v3.25.2
Segment Information - Information by Business Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segments          
Total revenue $ 129,082 $ 111,606 $ 223,279 $ 199,392  
Cost of revenue 73,694 61,835 132,287 115,386  
Gross profit 55,388 49,771 90,992 84,006  
Corporate and other operating expenses 6,442 5,847 13,022 12,948  
Depreciation, depletion and amortization 11,986 11,295 24,117 22,477  
Investment income, net 3,202 3,406 6,630 6,847  
Interest expense 7,760 8,519 15,535 17,072  
Gain on contributions to unconsolidated joint ventures 0 0   11  
Equity in income from unconsolidated joint ventures 7,547 5,411 17,705 12,771  
Other expense, net (226) (102) (454) (562)  
Income before income taxes 39,723 32,825 62,199 50,576  
Capital expenditures 36,483 32,442 69,230 63,896  
Investment in unconsolidated joint ventures 73,854   73,854   $ 66,454
Total assets 1,548,402   1,548,402   1,538,574
Interest income from investments in SPE 2,003 2,003 4,006 4,006  
Interest expense from investments in SPE 2,221 2,218 4,442 4,434  
Hospitality          
Segments          
Cost of revenue 42,251 37,874 74,655 68,218  
Latitude Margaritaville Watersound JV          
Segments          
Equity in income from unconsolidated joint ventures 8,435 6,544 21,135 14,823  
Investment in unconsolidated joint ventures 62,068   62,068   53,399
Watersound Fountains Independent Living JV          
Segments          
Equity in income from unconsolidated joint ventures (953) (1,144) (1,978) (1,871)  
Investment in unconsolidated joint ventures 3,992   3,992   3,857
Pier Park RI JV          
Segments          
Equity in income from unconsolidated joint ventures (162) (164) (1,262) (164)  
Investment in unconsolidated joint ventures 3,949   3,949   5,211
Residential segment          
Segments          
Gain on contributions to unconsolidated joint ventures       11  
Equity in income from unconsolidated joint ventures 8,435 6,544 21,135 14,823  
Investment in unconsolidated joint ventures 62,068   62,068   53,399
Commercial segment          
Segments          
Equity in income from unconsolidated joint ventures (888) (1,133) (3,430) (2,052)  
Investment in unconsolidated joint ventures 11,786   11,786   13,055
Operating Segments | Residential segment          
Segments          
Total revenue 38,097 31,731 71,081 62,546  
Cost of revenue 21,138 15,770 39,104 30,796  
Gross profit 16,959 15,961 31,977 31,750  
Corporate and other operating expenses 1,151 1,231 2,355 2,320  
Depreciation, depletion and amortization 58 62 117 124  
Investment income, net 357 401 891 821  
Interest expense 90 99 181 199  
Other expense, net 75 35 181 109  
Income before income taxes 24,525 21,549 51,532 44,872  
Capital expenditures 26,274 17,491 51,407 32,788  
Total assets 263,425   263,425   241,435
Operating Segments | Residential segment | Latitude Margaritaville Watersound JV          
Segments          
Equity in income from unconsolidated joint ventures 8,400 6,500 21,100 14,800  
Operating Segments | Hospitality segment          
Segments          
Total revenue 71,157 63,249 111,708 103,281  
Cost of revenue 43,812 38,801 76,701 69,747  
Gross profit 27,345 24,448 35,007 33,534  
Corporate and other operating expenses 413 403 849 823  
Depreciation, depletion and amortization 7,190 6,648 14,352 13,235  
Investment income, net 31 38 62 78  
Interest expense 2,650 2,984 5,310 6,001  
Other expense, net (63) 29 (154) (351)  
Income before income taxes 17,060 14,480 14,404 13,202  
Capital expenditures 4,402 7,414 7,176 15,865  
Total assets 454,634   454,634   460,604
Operating Segments | Commercial segment          
Segments          
Total revenue 18,508 15,385 38,005 31,493  
Cost of revenue 7,838 6,559 14,872 13,557  
Gross profit 10,670 8,826 23,133 17,936  
Corporate and other operating expenses 1,153 646 2,272 1,829  
Depreciation, depletion and amortization 4,640 4,499 9,452 8,930  
Investment income, net 12 15 77 27  
Interest expense 2,797 3,217 5,600 6,435  
Other expense, net (229) (161) (500) (368)  
Income before income taxes 976 (815) 1,957 (1,651)  
Capital expenditures 5,554 7,145 10,104 14,443  
Total assets 513,526   513,526   515,955
Operating Segments | Commercial segment | Watersound Fountains Independent Living JV          
Segments          
Equity in income from unconsolidated joint ventures (1,000) (1,100) (2,000) (1,900)  
Operating Segments | Commercial segment | Pier Park RI JV          
Segments          
Equity in income from unconsolidated joint ventures     (1,300) (200)  
Other reconciling items          
Segments          
Total revenue 1,320 1,241 2,485 2,072  
Cost of revenue 906 705 1,610 1,286  
Gross profit 414 536 875 786  
Corporate and other operating expenses 3,725 3,567 7,546 7,976  
Depreciation, depletion and amortization 98 86 196 188  
Investment income, net 2,802 2,952 5,600 5,921  
Interest expense 2,223 2,219 4,444 4,437  
Other expense, net (9) (5) 19 48  
Income before income taxes (2,838) (2,389) (5,694) (5,847)  
Capital expenditures 253 392 543 800  
Total assets 316,817   316,817   $ 320,580
Interest income from investments in SPE 2,000 2,000 4,000 4,000  
Interest expense from investments in SPE $ 2,200 $ 2,200 $ 4,400 $ 4,400