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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Leasing revenue $ 50,836 $ 39,196 $ 27,081
Total revenue 389,285 252,321 266,996
Expenses:      
Cost of revenue 235,979 145,898 131,314
Corporate and other operating expenses 23,797 22,068 23,023
Depreciation, depletion and amortization 38,776 22,888 18,202
Total expenses 298,552 190,854 172,539
Operating income 90,733 61,467 94,457
Other income (expense):      
Investment income, net 13,282 9,862 7,254
Interest expense (30,618) (18,383) (15,854)
Gain on contributions to unconsolidated joint ventures 718 2,738 3,558
Equity in income (loss) from unconsolidated joint ventures 22,701 25,986 (865)
Other income, net 3,245 12,947 10,181
Total other income (expense), net 9,328 33,150 4,274
Income before income taxes 100,061 94,617 98,731
Income tax expense (26,009) (24,389) (24,982)
Net income 74,052 70,228 73,749
Net loss attributable to non-controlling interest 3,660 699 804
Net income attributable to the Company $ 77,712 $ 70,927 $ 74,553
NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY      
Basic (in dollars per share) $ 1.33 $ 1.21 $ 1.27
Diluted (in dollars per share) $ 1.33 $ 1.21 $ 1.27
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 58,312,878 58,720,050 58,882,549
Diluted (in shares) 58,324,254 58,721,338 58,882,549
Real Estate      
Revenue:      
Revenue $ 186,008 $ 115,865 $ 164,650
Expenses:      
Cost of revenue 87,966 50,791 61,380
Hospitality      
Revenue:      
Revenue 152,441 97,260 75,265
Expenses:      
Cost of revenue 122,185 77,518 58,314
Leasing      
Expenses:      
Cost of revenue $ 25,828 $ 17,589 $ 11,620