v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUES:        
Revenues $ 14,615 $ 13,488 $ 42,098 $ 34,118
COSTS AND EXPENSES:        
Selling, general, and administrative 12,537 14,294 41,580 44,645
Total costs and expenses 19,691 21,380 64,400 60,382
OTHER INCOME:        
Interest income 2,796 4,484 8,722 13,501
Loss on debt extinguishment 0 (1,824) 0 (1,824)
Miscellaneous 69 8 713 804
Total other income 2,865 2,668 9,435 12,481
EQUITY IN (LOSS) EARNINGS FROM UNCONSOLIDATED ENTITIES (2,183) 70,137 38,702 158,721
(LOSS) INCOME BEFORE INCOME TAX BENEFIT (PROVISION) (4,394) 64,913 25,835 144,938
INCOME TAX BENEFIT (PROVISION) 4 (9,199) (5,261) (20,062)
NET (LOSS) INCOME (4,390) 55,714 20,574 124,876
LESS NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1,810) 34,643 14,520 77,201
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY $ (2,580) $ 21,071 $ 6,054 $ 47,675
Common Class A        
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY PER CLASS A and B SHARE        
Basic (in dollars per share) $ (0.04) $ 0.30 $ 0.08 $ 0.68
Diluted (in dollar per share) $ (0.04) $ 0.28 $ 0.08 $ 0.65
WEIGHTED AVERAGE CLASS A and B SHARES OUTSTANDING        
Basic (in shares) 71,783,254 69,796,339 71,813,460 69,692,349
Diluted (in shares) 71,783,254 149,430,920 149,180,581 149,267,968
Common Class B        
NET (LOSS) 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 0 (12) (211) 70
Land sales | Related Party        
REVENUES:        
Revenues 0 0 (1,211) 0
Management services        
COSTS AND EXPENSES:        
Cost and expenses 5,642 5,455 18,123 10,846
Management services | Related Party        
REVENUES:        
Revenues 13,932 12,826 41,628 32,336
COSTS AND EXPENSES:        
Cost and expenses 0 0 0 0
Operating properties        
COSTS AND EXPENSES:        
Cost and expenses 1,512 1,631 4,697 4,891
Operating properties | Nonrelated Party        
REVENUES:        
Revenues $ 683 $ 674 $ 1,892 $ 1,712