Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Summary of Significant Accounting Policies

Schedule of computation of basic and diluted earnings per share

	Three Months Ended March 31,
	2023		2022
	(Dollars in thousands except per share amounts)
Income
Net income attributable to the Company	$	10,390	$	13,412
Shares
Weighted average shares outstanding - basic		58,309,093		58,882,549
Incremental shares from restricted stock		—		4,382
Weighted average shares outstanding - diluted		58,309,093		58,886,931
Net income per share attributable to the Company
Basic income per share	$	0.18	$	0.23
Diluted income per share	$	0.18	$	0.23

Schedule of revenue disaggregated by segment, good or service and timing

	Three Months Ended March 31, 2023
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	28,025	$	—	$	5,914	$	1,065	$	35,004
Hospitality revenue		—		24,499		—		—		24,499
Leasing revenue		5		356		11,396		33		11,790
Timber revenue		—		—		1,698		—		1,698
Total revenue	$	28,030	$	24,855	$	19,008	$	1,098	$	72,991
Timing of Revenue Recognition:
Recognized at a point in time	$	28,025	$	17,401	$	7,612	$	1,065	$	54,103
Recognized over time		—		7,098		—		—		7,098
Over lease term		5		356		11,396		33		11,790
Total revenue	$	28,030	$	24,855	$	19,008	$	1,098	$	72,991

	Three Months Ended March 31, 2022
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	32,674	$	—	$	3,618	$	482	$	36,774
Hospitality revenue		—		16,227		94		—		16,321
Leasing revenue		41		11		8,730		40		8,822
Timber revenue		—		—		2,954		—		2,954
Total revenue	$	32,715	$	16,238	$	15,396	$	522	$	64,871
Timing of Revenue Recognition:
Recognized at a point in time	$	32,674	$	9,916	$	6,666	$	482	$	49,738
Recognized over time		—		6,311		—		—		6,311
Over lease term		41		11		8,730		40		8,822
Total revenue	$	32,715	$	16,238	$	15,396	$	522	$	64,871