The St. Joe Company (JOE) 8-K Supplemental Information For the Period Ending 6-30-03

Exhibit 99.1

Supplemental Information
For the Period Ending 6-30-03

Forward Looking Statement

     This document contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “anticipate”, “expect”, “estimate”, “intend”, “plan”, “goal”, “believe” or other words of similar meaning. All forward-looking statements, by their nature, are subject to risks and uncertainties. The Company’s actual future results may differ materially from those set forth in the Company’s forward-looking statements. In particular, discussions regarding (a) the size and number of commercial buildings and residential units; (b) development timetables, development approvals and the ability to obtain approvals; (c) anticipated price ranges of developments; (d) the number of units that can be supported upon full build-out; (e) absorption rates; and (f) expected gain on land sales are forward-looking statements. For further information about forward-looking statements, the reader should consult the disclosures contained in the periodic reports filed by the Company with the Securities and Exchange Commission and in the Company’s other written materials.

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Supplemental Information — St. Joe Commercial
For the Period Ending 6-30-03

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St. Joe Commercial
Land Positions Held for Investment
June 30, 2003
($ in thousands)

			Net		Entitled		Original
		Market	Acres		Sq. Ft.		Cost
Southeast
Glenlake		Atlanta, GA		9.8		700,000
Parkstone Plaza		Chantilly, VA		19.1		240,000
Oak Park at Westchase		Houston, TX		31.9		823,000
				60.8		1,763,000
Northeast Florida
Golfway Center		St. Augustine, FL		13.9		167,500
Southbank (Currington)		Jacksonville, FL		0.3		—
				14.2		167,500
Central Florida
Millenia Park		Orlando, FL		21.7		592,000
South Florida
Beacon Square at Boca		Boca Raton, FL		14.0		264,000
	Total			110.7		2,786,500	$	43,000

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St. Joe Commercial
Projects Under Development
June 30, 2003

Construction

��

Net Rentable

Completion

Stabilization

Market

Ownership %

Square Feet

Leased %

Date

Date

Northwest Florida

Bechrich Office Two

Panama City Beach, FL

100

%

35,000

0

%

3Q/03

3Q/04

SouthWood Village

Tallahassee, FL

0%

(a)

62,800

73

%

3Q/03

1Q/04

WaterColor Crossings

Walton County, FL

0%

(a)

43,200

67

%

4Q/03

2Q/04

Total

141,000

(a) Project presold; represents a third party project.

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St. Joe Commercial
Portfolio of Operating Properties
June 30, 2003
($ in thousands)

									Net
							# of		Rentable		Leased
	Date Acquired/		Market	Ownership %			Buildings		Sq. Ft.		Percentage
Investment Property Portfolio	Completed
Prestige Place	December-99		Clearwater, FL		100	%		2		143,000		83	%
Harbourside	December-99		Clearwater, FL		100	%		1		147,000		93	%
Lakeview	May-00		Tampa, FL		100	%		1		125,000		77	%
Palm Court	July-00		Tampa, FL		100	%		1		62,000		67	%
Westside Corporate Center	October-00		Plantation, FL		100	%		1		100,000		84	%
280 Interstate North	January-01		Atlanta, GA		100	%		1		126,000		67	%
Southhall Center	April-01		Orlando, FL		100	%		1		155,000		88	%
1133 20th Street, NW	September-01		Washington, DC		100	%		1		119,000		99	%
1750 K Street	December-01		Washington, DC		100	%		1		152,000		92	%
Millenia Park One	May-02		Orlando, FL		100	%		1		158,000		57	%
Beckrich Office One	October-02		Panama City Beach, FL		100	%		1		34,000		88	%
5660 New Northside	December-02		Atlanta, GA		100	%		1		275,000		89	%
SouthWood Office One	June-03		Tallahassee, FL		100	%		1		88,000		50	%
								14		1,684,000		81	%
Development Property Portfolio
TNT Logistics	February-02		Jacksonville, FL		100	%		1		99,000		77	%
245 Riverside			Jacksonville, FL		100	%		1		134,000		38	%
Alliance Bank Building		n/a	Orlando, FL		50	%		1		71,000		56	%
355 Alhambra	June-01		Coral Gables, FL		45	%		1		224,000		65	%
Deerfield Commons I	April-00		Atlanta, GA		40	%		1		122,000		76	%
Westchase Corporate Center	August-99		Houston, TX		93	%		1		184,000		92	%
								6		834,000		69	%
Total								20		2,518,000		77	%

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St. Joe Commercial
Portfolio of Operating Properties -
Leasing Expirations
June 30, 2003

										Lease Expirations
					Net
					Rentable		Leased																		2008 and
	Market	Ownership %			Sq. Ft.		Percentage			2003			2004			2005			2006			2007			Thereafter
Investment Property Portfolio
Prestige Place	Clearwater, FL		100	%		143,000		83	%		22,000			33,000			11,000			17,000			4,000			32,000
Harbourside	Clearwater, FL		100	%		147,000		93	%		3,000			38,000			16,000			8,000			23,000			49,000
Lakeview	Tampa, FL		100	%		125,000		77	%		1,000			7,000			13,000			3,000			5,000			68,000
Palm Court	Tampa, FL		100	%		62,000		67	%		4,000			—			—			23,000			—			13,000
Westside Corporate Center	Plantation, FL		100	%		100,000		84	%		11,000			10,000			29,000			22,000			6,000			6,000
280 Interstate North	Atlanta, GA		100	%		126,000		67	%		—			14,000			51,000			11,000			—			9,000
Southhall Center	Orlando, FL		100	%		155,000		88	%		68,000			21,000			17,000			3,000			7,000			21,000
1133 20th Street, NW	Washington, DC		100	%		119,000		99	%		—			5,000			8,000			89,000			15,000			—
1750 K Street	Washington, DC		100	%		152,000		92	%		17,000			—			—			3,000			6,000			114,000
Millenia Park One	Orlando, FL		100	%		158,000		57	%		—			—			35,000			10,000			16,000			30,000
Beckrich Office One	Panama City Beach, FL		100	%		34,000		88	%		—			—			—			—			25,000			5,000
5660 New Northside	Atlanta, GA		100	%		275,000		89	%		2,000			5,000			120,000			4,000			10,000			103,000
SouthWood Office One	Tallahassee, FL		100	%		88,000		50	%		—			—			—			—			—			44,000
						1,684,000		81	%		128,000			133,000			300,000			193,000			117,000			494,000
Development Property Portfolio
TNT Logistics	Jacksonville, FL		100	%		99,000		77	%		—			—			—			—			—			77,000
245 Riverside	Jacksonville, FL		100	%		134,000		38	%		—			—			—			—			—			51,000
Alliance Bank Building	Orlando, FL		50	%		71,000		56	%		19,000			3,000			8,000			9,000			—			—
355 Alhambra	Coral Gables, FL		45	%		224,000		65	%		—			—			—			55,000			40,000			51,000
Deerfield Commons I	Atlanta, GA		50	%		122,000		76	%		—			—			23,000			20,000			—			49,000
Westchase Corporate Center	Houston, TX		93	%		184,000		92	%		1,000			—			85,000			37,000			38,000			9,000
						834,000		69	%		20,000			3,000			116,000			121,000			78,000			237,000
Total						2,518,000		77	%		148,000			136,000			416,000			314,000			195,000			731,000
											8	%		7	%		21	%		16	%		10	%		38	%

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St. Joe Commercial
Portfolio of Operating Properties
June 30, 2003
($ in thousands)

							Net
		Number of					Rentable		Leased
	Market	Properties		Ownership %			Sq. Ft.		Percentage
Investment Property Portfolio
Tampa:
Prestige Place I & II	Clearwater, FL				100	%		143,000		83	%
Harbourside	Clearwater, FL				100	%		147,000		93	%
Lakeview	Tampa, FL				100	%		125,000		77	%
Palm Court	Tampa, FL				100	%		62,000		67	%
Total Tampa			5					477,000		83	%
Orlando:
Southhall Center	Orlando, FL				100	%		155,000		88	%
Millenia Park One	Orlando, FL				100	%		158,000		57	%
Total Orlando			2					313,000		72	%
Florida — Other:
Westside Corporate Center	Plantation, FL				100	%		100,000		84	%
SouthWood Office One	Tallahassee, FL				100	%		88,000		50	%
Beckrich Office One	Panama City Beach, FL				100	%		34,000		88	%
Total Florida — Other			3					222,000		71	%
TOTAL Florida			10					1,012,000		77	%
Atlanta:
280 Interstate North	Atlanta, GA				100	%		126,000		67	%
5660 New Northside	Atlanta, GA				100	%		275,000		89	%
Total Atlanta			2					401,000		82	%
Washington, DC:
1133 20th Street, NW	Washington, DC				100	%		119,000		99	%
1750 K Street	Washington, DC				100	%		152,000		92	%
Total Washington, DC			2					271,000		95	%
GRAND TOTAL INVESTMENT PROPERTIES			14					1,684,000		81	%

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Supplemental Information — Residential
For the Period Ending 6-30-03

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			Walton County										Bay County
St. Joe/Arvida Description of Communities			WaterColor		WaterSound Beach		WaterSound		East Lake Powell		Camp Creek Golf Club		Hammocks		Palmetto Trace
As of June 30, 2003
Year Sales Begin				2000		2001		2004		2005		2008		2000		2001
Year of Completion				2007		2006		2011		2008		2008		2007		2009
Acres In Community				499		256		1,443		181		1,028		143		138
Total Planned Units							Estimated		Entitled
	Arvida Built			327		200		409	for up to					354		523
	Retail Lots/Outside Builder			813		299		611		350 units	TBD			109		0
		Total		1,140		499		1,020						463		523
Sales, As Of June 30, 2003
	Arvida Built			137		79		0		0		0		126		130
	Retail Lots/Outside Builder			348		171		0		0		0		66		0
		Total		485		250		0		0		0		192		130
Remaining To Be Sold
	Arvida Built			190		121								228		393
	Retail Lots/Outside Builder			465		128	TBD		TBD		TBD			43		0
		Total		655		249								271		393
Contracts On Hand (unclosed)
	Arvida Built			20		79		0		0		0		30		54
	Retail Lots/Outside Builder			17		34		0		0		0		1		0
		Total		37		113		0		0		0		31		54
Arvida-Built House Pricing (In Thousands)			$	400-$1,000+	$	500-$1,000+	$	325-$520+	$	175-$400+			$	100-$180+	$	105-$200+
											TBD
Lot Pricing (In Thousands)			$	150-$1,000+	$	200-$1000+	$	85-$265+	$	100-$200+			$	30-$35
Amenities			Resort		Resort		Golf		Lake Amenity		36 Holes of Golf		Tot lots		Pool
			Beach Club		Beach Club		Tennis facility		Clubhouse		Clubhouse		Bike Paths
			Boat House		Tennis Facility		Aquatic facilities		Beach access
			Tennis Facility		Pedestrian Trails		Parks
			Parks		Parks		Beach access
			Pedestrian Trails				Pedestrian Trails

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			Gulf County						Capital Region
St. Joe/Arvida
Description of Communities			WindMark Beach, PH1		Mexico Beach		WindMark Beach, PH2		SouthWood		SummerCamp
As of June 30, 2003
Year Sales Begin				2001	TBD			2005		2000		2004
									After
Year of Completion				2003	TBD			2015		2017		2012
					Phase I
Acres In Community				80		160		2,000		3,770		782
										4,770
Total Planned Units							Estimated		Residential		Estimated
	Arvida Built			1				372	Units			253
	Retail Lots/Outside Builder			109	TBD			1,178	Per DRI			246
		Total		110				1,550				499
Sales, As Of June 30, 2003
	Arvida Built			0		0		0		327		0
	Retail Lots/Outside Builder			98		0		0		169		0
		Total		98		0		0		496		0
Remaining To Be Sold
	Arvida Built			1								253
	Retail Lots/Outside Builder			11	TBD		TBD		TBD			246
		Total		12								499
Contracts On Hand (unclosed)
	Arvida Built			0		0		0		125		0
	Retail Lots/Outside Builder			5		0		0		11		0
					��
		Total		5		0		0		136		0
Arvida-Built House Pricing (In Thousands)			$	950	TBD		$	315-$550+	$	115-$400+	$	310-$735+
Lot Pricing (In Thousands)			$	90-$900+	TBD		$	120-$700+	$	40-$150+	$	100-$600+
Amenities			Beach club		TBD		18 holes of golf		18 holes of golf		Beach club
			Community dock				Pedestrian trails		Pedestrian trails		Pedestrian trails
							Beach club		Aquatic facility
							Community dock		Tennis facility
							Tennis facility		Clubhouse (AA)
									Beach access

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			Jacksonville								Central Florida				MidAtlantic Operations
St. Joe/Arvida
Description of Communities As of			James Island		St. John’s G. & C.C.		RiverTown		Hampton Park		Victoria Park		Celebration		Including Saussy Burbank
June 30, 2003
Year Sales Begin				1999		2001		2000		2001		2001		2003		1999
												After
Year of Completion				2003		2006		2015		2005		2012		2007	Ongoing
Acres In Community				194		820		4,200		150		1,859		160		N/A
Total Planned Units							DRI
	Arvida Built			365		564	submitted			158	Over			572
	Retail Lots/Outside Builder			0		235	for 4,500			0		4,000		44		N/A
		Total		365		799	units			158	Per DRI			616
Sales, As Of June 30, 2003
	Arvida Built			349		308		0		92		228		0		277
	Retail Lots/Outside Builder			0		134		23		0		41		0		19
		Total		349		442		23		92		269		0		296
Remaining To Be Sold
	Arvida Built			16		256				66				572
	Retail Lots/Outside Builder			0		101	TBD			0	TBD			44		N/A
		Total		16		357				66				616
Contracts On Hand (unclosed)
	Arvida Built			22		84		0		39		89		0		157
	Retail Lots/Outside Builder			0		23		0		0		3		0		0
		Total		22		107		0		39		92		0		157
Arvida-Built House Pricing (In Thousands)			$	220-$400+	$	210-$400+	$	125-$325+	$	235-$400+	$	140-$250+	$	225-$370+	$	110-$380
Lot Pricing (In Thousands)					$	30-$90+	$	55-$400+			$	45-$80+	$	80-125+
Amenities			Tennis facility		18 holes of golf		18 holes of golf		Pool		18 holes of golf		Clubhouse		Varies By
			Pool		Clubhouse		Village Center		Tot lot		Golf Clubhouse		Swimming Pool		Community
			Sports fields		Aquatic facility		Pedestrian Trails				Clubhouse (AA)		Pedestrian trails
			Tot lot		Sports fields		Swim &				Aquatic facility
					Tot lots		Tennis Facility				Sports fields
							Riverfront Park				Village Center

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