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v3.20.2

Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Business segments (in thousands) |
|  | Three Months ended |  | Six Months ended
|  | June 30, |  | June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset management |  | $ | 716 |  |  |  | 662 |  |  |  | 1,368 |  |  |  | 1,303 |
Mining royalty lands |  |  | 2,402 |  |  |  | 2,633 |  |  |  | 4,587 |  |  |  | 4,862 |
Development |  |  | 279 |  |  |  | 316 |  |  |  | 572 |  |  |  | 585 |
Stabilized Joint Venture |  |  | 2,452 |  |  |  | 2,752 |  |  |  | 5,105 |  |  |  | 5,327 |
|  |  | 5,849 |  |  |  | 6,363 |  |  |  | 11,632 |  |  |  | 12,077 |
Operating profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Before corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset management |  | $ | 323 |  |  |  | 128 |  |  |  | 500 |  |  |  | 225 |
Mining royalty lands |  |  | 2,194 |  |  |  | 2,458 |  |  |  | 4,195 |  |  |  | 4,502 |
Development |  |  | (703 | ) |  |  | (565 | ) |  |  | (1,477 | ) |  |  | (1,118 | )
Stabilized Joint Venture |  |  | 416 |  |  |  | 637 |  |  |  | 993 |  |  |  | 1,049 |
Operating profit before corporate expenses |  |  | 2,230 |  |  |  | 2,658 |  |  |  | 4,211 |  |  |  | 4,658 |
Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocated to asset management |  |  | (265 | ) |  |  | (139 | ) |  |  | (573 | ) |  |  | (302 | )
Allocated to mining royalty lands |  |  | (84 | ) |  |  | (36 | ) |  |  | (181 | ) |  |  | (79 | )
Allocated to development |  |  | (617 | ) |  |  | (341 | ) |  |  | (1,329 | ) |  |  | (740 | )
Allocated to stabilized joint venture |  |  | (60 | ) |  |  | (35 | ) |  |  | (130 | ) |  |  | (75 | )
Total corporate expenses |  |  | (1,026 | ) |  |  | (551 | ) |  |  | (2,213 | ) |  |  | (1,196 | )
|  | $ | 1,204 |  |  |  | 2,107 |  |  |  | 1,998 |  |  |  | 3,462 |
Interest expense |  | $ | 45 |  |  |  | 272 |  |  |  | 96 |  |  |  | 860 |
Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset management |  | $ | 200 |  |  |  | 196 |  |  |  | 392 |  |  |  | 373 |
Mining royalty lands |  |  | 62 |  |  |  | 42 |  |  |  | 100 |  |  |  | 94 |
Development |  |  | 53 |  |  |  | 49 |  |  |  | 107 |  |  |  | 107 |
Stabilized Joint Venture |  |  | 1,185 |  |  |  | 1,185 |  |  |  | 2,369 |  |  |  | 2,385 |
|  | $ | 1,500 |  |  |  | 1,472 |  |  |  | 2,968 |  |  |  | 2,959 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset management |  | $ | 341 |  |  |  | 1,352 |  |  |  | 554 |  |  |  | 7,818 |
Mining royalty lands |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Development |  |  | 320 |  |  |  | (122 | ) |  |  | 617 |  |  |  | 248 |
Stabilized Joint Venture |  |  | 19 |  |  |  | 227 |  |  |  | (4 | ) |  |  | 110 |
|  | $ | 680 |  |  |  | 1,457 |  |  |  | 1,167 |  |  |  | 8,176 |
|  | June 30, |  |  |  | December 31, |  |
Identifiable net assets |  | 2020 |  |  |  | 2019 |  |
Asset management | $ | 18,813 |  |  |  | 18,468 |  |
Mining royalty lands |  | 37,911 |  |  |  | 38,409 |  |
Development |  | 173,334 |  |  |  | 179,357 |  |
Stabilized Joint Venture |  | 131,652 |  |  |  | 133,956 |  |
Investments available for sale at fair value |  | 130,058 |  |  |  | 137,867 |  |
Cash items |  | 34,481 |  |  |  | 26,793 |  |
Unallocated corporate assets |  | 7,868 |  |  |  | 3,298 |  |
| $ | 534,117 |  |  |  | 538,148 |  |

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