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.
The St. Joe Company (NYSE: JOE) is a diversified real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The JOE news feed highlights the company’s announcements about residential communities, hospitality properties and commercial developments across this region.
Readers can find updates on residential real estate activity, including homesite sales, townhome sales and progress within master-planned communities and joint ventures. St. Joe regularly reports on contracts for future homesites, its residential homesite pipeline and milestones at communities such as Latitude Margaritaville Watersound, Watersound Origins, Watersound Camp Creek, Breakfast Point East and Ward Creek neighborhoods.
The news stream also covers the company’s hospitality segment, where St. Joe discloses performance of its hotels, resorts and club operations. Releases describe occupancy trends, hospitality revenue records and events at properties in its portfolio, including activities for Watersound Club members and guests and seasonal demand at its hotels and resorts.
Investors and observers can follow commercial and mixed-use projects such as Watersound Town Center, Watersound West Bay Center and the Pier Park City Center development. St. Joe’s news items detail new tenant leases, openings of national and regional retailers, dining concepts, fitness studios and entertainment venues such as Topgolf, as well as plans for grocery-anchored centers and additional leasable space.
In addition, the JOE news page features financial results and corporate actions, including quarterly earnings releases, dividend declarations and information about capital allocation, joint ventures and sector plan approvals. For anyone tracking how St. Joe deploys its Northwest Florida land entitlements into residential, hospitality and commercial ventures, this news feed provides the company’s own narrative and data points over time.
The St. Joe Company (NYSE: JOE) reported its second quarter and first half 2024 results, highlighting mixed financial performance. Hospitality revenue surged 38% to $62.3 million, while leasing revenue grew 19% to $14.8 million. However, real estate revenue dropped 51% to $34.5 million, leading to a 13% decline in total revenue to $111.6 million. Net income for Q2 decreased to $24.5 million from $34.7 million in 2023.
For the first half of 2024, total revenue slightly decreased by 1% to $199.4 million. The company increased its quarterly dividend by 17% to $0.14 per share, effective in Q3. Despite revenue declines, the company emphasized growth in its hospitality and leasing sectors and continued development of over 22,500 homesites. EBITDA for Q2 fell to $49.2 million, an 18% drop from $59.7 million in 2023.
The St. Joe Company (NYSE: JOE) and Tallahassee Memorial HealthCare (TMH) have announced the opening of the first building at the FSU/TMH Medical Campus in Panama City Beach, Florida. The newly constructed medical office building houses TMH Urgent Care and TMH Physician Partners - Primary Care, now open to patients. This 87-acre campus is being jointly developed by St. Joe, TMH, and Florida State University.
Future plans include an ambulatory surgery center and cardiology services expected to be operational this fall, and a 100-bed hospital with an emergency center and other inpatient services, anticipated to be complete in 2027. The collaboration aims to create synergies between research, education, and clinical delivery, potentially impacting the entire Northwest Florida region.
Construction is underway on new amenities at Latitude Margaritaville Watersound's Latitude Town Square. Developed by The St. Joe Company (NYSE: JOE) and Minto Communities USA, under Margaritaville Holdings licensing, the community promises a vibrant lifestyle for 55+ home buyers. Located near Panama City Beach, Florida, the project's first phase will include 3,500 homes. New amenities feature a theater, workshop, pottery studio, pet spa, and additional sports courts. Existing facilities include a fitness center, restaurant, pool, and business center. St. Joe also plans a marina and healthcare campus nearby.
The St. Joe Company (NYSE: JOE) has announced the development of the Longleaf Art Park at the Watersound Origins community in partnership with the Berkowitz Contemporary Foundation. The 15.5-acre park, designed by OLI Architecture, will feature Richard Serra’s 540,000-pound sculpture, Passage of Time. Managed by the Cultural Arts Alliance of Walton County, the park will include an outdoor event space, meandering paths, and boardwalks. The park aims to blend seamlessly with its natural surroundings and is set to open in 2026. This initiative is expected to enhance the cultural landscape of Northwest Florida, creating lasting benefits for local artists, residents, and visitors.
The St. Joe Company (NYSE: JOE) has announced new tenant openings at the Watersound Town Center in Inlet Beach, Florida. New businesses include FedEx Office, friends 30A Burger Bar, Sweet Henrietta’s, Nigel’s Bananas, and Watersound Executive Suites. The center, already home to numerous tenants, is currently expanding with additional leasable space under construction. Future tenants include Starbucks, Electric Cart Watersound, and more. In 2023, several other businesses, such as Village Market and Fleet Feet, opened. The center now features approximately 138,000 square feet of leasable space, aiming to expand to 400,000 square feet.
The St. Joe Company (NYSE: JOE) held its 2024 Annual Meeting of Shareholders in Inlet Beach, Florida, on May 14, 2024. At the meeting, the company showcased a video featuring its residential, commercial, and hospitality assets in Northwest Florida. Following the meeting, shareholders participated in a two-day market tour to visit these assets. President and CEO Jorge Gonzalez emphasized the importance of shareholders experiencing the company's properties firsthand to understand their impact on financial performance and future outlook. St. Joe focuses on developing and managing real estate assets and operations, including significant residential and commercial land-use entitlements.
The St. Joe Company (NYSE: JOE) has released the spring/summer issue of Watersound Lifestyle, the Watersound Club member magazine. The magazine offers insights into club amenities and community stories, featuring new club amenities, Director of Golf Instruction Ben Blalock, and The Third golf course. Readers can access the magazine in print or online.
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