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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 13,513 $ 9,657 $ 28,601 $ 29,265
Costs and Expenses:        
Total expenses 14,340 12,125 33,974 34,160
Operating loss (827) (2,468) (5,373) (4,895)
Other Income:        
Investment income 455 294 834 972
(Loss) gain on sale of real estate (2) 0 1,331 0
Other income, net 68 19 64 67
Total other income 521 313 2,229 1,039
Loss from operations before equity in earnings of unconsolidated joint ventures (306) (2,155) (3,144) (3,856)
Equity in earnings of unconsolidated joint ventures, net 1,093 2,199 3,629 5,046
Income before income tax expense 787 44 485 1,190
Income tax expense 403 7 1,111 320
Net income (loss) 384 37 (626) 870
Net loss attributable to non-controlling interest (14) (10) (9)  
Net income (loss) attributable to common stockholders $ 398 $ 47 $ (617) $ 873
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.02 $ 0.00 $ (0.02) $ 0.03
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.02 $ 0.00 $ (0.02) $ 0.03
Real estate - commercial/industrial        
Revenues:        
Total revenues $ 2,710 $ 2,620 $ 7,144 $ 12,041
Costs and Expenses:        
Total expenses 2,026 1,968 5,704 8,353
Other Income:        
Equity in earnings of unconsolidated joint ventures, net 1,093 2,199 3,629 5,046
Income before income tax expense 1,777 2,851 5,069 8,734
Real estate - resort/residential        
Costs and Expenses:        
Total expenses 273 582 1,225 1,872
Mineral resources        
Revenues:        
Total revenues 1,322 1,559 9,276 8,351
Costs and Expenses:        
Total expenses 648 576 5,240 5,006
Other Income:        
Loss from operations before equity in earnings of unconsolidated joint ventures 674 983 4,036 3,345
Farming        
Revenues:        
Total revenues 8,537 4,602 9,698 6,303
Costs and Expenses:        
Total expenses 8,108 5,979 10,909 8,402
Other Income:        
Loss from operations before equity in earnings of unconsolidated joint ventures 429 (1,377) (1,211) (2,099)
Ranch operations        
Revenues:        
Total revenues 944 876 2,483 2,570
Costs and Expenses:        
Total expenses 1,164 1,260 3,748 4,003
Other Income:        
Loss from operations before equity in earnings of unconsolidated joint ventures (220) (384) (1,265) (1,433)
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,121 $ 1,760 $ 7,148 $ 6,524