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The St. Joe Company (NYSE:JOE) ("St. Joe") is excited to share that Florida State University ("FSU") has announced plans to build a state-of-the-art acute care hospital in Panama City Beach under the "FSU Health" name to serve the residents of Bay and Walton counties. View the full release here: Florida State University News. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250326670399/en/A rendering of the planned FSU Health Hospital in Panama City Beach, Florida. "Access to quality healthcare is essential for the well-being of all residents in Northwest Florida," said Jorge Gonzalez, Chairman, President and CEO of St. Joe. "FSU
The St. Joe Company (NYSE:JOE) and its subsidiaries' ("St. Joe") residential communities in Walton County continue to grow alongside the local school district's rise in statewide school rankings. Walton County School District recently announced its recognition as No. 1 in education across the State of Florida by the Florida Policy Institute's 2025 Child Well-Being Index and No. 2 in high school graduation rate based on data released by the Florida Department of Education ("FDOE"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250313614078/en/Watersound Origins community in Walton County, Florida (Photo: Business Wire) "We are in
PANAMA CITY BEACH, Fla., March 12, 2025 (GLOBE NEWSWIRE) -- On Tuesday, March 11, Capital City Bank hosted a ribbon cutting to commemorate the opening of its new banking office located at 8403 West Bay Parkway at the entrance of the Latitude Margaritaville Watersound community. Attendees included leadership from Capital City Bank and The St. Joe Company, as well as several members of the Panama City Beach Chamber of Commerce and the Bay County Chamber of Commerce. "With the opening of our new office in Panama City Beach, we are strengthening our commitment to Bay County," said Stephen Stabler, Capital City Bank regional executive for the Emerald Coast of Florida. "The addition of our West
Highlights for the fourth quarter of 2024 compared to the fourth quarter of 2023: Quarterly net income attributable to the Company increased by 43% to $18.9 million from $13.2 million. Quarterly revenue increased by 20% to $104.3 million from $86.7 million. Real estate revenue increased by 23% to $46.5 million from $37.7 million. Homesite closings volume increased 82% to a single quarter record of 331 homesites from 182 homesites. Hospitality revenue increased by 19% to $42.2 million from $35.4 million. Leasing revenue increased by 15% to $15.6 million from $13.6 million. As of December 31, 2024, 95% of the 1,182,000 net rentable square feet were leased. In the fourth quar
Hospitality revenue increased by 17% for the third quarter of 2024 to $55.4 million from $47.4 million and increased 34% for the first nine months of 2024 to $157.0 million from $117.0 million. Hospitality gross margin increased to 34.1% in the third quarter of 2024 as compared to 23.8% in the third quarter of 2023 and increased to 33.3% for the first nine months of 2024 as compared to 21.0% for the first nine months of 2023. Leasing revenue increased by 19% for the third quarter of 2024 to $15.6 million from $13.1 million and increased 20% for the first nine months of 2024 to $44.7 million from $37.2 million. The leasable square feet increased by 9% to 1,179,000 square feet with the per
Hospitality revenue increased substantially above the prior Company quarterly record achieved in the third quarter of 2023. Hospitality gross margin increased to 39.2% in the second quarter of 2024 as compared to 26.2% in the second quarter of 2023. Hospitality revenue increased by 38%, leasing revenue increased by 19%, while real estate revenue decreased by 51% as compared to the second quarter 2023. Overall revenue in the quarter was $111.6 million as compared to $128.1 million in 2023. For the first six-months of 2024, total revenue decreased by 1% to $199.4 million from 2023 and net income attributable to the Company decreased to $38.4 million, as compared to $45.1 million in 202
The St. Joe Company (NYSE:JOE) ("St. Joe") launches a boutique real estate brokerage specializing in home sales along Northwest Florida's gulf coast. The new venture is led by industry veteran Diane Hausler who serves as Senior Vice President and manages the brokerage's day-to-day operations. "The time is right for St. Joe to open this brokerage, as the Northwest Florida housing market has grown and evolved into one of the most desirable places to own a home in the country, and Diane is the ideal fit to lead its operations," said Jorge Gonzalez, President and Chief Executive Officer of The St. Joe Company. "This new brokerage is consistent with St. Joe's strategy of growing ‘asset-light'
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