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v3.2.0.727

Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Revenues: |  |  |  |
Total revenues | $ 7,000 | $ 8,321 | $ 23,633 | $ 22,856
Costs and Expenses: |  |  |  |
Total expenses | 8,402 | 8,347 | 23,915 | 21,873
Operating income (loss) | (1,402) | (26) | (282) | 983
Other Income: |  |  |  |
Investment income | 142 | 185 | 297 | 383
Other income | 17 | 20 | 55 | 47
Total other income | 159 | 205 | 352 | 430
Income (loss) from operations before equity in earnings of unconsolidated joint ventures | (1,243) | 179 | 70 | 1,413
Equity in earnings of unconsolidated joint ventures, net | 1,656 | 1,148 | 2,806 | 1,586
Income before income tax expense | 413 | 1,327 | 2,876 | 2,999
Income tax expense | 36 | 479 | 898 | 1,020
Net income | 377 | 848 | 1,978 | 1,979
Net loss attributable to non-controlling interest | (29) | (26) | (45) | (8)
Net income attributable to common stockholders | $ 406 | $ 874 | $ 2,023 | $ 1,987
Net income per share attributable to common stockholders, basic, in dollars per share | $ 0.02 | $ 0.04 | $ 0.10 | $ 0.10
Net income per share attributable to common stockholders, diluted, in dollars per share | $ 0.02 | $ 0.04 | $ 0.10 | $ 0.10
Real estate - commercial/industrial |  |  |  |
Revenues: |  |  |  |
Total revenues | $ 3,025 | $ 2,553 | $ 6,387 | $ 5,495
Costs and Expenses: |  |  |  |
Total expenses | 3,095 | 3,336 | 6,297 | 6,647
Real estate - resort/residential |  |  |  |
Revenues: |  |  |  |
Total revenues | 0 | 90 | 0 | 183
Costs and Expenses: |  |  |  |
Total expenses | 576 | 687 | 1,327 | 1,151
Mineral resources |  |  |  |
Revenues: |  |  |  |
Total revenues | 2,652 | 2,754 | 12,852 | 12,408
Costs and Expenses: |  |  |  |
Total expenses | 723 | 626 | 6,417 | 5,427
Farming |  |  |  |
Revenues: |  |  |  |
Total revenues | 1,323 | 2,924 | 4,394 | 4,770
Costs and Expenses: |  |  |  |
Total expenses | 1,244 | 1,428 | 3,587 | 3,292
Corporate expenses |  |  |  |
Costs and Expenses: |  |  |  |
Total expenses | $ 2,764 | $ 2,270 | $ 6,287 | $ 5,356

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