Revenues (Tables)

9 Months Ended

Sep. 30, 2022

The following presents the Company’s revenues disaggregated by revenue source:


	Three Months Ended September 30,				Nine Months Ended September 30,
thousands	2022		2021		2022		2021
Revenues from contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	418,645	$	163	$	459,681	$	50,191
Master Planned Communities land sales	52,585		56,305		199,032		152,124
Builder price participation	18,852		11,155		51,819		29,338
Total	490,082		67,623		710,532		231,653

Recognized at a point in time or over time:
Other land, rental and property revenues	52,550		56,350		119,870		120,982


Rental and lease-related revenues
Rental revenue	96,917		95,215		296,081		269,590




Total revenues	$	639,549	$	219,188	$	1,126,483	$	622,225

Revenues by segment
Operating Assets revenues	$	109,493	$	125,072	$	327,742	$	334,933
Master Planned Communities revenues	78,188		72,061		266,990		194,926
Seaport revenues	32,501		21,143		70,053		39,494
Strategic Developments revenues	419,353		809		461,655		52,575
Corporate revenues	14		103		43		297
Total revenues	$	639,549	$	219,188	$	1,126,483	$	622,225

The beginning and ending balances of contract liabilities and significant activity during the periods presented are as follows:


thousands	Contract Liabilities
Balance at December 31, 2021	$	431,177
Consideration earned during the period	(558,462)
Consideration received during the period	693,535
Balance at September 30, 2022	$	566,250

Balance at December 31, 2020	$	360,416
Consideration earned during the period	(95,847)
Consideration received during the period	351,677
Balance at September 30, 2021	$	616,246

The Company expects to recognize this amount as revenue over the following periods:


thousands	Less than 1 year			1 - 2 years		Thereafter
Total remaining unsatisfied performance obligations		$	375,697	$	791,321		$	1,022,572