The St. Joe Company reports developments tied to its Northwest Florida real estate, hospitality and commercial leasing operations. The company plans and develops residential communities, sells homesites to builders and retail buyers, and manages land-use opportunities across its real estate holdings.
News for JOE commonly covers quarterly operating results, dividend declarations, builder relationships, Watersound-branded communities, hospitality assets such as hotels, golf, club and marina operations, and commercial projects that expand recurring leasing revenue. Updates also include Watersound Club communications, brokerage and title-related services, and recognition for properties within the company’s hospitality portfolio.
The St. Joe Company (NYSE: JOE) reported third-quarter 2026 net income of $36.9 million and raised its quarterly dividend. Earnings were $0.65 per share, versus $38.7 million, or $0.67 per share, a year earlier. Revenue fell 3% to $156.2 million, while operating income rose 16% to $61.5 million. The prior-year Watercrest property sale contributed $41.0 million in revenue and $19.4 million in gross profit.
Hospitality revenue rose 9% to $66.0 million. First-nine-month revenue increased 8% to $414.1 million, and net income rose 7% to $91.3 million. A land sale to the Latitude Margaritaville Watersound joint venture carries a $50.4 million contractual value, payable as homes sell. The company repurchased $64.9 million of stock during the first nine months. The quarterly dividend increased 13% to $0.18 per share, payable December 11, 2026, to holders of record November 12.
The St. Joe Company (NYSE: JOE) announced leadership appointments for its residential real estate business and Watersound Club operations. Scott Pjesky recently joined as Senior Vice President of Residential Real Estate, overseeing residential operations. Jennifer Ottmann will join at the end of October as Watersound Club Vice President, leading private membership club operations.
Pjesky brings more than 25 years of residential development and operations experience. Ottmann recently served as Vice President of Food and Beverage at The Boca Raton. St. Joe has 14 residential communities actively under development and more than 3,500 Watersound Club members.
The St. Joe Company (NYSE: JOE) provided a preliminary post-Hurricane Isaias update, with most Northwest Florida properties open for business. Power is restored across its properties, and all hotels and restaurants are open. Golf courses remain closed: The Third and Origins are expected to reopen Wednesday and Thursday, respectively; Camp Creek and Shark’s Tooth dates remain undetermined. Watersound Beach Club is operational except for beach access.
The St. Joe Company (NYSE: JOE) announced the launch of custom homesite sales at The Gallery, its newest Watersound community in Inlet Beach, Florida.
The planned gated development will contain 81 homesites, with an initial release of 35 homesites through competitive bidding. Founders List members receive early access on October 15, followed by public bidding on October 17. Buyers may use their preferred builder, subject to the community’s architectural guidelines. St. Joe attributes the bidding approach to early buyer interest.
St. Joe (JOE) reported year-over-year increases in occupancy and average daily rate across its 12 hotels and resorts during summer 2026. The comparison covers May 22–September 7, 2026, against May 23–September 8, 2025; both periods include Memorial Day and Labor Day weekends.
Guests came from all 50 states. Revenue and room nights increased from the Chicago and Oklahoma City metropolitan areas. Among markets with nonstop air service to the region, the New York metropolitan area was the fastest-growing feeder market for revenue and room nights.
The St. Joe Company (JOE) plans a second phase for the Latitude Margaritaville Watersound joint venture community that will add approximately 3,500 homes. This expansion follows a 27% year-to-date increase in 2026 home sales versus the same period in 2025 and 2,635 contracts out of the initial 3,700 planned homes. The new phase will bring the community to about 7,200 planned homes and include expanded resort-style amenities and updated financial terms that reflect higher regional and community value. St. Joe also highlights nearby projects, including the Watersound West Bay Center with at least 500,000 square feet of planned commercial space and a Publix under construction, and a growing healthcare campus with an FSU Health hospital under construction.
The St. Joe Company (JOE) has launched a new business, Watersound℠ Weddings & Events, to serve as a centralized planning resource for weddings and special events across its hospitality portfolio in Bay and Walton counties, Florida.
The business uses an asset-light model, leverages existing hotels, resorts and venues, and offers a single point of contact for venues, accommodations and related services. A physical storefront at Watersound Town Center in Inlet Beach is anticipated to open in early 2027, while services are already available online.
The St. Joe Company (JOE) reports that its former corporate headquarters now houses the Magnet Innovation Center, a Walton County School District public STEAM high school ranked #17 among Florida public high schools and #136 nationally in the 2026–2027 U.S. News & World Report Best High Schools list.
The school is among the highest-performing of approximately 27,000 eligible U.S. public high schools and 1,267 in Florida. St. Joe made the campus available seven years ago to support creation of the school, which opened through a partnership launched in 2019. The company presents the project as part of its long-term, community-focused investment strategy in Northwest Florida.
The St. Joe Company (NYSE: JOE) announced that premium lifestyle retailer Anthropologie has signed a lease for an approximately 9,000 square foot store at Watersound Town Center, which will include an Anthropologie Weddings bridal shop. St. Joe also reported the opening of Johnnie-O, a California-inspired men and boys apparel brand. Watersound Town Center currently has about 170,000 square feet of space that is approximately 98% leased, with plans to expand to around 400,000 square feet to meet continued demand.
The St. Joe Company (NYSE: JOE) released the latest issue of its Watersound Club member magazine, “Watersound Lifestyle”, highlighting the people, places and experiences of Northwest Florida. The issue features resident stories about community and connection across Watersound residential communities.
According to the company, the magazine also showcases Watersound Club offerings, including national-level sporting achievements, signature events such as Rhythm on the Range, amenity updates, and the expansion of the Watersound Beach Club gathering place, 30°60°. The publication is available in print and in a digital format. The release also reiterates that the magazine contains forward-looking statements related to the company’s development activities, subject to risks outlined in its SEC filings.