v3.26.1
Segment Information - Information by Business Segment (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Transaction
Jun. 30, 2025
USD ($)
Transaction
Jun. 30, 2026
USD ($)
Transaction
Jun. 30, 2025
USD ($)
Transaction
Dec. 31, 2025
USD ($)
Segments          
Revenues $ 158,829 $ 129,082 $ 257,873 $ 223,279  
Cost of revenue 85,407 73,694 146,510 132,287  
Gross profit 73,422 55,388 111,363 90,992  
Corporate and other operating expenses [1] 7,261 6,442 15,635 13,022  
Depreciation, depletion and amortization 11,387 11,986 22,777 24,117  
Investment income, net 3,262 3,202 6,532 6,630  
Interest expense 6,880 7,760 13,974 15,535  
Equity in income (loss) from unconsolidated joint ventures 4,474 7,547 7,999 17,705  
Other income (expense), net (532) (226) (613) (454)  
Income before income taxes 55,098 39,723 72,895 62,199  
Capital expenditures 23,996 36,483 44,651 69,230  
Interest income from investments in SPEs 2,003 2,003 4,006 4,006  
Interest expense from investments in SPE 2,226 2,221 4,450 4,442  
Investment in unconsolidated joint ventures 70,274   70,274   $ 66,052
Total assets 1,508,347   1,508,347   1,518,426
Hospitality          
Segments          
Cost of revenue [1] 43,738 42,251 77,569 74,655  
Residential          
Segments          
Equity in income (loss) from unconsolidated joint ventures 4,986 8,435 10,039 21,135  
Investment in unconsolidated joint ventures 56,068   56,068   51,648
Commercial          
Segments          
Equity in income (loss) from unconsolidated joint ventures (512) (888) (2,040) (3,430)  
Investment in unconsolidated joint ventures 14,206   14,206   14,404
Operating Segments | Residential          
Segments          
Revenues 52,837 38,097 81,168 71,081  
Cost of revenue 27,518 21,138 43,221 39,104  
Gross profit 25,319 16,959 37,947 31,977  
Corporate and other operating expenses 1,498 1,151 2,843 2,355  
Depreciation, depletion and amortization 25 58 50 117  
Investment income, net 264 357 515 891  
Interest expense 89 90 178 181  
Other income (expense), net 123 75 247 181  
Income before income taxes 29,080 24,525 45,677 51,532  
Capital expenditures 14,779 26,274 26,115 51,407  
Total assets 256,566   256,566   238,506
Operating Segments | Hospitality          
Segments          
Revenues 78,930 71,157 127,984 111,708  
Cost of revenue 45,755 43,812 81,325 76,701  
Gross profit 33,175 27,345 46,659 35,007  
Corporate and other operating expenses 517 413 1,052 849  
Depreciation, depletion and amortization 7,008 7,190 14,025 14,352  
Investment income, net 111 31 185 62  
Interest expense 2,171 2,650 4,453 5,310  
Other income (expense), net (34) (63) (53) (154)  
Income before income taxes 23,556 17,060 27,261 14,404  
Capital expenditures 986 4,402 3,713 7,176  
Total assets 441,248   441,248   450,534
Operating Segments | Hospitality | Sale of vacation rental properties          
Segments          
Revenues 3,600   7,100    
Cost of revenue 1,300   2,600    
Gross profit 2,300   4,500    
Operating Segments | Hospitality | Sale of hospitality properties          
Segments          
Revenues   1,400   1,400  
Cost of revenue   800   800  
Gross profit   600   600  
Operating Segments | Commercial          
Segments          
Revenues 21,648 18,508 39,069 38,005  
Cost of revenue 7,470 7,838 13,534 14,872  
Gross profit 14,178 10,670 25,535 23,133  
Corporate and other operating expenses 1,199 1,153 2,460 2,272  
Depreciation, depletion and amortization 4,233 4,640 8,477 9,452  
Investment income, net 4 12 7 77  
Interest expense 2,392 2,797 4,888 5,600  
Other income (expense), net (723) (229) (868) (500)  
Income before income taxes 5,123 976 6,809 1,957  
Capital expenditures 7,070 5,554 12,978 10,104  
Total assets 496,271   496,271   505,490
Other          
Segments          
Revenues 5,414 1,320 9,652 2,485  
Cost of revenue 4,664 906 8,430 1,610  
Gross profit 750 414 1,222 875  
Corporate and other operating expenses 4,047 3,725 9,280 7,546  
Depreciation, depletion and amortization 121 98 225 196  
Investment income, net 2,883 2,802 5,825 5,600  
Interest expense 2,228 2,223 4,455 4,444  
Other income (expense), net 102 (9) 61 19  
Income before income taxes (2,661) (2,838) (6,852) (5,694)  
Capital expenditures 1,161 253 1,845 543  
Interest income from investments in SPEs 2,000 2,000 4,000 4,000  
Interest expense from investments in SPE 2,200 2,200 4,500 4,400  
Total assets 314,262   314,262   323,896
Latitude Margaritaville Watersound JV          
Segments          
Equity in income (loss) from unconsolidated joint ventures 4,986 8,435 10,039 21,135  
Investment in unconsolidated joint ventures 56,068   56,068   51,648
Latitude Margaritaville Watersound JV | Operating Segments | Residential          
Segments          
Equity in income (loss) from unconsolidated joint ventures $ 5,000 $ 8,400 $ 10,000 $ 21,100  
Number of home sale transactions | Transaction 86 137 169 329  
Pier Park RI JV          
Segments          
Equity in income (loss) from unconsolidated joint ventures $ (46) $ (162) $ (434) $ (1,262)  
Investment in unconsolidated joint ventures 7,160   7,160   7,494
Pier Park RI JV | Operating Segments | Commercial          
Segments          
Equity in income (loss) from unconsolidated joint ventures     (400) (1,300)  
Watersound Fountains Independent Living JV          
Segments          
Equity in income (loss) from unconsolidated joint ventures (870) (953) (1,778) (1,978)  
Investment in unconsolidated joint ventures 2,836   2,836   $ 3,159
Watersound Fountains Independent Living JV | Operating Segments | Commercial          
Segments          
Equity in income (loss) from unconsolidated joint ventures $ (900) $ (1,000) $ (1,800) $ (2,000)  
[1] Excluding depreciation, depletion and amortization, shown separately above.