Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Operating Results and Certain Other Financial Data for 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,
	2025		2024		2025		2024
Revenues:
Industrial and commercial	$	1,374	1,445		$	2,721	2,898
Mining royalty lands	3,609		3,231		6,843		6,194
Development	300		305		601		608
Multifamily	5,567		5,496		10,991		10,910
	$	10,850	10,477		$	21,156	20,610
Operating profit (loss):
Before general and administrative expenses:
Industrial and commercial	$	443	830		$	1,086	1,642
Mining royalty lands	3,340		2,985		6,305		5,709
Development	(698)		137		(613)		77
Multifamily	1,457		1,420		2,666		2,868
Operating profit before G&A	4,542		5,372		9,444		10,296
Total general and administrative expenses	2,885		2,552		5,462		4,594
	$	1,657	2,820		$	3,982	5,702
Interest expense	$	824	$	829	$	1,519	1,740
Depreciation, depletion and amortization:
Industrial and commercial	$	571	360		$	962	723
Mining royalty lands	177		159		355		308
Development	43		43		86		85
Multifamily	1,935		1,981		3,930		3,962
	$	2,726	2,543		$	5,333	5,078
Capital expenditures:
Industrial and commercial	$	38	248		$	138	393
Mining royalty lands	180		22		228		42
Development	5,524		5,927		8,174		11,881
Multifamily	319		116		621		202
	$	6,061	6,313		$	9,161	12,518

Schedule of Identifiable Net Assets

Identifiable net assets	June 30, 2025		December 31, 2024
Industrial and commercial	$	62,571	37,527
Mining royalty lands	47,757		47,527
Development	117,587		144,832
Multifamily	337,760		347,172
Cash items	154,433		149,935
Unallocated corporate assets	2,674		1,492
	$	722,782	728,485