St Joe Co (JOE) News & EventsJOESt Joe Co

St. Joe Company Updates on Florida Properties Recovery

The company states: "The St. Joe Company provided a preliminary update on its Northwest Florida properties following Hurricane Isaias. Power has been restored across the Company's properties, and all hospitality, business services and commercial properties are open for business, with the exception of the Company's golf courses, which are expected to begin reopening this week as cleanup efforts progress. All of the Company's hotels in Bay and Walton counties are open and accepting reservations, and all restaurants are open for business. At Camp Creek(R), Shark's Tooth, The Third and OriginsSM golf courses, crews have completed tree debris removal from greens and fairways, with efforts now focused on clearing fallen trees, primarily along cart paths. The Third and Origins golf courses are expected to reopen Wednesday and Thursday, respectively, while reopening dates for Camp Creek and Shark's Tooth courses will be determined as tree removal progresses. The Watersound Beach Club(R) amenity is completely operational with the exception of beach access due to storm-related erosion and impacts to the boardwalk, which crews are actively working to address."

St. Joe Company Reports Year-over-Year Growth in Hotel Occupancy and ADR

The St. Joe Company announced year-over-year growth in occupancy and average daily rate across its portfolio of 12 hotels and resorts in Bay and Walton counties during this year's summer travel season. "Our ability to grow occupancy while increasing ADR is encouraging and speaks to the quality of our portfolio and the high-level service and experiences our hospitality teams provide," said Jorge Gonzalez, St. Joe President, Chief Executive Officer and Chairman of the Board. "We have been intentional about investing in hospitality assets that offer differentiated experiences and appeal to a wide range of travelers and that strategy appears to be generating positive results for our hotel portfolio." These results came as the Company continued efforts to expand awareness of Northwest Florida and its hospitality offerings among travelers beyond the traditional drive market. Guests have traveled to the Company's hotels and resorts from all 50 states with Texas representing the top feeder state for the 30A hotel portfolio. Revenue and room nights increased from metropolitan areas outside of the Southeast, like Chicago and Oklahoma City. The New York metropolitan area emerged as the fastest growing feeder market in revenue and room nights among those with nonstop air service to the region.

St. Joe Company Expands Joint Venture with Minto Communities

The St. Joe Company "announces expansion of the joint venture with Minto Communities USA to continue growth of the Latitude Margaritaville Watersound residential community. Sales at Latitude Margaritaville Watersound increased in 2026 by 27% year to date, as compared to the same period in 2025, and reached 2,635 of the initial 3,700 planned homes. With increased demand and continued growth of the active adult community's initial phase, plans are moving forward for a second phase that will add approximately 3,500 homes and expand the community's resort-style amenities. This addition will bring the Latitude Margaritaville Watersound community to approximately 7,200 planned homes. The new phase also includes updated financial terms reflecting the increase in value of the region and the community. Located in Panama City Beach along State Road 79 near the Intracoastal Waterway and just minutes from Northwest Florida Beaches International Airport, Latitude Margaritaville Watersound is in the heart of the Bay-Walton Sector Plan, a master plan that is entitled for more than 170,000 residential units."