XML 111 R2.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Costs and Expenses:    
Total expenses $ 15,808 $ 12,108
Operating income (loss) 5,212 (1,054)
Other Income:    
Investment income 17 7
Other income, net 918 64
Total other income 935 71
Income (loss) from operations before equity in earnings of unconsolidated joint ventures 6,147 (983)
Equity in earnings (losses) of unconsolidated joint ventures, net 1,213 (59)
Income (loss) before income tax expense 7,360 (1,042)
Income tax expense 3,046 21
Net income (loss) 4,314 (1,063)
Net income (loss) attributable to non-controlling interest 7 (8)
Net income (loss) attributable to common stockholders $ 4,307 $ (1,055)
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.16 $ (0.04)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.16 $ (0.04)
Operating Segments    
Revenues:    
Total revenues $ 21,020 $ 11,054
Operating Segments | Real estate - commercial/industrial    
Revenues:    
Total revenues 7,349 2,228
Costs and Expenses:    
Total expenses 2,736 1,552
Other Income:    
Equity in earnings (losses) of unconsolidated joint ventures, net 1,213 (59)
Operating Segments | Real estate - resort/residential    
Costs and Expenses:    
Total expenses 423 553
Operating Segments | Mineral resources    
Revenues:    
Total revenues 11,968 7,176
Costs and Expenses:    
Total expenses 7,157 5,047
Operating income (loss) 4,811 2,129
Operating Segments | Farming    
Revenues:    
Total revenues 655 607
Costs and Expenses:    
Total expenses 1,762 1,478
Operating income (loss) (1,107) (871)
Operating Segments | Ranch operations    
Revenues:    
Total revenues 1,048 1,043
Costs and Expenses:    
Total expenses 1,315 1,187
Operating income (loss) (267) (144)
Corporate expenses    
Costs and Expenses:    
Total expenses $ 2,415 $ 2,291