v3.26.1
Revenues (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Summary of revenue disaggregated by revenue source
The following presents the Company’s revenues disaggregated by revenue source:
Three Months Ended June 30,Six Months Ended June 30,
thousands2026202520262025
Revenues from contracts with customers
Condominium rights and unit sales$706,311 $193 $709,445 $535 
Master Planned Communities land sales170,936 125,041 270,509 196,683 
Builder price participation6,868 14,138 15,550 23,425 
Other revenues15,779 10,416 26,758 20,060 
Rental and lease-related revenues
Rental revenue114,198 111,092 227,747 219,505 
Insurance-related revenues
Net earned insurance premiums97,247 — 97,247 — 
Net insurance investment income10,988 — 10,988 — 
Total revenues$1,122,327 $260,880 $1,358,244 $460,208 
Summary of contract with customer, assets and liabilities The beginning and ending balances of contract liabilities and significant activity during the periods presented are as follows:
thousands
Balance at December 31, 2025
$896,896 
Consideration earned during the period(761,543)
Consideration received during the period653,737 
Balance at June 30, 2026
$789,090 
Balance at December 31, 2024
$584,536 
Consideration earned during the period(33,726)
Consideration received during the period92,582 
Balance at June 30, 2025
$643,392 
Summary of remaining performance obligation, expected timing of satisfaction The Company expects to recognize this amount as revenue over the following periods:
thousandsLess than 1 year1-2 years3 years and thereafter
Total remaining unsatisfied performance obligations$664,885 $67,475 $3,083,287