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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Leasing revenue $ 27,081 $ 18,819 $ 15,581
Total revenue 266,996 160,555 127,085
Expenses:      
Cost of revenue 131,314 77,776 64,086
Corporate and other operating expenses 23,023 22,906 21,389
Depreciation, depletion and amortization 18,202 12,788 10,287
Total expenses 172,539 113,470 95,762
Operating income (loss) 94,457 47,085 31,323
Other income (expense):      
Investment income, net 7,254 4,983 10,714
Interest expense (15,854) (13,564) (12,302)
Gain on contribution to unconsolidated joint ventures 3,558 19,983 2,317
Other income, net 10,181 1,329 4,133
Total other income (expense) 5,139 12,731 4,862
Income before equity in loss from unconsolidated joint ventures and income taxes 99,596 59,816 36,185
Equity in (loss) income from unconsolidated joint ventures (865) (666) (77)
Income tax expense (24,982) (13,670) (9,447)
Net income (loss) 73,749 45,480 26,661
Net loss (income) attributable to non-controlling interest 804 (277) 114
Net income attributable to the Company $ 74,553 $ 45,203 $ 26,775
Basic and Diluted      
Weighted average shares outstanding, Basic 58,882,549 59,009,865 59,994,527
Weighted average shares outstanding, Diluted 58,882,549 59,009,865 59,994,527
Net income per share attributable to the Company, Basic (in dollars per share) $ 1.27 $ 0.77 $ 0.45
Net income per share attributable to the Company, Diluted (in dollars per share) $ 1.27 $ 0.77 $ 0.45
Real Estate      
Revenue:      
Revenue $ 158,629 $ 87,627 $ 61,488
Expenses:      
Cost of revenue 60,703 35,794 24,282
Hospitality      
Revenue:      
Revenue 75,265 47,778 46,112
Expenses:      
Cost of revenue 58,314 35,239 34,505
Leasing      
Expenses:      
Cost of revenue 11,620 5,934 4,650
Timber      
Revenue:      
Revenue 6,021 6,331 3,904
Expenses:      
Cost of revenue $ 677 $ 809 $ 649