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Business Segments (Tables)
 3 Months Ended
Sep. 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   Nine Months ended
      September 30,   September 30,
      2022   2021   2022   2021
  Revenues:                                
Revenues  Asset management   $ 935       619       2,686       1,919  
Revenues  Mining royalty lands     2,471       2,249       7,779       7,198  
Revenues  Development     412       401       1,203       1,169  
Revenues  Stabilized Joint Venture     5,476       5,204       15,961       12,535  
Revenues       9,294       8,473       27,629       22,821  
                                   
  Operating profit (loss):                                
   Before corporate expenses:                                
Operating profit before corporate expenses    Asset management   $ 392       169       1,103       528  
Operating profit before corporate expenses    Mining royalty lands     2,083       2,037       6,764       6,531  
Operating profit before corporate expenses    Development     (865 )     (404 )     (2,164 )     (1,201 )
Operating profit before corporate expenses    Stabilized Joint Venture     973       (413 )     2,452       (1,357 )
Operating profit before corporate expenses     Operating profit before corporate expenses     2,583       1,389       8,155       4,501  
   Corporate expenses:                                
Corporate expenses   Allocated to asset management     (127 )     (180 )     (496 )     (682 )
Corporate expenses   Allocated to mining royalty lands     (83 )     (69 )     (325 )     (258 )
Corporate expenses   Allocated to development     (457 )     (326 )     (1,794 )     (1,267 )
Corporate expenses   Allocated to stabilized joint venture     (67 )     (82 )     (261 )     (279 )
Corporate expenses     Total corporate expenses     (734 )     (657 )     (2,876 )     (2,486 )
Corporate expenses     $ 1,849       732       5,279       2,015  
                                   
Interest expense Interest expense   $ 738       414       2,215       1,785  
                                   
  Depreciation, depletion and amortization:                                
Depreciation, depletion and amortization  Asset management   $ 219       137       683       408  
Depreciation, depletion and amortization  Mining royalty lands     172       38       416       161  
Depreciation, depletion and amortization  Development     47       53       139       159  
Depreciation, depletion and amortization  Stabilized Joint Venture     2,306       3,568       7,272       8,899  
Depreciation, depletion and amortization     $ 2,744       3,796       8,510       9,627  
  Capital expenditures:                                
Capital expenditures  Asset management   $ 202       100       797       318  
Capital expenditures  Mining royalty lands     1       —         11,218       —    
Capital expenditures  Development     8,548       4,237       13,927       10,443  
Capital expenditures  Stabilized Joint Venture     (25 )     373       195       794  
Capital expenditures     $ 8,726       4,710       26,137       11,555  
Identifiable net assets

 

        September 30,       December 31,    
  Identifiable net assets   2022       2021    
                   
Assets Asset management $ 24,468       23,897    
Assets Mining royalty lands   48,715       37,627    
Assets Development   190,883       176,386    
Assets Stabilized Joint Venture   259,369       266,429    
 Investments available for sale at fair value Investments available for sale at fair value   —         4,317    
Cash Cash items   145,365       162,273    
Assets Unallocated corporate assets   8,190       7,261    
Assets   $ 676,990       678,190