Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
| REVENUES: |
|
|
|
|
| Revenues |
$ 21,349
|
$ 5,393
|
$ 27,050
|
$ 10,279
|
| COSTS AND EXPENSES: |
|
|
|
|
| Selling, general, and administrative |
12,710
|
12,651
|
26,462
|
29,442
|
| Restructuring |
0
|
0
|
0
|
19,437
|
| Total costs and expenses |
24,190
|
17,229
|
41,480
|
57,980
|
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest income |
1,293
|
117
|
2,129
|
138
|
| Miscellaneous |
(20)
|
112
|
(41)
|
224
|
| Total other income |
1,273
|
229
|
2,088
|
362
|
| EQUITY IN EARNINGS (LOSS) FROM UNCONSOLIDATED ENTITIES |
52,128
|
643
|
53,176
|
(389)
|
| INCOME (LOSS) BEFORE INCOME TAX PROVISION |
50,560
|
(10,964)
|
40,834
|
(47,728)
|
| INCOME TAX PROVISION |
(5)
|
(8)
|
(13)
|
(13)
|
| NET INCOME (LOSS) |
50,555
|
(10,972)
|
40,821
|
(47,741)
|
| LESS NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS |
26,984
|
(5,861)
|
21,786
|
(25,500)
|
| NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY |
$ 23,571
|
$ (5,111)
|
$ 19,035
|
$ (22,241)
|
| Common Class A |
|
|
|
|
| NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY PER CLASS A SHARE |
|
|
|
|
| Basic (in dollars per share) |
$ 0.34
|
$ (0.07)
|
$ 0.28
|
$ (0.32)
|
| Diluted (in dollar per share) |
$ 0.34
|
$ (0.07)
|
$ 0.27
|
$ (0.33)
|
| WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING |
|
|
|
|
| Basic (in shares) |
68,811,975
|
68,495,523
|
68,758,894
|
68,332,460
|
| Diluted (in shares) |
145,040,689
|
69,635,563
|
144,939,450
|
69,472,500
|
| Common Class B |
|
|
|
|
| NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY PER CLASS A 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 SHARES OUTSTANDING |
|
|
|
|
| Basic (in shares) |
79,233,544
|
79,233,544
|
79,233,544
|
79,233,544
|
| Diluted (in shares) |
79,233,544
|
79,233,544
|
79,233,544
|
79,233,544
|
| Land sales |
|
|
|
|
| COSTS AND EXPENSES: |
|
|
|
|
| Cost and expenses |
$ 0
|
$ 0
|
$ 0
|
$ 0
|
| Land sales | Nonrelated Party |
|
|
|
|
| REVENUES: |
|
|
|
|
| Revenues |
16
|
14
|
(9)
|
571
|
| Land sales | Related Party |
|
|
|
|
| REVENUES: |
|
|
|
|
| Revenues |
(29)
|
1,711
|
595
|
1,712
|
| Management services |
|
|
|
|
| COSTS AND EXPENSES: |
|
|
|
|
| Cost and expenses |
9,682
|
2,200
|
12,048
|
4,884
|
| Management services | Related Party |
|
|
|
|
| REVENUES: |
|
|
|
|
| Revenues |
20,774
|
2,703
|
25,010
|
6,250
|
| Operating properties |
|
|
|
|
| COSTS AND EXPENSES: |
|
|
|
|
| Cost and expenses |
1,798
|
2,378
|
2,970
|
4,217
|
| Operating properties | Nonrelated Party |
|
|
|
|
| REVENUES: |
|
|
|
|
| Revenues |
$ 588
|
$ 965
|
$ 1,454
|
$ 1,746
|