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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Leasing revenue $ 6,371 $ 4,907 $ 11,966 $ 9,206
Total revenue 72,239 36,082 113,545 54,655
Expenses:        
Cost of leasing revenue 2,527 1,314 5,191 1,925
Other operating and corporate expenses 5,106 4,946 12,175 11,862
Depreciation, depletion and amortization 4,124 3,018 7,978 6,092
Total expenses 41,489 24,975 77,256 44,874
Operating income 30,750 11,107 36,289 9,781
Other income (expense):        
Investment income, net 1,287 2,055 2,482 446
Interest expense (3,854) (3,390) (7,525) (6,734)
Gain on contribution to equity method investment 3,169 15,338 3,290 19,616
Other income, net 972 139 2,266 393
Total other income, net 1,574 14,142 513 13,721
Income before equity in loss from unconsolidated affiliates and income taxes 32,324 25,249 36,802 23,502
Equity in loss from unconsolidated affiliates (601) (123) (1,070) (206)
Income tax expense (7,699) (5,907) (8,751) (5,412)
Net income 24,024 19,219 26,981 17,884
Net loss (income) attributable to non-controlling interest 200 (20) 439 (218)
Net income attributable to the Company $ 24,224 $ 19,199 $ 27,420 $ 17,666
Basic and Diluted        
Weighted average shares outstanding (in shares) 58,882,549 58,901,540 58,882,549 59,138,579
Net income per share attributable to the Company $ 0.41 $ 0.33 $ 0.47 $ 0.30
Real estate        
Revenue:        
Revenue $ 41,063 $ 17,555 $ 62,116 $ 23,362
Expenses:        
Cost of revenue 14,052 7,245 24,595 9,044
Hospitality        
Revenue:        
Revenue 22,627 11,565 35,694 18,176
Expenses:        
Cost of revenue 15,437 8,240 26,933 15,560
Timber        
Revenue:        
Revenue 2,178 2,055 3,769 3,911
Expenses:        
Cost of revenue $ 243 $ 212 $ 384 $ 391