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Revenue and Contract Balances (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Revenue by type for the three and nine months ended September 30, 2025 and 2024, was as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenues:
Commercial Real Estate$50,213 $49,381 $151,987 $147,477 
Land Operations:
Development sales revenue— 1,853 — 5,989 
Unimproved/other property sales revenue— 10,557 3,358 20,182 
Other operating revenue35 153 343 545 
Land Operations35 12,563 3,701 26,716 
Total revenues$50,248 $61,944 $155,688 $174,193 
Schedule of Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of September 30, 2025 and December 31, 2024 (in thousands):
September 30, 2025December 31, 2024
Accounts receivable$5,237 $5,398 
Allowances (credit losses and doubtful accounts)(1,479)(1,701)
Accounts receivable, net of allowance for credit losses and allowance for doubtful accounts$3,758 $3,697 
Variable consideration1
$— $62,000 
Prepaid rent8,413 6,077 
Other deferred revenue4,209 4,385 
Deferred revenue$12,622 $72,462 
1 Variable consideration deferred as of December 31, 2024, related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price.