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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Leasing revenue $ 11,790 $ 8,822
Total revenue 72,991 64,871
Expenses:    
Corporate and other operating expenses 5,721 5,656
Depreciation, depletion and amortization 7,322 5,026
Total expenses 61,687 44,647
Operating income (loss) 11,304 20,224
Other income (expense):    
Investment income, net 2,921 2,300
Interest expense (6,209) (4,153)
Gain on contributions to unconsolidated joint ventures 530 482
Equity in income (loss) from unconsolidated joint ventures 3,663 (495)
Other income (expense), net 713 (369)
Total other (expense) income 1,618 (2,235)
Income before income taxes 12,922 17,989
Income tax expense (3,441) (4,536)
Net income 9,481 13,453
Net loss (income) attributable to non-controlling interest 909 (41)
Net income attributable to the Company $ 10,390 $ 13,412
NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY    
Basic (in dollars per share) $ 0.18 $ 0.23
Diluted (in dollars per share) $ 0.18 $ 0.23
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 58,309,093 58,882,549
Diluted (in shares) 58,309,093 58,886,931
Real Estate    
Revenue:    
Revenue $ 35,004 $ 36,774
Expenses:    
Cost of revenue 20,182 15,295
Hospitality    
Revenue:    
Revenue 24,499 16,321
Expenses:    
Cost of revenue 22,927 14,868
Leasing    
Expenses:    
Cost of revenue 5,372 3,652
Timber    
Revenue:    
Revenue 1,698 2,954
Expenses:    
Cost of revenue $ 163 $ 150