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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Leasing revenue $ 14,752 $ 12,378 $ 29,094 $ 24,168
Total revenue 111,606 128,167 199,392 201,157
Expenses:        
Corporate and other operating expenses 5,847 5,535 12,948 11,256
Depreciation, depletion and amortization 11,295 9,467 22,477 16,789
Total expenses 78,977 86,336 150,811 148,023
Operating income 32,629 41,831 48,581 53,134
Other income (expense):        
Investment income, net 3,406 3,183 6,847 6,104
Interest expense (8,519) (7,207) (17,072) (13,416)
Gain on contributions to unconsolidated joint ventures   27 11 557
Equity in income from unconsolidated joint ventures 5,411 6,038 12,771 9,700
Other (expense) income, net (102) 1,467 (562) 2,181
Total other income (expense), net 196 3,508 1,995 5,126
Income before income taxes 32,825 45,339 50,576 58,260
Income tax expense (8,301) (11,503) (12,950) (14,944)
Net income 24,524 33,836 37,626 43,316
Net (income) loss attributable to non-controlling interest (6) 891 807 1,801
Net income attributable to the Company $ 24,518 $ 34,727 $ 38,433 $ 45,117
NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY        
Basic (in dollars per share) $ 0.42 $ 0.60 $ 0.66 $ 0.77
Diluted (in dollars per share) $ 0.42 $ 0.60 $ 0.66 $ 0.77
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 58,331,818 58,314,117 58,326,153 58,311,619
Diluted (in shares) 58,346,883 58,317,520 58,344,109 58,313,320
Real Estate        
Revenue:        
Revenue $ 34,533 $ 70,690 $ 68,721 $ 107,391
Expenses:        
Cost of revenue 16,644 31,471 32,676 51,816
Hospitality        
Revenue:        
Revenue 62,321 45,099 101,577 69,598
Expenses:        
Cost of revenue 37,874 33,321 68,218 56,248
Leasing        
Expenses:        
Cost of revenue $ 7,317 $ 6,542 $ 14,492 $ 11,914