v3.26.1
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2026
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 endedSix Months ended
June 30,June 30,
2026202520262025
Revenues:
Industrial and commercial$983 1,374 $2,183 2,721 
Mining royalty lands4,066 3,609 7,783 6,843 
Development595 300 1,077 601 
Multifamily5,439 5,567 10,634 10,991 
$11,083 10,850 $21,677 21,156 
Operating profit (loss):
Before general and administrative expenses:
Industrial and commercial$(3)443 $178 1,086 
Mining royalty lands3,679 3,340 7,076 6,305 
Development287 (698)454 (613)
Multifamily1,183 1,457 2,035 2,666 
Operating profit before G&A5,146 4,542 9,743 9,444 
Total general and administrative expenses3,687 2,885 7,772 5,462 
$1,459 1,657 $1,971 3,982 
Depreciation, depletion and amortization:
Industrial and commercial$600 571 $1,166 962 
Mining royalty lands271 177 497 355 
Development43 43 86 86 
Multifamily2,009 1,935 4,016 3,930 
$2,923 2,726 $5,765 5,333 
Operating expenses:
Industrial and commercial$259 230 $585 463 
Mining royalty lands38 16 57 32 
Development52 807 111 832 
Multifamily1,623 1,527 3,349 3,112 
$1,972 2,580 $4,102 4,439 
Property taxes:
Industrial and commercial$127 130 $254 210 
Mining royalty lands78 76 153 151 
Development213 148 426 296 
Multifamily624 648 1,234 1,283 
$1,042 1,002 $2,067 1,940 
Capital expenditures:
Industrial and commercial$226 38 $230 138 
Mining royalty lands103 180 251 228 
Development18,378 5,524 31,528 8,174 
Multifamily135 319 257 621 
$18,842 6,061 $32,266 9,161 
Schedule of Identifiable Net Assets
Identifiable net assetsJune 30,
2026		December 31,
2025
Industrial and commercial$61,662 62,260 
Mining royalty lands47,661 47,729 
Development227,233 187,237 
Multifamily321,441 329,303 
Cash items100,975 105,361 
Unallocated corporate assets3,341 3,255 
$762,313 735,145