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Unaudited Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Total revenues $ 16,114,000 $ 14,765,000 $ 33,542,000 $ 43,283,000
Costs and Expenses:        
Total expenses 12,112,000 11,730,000 30,430,000 28,581,000
Operating income (loss) 4,002,000 3,035,000 3,112,000 14,702,000
Other Income        
Investment income 313,000 317,000 948,000 927,000
Interest expense 33,000 0 (2,000) 0
Other income 15,000 17,000 50,000 77,000
Total other income 361,000 334,000 996,000 1,004,000
Income (loss) from operations before equity in earnings (losses) of unconsolidated joint ventures 4,363,000 3,369,000 4,108,000 15,706,000
Equity in earnings (losses) of unconsolidated joint ventures, net 1,114,000 613,000 1,648,000 583,000
Income (loss) before income tax expense (benefit) 5,477,000 3,982,000 5,756,000 16,289,000
Income tax expense (benefit) 1,525,000 1,442,000   5,710,000
Income Tax Expense (Benefit), Continuing Operations     1,461,000 5,710,000
Net income (loss) 3,952,000 2,540,000 4,295,000 10,579,000
Net loss attributable to non-controlling interest (69,000) (18,000)   (77,000)
Net income (loss) attributable to common stockholders 4,021,000 2,558,000 4,414,000 10,656,000
Net income (loss) per share attributable to common stockholders, basic $ 0.20 $ 0.13 $ 0.22 $ 0.54
Net income (loss) per share attributable to common stockholders, diluted $ 0.20 $ 0.13 $ 0.22 $ 0.54
Real estate - commercial/industrial
       
Revenues:        
Total revenues 6,185,000 5,760,000 18,741,000 15,152,000
Costs and Expenses:        
Total expenses 3,089,000 3,249,000 9,184,000 9,435,000
Real estate- resort/residential
       
Revenues:        
Total revenues 132,000 88,000 267,000 15,966,000
Costs and Expenses:        
Total expenses 1,430,000 1,001,000 3,585,000 2,878,000
Farming
       
Revenues:        
Total revenues 9,797,000 8,917,000 14,534,000 12,165,000
Costs and Expenses:        
Total expenses 5,003,000 4,825,000 8,224,000 8,015,000
Corporate expenses
       
Costs and Expenses:        
Total expenses $ 2,590,000 $ 2,655,000 $ 9,437,000 $ 8,253,000