Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Information

Schedule of Information by Business Segment

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Operating revenue:
Residential	$	35,509	$	15,050	$	126,946	$	70,774
Hospitality		47,999		29,047		118,466		74,654
Commercial		16,377		12,618		53,684		43,340
Other		1,505		861		3,451		1,929
Consolidated operating revenue	$	101,390	$	57,576	$	302,547	$	190,697
Income (loss) before income taxes:
Residential (a)	$	24,231	$	10,654	$	79,333	$	38,577
Hospitality		1,174		4,404		1,296		9,187
Commercial (b) (c)		653		2,291		7,128		12,444
Other (d)		(593)		(1,125)		(4,030)		(2,961)
Consolidated income before income taxes	$	25,465	$	16,224	$	83,727	$	57,247

(a) The three months ended September 30, 2023 and 2022, includes $8.8 million and $2.2 million, respectively, of equity in income from unconsolidated joint ventures related to the Latitude Margaritaville Watersound JV. The nine months ended September 30, 2023 and 2022, includes $18.6 million and $2.5 million, respectively, of equity in income from unconsolidated joint ventures related to the Latitude Margaritaville Watersound JV. See Note 4. Joint Ventures for additional information.

(b) The three and nine months ended September 30, 2022, include a gain of $1.4 million on land and impact fees contributed to the unconsolidated Pier Park RI JV. See Note 4. Joint Ventures and Note 16. Other Income, Net for additional information.

(c) The nine months ended September 30, 2022, include a gain of $0.4 million on land contributed to the unconsolidated Electric Cart Watersound JV. See Note 4. Joint Ventures and Note 16. Other Income, Net for additional information.

(d) The three and nine months ended September 30, 2022, include a gain on insurance recovery of $0.9 million and $4.2 million, respectively, related to Hurricane Michael. See Note 16. Other Income, Net for additional information.

	September 30,		December 31,
	2023		2022
Total assets:
Residential	$	234,802	$	225,854
Hospitality		478,357		425,529
Commercial		510,131		470,629
Other		318,816		308,827
Total assets	$	1,542,106	$	1,430,839