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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Leasing revenue $ 63,634 $ 60,316 $ 50,836
Total revenue 513,246 402,737 389,285
Expenses:      
Cost of revenue 292,276 235,516 235,979
Corporate and other operating expenses [1] 27,268 25,250 23,797
Depreciation, depletion and amortization 47,471 46,385 38,776
Total expenses 367,015 307,151 298,552
Operating income 146,231 95,586 90,733
Other income (expense):      
Investment income, net 13,158 13,504 13,282
Interest expense (30,482) (33,584) (30,618)
Equity in income from unconsolidated joint ventures 25,626 23,578 22,701
Other income (expense), net 580 (736) 3,963
Total other income, net 8,882 2,762 9,328
Income before income taxes 155,113 98,348 100,061
Income tax expense (39,231) (25,952) (26,009)
Net income 115,882 72,396 74,052
Net (income) loss attributable to non-controlling interest (255) 1,793 3,660
Net income attributable to the Company $ 115,627 $ 74,189 $ 77,712
NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY      
Basic (in dollars per share) $ 2 $ 1.27 $ 1.33
Diluted (in dollars per share) $ 1.99 $ 1.27 $ 1.33
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 57,944,092 58,326,286 58,312,878
Diluted (in shares) 57,959,936 58,346,726 58,324,254
Real Estate      
Revenue:      
Revenue $ 234,181 $ 143,179 $ 186,008
Expenses:      
Cost of revenue [1] 115,307 70,323 87,966
Hospitality      
Revenue:      
Revenue 215,431 199,242 152,441
Expenses:      
Cost of revenue [1] 148,522 136,386 122,185
Leasing      
Expenses:      
Cost of revenue [1] $ 28,447 $ 28,807 $ 25,828
[1] Excluding depreciation, depletion and amortization, shown separately above.