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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Rental revenue $ 6,328 $ 6,027
Mining Royalty and rents 1,857 1,638
Revenue - reimbursements 1,327 1,158
Total revenues 9,512 8,823
Cost of operations:    
Depreciation, depletion and amortization 2,095 1,896
Operating expenses 994 973
Environmental remediation expense (recovery) 0 (3,000)
Property taxes 1,089 1,118
Management company indirect 475 504
Corporate expenses (Note 4 Related Party) 855 732
Total cost of operations 5,508 2,223
Total operating profit 4,004 6,600
Interest income 0 1
Interest expense (306) (481)
Equity in loss of joint ventures (1,119) (54)
Gain on investment land sold 0 6,286
Income before income taxes 2,579 12,352
Provision for income taxes 897 4,879
Net income $ 1,682 $ 7,473
Earnings per common share:    
Basic $ 0.17 $ 0.76
Diluted $ 0.17 $ 0.76
Number of shares (in thousands) used in computing:    
-basic earnings per common share 9,879 9,802
-diluted earnings per common share 9,923 9,853