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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Costs and expenses:      
Total expenses $ 65,488 $ 55,873 $ 44,577
Operating income (loss) 13,729 (260) (6,747)
Other income:      
Investment income 634 57 884
Gain on sale of real estate 0 0 1,331
Other income 1,088 164 110
Total other income 1,722 221 2,325
Income (loss) from operations before equity in earnings of unconsolidated joint ventures and income tax expense 15,451 (39) (4,422)
Equity in earnings of unconsolidated joint ventures, net 7,752 9,202 4,504
Income before income taxes 23,203 9,163 82
Income tax expense 7,393 3,821 829
Net income (loss) 15,810 5,342 (747)
Net income (loss) attributable to non-controlling interest 2 (6) (7)
Net income (loss) attributable to common stockholders $ 15,808 $ 5,348 $ (740)
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.60 $ 0.20 $ (0.03)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.59 $ 0.20 $ (0.03)
Operating Segments      
Revenues:      
Land sales revenue $ 79,217 $ 55,613 $ 37,830
Corporate expenses      
Costs and expenses:      
Total expenses 9,699 9,843 9,430
Real estate - commercial/industrial      
Revenues:      
Land sales revenue   4,355  
Real estate - commercial/industrial | Operating Segments      
Revenues:      
Land sales revenue   19,476 9,536
Costs and expenses:      
Total expenses 16,356 11,953 7,122
Other income:      
Equity in earnings of unconsolidated joint ventures, net 7,752 9,202 4,504
Real estate - resort/residential | Operating Segments      
Costs and expenses:      
Total expenses 1,629 1,723 1,612
Mineral resources | Operating Segments      
Revenues:      
Land sales revenue   20,987 10,736
Costs and expenses:      
Total expenses 12,969 13,559 6,414
Farming | Operating Segments      
Revenues:      
Land sales revenue   11,039 13,866
Costs and expenses:      
Total expenses 19,811 14,116 15,103
Ranch operations | Operating Segments      
Revenues:      
Land sales revenue   4,111 3,692
Costs and expenses:      
Total expenses $ 5,024 $ 4,679 $ 4,896