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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Costs and Expenses:        
Total expenses $ 9,237 $ 7,968 $ 20,627 $ 19,747
Operating loss (3,548) (1,870) (7,532) (1,384)
Other Income (Loss):        
Investment income 630 619 1,315 1,075
Other (loss) income, net (71) (32) (141) 302
Total other income, net 559 587 1,174 1,377
Loss from operations before equity in earnings of unconsolidated joint ventures and income tax (2,989) (1,283) (6,358) (7)
Equity in earnings of unconsolidated joint ventures, net 2,769 1,938 4,282 3,455
(Loss) income before income tax (220) 655 (2,076) 3,448
Income tax (benefit) expense (1,176) 391 (2,118) 1,404
Net income 956 264 42 2,044
Net (loss) income attributable to non-controlling interest (1) (3) (1) 3
Net income attributable to common stockholders $ 957 $ 267 $ 43 $ 2,041
Net income per share attributable to common stockholders, basic (in dollars per share) $ 0.04 $ 0.01 $ 0.00 $ 0.08
Net income per share attributable to common stockholders, diluted (in dollars per share) $ 0.04 $ 0.01 $ 0.00 $ 0.08
Operating Segments        
Revenues:        
Total revenues $ 5,689 $ 6,098 $ 13,095 $ 18,363
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,550 2,633 5,495 5,309
Costs and Expenses:        
Total expenses 1,990 1,685 3,917 3,380
Other Income (Loss):        
Equity in earnings of unconsolidated joint ventures, net 2,769 1,938 4,282 3,455
Operating Segments | Real estate - resort/residential        
Costs and Expenses:        
Total expenses 427 324 1,988 712
Operating Segments | Mineral resources        
Revenues:        
Total revenues 2,032 1,600 4,521 8,512
Costs and Expenses:        
Total expenses 1,115 925 3,231 4,991
Operating loss 917 675 1,290 3,521
Operating Segments | Farming        
Revenues:        
Total revenues 142 1,025 1,007 2,210
Costs and Expenses:        
Total expenses 1,087 1,474 3,154 3,487
Operating loss (945) (449) (2,147) (1,277)
Operating Segments | Ranch operations        
Revenues:        
Total revenues 965 840 2,072 2,332
Costs and Expenses:        
Total expenses 1,261 1,338 2,488 2,668
Operating loss (296) (498) (416) (336)
Corporate expenses        
Costs and Expenses:        
Total expenses $ 3,357 $ 2,222 $ 5,849 $ 4,509