Revenues (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue disaggregated by revenue source

The following presents the Company’s revenues disaggregated by revenue source for the years ended December 31:

thousands	2022		2021		2020
Revenues from contracts with customers
Recognized at a point in time
Condominium rights and unit sales	$	677,078	$	514,597	$	1,143
Master Planned Communities land sales	316,065		346,217		233,044
Builder price participation	71,761		45,138		37,072
Total	1,064,904		905,952		271,259
Recognized at a point in time or over time
Other land, rental and property revenues	144,481		152,619		105,048
Rental and lease-related revenues
Rental revenue	399,103		369,330		323,182
Total revenues	$	1,608,488	$	1,427,901	$	699,489
Revenues by segment
Operating Assets revenues	$	431,834	$	442,698	$	372,057
Master Planned Communities revenues	408,365		409,746		283,953
Seaport revenues	88,468		55,008		23,814
Strategic Developments revenues	679,763		520,109		19,407
Corporate revenues	58		340		258
Total revenues	$	1,608,488	$	1,427,901	$	699,489

Contract with customer, assets and liabilities

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

thousands	Contract Liabilities
Balance as of December 31, 2020	$	360,416
Consideration earned during the period	(584,115)
Consideration received during the period	654,876
Balance as of December 31, 2021	$	431,177
Consideration earned during the period	(799,401)
Consideration received during the period	826,055
Balance as of December 31, 2022	$	457,831

Remaining performance obligation, expected timing of satisfaction

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

thousands	Less than 1 year			1-2 years		3 years and thereafter
Total remaining unsatisfied performance obligations		$	82,078	$	788,845		$	1,650,684