v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 9,503 $ 8,209
Costs and expenses:    
Total costs and expenses 10,634 12,375
Operating loss (1,131) (4,166)
Other income:    
Investment income 142 346
Other loss, net (92) (76)
Total other income, net 50 270
Loss before equity in earnings of unconsolidated joint ventures and income tax expense (benefit) (1,081) (3,896)
Equity in earnings of unconsolidated joint ventures, net 1,290 1,158
Income (loss) before income tax expense (benefit) 209 (2,738)
Income tax expense (benefit) 59 (1,272)
Net income (loss) 150 (1,466)
Net loss attributable to non-controlling interest (1) (2)
Net income (loss) attributable to common stockholders $ 151 $ (1,464)
Net income (loss) per share attributable to common stockholders, basic, (in dollars per share) $ 0.01 $ (0.05)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.01 $ (0.05)
Operating Segments    
Revenues:    
Total revenues $ 9,503 $ 8,209
Operating Segments | Real estate - commercial/industrial    
Revenues:    
Total revenues 2,762 2,754
Costs and expenses:    
Total costs and expenses 1,678 1,655
Other income:    
Equity in earnings of unconsolidated joint ventures, net 1,290 1,158
Operating Segments | Multifamily    
Revenues:    
Total revenues 696 0
Costs and expenses:    
Total costs and expenses 1,024 192
Operating Segments | Mineral resources    
Revenues:    
Total revenues 3,533 2,595
Costs and expenses:    
Total costs and expenses 2,488 2,085
Operating loss 1,045 510
Operating Segments | Farming    
Revenues:    
Total revenues 895 1,556
Costs and expenses:    
Total costs and expenses 1,989 2,548
Operating loss (1,094) (992)
Operating Segments | Ranch operations    
Revenues:    
Total revenues 1,617 1,304
Costs and expenses:    
Total costs and expenses 1,213 1,273
Operating loss 404 31
Operating Segments | Real estate - resort/residential    
Costs and expenses:    
Total costs and expenses 356 386
Operating loss (356) (386)
Corporate expenses    
Costs and expenses:    
Total costs and expenses $ 1,886 $ 4,236