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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental revenue $ 9,165 $ 6,283
Mining Royalty and rents 1,750 1,739
Revenue - reimbursements 1,707 1,300
Total revenues 12,622 9,322
Cost of operations:    
Depreciation, depletion and amortization 4,283 2,059
Operating expenses 2,043 1,001
Property taxes 1,473 1,062
Management company indirect 539 469
Corporate expenses (Note 4 Related Party) 1,426 1,327
Total cost of operations 9,764 5,918
Total operating profit 2,858 3,404
Interest income 5 0
Interest expense (1,243) (248)
Equity in loss of joint ventures (12) (771)
Income before income taxes 1,608 2,385
Provision for income taxes 579 942
Net income 1,029 1,443
Loss attributable to noncontrolling interest (531) 0
Net income attributable to the Company $ 1,560 $ 1,443
Earnings per common share:    
Basic $ 0.16 $ 0.15
Diluted $ 0.15 $ 0.14
Number of shares (in thousands) used in computing:    
-basic earnings per common share 10,015 9,931
-diluted earnings per common share 10,085 10,001