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The St. Joe Company Reports Second Quarter 2021 Results and Declares a Quarterly Dividend of $0.08

The St. Joe Company Reports Second Quarter 2021 Results and Declares a Quarterly Dividend of $0.08
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The St. Joe Company Completes Construction of The Second Phase of Pier Park Crossings Apartment Community in Northwest Florida

PANAMA CITY BEACH, FL - The St. Joe Company announced the completion of the second phase of Pier Park Crossings, an apartment community in Panama City Beach, Florida. Along with joint venture partner HomeCorp, St. Joe began construction on the 120-unit phase in December 2019. The now completed 360-unit apartment community is approximately 93% leased. St. Joe has three additional apartment communities currently in various stages of construction.
Also in partnership with HomeCorp, St. Joe recently completed construction on four of the planned 13 buildings at Watersound Origins Crossings, a luxury apartment community near the Watersound Town Center. A significant number of the completed units have been leased and the companies anticipate completing the remaining buildings in phases this year, making those additional units available for lease as they are completed. ....

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The St. Joe Company Reports Fourth Quarter and Full Year 2020 Results and Increases Quarterly Dividend to $0.08

38.5%
As of December 31, 2020, the Company had under construction a 143-room Hilton Garden Inn hotel located near the Northwest Florida Beaches International Airport, a 75-room boutique inn and new The Clubs by JOE amenities at Watersound Camp Creek and a 131-room Homewood Suites hotel near the new Panama City Beach Sports Complex. In addition, the Company, with separate joint venture partners, has under construction a 255-room Embassy Suites hotel in the Pier Park area of Panama City Beach and an 85-room boutique hotel in Seagrove Beach. In December 2020, the Company announced the planned Hotel Indigo in Panama City’s downtown waterfront district. The Company intends to operate these new hotels. In addition, the Bay Point Marina and Port St. Joe Marina are in reconstruction and additional new marinas are in the planning process. ....

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