Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Summary of Significant Accounting Policies

Schedule of computation of basic and diluted earnings per share

	Three Months Ended March 31,
	2025		2024
	(Dollars in thousands except per share amounts)
Income
Net income attributable to the Company	$	17,461	$	13,915
Shares
Weighted average shares outstanding - basic		58,244,040		58,320,489
Incremental shares from restricted stock		13,880		20,846
Weighted average shares outstanding - diluted		58,257,920		58,341,335
Net income per share attributable to the Company
Basic income per share	$	0.30	$	0.24
Diluted income per share	$	0.30	$	0.24

Schedule of revenue disaggregated by segment, good or service and timing

	Three Months Ended March 31, 2025
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	32,906	$	—	$	4,392	$	1,021	$	38,319
Hospitality revenue		—		39,636		—		—		39,636
Leasing revenue		79		914		15,105		144		16,242
Total revenue	$	32,985	$	40,550	$	19,497	$	1,165	$	94,197
Timing of Revenue Recognition:
Recognized at a point in time	$	32,906	$	26,112	$	4,392	$	1,021	$	64,431
Recognized over time		—		13,524		—		—		13,524
Over lease term		79		914		15,105		144		16,242
Total revenue	$	32,985	$	40,550	$	19,497	$	1,165	$	94,197

	Three Months Ended March 31, 2024
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	30,758	$	—	$	2,627	$	803	$	34,188
Hospitality revenue		—		39,257		—		—		39,257
Leasing revenue		56		776		13,482		28		14,342
Total revenue	$	30,814	$	40,033	$	16,109	$	831	$	87,787
Timing of Revenue Recognition:
Recognized at a point in time	$	30,758	$	26,392	$	2,627	$	803	$	60,580
Recognized over time		—		12,865		—		—		12,865
Over lease term		56		776		13,482		28		14,342
Total revenue	$	30,814	$	40,033	$	16,109	$	831	$	87,787