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Business Segments (Tables)
 3 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Business Segments

Operating results and certain other financial data for the Company’s Business Segments are as follows (in thousands):

 

                                   
      Three Months ended   Six Months ended
      June 30,   June 30,
      2022   2021   2022   2021
  Revenues:                                
Revenues  Asset management   $ 912       588       1,751       1,300  
Revenues  Mining royalty lands     2,883       2,634       5,308       4,949  
Revenues  Development     408       451       791       768  
Revenues  Stabilized Joint Venture     5,425       4,822       10,485       7,331  
Revenues       9,628       8,495       18,335       14,348  
                                   
  Operating profit (loss):                                
   Before corporate expenses:                                
Operating profit before corporate expenses    Asset management   $ 419       128       711       359  
Operating profit before corporate expenses    Mining royalty lands     2,498       2,400       4,681       4,494  
Operating profit before corporate expenses    Development     (581 )     (411 )     (1,299 )     (797 )
Operating profit before corporate expenses    Stabilized Joint Venture     1,037       (1,226 )     1,479       (944 )
Operating profit before corporate expenses     Operating profit before corporate expenses     3,373       891       5,572       3,112  
   Corporate expenses:                                
Corporate expenses   Allocated to asset management     (225 )     (288 )     (369 )     (502 )
Corporate expenses   Allocated to mining royalty lands     (148 )     (108 )     (242 )     (189 )
Corporate expenses   Allocated to development     (816 )     (522 )     (1,337 )     (941 )
Corporate expenses   Allocated to stabilized joint venture     (118 )     (132 )     (194 )     (197 )
Corporate expenses     Total corporate expenses     (1,307 )     (1,050 )     (2,142 )     (1,829 )
Corporate expenses     $ 2,066       (159 )      3,430       1,283  
                                   
Interest expense Interest expense   $ 739       446       1,477       1,371  
                                   
  Depreciation, depletion and amortization:                                
Depreciation, depletion and amortization  Asset management   $ 230       134       464       271  
Depreciation, depletion and amortization  Mining royalty lands     189       58       244       123  
Depreciation, depletion and amortization  Development     47       53       92       106  
Depreciation, depletion and amortization  Stabilized Joint Venture     2,402       4,143       4,966       5,331  
Depreciation, depletion and amortization     $ 2,868       4,388       5,766       5,831  
  Capital expenditures:                                
Capital expenditures  Asset management   $ 145       139       595       218  
Capital expenditures  Mining royalty lands     11,126       —         11,217       —    
Capital expenditures  Development     2,426       2,907       5,379       6,206  
Capital expenditures  Stabilized Joint Venture     78       412       220       421  
Capital expenditures     $ 13,775       3,458       17,411       6,845  

 
Indentifiable net assets

 

        June 30,       December 31,    
  Identifiable net assets   2022       2021    
                   

Assets

 Asset management $ 24,340       23,897    
Assets Mining royalty lands   48,835       37,627    
Assets Development   175,925       176,386    
Assets Stabilized Joint Venture   261,594       266,429    
Investments available for sale Investments available for sale at fair value   —         4,317    
Cash Cash items   160,027       162,273    
Assets Unallocated corporate assets   6,319       7,261    
Assets   $ 677,040       678,190