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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Costs and Expenses:        
Total expenses $ 11,587 $ 14,113 $ 27,395 $ 26,221
Operating (loss) income (2,318) 2,525 2,894 1,471
Other Income:        
Investment income 79 9 96 16
Other income, net (91) 43 827 107
Total other income (12) 52 923 123
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (2,330) 2,577 3,817 1,594
Equity in earnings of unconsolidated joint ventures, net 1,663 1,365 2,876 1,306
(Loss) income before income tax expense (667) 3,942 6,693 2,900
Income tax (benefit) expense (5) 1,118 3,041 1,139
Net (loss) income (662) 2,824 3,652 1,761
Net income (loss) attributable to non-controlling interest 5 2 12 (6)
Net (loss) income attributable to common stockholders $ (667) $ 2,822 $ 3,640 $ 1,767
Net (loss) income per share attributable to common stockholders, basic (in dollars per share) $ (0.03) $ 0.11 $ 0.14 $ 0.07
Net (loss) income per share attributable to common stockholders, diluted (in dollars per share) $ (0.03) $ 0.11 $ 0.14 $ 0.07
Operating Segments        
Revenues:        
Total revenues $ 9,269 $ 16,638 $ 30,289 $ 27,692
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,462 8,126 9,811 10,354
Costs and Expenses:        
Total expenses 1,822 4,712 4,558 6,264
Other Income:        
Equity in earnings of unconsolidated joint ventures, net 1,663 1,365 2,876 1,306
Operating Segments | Real estate - resort/residential        
Costs and Expenses:        
Total expenses 423 439 846 992
Operating Segments | Mineral resources        
Revenues:        
Total revenues 4,131 7,404 16,099 14,580
Costs and Expenses:        
Total expenses 2,445 4,253 9,602 9,300
Operating (loss) income 1,686 3,151 6,497 5,280
Operating Segments | Farming        
Revenues:        
Total revenues 1,921 279 2,576 886
Costs and Expenses:        
Total expenses 3,462 1,203 5,224 2,681
Operating (loss) income (1,541) (924) (2,648) (1,795)
Operating Segments | Ranch operations        
Revenues:        
Total revenues 755 829 1,803 1,872
Costs and Expenses:        
Total expenses 1,250 1,142 2,565 2,329
Operating (loss) income (495) (313) (762) (457)
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,185 $ 2,364 $ 4,600 $ 4,655