News Summary
The St. Joe Company announced a 16% revenue increase for the second quarter, emphasizing enhanced communication with shareholders. CEO Jorge Gonzalez noted that recurring revenue now represents 63% of total revenue, driven by record highs in leasing and hospitality sectors. The company’s shift towards real estate development, following divestiture from industrial assets, is underscored by its commitment to sustainable growth. The recent quarterly call marks an important step in transparency and investor engagement, positioning the firm for future success in Florida’s dynamic real estate market.
Panama City Beach, Florida – The St. Joe Company held its first quarterly conference call since 2014 on July 24, 2025, revealing a 16% increase in revenue for the second quarter of 2025 and a commitment to enhanced communication with shareholders. The company reported revenues of $129.1 million and earnings of $29.5 million, equating to a profit of 51 cents per share.
During the call, CEO Jorge Gonzalez highlighted significant advancements within the company, noting that recurring revenue has transformed its financial landscape, now accounting for 63% of total revenue. This indicates a shift in St. Joe’s business model, with leasing revenue climbing 11% and hospitality revenue increasing by 10%, both of which set quarterly records.
The move to engage more closely with investors comes after a strategic shift for the St. Joe Company, which refocused on real estate development after divesting from its industrial assets in the late 1990s. The firm, initially formed as a holding company for assets owned by Alfred I. duPont, has transformed significantly over the decades, moving its headquarters to Panama City Beach.
The company’s origins trace back to 1935 when it was tasked with managing duPont’s extensive assets, including approximately one million acres in the Florida Panhandle. Throughout its history, St. Joe has owned various businesses including a paper company, a sugar company, and a controlling share in the Florida East Coast Railway. Ed Ball, duPont’s brother-in-law, played a crucial role as CEO for many years during the company’s early days in Florida until his passing in 1981.
St. Joe began pivoting towards real estate in the mid-1990s, initially focusing on resort communities. This strategic change has expanded into the development of commercial and hospitality properties, with a focus on creating master plan residential communities. The company aims to establish a “virtuous circle of value creation” through its real estate endeavors.
Following the quarterly call, expectations of heightened visibility among Jacksonville investors have risen. The regional market is currently experiencing a flurry of activity with significant bank mergers. Pinnacle Financial Partners Inc. and Synovus Financial Corp. have announced a merger valued at $8.6 billion, and Colony Bankcorp Inc. has acquired TC Bancshares Inc. for $86.1 million. Additionally, Regency Centers Corp. has purchased five shopping centers in Southern California for $357 million, further showcasing the robust nature of the market.
In the transportation sector, Jacksonville-based CSX Corp. received an upgraded stock rating from Deutsche Bank, driven by favorable trends in service metrics. Furthermore, AM Best reaffirmed high ratings for Florida Blue, Jacksonville’s largest health insurer, citing strong financial performance.
Overall, St. Joe’s move towards greater transparency and investor engagement, alongside its noteworthy revenue growth, signals a promising future as the company continues to adapt and thrive within Florida’s dynamic economic landscape. As St. Joe forges ahead, its commitment to scalability and sustainable development is positioned to foster long-term value for shareholders and the community alike.
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Additional Resources
- Jax Daily Record: St. Joe Takes Step Toward Increased Visibility
- Business Wire: St. Joe Company Announces Q2 2025 Results
- WJHG: St. Joe Company Looking for Tenants
- Wikipedia: St. Joe Company
- Google Search: St. Joe Company
Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
