7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2002-12-31 
      
    		                                                                      
      revenue:
    		                                                                      
      real estate revenue
    		83,831,000 43,828,000 38,319,000 46,479,000 27,979,000 34,533,000 34,188,000 41,712,000 39,947,000 69,345,000 35,004,000 27,027,000 17,330,000 28,027,000 36,774,000 73,014,000 23,500,000 41,063,000 21,053,000 45,789,000 18,476,000 17,555,000 5,808,000 27,854,000 13,490,000 15,553,000 4,591,000 6,122,000 6,200,000 32,159,000 7,702,000 8,334,000 10,707,000 7,150,000 1,525,000 5,409,000 4,163,000                                  
      hospitality revenue
    		60,572,000 68,746,000 39,636,000 42,205,000 55,460,000 62,321,000 39,257,000 35,474,000 47,369,000 45,099,000 24,499,000 22,348,000 29,035,000 29,556,000 16,321,000 17,279,000 22,292,000 22,627,000 13,067,000 12,598,000 17,005,000 11,565,000 6,610,000 9,118,000 14,003,000 15,560,000 7,431,000                                            
      leasing revenue
    		16,673,000 16,508,000 16,242,000 15,650,000 15,572,000 14,752,000 14,342,000 13,584,000 13,084,000 12,378,000 11,790,000 10,981,000 10,049,000 9,345,000 8,822,000 7,969,000 7,146,000 6,371,000 5,594,000 4,650,000 4,963,000 4,907,000 4,300,000 4,363,000 4,037,000 3,674,000 3,506,000 4,448,000 3,138,000 3,094,000 3,047,000 2,726,000 2,856,000 2,662,000 2,393,000 2,492,000 2,685,000                                  
      total revenue
    		161,076,000 129,082,000 94,197,000 104,334,000 99,011,000 111,606,000 87,787,000 86,738,000 101,390,000 128,167,000 72,991,000 61,624,000 57,576,000 68,250,000 64,871,000 99,456,000 53,996,000 72,239,000 41,305,000 63,860,000 42,041,000 36,082,000 18,574,000 42,659,000 32,856,000 35,546,000 16,023,000 16,302,000 23,676,000 50,434,000 19,865,000 21,561,000 33,654,000 30,383,000 13,197,000 18,747,000 27,192,000                                  
      yoy
    		62.68% 15.66% 7.30% 20.29% -2.35% -12.92% 20.27% 40.75% 76.10% 87.79% 12.52% -38.04% 6.63% -5.52% 57.05% 55.74% 28.44% 100.21% 122.38% 49.70% 27.96% 1.51% 15.92% 161.68% 38.77% -29.52% -19.34% -24.39% -29.65% 65.99% 50.53% 15.01% 23.76%                                      
      qoq
    		24.79% 37.03% -9.72% 5.38% -11.29% 27.13% 1.21% -14.45% -20.89% 75.59% 18.45% 7.03% -15.64% 5.21% -34.77% 84.19% -25.25% 74.89% -35.32% 51.90% 16.52% 94.26% -56.46% 29.84% -7.57% 121.84% -1.71% -31.15% -53.06% 153.88% -7.87% -35.93% 10.77% 130.23% -29.60% -31.06%                                   
      expenses:
    		                                                                      
      cost of real estate revenue
    		42,508,000 23,804,000 18,839,000 21,960,000 15,687,000 16,644,000 16,033,000 15,462,000 21,059,000 31,263,000 20,182,000 14,685,000 7,229,000 12,800,000 15,295,000 27,636,000 8,471,000 14,052,000 10,544,000 17,382,000 9,368,000 7,245,000 1,799,000 9,567,000 6,036,000 6,846,000 1,833,000 2,611,000 3,709,000 2,954,000 4,169,000 5,020,000 6,405,000 3,614,000 331,000 1,348,000 1,949,000                                  
      cost of hospitality revenue
    		39,653,000 42,251,000 32,404,000 31,647,000 36,522,000 37,874,000 30,343,000 29,778,000 36,159,000 33,321,000 22,927,000 19,280,000 21,959,000 21,411,000 14,868,000 14,845,000 16,536,000 15,437,000 11,495,000 8,705,000 10,973,000 8,240,000 7,320,000 8,121,000 10,191,000 9,002,000 7,065,000                                            
      cost of leasing revenue
    		7,431,000 7,639,000 7,350,000 6,563,000 7,752,000 7,317,000 7,175,000 7,119,000 6,795,000 6,542,000 5,372,000 4,993,000 4,946,000 3,998,000 3,652,000 3,323,000 3,106,000 2,527,000 2,664,000 1,962,000 2,047,000 1,314,000 612,000 1,239,000 1,351,000 1,121,000 1,066,000 2,250,000 784,000 842,000 824,000 891,000 842,000 798,000 669,000 889,000 710,000                                  
      corporate and other operating expenses
    		6,895,000 6,442,000 6,580,000 6,306,000 5,996,000 5,847,000 7,102,000 6,371,000 6,170,000 5,535,000 5,721,000 5,575,000 5,322,000 5,515,000 5,656,000                                                        
      depreciation, depletion and amortization
    		11,657,000 11,986,000 12,130,000 12,125,000 11,782,000 11,295,000 11,182,000 11,274,000 10,712,000 9,467,000 7,322,000 6,625,000 5,771,000 5,466,000 5,026,000 5,608,000 4,617,000 4,124,000 3,853,000 3,394,000 3,303,000 3,018,000 3,073,000 3,125,000 2,629,000 2,422,000 2,111,000 2,162,000 2,309,000 2,271,000 2,255,000 2,594,000 2,306,000 2,032,000 1,953,000 2,087,000 2,094,000 2,101,000 2,288,000 2,205,000 2,231,000 2,135,000 2,915,000 2,209,000 2,174,000 1,944,000 2,095,000 2,159,000 2,312,000 2,335,000 2,325,000                    
      total expenses
    		108,144,000 92,122,000 77,303,000 78,601,000 77,739,000 78,977,000 71,835,000 69,432,000 81,097,000 86,336,000 61,687,000 51,363,000 45,399,000 49,445,000 44,647,000 57,449,000 37,835,000 41,489,000 35,766,000 37,580,000 31,016,000 24,975,000 19,899,000 27,465,000 25,436,000 24,678,000 18,184,000 17,645,000 21,732,000 21,090,000 20,406,000 23,447,000 29,201,000 25,720,000 18,094,000 19,629,000 25,597,000 27,408,000 21,151,000 24,966,000 30,213,000 32,035,000 22,793,000 31,621,000 25,282,000 47,126,000 84,593,000 35,832,000 33,444,000 32,205,000 28,998,000 31,872,000 40,547,000 32,724,000 32,119,000 403,182,000 30,943,000 45,860,000 52,106,000 38,374,000 45,056,000 37,274,000 30,390,000 347,371,651 70,750 115,190,000 41,408,000    
      operating income
    		52,932,000 36,960,000 16,894,000 25,733,000 21,272,000 32,629,000 15,952,000 17,306,000 20,293,000 41,831,000 11,304,000 10,261,000 12,177,000 18,805,000 20,224,000 42,007,000 16,161,000 30,750,000 5,539,000 26,280,000 11,025,000 11,107,000 -1,325,000 15,194,000 7,420,000 10,868,000 -2,161,000 -1,343,000 1,944,000 29,344,000 -541,000 -1,886,000 4,453,000 4,663,000 -4,897,000 -882,000 1,595,000 2,143,000 -897,000 -3,863,000 -2,383,000 5,811,000 -5,702,000 -15,945,000 -1,335,000 21,038,000 509,493,000 -1,964,000 3,383,000 1,583,000 -2,225,000 -9,256,000 15,360,000 -2,367,000 -1,601,000 -383,362,000 -4,198,000 -20,576,000 21,330,000 -1,274,000 -17,951,000 -15,239,000 -17,090,000        
      yoy
    		148.83% 13.27% 5.91% 48.69% 4.82% -22.00% 41.12% 68.66% 66.65% 122.45% -44.11% -75.57% -24.65% -38.85% 265.12% 59.84% 46.59% 176.85% -518.04% 72.96% 48.58% 2.20% -38.69% -1231.35% 281.69% -62.96% 299.45% -28.79% -56.34% 529.29% -88.95% 113.83% 179.18% 117.59% 445.93% -77.17% -166.93% -63.12% -84.27% -75.77% 78.50% -72.38% -101.12% 711.86% -139.46% 1229.00% -22998.56% -78.78% -77.98% -166.88% 38.98% -97.59% -465.89% -88.50% -107.51% 29991.21% -76.61% 35.02% -224.81%            
      qoq
    		43.21% 118.78% -34.35% 20.97% -34.81% 104.54% -7.82% -14.72% -51.49% 270.05% 10.16% -15.73% -35.25% -7.02% -51.86% 159.93% -47.44% 455.15% -78.92% 138.37% -0.74% -938.26% -108.72% 104.77% -31.73% -602.92% 60.91% -169.08% -93.38% -5524.03% -71.31% -142.35% -4.50% -195.22% 455.22% -155.30% -25.57% -338.91% -76.78% 62.11% -141.01% -201.91% -64.24% 1094.38% -106.35% -95.87% -26041.60% -158.05% 113.71% -171.15% -75.96% -160.26% -748.92% 47.85% -99.58% 9032.02% -79.60% -196.47% -1774.25% -92.90% 17.80% -10.83%         
      operating margin %
    		32.86% 28.63% 17.93% 24.66% 21.48% 29.24% 18.17% 19.95% 20.01% 32.64% 15.49% 16.65% 21.15% 27.55% 31.18% 42.24% 29.93% 42.57% 13.41% 41.15% 26.22% 30.78% -7.13% 35.62% 22.58% 30.57% -13.49% -8.24% 8.21% 58.18% -2.72% -8.75% 13.23% 15.35% -37.11% -4.70% 5.87%                                  
      other income:
    		                                                                      
      investment income
    		3,117,000 3,202,000 3,428,000 3,211,000 3,445,000 3,406,000 3,441,000 3,529,000 3,649,000 3,183,000 2,921,000 2,331,000 2,735,000 2,496,000 2,300,000 2,441,000 2,331,000 1,287,000 1,195,000 2,132,000 2,405,000 2,055,000 -1,609,000 -238,000 2,371,000 2,535,000 6,046,000 -71,000 2,575,000 5,981,000 3,665,000 4,300,000 6,452,000 14,303,000 10,356,000 7,398,000 4,689,000 2,959,000 2,730,000 2,912,000 9,125,000 5,438,000 5,212,000 5,099,000 3,367,000 3,951,000 274,000 490,000 595,000 306,000 107,000 37,000 375,000 332,000 476,000 322,000 436,000 165,000 207,000 243,000 392,000 452,000 383,000 3,385,840 764 631,000 765,000    
      interest expense
    		-7,786,000 -7,760,000 -7,775,000 -8,128,000 -8,384,000 -8,519,000 -8,553,000 -8,791,000 -8,411,000 -7,207,000 -6,209,000 -5,432,000 -4,727,000 -4,071,000 -4,153,000 -4,215,000 -4,114,000 -3,854,000 -3,671,000 -3,451,000 -3,379,000 -3,390,000 -3,345,000 -3,227,000 -3,109,000 -3,024,000 -2,942,000 -2,935,000 -2,926,000 -2,954,000 -3,025,000 -3,028,000 -3,038,000 -3,035,000 -3,043,000 -3,040,000 -3,075,000 -3,145,000 -3,035,000 -3,032,000 -2,875,000 -2,645,000 -2,876,000 -2,769,000 -2,950,000 -2,249,000 -639,000 -648,000 -524,000 -269,000 -600,000 -416,000 -916,000 -657,000 -831,000 -862,000 -1,077,000 -985,000 -997,000 -1,211,000 -5,171,000 -1,136,000 -1,094,000 -1,156,668 -65 -139,000 -128,000    
      equity in income from unconsolidated joint ventures
    		3,480,000 7,547,000 10,159,000 4,032,000 6,775,000 5,411,000 7,360,000 4,292,000 8,708,000 6,038,000 3,663,000 22,571,000 2,481,000 1,430,000 -495,000                                                        
      other income
    		2,195,000 -226,000 -230,000 -134,000 -50,000 -102,000 -463,000 -87,000 1,150,000 1,467,000 713,000 6,902,000 2,128,000 4,285,000 -369,000 586,000 7,329,000 972,000 1,294,000 -18,947,000 267,000 15,477,000 4,532,000 -676,000 2,147,000 3,283,000 1,698,000 365,000 268,000 243,000 277,000 395,000 917,000 592,000                                     
      total other income
    		1,006,000 2,763,000 5,582,000 -1,020,000 1,786,000 196,000 1,799,000 -972,000 5,172,000 3,508,000 1,618,000 30,524,000 1,566,000 2,799,000 -1,740,000 -920,000 5,546,000 1,574,000 -1,062,000 -283,000 -707,000 14,142,000 -422,000 -4,141,000 1,409,000 2,794,000 4,802,000 -2,641,000 -83,000 3,270,000 917,000 11,467,000 4,331,000 11,860,000 11,364,000 5,493,000 2,049,000 415,000 12,695,000 -105,000 6,385,000 -4,220,000 2,913,000 5,084,000 804,000 2,272,000 411,000 1,802,000 977,000 1,130,000 -243,000 29,000 350,000 2,527,000 1,379,000 -5,000 299,000 303,000 337,000 -168,000 -3,698,000 520,000 -546,000 4,211,722 1,225 902,000 1,150,000    
      income before income taxes
    		53,938,000 39,723,000 22,476,000 24,713,000 23,058,000 32,825,000 17,751,000 16,334,000 25,465,000 45,339,000 12,922,000             6,283,000 8,829,000 13,662,000 2,641,000 -3,984,000 1,861,000 32,614,000 376,000 9,581,000 8,784,000 16,523,000 6,467,000 4,500,000 3,644,000 2,558,000 11,798,000                                
      income tax expense
    		-13,735,000 -9,949,000 -5,808,000 -6,593,000 -6,409,000 -8,301,000 -4,649,000 -4,300,000 -6,764,000 -11,503,000 -3,441,000 -9,746,000 -4,163,000 -5,945,000 -4,536,000 -9,802,000 -6,429,000 -7,699,000  -1,963,000 -2,441,000 -5,907,000    -3,434,000    -6,547,000  -2,707,750 -2,643,000 -5,909,000 -2,279,000 -1,977,000 -948,000 -978,000    -1,862,000    -8,690,000 -106,905,000 -39,500 -158,000                      
      net income
    		40,203,000 29,774,000 16,668,000 18,120,000 16,649,000 24,524,000 13,102,000 12,034,000 18,701,000 33,836,000 9,481,000 27,624,000 12,061,000 17,089,000 13,453,000 31,990,000 14,777,000 24,024,000 2,957,000 19,814,000 7,782,000 19,219,000 -1,335,000 8,627,000 5,826,000 10,228,000 1,980,000 -433,000 5,344,000 26,067,000 625,000 38,293,000 6,141,000 10,614,000 4,188,000 2,634,000 2,696,000 1,580,000 8,554,000 -2,742,000 2,758,000 -271,000 -1,716,000 -11,159,000 -156,000 14,609,000 402,989,000 556,000 4,190,000 2,698,000 -2,480,000 -8,638,000 15,333,000 173,000 -880,000 -328,618,000 -2,437,000 -13,343,000 14,090,000 -2,724,000 -13,126,000 -8,630,000 -11,424,000 -130,768,436 -14,490 -45,275,000 -11,799,000    
      yoy
    		141.47% 21.41% 27.22% 50.57% -10.97% -27.52% 38.19% -56.44% 55.05% 98.00% -29.53% -13.65% -18.38% -28.87% 354.95% 61.45% 89.89% 25.00% -321.50% 129.67% 33.57% 87.91% -167.42% -2092.38% 9.02% -60.76% 216.80% -101.13% -12.98% 145.59% -85.08% 1353.80% 127.78% 571.77% -51.04% -196.06% -2.25% -683.03% -598.48% -75.43% -1867.95% -101.86% -100.43% -2107.01% -103.72% 441.48% -16349.56% -106.44% -72.67% 1459.54% 181.82% -97.37% -729.18% -101.30% -106.25% 11963.80% -81.43% 54.61% -223.34% -97.92% 90486.61% -80.94% -3.18%        
      qoq
    		35.03% 78.63% -8.01% 8.84% -32.11% 87.18% 8.87% -35.65% -44.73% 256.88% -65.68% 129.04% -29.42% 27.03% -57.95% 116.49% -38.49% 712.45% -85.08% 154.61% -59.51% -1539.63% -115.47% 48.08% -43.04% 416.57% -557.27% -108.10% -79.50% 4070.72% -98.37% 523.56% -42.14% 153.44% 59.00% -2.30% 70.63% -81.53% -411.96% -199.42% -1117.71% -84.21% -84.62% 7053.21% -101.07% -96.37% 72380.04% -86.73% 55.30% -208.79% -71.29% -156.34% 8763.01% -119.66% -99.73% 13384.53% -81.74% -194.70% -617.25% -79.25% 52.10% -24.46% -91.26% 902373.68% -99.97% 283.72%     
      net income margin %
    		24.96% 23.07% 17.69% 17.37% 16.82% 21.97% 14.92% 13.87% 18.44% 26.40% 12.99% 44.83% 20.95% 25.04% 20.74% 32.16% 27.37% 33.26% 7.16% 31.03% 18.51% 53.26% -7.19% 20.22% 17.73% 28.77% 12.36% -2.66% 22.57% 51.69% 3.15% 177.60% 18.25% 34.93% 31.73% 14.05% 9.91%                                  
      net (income) loss attributable to non-controlling interest
    		-1,496,000 -250,000    -6,000        -50,000 -41,000     -28,000 -31,000 -20,000 -198,000 13,250 -109,000       33,000 -198,000          -22,000                            
      net income attributable to the company
    		38,707,000 29,524,000 17,461,000 18,920,000 16,835,000 24,518,000 13,915,000 13,185,000 19,409,000 34,727,000 10,390,000 28,129,000 12,347,000 17,039,000 13,412,000 31,937,000 15,196,000 24,224,000 3,196,000 19,786,000 7,751,000 19,199,000 -1,533,000 8,688,000 5,717,000 10,373,000 1,997,000 -66,000 5,483,000 26,195,000 757,000 38,503,000 5,943,000 10,764,000 4,368,000 2,709,000 2,711,000 1,810,000 8,665,000 -2,541,000 2,772,000 -224,000 -1,738,000 -11,100,000 -50,000 14,609,000 402,995,000 560,000 4,198,000 2,704,000 -2,474,000 -8,632,000 15,340,000 176,000 -874,000 -328,611,000 -2,431,000 -13,336,000 14,099,000 -2,713,000 -13,116,000 -8,622,000 -11,412,000 -129,948,253 -14,430 -44,620,000 -11,697,000    
      ​
    		                                                                      
      net income per share
    		               0.55 0.26 0.41 0.05 0.34 0.13 0.33 -0.03 0.15 0.1 0.17 0.03 0.01 0.09 0.41 0.01 0.55 0.08 0.15 0.06 0.03 0.04 0.02 0.12 -0.03 0.03  -0.02 -0.12  0.16 4.37  0.05 0.03 -0.03                    
      basic
    		0.67 0.51 0.3 0.32 0.29 0.42 0.24 0.22 0.33 0.6 0.18 0.48 0.21 0.29 0.23                                                        
      diluted
    		0.67 0.51 0.3 0.32 0.29 0.42 0.24 0.22 0.33 0.6 0.18 0.48 0.21 0.29 0.23                                                        
      weighted-average shares outstanding
    		               58,882,549 58,882,549 58,882,549 58,882,549 59,009,865 58,882,549 58,901,540 59,375,618 59,994,527 60,043,427 60,200,534 60,321,028 62,725,954 61,066,731 63,760,022 65,476,054 70,548,411 70,202,807 71,981,505 73,970,407 74,457,541 74,342,826 74,338,023 74,809,010 87,827,869 92,026,894 92,302,636 92,302,636 92,297,467 92,295,213 92,295,213 92,292,913 92,285,888 92,284,532 92,284,532 92,284,265  92,292,053 92,293,017 92,265,059                
      basic
    		57,841,815 58,057,268 58,244,040 58,326,286 58,331,818 58,331,818 58,320,489 58,312,878 58,314,117 58,314,117 58,309,093 58,720,050 58,814,972 58,882,392 58,882,549                                                        
      diluted
    		57,859,155 58,062,291 58,257,920 58,346,726 58,354,438 58,346,883 58,341,335 58,324,254 58,334,828 58,317,520 58,309,093 58,721,338 58,814,972 58,887,440 58,886,931                                                        
      gain on contributions to unconsolidated joint ventures
    		   -1,000   14,000 85,000 76,000 27,000 530,000 737,000 1,430,000 89,000 482,000                                                        
      net income attributable to non-controlling interest
    		  793,000 800,000 186,000  813,000 1,151,000 708,000   48,500 286,000             145,000 17,000   128,000 132,000   150,000 180,000 75,000 15,000 230,000  201,000 14,000 47,000  59,000 106,000  6,000 4,000 8,000 6,000                     
      timber revenue
    		       1,008,000 990,000 1,345,000 1,698,000 1,268,000 1,162,000 1,322,000 2,954,000 1,194,000 1,058,000 2,178,000 1,591,000 823,000 1,597,000 2,055,000 1,856,000 1,324,000 1,326,000 759,000 495,000 280,000 1,773,000 1,911,000 1,666,000 1,314,000 1,893,000 1,243,000 1,171,000 1,152,000 1,298,000                                  
      cost of timber revenue
    		       143,000 202,000 208,000 163,000 205,000 172,000 255,000 150,000 175,000 118,000 243,000 141,000 206,000 212,000 212,000 179,000 140,000 175,000 193,000 141,000 156,000 148,000 193,000 213,000 247,000 167,000 238,000 157,000 195,000 213,000                                  
      net income (income) attributable to non-controlling interest
    		         891,000 909,000     -53,000 419,000 200,000 239,000         100,000 139,000          111,000                                
      income before equity in income from unconsolidated joint ventures and income taxes
    		           13,458,000 13,743,000 21,604,000 18,484,000                                                        
      other operating and corporate expenses
    		               4,290,250 4,987,000 5,106,000 7,069,000 5,931,000 5,113,000 4,946,000 6,916,000 5,273,000 5,054,000 5,094,000 5,968,000 4,489,000 5,113,000 5,010,000 5,946,000 5,079,000 4,968,000 4,154,000 6,180,000 5,283,000 5,193,000 5,725,000 6,819,000 8,730,000 9,847,000 7,732,000 7,117,000                            
      gain on contribution to equity method investment
    		               822,500  3,169,000 120,000                                                    
      income before equity in income from unconsolidated affiliates and income taxes
    		               14,627,250 21,707,000 32,324,000 4,477,000 25,997,000 10,318,000 25,249,000 -1,747,000                 -3,968,000 4,002,000 1,591,000 -2,789,000 -10,861,000 -531,000 23,310,000 509,904,000 -162,000 4,360,000 2,713,000 -2,468,000                    
      equity in income from unconsolidated affiliates
    		               -392,500 -501,000 -601,000 -468,000 -365,000 -95,000 -123,000 -83,000                      -11,000 -11,000 -10,000 151,000 -12,000 -15,000 -12,000                    
      net income per share
    		               0.55 0.26 0.41 0.05 0.34 0.13 0.33 -0.03 0.15 0.1 0.17 0.03 0.01 0.09 0.41 0.01 0.55 0.08 0.15 0.06 0.03 0.04 0.02 0.12 -0.03 0.03  -0.02 -0.12  0.16 4.37  0.05 0.03 -0.03                    
      basic and diluted
    		                                                                      
      weighted-average shares outstanding
    		               58,882,549 58,882,549 58,882,549 58,882,549 59,009,865 58,882,549 58,901,540 59,375,618 59,994,527 60,043,427 60,200,534 60,321,028 62,725,954 61,066,731 63,760,022 65,476,054 70,548,411 70,202,807 71,981,505 73,970,407 74,457,541 74,342,826 74,338,023 74,809,010 87,827,869 92,026,894 92,302,636 92,302,636 92,297,467 92,295,213 92,295,213 92,292,913 92,285,888 92,284,532 92,284,532 92,284,265  92,292,053 92,293,017 92,265,059                
      income tax benefit
    		                  -1,052,000    495,000 -2,349,000 -3,003,000  -661,000 3,551,000 3,483,000  249,000        -3,244,000 1,226,000 -1,244,000  1,073,000 -298,000 386,000          647,000    7,553,000     -11,822.5 -11,906      
      resorts and leisure revenue
    		                           8,321,000 12,565,000 13,270,000 7,450,000 9,187,000 18,198,000 19,328,000 8,108,000 9,694,000 19,046,000                                  
      cost of resorts and leisure revenue
    		                           6,622,000 9,669,000 9,820,000 6,999,000 9,616,000 14,513,000 14,884,000 8,804,000 9,827,000 15,438,000                                  
      claim settlement
    		                                      12,548,000                                
      other
    		                                  4,051,000 371,750 435,000 601,000 452,000 15,000 135,000 -7,013,000 577,000 2,754,000 387,000 570,000 776,000 1,960,000 906,000 1,093,000 250,000 408,000 891,000 2,852,000 1,734,000 535,000 940,000 1,123,000 1,127,000 800,000 1,081,000 1,204,000 165,000 1,982,550 526 228,000 331,000    
      revenues:
    		                                                                      
      real estate sales
    		                                     6,744,000 7,081,000 9,367,000 4,880,000 14,019,000 5,437,000 4,392,000 3,910,000 48,868,000 577,746,000 17,180,000 12,823,000 6,980,000 8,056,000 5,002,000 32,082,000 4,983,000 13,946,000 5,527,000 5,677,000 3,482,000 5,212,000 23,387,000 10,866,000 2,836,000 1,834,000 78,704,992 24,271 20,243,000 8,494,000    
      resorts and leisure revenues
    		                                     19,793,000 8,751,000 8,831,000 18,537,000 19,318,000 7,803,000                            
      leasing revenues
    		                                     2,321,000 2,361,000 2,237,000 2,528,000 2,167,000 2,045,000                            
      timber sales
    		                                     693,000 2,061,000 668,000 1,885,000 2,342,000 1,806,000 1,206,000 1,061,000 1,100,000 8,139,000 8,305,000 7,695,000 9,755,000 9,695,000 10,193,000 9,558,000 9,731,000 9,495,000 7,727,000 8,186,000 8,166,000 62,624,000 7,805,000 6,817,000 7,804,000 6,415,000 26,563,608 7,053 7,167,000 6,172,000    
      total revenues
    		                                     29,551,000 20,254,000 21,103,000 27,830,000 37,846,000 17,091,000 15,676,000 23,947,000 68,164,000 594,086,000 33,868,000 36,827,000 33,788,000 26,773,000 22,616,000 55,907,000 30,357,000 30,518,000 19,820,000 26,745,000 25,284,000 73,436,000 37,100,000 27,105,000 22,035,000 13,300,000 138,151,548 43,195 40,652,000 21,605,000    
      cost of real estate sales
    		                                     2,975,000 1,765,000 4,195,000 2,480,000 6,588,000 3,137,000 2,369,000 1,924,000 20,391,000 61,994,000 8,556,000 6,979,000 3,702,000 5,040,000 3,277,000 14,391,000 2,860,000 7,665,000 3,068,000 3,624,000 2,765,000 1,780,000 3,404,000 3,335,000 1,140,000 591,000 60,400,832 22,452 11,607,000 4,109,000    
      cost of resorts and leisure revenues
    		                                     15,645,000 9,319,000 8,849,000 14,720,000 14,694,000 8,806,000                            
      cost of leasing revenues
    		                                     759,000 750,000 796,000 734,000 628,000 634,000                            
      cost of timber sales
    		                                     203,000 210,000 191,000 201,000 258,000 184,000 176,000 243,000 243,000 3,851,000 4,866,000 4,821,000 5,805,000 6,035,000 5,984,000 5,496,000 6,184,000 6,336,000 5,542,000 5,123,000 5,956,000 6,240,000 5,389,000 5,289,000 5,091,000 4,430,000 19,098,235 5,139 5,187,000 4,439,000    
      administrative costs associated with special purpose entities
    		                                             3,746,000                         
      resorts, leisure and leasing revenues
    		                                           10,078,000 18,976,000 18,196,000 8,201,000 8,383,000 16,309,000 17,053,000                     
      cost of resorts, leisure and leasing revenues
    		                                           9,465,000 14,472,000 13,631,000 8,146,000 7,649,000 12,515,000 12,660,000                     
      other operating expenses
    		                                           3,681,000 2,516,000 2,736,000 4,418,000 3,613,000 2,572,000 3,213,000 2,925,000 3,883,000 3,443,000 4,253,000 3,744,000 4,291,000 4,692,000 6,259,000 7,010,000 6,945,000 12,300,000 7,565,000 7,973,000 39,951,908 8,752 12,180,000 11,160,000    
      corporate expense
    		                                           192,000 3,953,000 4,435,000 4,089,000 3,909,000 4,245,000 4,490,000 4,388,000 3,428,000 3,188,000 4,894,000 4,431,000 -1,572,000 2,832,000 8,278,000 18,247,000 2,891,000 9,821,000 8,109,000 5,357,000 24,280,877 5,902 5,421,000 7,798,000    
      income per share
    		                                                                      
      basic and diluted
    		                                                                      
      net income per share
    		               0.55 0.26 0.41 0.05 0.34 0.13 0.33 -0.03 0.15 0.1 0.17 0.03 0.01 0.09 0.41 0.01 0.55 0.08 0.15 0.06 0.03 0.04 0.02 0.12 -0.03 0.03  -0.02 -0.12  0.16 4.37  0.05 0.03 -0.03                    
      resort, leisure and leasing revenues
    		                                                  9,022,000                    
      cost of resort, leisure and leasing revenues
    		                                                  8,285,000                    
      less: net income attributable to noncontrolling interest
    		                                                  -6,000 -4,000 -7,000   -7,000 -6,000 -7,000  -11,000 -10,000 -8,000         
      loss per share
    		                                                                      
      basic and diluted
    		                                                                      
      resort and club revenues
    		                                                   8,546,750 13,089,000 14,755,000 6,344,000 5,856,000 12,023,000 12,974,000 5,112,000 5,285,000 8,755,000 10,797,000 4,592,000        
      other revenues
    		                                                   699,750 1,178,000 888,000 733,000 710,000 859,000 662,000 488,000 623,000 667,000 598,000 459,000 3,154,312 11,279 12,835,000 6,574,000    
      cost of resort and club revenues
    		                                                   7,322,500 10,918,000 11,508,000 6,863,000 6,773,000 10,576,000 10,996,000 6,574,000 6,566,000 8,786,000 9,631,000 6,503,000        
      cost of other revenues
    		                                                   485,250 693,000 550,000 697,000 696,000 728,000 537,000 493,000 536,000 515,000 621,000 461,000 2,216,193 11,057 11,682,000 8,068,000    
      depreciation and amortization
    		                                                   1,796,250 2,400,000 2,457,000 2,328,000 2,870,000 3,020,000 3,446,000 6,504,000 3,362,000 3,356,000 3,457,000 3,482,000 15,102,635 4,003 4,307,000 4,055,000    
      impairment losses
    		                                                       374,846,000  1,697,000 782,000 4,244,000  502,000 53,000 102,650,439 11,063 19,962,000 1,536,000    
      restructuring charges
    		                                                   22,750 18,000 18,000 55,000 797,000 348,000 5,926,000 4,476,000 899,000 1,654,000 1,158,000 1,540,000 5,366,155 1,834 12,000     
      income from operations before equity in loss of unconsolidated affiliates and income taxes
    		                                                   3,912,500 15,710,000                  
      equity in loss of unconsolidated affiliates
    		                                                   -10,000 -20,000 -9,000  -42,000 -11,000       -121,919 -66 -45,000     
      income tax (benefit) expense
    		                                                   245,500 357,000 -22,000  -216,750 -1,473,000 -6,946,000     -6,590,000   -28,406,000 -6,978,000    
      earnings per share
    		                                                                      
      basic
    		                                                                      
      weighted-average shares outstanding
    		               58,882,549 58,882,549 58,882,549 58,882,549 59,009,865 58,882,549 58,901,540 59,375,618 59,994,527 60,043,427 60,200,534 60,321,028 62,725,954 61,066,731 63,760,022 65,476,054 70,548,411 70,202,807 71,981,505 73,970,407 74,457,541 74,342,826 74,338,023 74,809,010 87,827,869 92,026,894 92,302,636 92,302,636 92,297,467 92,295,213 92,295,213 92,292,913 92,285,888 92,284,532 92,284,532 92,284,265  92,292,053 92,293,017 92,265,059                
      diluted
    		57,859,155 58,062,291 58,257,920 58,346,726 58,354,438 58,346,883 58,341,335 58,324,254 58,334,828 58,317,520 58,309,093 58,721,338 58,814,972 58,887,440 58,886,931                                                        
      income from operations before equity in (loss) of unconsolidated affiliates and income taxes
    		                                                     160,000                 
      less: net (loss) attributable to noncontrolling interest
    		                                                     -3,000 -6,000    -9,000    -12,000 -204.25 -60 -655,000 -102,000    
      income from operations before equity in income of unconsolidated affiliates and income taxes
    		                                                      -222,000                
      equity in (loss)of unconsolidated affiliates
    		                                                      -11,000                
      income from continuing operations before equity in loss of unconsolidated affiliates and income taxes
    		                                                       -383,367,000 -3,899,000       -205,008,381 -26,330 -73,636,000     
      loss per share
    		                                                                      
      basic
    		                                                                      
      diluted
    		                                                                      
      income from continuing operations before equity in income of unconsolidated affiliates and income taxes
    		                                                         -20,273,000 21,667,000    -17,636,000    -18,653,000    
      equity in income of unconsolidated affiliates
    		                                                         -16,000 -24,000    -378,000    30,000    
      income per share
    		                                                                      
      basic
    		                                                                      
      diluted
    		                                                                      
      income earnings per share
    		                                                                      
      basic
    		                                                                      
      income from continuing operations attributable to the company
    		                                                          0.15 -0.03 -0.14 -0.09 -0.13        
      income from discontinued operations attributable to the company
    		                                                                      
      diluted
    		                                                                      
      pension settlement charge
    		                                                               11,169.5  44,678,000     
      income from continuing operations before equity in (loss) of unconsolidated affiliates and income taxes
    		                                                           -13,501,000 -21,649,000 -14,719,000         
      equity in (loss) of unconsolidated affiliates
    		                                                           -119,750 -50,000 -51,000         
      income tax
    		                                                           -5,325,500 -8,573,000 -6,140,000         
      income from continuing operations
    		                                                           -2,724,000 -13,126,000 -8,630,000 -11,424,000 -123,955,590 -14,490 -45,275,000 -11,645,000    
      income from discontinued operations, net of tax
    		                                                               -6,812,846   -154,000    
      loss per share
    		                                                                      
      basic
    		                                                                      
      (loss) per share
    		                                                                      
      basic
    		                                                                      
      rental revenues
    		                                                               341 592 407,000 365,000    
      cost of rental revenues
    		                                                               236.25 548 154,000 243,000    
      operating profit
    		                                                               -209,220,103 -27,555 -74,538,000 -19,803,000    
      loss on early extinguishment of debt
    		                                                                      
      income from discontinued operations
    		                                                                      
      diluted
    		                                                                      
      gain on disposition of assets
    		                                                                 182,000 182,000    
      sales
    		                                                                   16,680,000 14,320,000  
      cost of sales:
    		                                                                      
      direct costs
    		                                                                   13,150,000 10,110,000  
      selling costs
    		                                                                   2,100,000 800,000  
      other indirect costs
    		                                                                   900,000 3,100,000  
      total cost of sales
    		                                                                   16,160,000 14,010,000  
      gross profit
    		                                                                   520,000 310,000  
      yoy
    		                                                                      
      qoq
    		                                                                   67.74%   
      gross margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%                                  
      gross profit margin
    		                                                                   3,000,000 2,000,000  
      
    		                                                                      
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.