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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Total revenues $ 13,852 $ 15,128 $ 36,708 $ 32,363
Costs and Expenses:        
Total expenses 13,465 13,383 35,338 29,361
Operating income 387 1,745 1,370 3,002
Other Income:        
Investment income 138 216 521 729
Other income 66 20 113 37
Total other income 204 236 634 766
Income from operations before equity in earnings of unconsolidated joint ventures 591 1,981 2,004 3,768
Equity in earnings of unconsolidated joint ventures, net 1,707 1,241 3,293 2,920
Income before income tax expense 2,298 3,222 5,297 6,688
Income tax expense 627 919 1,647 1,752
Net income 1,671 2,303 3,650 4,936
Net income (loss) attributable to non-controlling interest (81) 11 (89) (55)
Net income attributable to common stockholders 1,752 2,292 3,739 4,991
Net income per share attributable to common stockholders, basic, in dollars per share $ 0.09 $ 0.11 $ 0.18 $ 0.25
Net income per share attributable to common stockholders, diluted, in dollars per share $ 0.08 $ 0.11 $ 0.18 $ 0.25
Real estate - commercial/industrial
       
Revenues:        
Total revenues 2,572 2,842 8,067 8,389
Costs and Expenses:        
Total expenses 3,374 3,290 10,021 9,544
Other Income:        
Equity in earnings of unconsolidated joint ventures, net     3,328 2,972
Real estate- resort/residential
       
Revenues:        
Total revenues 199 410 786 881
Costs and Expenses:        
Total expenses 939 804 2,512 2,378
Mineral resources
       
Revenues:        
Total revenues 2,393 2,424 14,801 8,055
Costs and Expenses:        
Total expenses 505 329 5,932 908
Farming
       
Revenues:        
Total revenues 8,688 9,452 13,054 15,038
Costs and Expenses:        
Total expenses 5,715 6,224 8,585 9,660
Corporate expenses
       
Costs and Expenses:        
Total expenses $ 2,932 $ 2,736 $ 8,288 $ 6,871