v3.25.2
Revenue and Contract Balances (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Revenue by type for the three and six months ended June 30, 2025 and 2024, was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues:
Commercial Real Estate$50,731 $49,208 $101,774 $98,096 
Land Operations:
Development sales revenue— 1,681 — 4,136 
Unimproved/other property sales revenue825 — 3,358 9,625 
Other operating revenue146 158 308 392 
Land Operations971 1,839 3,666 14,153 
Total revenues$51,702 $51,047 $105,440 $112,249 
Schedule of Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Accounts receivable$5,824 $5,398 
Allowances (credit losses and doubtful accounts)(1,727)(1,701)
Accounts receivable, net of allowance for credit losses and allowance for doubtful accounts$4,097 $3,697 
Variable consideration1
$— $62,000 
Prepaid rent5,988 6,077 
Other deferred revenue4,257 4,385 
Deferred revenue$10,245 $72,462 
1 Variable consideration deferred as of December 31, 2024, related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price.