XML 154 R4.htm IDEA: XBRL DOCUMENT v3.24.3
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Costs and Expenses:        
Total expenses $ 14,648 $ 10,172 $ 35,275 $ 29,919
Operating (loss) income (3,792) 37 (11,324) (1,347)
Other Income:        
Investment income 528 700 1,843 1,775
Other (loss) income, net (69) (30) (210) 272
Total other income, net 459 670 1,633 2,047
(Loss) income from operations before equity in earnings of unconsolidated joint ventures and income tax (3,333) 707 (9,691) 700
Equity in earnings of unconsolidated joint ventures, net 3,329 1,161 7,611 4,616
(Loss) income before income tax (4) 1,868 (2,080) 5,316
Income tax expense (benefit) 1,832 2,215 (286) 3,619
Net (loss) income (1,836) (347) (1,794) 1,697
Net loss attributable to non-controlling interest 0 (6) (1) (3)
Net (loss) income attributable to common stockholders $ (1,836) $ (341) $ (1,793) $ 1,700
Net (loss) income per share attributable to common stockholders, basic (in dollars per share) $ (0.07) $ (0.01) $ (0.07) $ 0.06
Net (loss) income per share attributable to common stockholders, diluted (in dollars per share) $ (0.07) $ (0.01) $ (0.07) $ 0.06
Operating Segments        
Revenues:        
Total revenues $ 10,856 $ 10,209 $ 23,951 $ 28,572
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 3,002 3,397 8,497 8,706
Costs and Expenses:        
Total expenses 2,088 2,137 6,005 5,517
Other Income:        
Equity in earnings of unconsolidated joint ventures, net 3,329 1,161 7,611 4,616
Operating Segments | Real estate - resort/residential        
Costs and Expenses:        
Total expenses 328 367 2,316 1,079
Operating Segments | Mineral resources        
Revenues:        
Total revenues 3,166 3,118 7,687 11,630
Costs and Expenses:        
Total expenses 1,812 2,000 5,043 6,991
Operating (loss) income 1,354 1,118 2,644 4,639
Operating Segments | Farming        
Revenues:        
Total revenues 3,242 2,642 4,249 4,852
Costs and Expenses:        
Total expenses 6,252 2,157 9,406 5,644
Operating (loss) income (3,010) 485 (5,157) (792)
Operating Segments | Ranch operations        
Revenues:        
Total revenues 1,446 1,052 3,518 3,384
Costs and Expenses:        
Total expenses 1,223 1,196 3,711 3,864
Operating (loss) income 223 (144) (193) (480)
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,945 $ 2,315 $ 8,794 $ 6,824