the main focus of St. Joe Company's development projects?

The main focus includes enhancing residential, hospitality, and commercial sectors in Northwest Florida.