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    Webcast Participant's questions to St Joe Co (JOE) leadership

    Webcast Participant's questions to St Joe Co (JOE) leadership • Q2 2025

    Question

    A webcast participant raised questions about managing vehicle traffic, the timeline for the West Bay Bridge, the potential sale of the Pigeon Creek parcel to a single large builder, and the timing of the new FSU Health hospital.

    Answer

    President, CEO & Chairman Jorge Gonzalez emphasized that the company constantly plans for infrastructure years ahead with state and local partners. For the West Bay Bridge, he noted the alignment is chosen and the next step is engineering and permitting. He confirmed active discussions with a large builder interested in the entire Pigeon Creek DSAP. Regarding the FSU hospital, he said it will move forward quickly once FSU finalizes an operator agreement.

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    Webcast Participant's questions to St Joe Co (JOE) leadership • Q2 2025

    Question

    A Webcast Participant asked about capital allocation and financial strategy, questioning if the company could sustain returning nearly $100 million annually to shareholders and how it plans to address the discrepancy between its market cap and NAV.

    Answer

    President, CEO & Chairman Jorge Gonzalez responded that capital allocation decisions are made daily based on micro and macro conditions and share price, so he could not commit to a specific annual return figure. Regarding the market cap versus NAV, Gonzalez emphasized that management's focus is on executing its strategy to grow the company profitably and create long-term shareholder value, rather than on the valuation gap itself.

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