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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Leasing revenue $ 4,963 $ 4,037 $ 14,169 $ 11,218
Total revenue 42,041 32,856 96,695 84,426
Expenses:        
Cost of leasing revenue 2,047 1,351 3,972 3,411
Other operating and corporate expenses 5,113 5,054 16,975 16,116
Depreciation, depletion and amortization 3,303 2,629 9,394 7,162
Total expenses 31,016 25,436 75,890 68,297
Operating income 11,025 7,420 20,805 16,129
Other income (expense):        
Investment income, net 2,405 2,371 2,851 10,952
Interest expense (3,379) (3,109) (10,113) (9,075)
Other income, net 267 2,147 20,276 7,126
Total other (expense) income, net (707) 1,409 13,014 9,003
Income before equity in loss from unconsolidated affiliates and income taxes 10,318 8,829 33,819 25,132
Equity in loss from unconsolidated affiliates (95)   (301)  
Income tax expense (2,441) (3,003) (7,852) (7,098)
Net income 7,782 5,826 25,666 18,034
Net (income) loss attributable to non-controlling interest (31) (109) (249) 53
Net income attributable to the Company $ 7,751 $ 5,717 $ 25,417 $ 18,087
Basic and Diluted        
Weighted average shares outstanding (in shares) 58,882,549 60,043,427 59,052,613 60,187,313
Net income per share attributable to the Company $ 0.13 $ 0.10 $ 0.43 $ 0.30
Real estate        
Revenue:        
Revenue $ 18,476 $ 13,490 $ 41,838 $ 33,634
Expenses:        
Cost of revenue 9,368 6,036 18,412 14,715
Hospitality        
Revenue:        
Revenue 17,005 14,003 35,180 36,994
Expenses:        
Cost of revenue 10,973 10,191 26,534 26,384
Timber        
Revenue:        
Revenue 1,597 1,326 5,508 2,580
Expenses:        
Cost of revenue $ 212 $ 175 $ 603 $ 509