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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Costs and Expenses:        
Total expenses $ 7,968 $ 11,587 $ 19,747 $ 27,395
Operating (loss) income (1,870) (2,318) (1,384) 2,894
Other Income:        
Investment income 619 79 1,075 96
Other (loss) income, net (32) (91) 302 827
Total other income (loss) 587 (12) 1,377 923
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (1,283) (2,330) (7) 3,817
Equity in earnings of unconsolidated joint ventures, net 1,938 1,663 3,455 2,876
Income (loss) before income tax expense 655 (667) 3,448 6,693
Income tax expense (benefit) 391 (5) 1,404 3,041
Net income (loss) 264 (662) 2,044 3,652
Net (loss) income attributable to non-controlling interest (3) 5 3 12
Net income (loss) attributable to common stockholders $ 267 $ (667) $ 2,041 $ 3,640
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.01 $ (0.03) $ 0.08 $ 0.14
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.01 $ (0.03) $ 0.08 $ 0.14
Operating Segments        
Revenues:        
Total revenues $ 6,098 $ 9,269 $ 18,363 $ 30,289
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,633 2,462 5,309 9,811
Costs and Expenses:        
Total expenses 1,685 1,822 3,380 4,558
Other Income:        
Equity in earnings of unconsolidated joint ventures, net 1,938 1,663 3,455 2,876
Operating Segments | Real estate - resort/residential        
Costs and Expenses:        
Total expenses 324 423 712 846
Operating Segments | Mineral resources        
Revenues:        
Total revenues 1,600 4,131 8,512 16,099
Costs and Expenses:        
Total expenses 925 2,445 4,991 9,602
Operating (loss) income 675 1,686 3,521 6,497
Operating Segments | Farming        
Revenues:        
Total revenues 1,025 1,921 2,210 2,576
Costs and Expenses:        
Total expenses 1,474 3,462 3,487 5,224
Operating (loss) income (449) (1,541) (1,277) (2,648)
Operating Segments | Ranch operations        
Revenues:        
Total revenues 840 755 2,332 1,803
Costs and Expenses:        
Total expenses 1,338 1,250 2,668 2,565
Operating (loss) income (498) (495) (336) (762)
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,222 $ 2,185 $ 4,509 $ 4,600