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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Leasing revenue $ 16,242 $ 14,342
Total revenue 94,197 87,787
Expenses:    
Cost of revenue 58,593 53,551
Corporate and other operating expenses 6,580 7,102
Depreciation, depletion and amortization 12,130 11,182
Total expenses 77,303 71,835
Operating income 16,894 15,952
Other income (expense):    
Investment income, net 3,428 3,441
Interest expense (7,775) (8,553)
Gain on contributions to unconsolidated joint ventures   14
Equity in income from unconsolidated joint ventures 10,159 7,360
Other expense, net (230) (463)
Total other income, net 5,582 1,799
Income before income taxes 22,476 17,751
Income tax expense (5,808) (4,649)
Net income 16,668 13,102
Net loss attributable to non-controlling interest 793 813
Net income attributable to the Company $ 17,461 $ 13,915
NET INCOME PER SHARE ATTRIBUTABLE TO THE COMPANY    
Basic (in dollars per share) $ 0.3 $ 0.24
Diluted (in dollars per share) $ 0.3 $ 0.24
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 58,244,040 58,320,489
Diluted (in shares) 58,257,920 58,341,335
Real Estate    
Revenue:    
Revenue $ 38,319 $ 34,188
Expenses:    
Cost of revenue 18,839 16,033
Hospitality    
Revenue:    
Revenue 39,636 39,257
Expenses:    
Cost of revenue 32,404 30,343
Leasing    
Expenses:    
Cost of revenue $ 7,350 $ 7,175