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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenue:        
Total operating revenue $ 50,248 $ 61,944 $ 155,688 $ 174,193
Operating Costs and Expenses:        
Selling, general and administrative 6,083 7,436 20,087 21,927
Total operating costs and expenses 33,634 39,881 102,814 114,261
Gain (loss) on commercial real estate transactions 2,556 0 6,659 0
(Gain) loss on disposal of assets and settlements, net 7 0 11,763 2,148
Total gain (loss) on commercial real estate transactions and disposal of assets and settlements, net 2,563 0 18,422 2,148
Operating Income (Loss) 19,177 22,063 71,296 62,080
Other Income and (Expenses):        
Income (loss) related to joint ventures and partnerships 1,592 2,142 7,206 3,836
Impairment of equity method investment (406) 0 (406) 0
Interest and other income (expense), net 47 854 318 2,652
Interest expense (5,959) (5,680) (17,617) (17,119)
Income (Loss) from Continuing Operations Before Income Taxes 14,451 19,379 60,797 51,449
Income tax benefit (expense) (75) (75) 24 (174)
Income (Loss) from Continuing Operations 14,376 19,304 60,821 51,275
Income (loss) from discontinued operations, net of income taxes (39) (300) 77 (3,181)
Net Income (Loss) $ 14,337 $ 19,004 $ 60,898 $ 48,094
Basic Earnings (Loss) Per Share of Common Stock:        
Continuing operations available to A&B shareholders (in dollars per share) $ 0.20 $ 0.27 $ 0.84 $ 0.71
Discontinued operations available to A&B shareholders (in dollars per share) 0 (0.01) 0 (0.05)
Net income (loss) available to A&B shareholders (in dollars per share) 0.20 0.26 0.84 0.66
Diluted Earnings (Loss) Per Share of Common Stock:        
Continuing operations available to A&B shareholders (in dollars per share) 0.20 0.27 0.84 0.70
Discontinued operations available to A&B shareholders (in dollars per share) 0 (0.01) 0 (0.04)
Net income (loss) available to A&B shareholders (in dollars per share) $ 0.20 $ 0.26 $ 0.84 $ 0.66
Weighted-Average Number of Shares Outstanding:        
Basic (in shares) 72,757 72,630 72,728 72,597
Diluted (in shares) 72,947 72,817 72,871 72,718
Amounts Available to A&B Common Shareholders:        
Continuing operations available to A&B common shareholders $ 14,376 $ 19,298 $ 60,821 $ 51,257
Discontinued operations available to A&B common shareholders (39) (300) 77 (3,181)
Net income (loss) available to A&B common shareholders 14,337 18,998 60,898 48,076
Commercial Real Estate        
Operating Revenue:        
Commercial Real Estate 50,213 49,381 151,987 147,477
Operating Costs and Expenses:        
Cost of Commercial Real Estate 26,239 25,292 79,340 75,842
Land Operations        
Operating Revenue:        
Land Operations 35 12,563 3,701 26,716
Operating Costs and Expenses:        
Cost of Land Operations $ 1,312 $ 7,153 $ 3,387 $ 16,492