exv99w1

Exhibit 99.1

Table 1
Residential Real Estate
Sales Activity
Three Months Ended December 31,
($ in millions)


	2010								2009
	Number								Number
	of Units				Cost of		Gross		of Units				Cost of		Gross
	Closed		Revenue		Sales⁽¹⁾		Profit		Closed		Revenue		Sales⁽¹⁾		Profit

Homesites		40	$	2.9	$	2.0	$	0.9		52	$	2.7	$	2.4	$	0.3
Homes ⁽²⁾		1		0.6		0.6		—		12		3.7		3.7		—

Total ⁽³⁾		41	$	3.5	$	2.6	$	0.9		64	$	6.4	$	6.1	$	0.3


⁽¹⁾		Cost of sales for homesites in the fourth quarter of 2010 consisted of $1.8 million in direct costs, $0.2 million in selling costs and less than 0.1 million in indirect costs. Cost of sales for homesites in the fourth quarter of 2009 consisted of $2.1 million in direct costs, $0.1 million in selling costs and $0.2 million in indirect costs. Cost of sales for homes in the fourth quarter of 2010 consisted of $0.5 million in direct costs, $0.1 million in selling costs and less than $0.1 million in indirect costs. Cost of sales for homes in the fourth quarter of 2009 consisted of $3.2 million in direct costs, $0.2 million in selling costs and $0.3 million in indirect costs.

⁽²⁾		Homes include single-family and multifamily units. Multifamily revenue is recognized, if preconditions are met, on a percentage-of-completion basis. As a consequence, revenue recognition and closings may occur in different periods.

⁽³⁾		Excludes homes and homesites sold as part of the Victoria Park bulk sale in December 2009.

Year Ended December 31,
($ in millions)


	2010								2009
	Number								Number
	of Units				Cost of		Gross		of Units				Cost of		Gross
	Closed		Revenue		Sales⁽¹⁾		Profit		Closed		Revenue		Sales⁽¹⁾		Profit

Homesites		83	$	7.5	$	5.4	$	2.1		80	$	6.5	$	4.6	$	1.9
Homes ⁽²⁾		2		1.0		0.9		0.1		84		24.8		24.0		0.8

Total ⁽³⁾		85	$	8.5	$	6.3	$	2.2		164	$	31.3	$	28.6	$	2.7


⁽¹⁾		Cost of sales for homesites for the year ended 2010 consisted of $4.0 million in direct costs, $1.0 million in selling costs and $0.4 million in indirect costs. Cost of sales for homesites for the year ended 2009 consisted of $3.9 million in direct costs, $0.2 million in selling costs and $0.5 million in indirect costs. Cost of sales for homes for the year ended 2010 consisted of $0.7 million in direct costs, $0.1 million in selling costs and $0.1 million in indirect costs. Cost of sales for homes for the year ended 2009 consisted of $18.8 million in direct costs, $1.7 million in selling costs and $3.5 million in indirect costs.

⁽²⁾		Homes include single-family and multifamily units. Multifamily revenue is recognized, if preconditions are met, on a percentage-of-completion basis. As a consequence, revenue recognition and closings may occur in different periods.

⁽³⁾		Excludes homes and homesites sold as part of the Victoria Park bulk sale in December 2009.

Table 2
Residential Real Estate Sales Activity
Three Months Ended December 31,
($ in thousands)


	2010										2009
	Units		Avg.					Avg.			Units		Avg.						Avg.
	Closed		Price			Accepted⁽¹⁾		Price			Closed		Price			Accepted⁽¹⁾			Price
Artisan Park ⁽²⁾
Multifamily Homes		—		—			—		—			6	$	217.8			6		$	217.8
Hawks Landing
Homesites		15	$	47.7			15	$	47.7			5	$	62.8			5		$	62.8
RiverCamps on Crooked Creek
Single-Family Homes		—		—			—		—			1	$	490.0			1		$	490.0
SouthWood
Homesites		12	$	52.1			12	$	52.1			—		—			—			—
SummerCamp
Homesites		1	$	59.0			1	$	59.0			—		—			—			—
Single-Family Homes		—		—			—		—			—		—			(1	)		499.9
Victoria Park ⁽³⁾
Homesites		—		—			—		—			41	$	39.0			1		$	75.0
Single-Family Homes		—		—			—		—			2	$	167.0			2		$	167.0
WaterColor
Homesites		5	$	113.3			5	$	113.3			2	$	94.7			2		$	94.7
WaterSound
Homesites		2	$	110.0			2	$	110.0			1	$	67.5			2		$	85.0
WaterSound West Beach
Homesites		5	$	143.9			8	$	139.9			—		—			—			—
Single-Family Homes		1	$	555.0			1	$	555.0			—		—			—			—
WindMark Beach
Homesites		—		—			—		—			3	$	162.3			2		$	197.2
Single-Family Homes		—		—			—		—			3	$	530.1			3		$	530.1

Total Homesites		40	$	72.6	⁽⁴⁾		43	$	76.9	⁽⁴⁾		52	$	51.1	⁽⁴⁾		12		$	95.2	⁽⁴⁾

Total Single/Multifamily Homes		1	$	555.0	⁽⁴⁾		1	$	555.0	⁽⁴⁾		12	$	310.1	⁽⁴⁾		11		$	292.8	⁽⁴⁾

Total		41	$	84.4			44	$	87.0			64	$	99.7			23		$	189.7


⁽¹⁾		Contracts accepted during the quarter. Contracts accepted and closed in the same quarter are also included as units closed.

⁽²⁾		St. Joe owns 74 percent of Artisan Park.

⁽³⁾		Excludes homes and homesites sold as part of the Victoria Park bulk sale in December 2009.

⁽⁴⁾		Average prices differ from quarter to quarter primarily because of the relative mix and location of sales.

Year Ended December 31,
($ in thousands)


	2010										2009
	Units		Avg.					Avg.			Units		Avg.					Avg.
	Closed		Price			Accepted⁽¹⁾		Price			Closed		Price			Accepted⁽¹⁾		Price
Artisan Park ⁽²⁾
Single-Family Homes		—		—			—		—			8	$	352.8			8	$	352.8
Multifamily Homes		—		—			—		—			32		227.4			32		227.4
Hawks Landing
Homesites		23	$	51.0			23	$	51.0			12	$	63.5			12	$	63.5
RiverCamps on Crooked Creek
Homesites		—		—			—		—			1	$	72.9			1	$	72.9
Single-Family Homes		—		—			—		—			2	$	470.0			2	$	470.0
RiverTown
Homesites		2	$	31.3			2	$	31.3			—		—			—		—
SouthWood
Homesites		17	$	56.9			17	$	56.9			—		—			—		—
St. Johns G & CC
Single-Family Homes		—		—			—		—			2	$	319.4			2	$	319.4
SummerCamp
Homesites		5	$	251.8			5	$	251.8			1	$	220.0			1	$	220.0
Single-Family Homes		1	$	450.0			1	$	450.0			—		—			—		—
Victoria Park ⁽³⁾
Homesites		—		—			—		—			43	$	39.7			3	$	61.1
Single-Family Homes		—		—			—		—			19	$	176.1			19	$	176.1
WaterColor
Homesites		19	$	106.7			20	$	106.3			10	$	135.9			10	$	135.9
Single-Family Homes		—		—			—		—			17	$	451.1			17	$	451.1
WaterSound
Homesites		3	$	107.5			2	$	110.0			3	$	84.0			4	$	88.6
Single-Family Homes		—		—			—		—			1	$	580.0			1	$	580.0
WaterSound Beach
Homesites		1	$	1,253.7			1	$	1,253.7			1	$	199.3			1	$	199.3
PRC Shares		—		—			—		—			—		—			—		—
WaterSound West Beach
Homesites		11	$	122.3			14	$	124.6			3	$	190.9			3	$	190.9
Single-Family Homes		1	$	555.0			1	$	555.0			—		—			—		—
WindMark Beach
Homesites		2	$	152.7			2	$	152.7			6	$	139.5			6	$	139.5
Single-Family Homes		—		—			—		—			3	$	530.1			3	$	530.1

Total Homesites		83	$	105.0	⁽⁴⁾		86	$	105.9	⁽⁴⁾		80	$	74.8	⁽⁴⁾		41	$	111.2	⁽⁴⁾

Total Single/Multifamily Homes		2	$	502.5	⁽⁴⁾		2	$	502.5	⁽⁴⁾		84	$	296.0	⁽⁴⁾		84	$	296.0	⁽⁴⁾

Total		85	$	114.4			88	$	115.0			164	$	188.1			125	$	235.4


⁽¹⁾		Contracts accepted during the quarter. Contracts accepted and closed in the same quarter are also included as units closed.

⁽²⁾		St. Joe owns 74 percent of Artisan Park.

⁽³⁾		Excludes homes and homesites sold as part of the Victoria Park bulk sale in December 2009.

⁽⁴⁾		Average prices differ from quarter to quarter primarily because of the relative mix and location of sales.

Table 3
Commercial Land Sales
Three Months Ended December 31,


	Number of Sales		Acres Sold		Gross Sales Price		Average Price/Acre
					(in thousands)		(in thousands)

2010		1		1.7	$	425	$	250
2009		5		23.4		4,519		193

Year Ended December 31,


	Number of Sales		Acres Sold		Gross Sales Price		Average Price/Acre
					(in thousands)		(in thousands)

2010		4		18	$	4,358	$	237
2009		8		29		6,589		227

Table 4
Rural Land Sales
Three Months Ended December 31,


	Number of Sales		Acres Sold		Gross Sales Price		Average Price/Acre
					(in thousands)

2010		6		266	$	1,471	$	5,520
2009		3		482		1,402		2,908

Also included in rural land sales in the fourth quarter of 2010 was $17.1 million of previously deferred revenue from a 2006 transaction with the Florida Department of Transportation.

Year Ended December 31,


	Number of Sales		Acres Sold		Gross Sales Price		Average Price/Acre
					(in thousands)

2010		13		606	$	2,969	$	4,897
2009		13		6,967		14,309		2,054

Also included in rural land sales for 2010 was $20.6 million of previously deferred revenue from a 2006 transaction with the Florida Department of Transportation, $1.4 million related to the sale of 21 mitigation bank credits, $0.4 million from an easement and $0.5 million of other previously deferred revenue.

Table 5
Quarterly Segment Pretax Income (Loss)
From Continuing Operations
($ in millions)


	Dec. 31,			Sept. 30,			June. 30,			Mar. 31,			Dec. 31,			Sept. 30,			June. 30,			Mar. 31,			Dec. 31,
	2010			2010			2010			2010			2009			2009			2009			2009			2008
Residential	$	(12.3	)	$	(16.5	)	$	(7.2	)	$	(11.3	)	$	(80.6	)	$	(19.7	)	$	(23.3	)	$	(14.2	)	$	(70.7	)
Commercial		(1.2	)		1.5			(1.3	)		(0.4	)		1.3			(0.5	)		(0.7	)		(0.6	)		(0.3	)
Rural Land sales		18.2			3.5			0.7			(0.3	)		0.9			(0.5	)		6.8			2.8			26.3
Forestry		1.9			0.8			2.2			1.4			1.3			1.2			1.1			1.1			0.8
Corporate and other		(8.0	)		(10.9	)		(9.2	)		(7.0	)		(8.8	)		(6.6	)		(57.8	)		(8.3	)		(4.6	)

Pretax income (loss) from continuing operations ⁽¹⁾	$	(1.4	)	$	(21.6	)	$	(14.8	)	$	(17.6	)	$	(85.9	)	$	(26.1	)	$	(73.9	)	$	(19.2	)	$	(48.5	)


⁽¹⁾		Includes one time charges as described in our SEC filings.

Table 6
Other Income (Expense)
($ in millions)


	Quarter Ended Dec. 31,						Year Ended Dec. 31,
	2010			2009			2010			2009

Dividend and interest income	$	0.2		$	0.5		$	1.5		$	2.7
Interest expense		(1.3	)		(0.8	)		(8.7	)		(1.2	)
Gain on sale of office buildings		0.1			0.2			0.5			0.7
Other		0.8			1.7			2.5			2.4
Retained interest in monetized installment notes		0.1			0.1			0.4			0.4
Fair value of standby guarantee		—			(0.8	)		—			(0.8	)

Total	$	(0.1	)	$	0.9		$	(3.8	)	$	4.2

Table 7
Discontinued Operations, Net of Tax
($ in millions)


	Quarter Ended Dec. 31,					Year Ended Dec. 31,
	2010		2009			2010		2009

Loss from operations of Victoria Hills Golf Club		—	$	(4.3	)		—	$	(4.6	)
Loss from operations of St. Johns Golf & Country Club		—		(2.1	)		—		(2.1	)
Loss from Sunshine State Cypress operations		—		—			—		(0.2	)

Total		—	$	(6.4	)		—	$	(6.9	)