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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Costs and Expenses:    
Total expenses $ 11,779 $ 15,808
Operating income 486 5,212
Other Income:    
Investment income 456 17
Other income, net 334 918
Total other income 790 935
Income from operations before equity in earnings of unconsolidated joint ventures 1,276 6,147
Equity in earnings of unconsolidated joint ventures, net 1,517 1,213
Income before income tax expense 2,793 7,360
Income tax expense 1,013 3,046
Net income 1,780 4,314
Net income attributable to non-controlling interest 6 7
Net income attributable to common stockholders $ 1,774 $ 4,307
Net income per share attributable to common stockholders, basic (in dollars per share) $ 0.07 $ 0.16
Net income per share attributable to common stockholders, diluted (in dollars per share) $ 0.07 $ 0.16
Operating Segments    
Revenues:    
Total revenues $ 12,265 $ 21,020
Operating Segments | Real estate - commercial/industrial    
Revenues:    
Total revenues 2,676 7,349
Costs and Expenses:    
Total expenses 1,695 2,736
Other Income:    
Equity in earnings of unconsolidated joint ventures, net 1,517 1,213
Operating Segments | Real estate - resort/residential    
Costs and Expenses:    
Total expenses 388 423
Operating Segments | Mineral resources    
Revenues:    
Total revenues 6,912 11,968
Costs and Expenses:    
Total expenses 4,066 7,157
Operating income 2,846 4,811
Operating Segments | Farming    
Revenues:    
Total revenues 1,185 655
Costs and Expenses:    
Total expenses 2,013 1,762
Operating income (828) (1,107)
Operating Segments | Ranch operations    
Revenues:    
Total revenues 1,492 1,048
Costs and Expenses:    
Total expenses 1,330 1,315
Operating income 162 (267)
Corporate expenses    
Costs and Expenses:    
Total expenses $ 2,287 $ 2,415