v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES:        
Revenues $ 13,902 $ 7,473 $ 27,483 $ 20,630
COSTS AND EXPENSES:        
Selling, general, and administrative 14,294 15,586 29,043 30,351
Total costs and expenses 21,486 19,689 44,709 39,002
OTHER INCOME:        
Interest income 2,659 4,967 5,926 9,017
Miscellaneous 36 21 644 796
Total other income 2,695 4,988 6,570 9,813
EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES 41,030 17,145 40,885 88,584
INCOME BEFORE INCOME TAX PROVISION 36,141 9,917 30,229 80,025
INCOME TAX PROVISION (6,207) (1,341) (5,265) (10,863)
NET INCOME 29,934 8,576 24,964 69,162
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 19,073 5,256 16,330 42,558
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 10,861 $ 3,320 $ 8,634 $ 26,604
Common Class A        
NET INCOME ATTRIBUTABLE TO THE COMPANY PER CLASS A and B SHARE        
Basic (in dollars per share) $ 0.15 $ 0.05 $ 0.12 $ 0.38
Diluted (in dollar per share) $ 0.15 $ 0.05 $ 0.12 $ 0.36
WEIGHTED AVERAGE CLASS A and B SHARES OUTSTANDING        
Basic (in shares) 72,138,474 69,763,845 71,828,813 69,639,492
Diluted (in shares) 149,093,240 148,724,073 149,303,258 148,743,245
Common Class B        
NET INCOME ATTRIBUTABLE TO THE COMPANY PER CLASS A and B SHARE        
Basic (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Diluted (in dollar per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
WEIGHTED AVERAGE CLASS A and B SHARES OUTSTANDING        
Basic (in shares) 76,096,410 79,233,544 76,096,410 79,233,544
Diluted (in shares) 76,096,410 79,233,544 76,096,410 79,233,544
Land sales        
COSTS AND EXPENSES:        
Cost and expenses $ 0 $ 0 $ 0 $ 0
Land sales | Nonrelated Party        
REVENUES:        
Revenues (211) (16) (211) 82
Land sales | Related Party        
REVENUES:        
Revenues (1,211) 0 (1,211) 0
Management services        
COSTS AND EXPENSES:        
Cost and expenses 5,587 2,330 12,481 5,391
Management services | Related Party        
REVENUES:        
Revenues 14,712 6,959 27,696 19,510
COSTS AND EXPENSES:        
Cost and expenses 0 0 0 0
Operating properties        
COSTS AND EXPENSES:        
Cost and expenses 1,605 1,773 3,185 3,260
Operating properties | Nonrelated Party        
REVENUES:        
Revenues $ 612 $ 530 $ 1,209 $ 1,038