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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Costs and expenses:      
Total expenses $ 48,438 $ 65,488 $ 55,873
Operating (loss) income (3,699) 13,729 (260)
Other income:      
Investment income 2,557 634 57
Other (loss) income (138) 1,088 164
Total other income 2,419 1,722 221
(Loss) income from operations before equity in earnings of unconsolidated joint ventures and income tax expense (1,280) 15,451 (39)
Equity in earnings of unconsolidated joint ventures, net 6,868 7,752 9,202
Income before income taxes 5,588 23,203 9,163
Income tax expense 2,323 7,393 3,821
Net income 3,265 15,810 5,342
Net income (loss) attributable to non-controlling interest 0 2 (6)
Net income attributable to common stockholders $ 3,265 $ 15,808 $ 5,348
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.12 $ 0.60 $ 0.20
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.12 $ 0.59 $ 0.20
Operating Segments      
Revenues:      
Total revenues $ 44,739 $ 79,217 $ 55,613
Operating Segments | Real Estate - commercial/industrial      
Revenues:      
Total revenues 11,758 40,515 19,476
Costs and expenses:      
Total expenses 8,053 16,356 11,953
Other income:      
Equity in earnings of unconsolidated joint ventures, net 6,868 7,752 9,202
Operating Segments | Real Estate - resort/residential      
Costs and expenses:      
Total expenses 1,528 1,629 1,723
Operating Segments | Mineral resources      
Revenues:      
Total revenues 14,524 21,595 20,987
Costs and expenses:      
Total expenses 8,685 12,969 13,559
Operating Segments | Farming      
Revenues:      
Total revenues 13,950 13,001 11,039
Costs and expenses:      
Total expenses 15,257 19,811 14,116
Operating Segments | Ranch operations      
Revenues:      
Total revenues 4,507 4,106 4,111
Costs and expenses:      
Total expenses 5,043 5,024 4,679
Corporate expenses      
Costs and expenses:      
Total expenses $ 9,872 $ 9,699 $ 9,843