The St. Joe Company is a Florida real estate development and operating company. The Company operates in five segments: residential real estate, commercial real estate, resorts, leisure and leasing operations, forestry, and rural land. Its residential real estate segment plans and develops mixed-use resort, primary and seasonal residential communities of various sizes, primarily on the Company's existing land. In the Company's commercial real estate segment the Company plans, develops, manages and sells real estate for commercial purposes. Its resorts, leisure and leasing operations segment includes recurring revenue streams from its resort and leisure businesses, and its leasing operations. The Company owns and operates forestry operations in the Southeastern United States. It traditionally sells parcels of varying sizes ranging from less than one acre to thousands of acres.