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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 8,209 $ 7,406
Costs and expenses:    
Total costs and expenses 12,375 11,390
Operating loss (4,166) (3,984)
Other income:    
Investment income 346 685
Other loss, net (76) (70)
Total other income, net 270 615
Loss from operations before equity in earnings of unconsolidated joint ventures and income tax benefit (3,896) (3,369)
Equity in earnings of unconsolidated joint ventures, net 1,158 1,513
Loss before income tax benefit (2,738) (1,856)
Income tax benefit (1,272) (942)
Net loss (1,466) (914)
Net loss attributable to non-controlling interest (2) 0
Net loss attributable to common stockholders $ (1,464) $ (914)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.05) $ (0.03)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.05) $ (0.03)
Operating Segments    
Revenues:    
Total revenues $ 8,209 $ 7,406
Operating Segments | Real estate - commercial/industrial    
Revenues:    
Total revenues 2,754 2,945
Costs and expenses:    
Total costs and expenses 1,847 1,927
Other income:    
Equity in earnings of unconsolidated joint ventures, net 1,158 1,513
Operating Segments | Real estate - resort/residential    
Costs and expenses:    
Total costs and expenses 386 1,561
Operating Segments | Mineral resources    
Revenues:    
Total revenues 2,595 2,489
Costs and expenses:    
Total costs and expenses 2,085 2,116
Operating loss 510 373
Operating Segments | Farming    
Revenues:    
Total revenues 1,556 865
Costs and expenses:    
Total costs and expenses 2,548 2,067
Operating loss (992) (1,202)
Operating Segments | Ranch operations    
Revenues:    
Total revenues 1,304 1,107
Costs and expenses:    
Total costs and expenses 1,273 1,227
Operating loss 31 (120)
Corporate expenses    
Costs and expenses:    
Total costs and expenses $ 4,236 $ 2,492