St. Joe Company

The St. Joe Company (NYSE: JOE) is a diversified real estate development, asset management and operating company whose assets and operations are concentrated in Northwest Florida. It holds significant residential and commercial land-use entitlements and pursues higher and better uses for its land. It reports three segments.

- **Real Estate:** sells residential homesites, townhomes and land to homebuilders and joint ventures, along with commercial, forestry and hospitality property sales. Its pipeline exceeds 23,000 homesites. Key communities include:
- the Latitude Margaritaville Watersound joint venture, planned for about 7,200 homes;
- the Havenry community, a PulteGroup master-planned community in the Pigeon Creek DSAP;
- SouthWood;
- Watersound Villas on the Fairway.
- **Hospitality:** as of September 30, 2026, includes 12 hotels with 1,298 operational rooms, owned directly or through joint ventures. It also includes the Watersound Club membership program (3,831 members, including Camp Creek Inn operations) and Watersound Weddings & Events.
- **Leasing:** about 1,148,000 square feet of commercial, office, retail, multi-family, self-storage and other space, 97% leased. Leasing is focused on the Watersound Town Center, the Watersound West Bay Center (planned for at least 500,000 square feet) and the FSU/TMH Medical Campus.

Unconsolidated joint ventures are a core part of the strategy and are not included in reported revenue. The company returns capital through a growing quarterly dividend and share repurchases. Updated Oct 28, 2026