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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Leasing revenue $ 18,819 $ 15,581  
Leasing revenue     $ 13,727
Total revenue 160,555 127,085 110,276
Expenses:      
Cost of revenue 77,776 64,086 51,317
Other operating and corporate expenses 22,906 21,389 20,557
Depreciation, depletion and amortization 12,788 10,287 8,998
Total expenses 113,470 95,762 80,872
Operating income 47,085 31,323 29,404
Other income (expense):      
Investment income, net 4,983 10,714 12,150
Interest expense (13,564) (12,302) (11,840)
Gain on land contribution to equity method investment 19,983 2,317  
Other income, net 1,329 4,133 1,152
Total other income, net 12,731 4,862 1,462
Income before equity in loss from unconsolidated affiliates and income taxes 59,816 36,185 30,866
Equity in loss from unconsolidated affiliates (666) (77)  
Income tax (expense) benefit (13,670) (9,447) 736
Net income 45,480 26,661 31,602
Net (income) loss attributable to non-controlling interest (277) 114 767
Net income attributable to the Company $ 45,203 $ 26,775 $ 32,369
Basic and Diluted      
Weighted average shares outstanding (in shares) 59,009,865 59,994,527 62,725,954
Net income per share attributable to the Company $ 0.77 $ 0.45 $ 0.52
Real estate      
Revenue:      
Revenue $ 87,627 $ 61,488 $ 52,183
Expenses:      
Cost of revenue 35,794 24,282 13,442
Hospitality      
Revenue:      
Revenue 47,778 46,112 38,736
Expenses:      
Cost of revenue 35,239 34,505 32,465
Leasing      
Expenses:      
Cost of revenue 5,934 4,650 4,700
Timber      
Revenue:      
Revenue 6,331 3,904 5,630
Expenses:      
Cost of revenue $ 809 $ 649 $ 710