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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Company’s business segments | Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):
|  |  | Years Ended December 31,
|  |  | 2023 |  | 2022 |  | 2021
| Revenues: |  |  |  |  |  |
Revenues | Industrial and Commercial |  | $ | 5,354 |  |  |  | 3,681 |  |  |  | 2,575 |
Revenues | Mining royalty lands |  |  | 12,527 |  |  |  | 10,683 |  |  |  | 9,465 |
Revenues | Development |  |  | 1,801 |  |  |  | 1,674 |  |  |  | 1,563 |
Revenues | Multifamily |  |  | 21,824 |  |  |  | 21,443 |  |  |  | 17,617 |
Revenues |  |  | $ | 41,506 |  |  |  | 37,481 |  |  |  | 31,220 |
| Operating profit: |  |  |  |  |  |  |  |  |  |  |  |
| Before corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
Operating profit before corporate expenses | Industrial and Commercial |  | $ | 2,551 |  |  |  | 1,592 |  |  |  | 612 |
Operating profit before corporate expenses | Mining royalty lands |  |  | 11,009 |  |  |  | 9,305 |  |  |  | 8,558 |
Operating profit before corporate expenses | Development |  |  | (1,954 | ) |  |  | (2,791 | ) |  |  | (2,548 | )
Operating profit before corporate expenses | Multifamily |  |  | 4,096 |  |  |  | 3,552 |  |  |  | (1,277 | )
Operating profit before corporate expenses | Operating profit before corporate expenses |  |  | 15,702 |  |  |  | 11,658 |  |  |  | 5,345 |
| Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses | Allocated to Industrial and Commercial |  |  | (787 | ) |  |  | (632 | ) |  |  | (843 | )
Corporate expenses | Allocated to Mining royalty lands |  |  | (449 | ) |  |  | (414 | ) |  |  | (318 | )
Corporate expenses | Allocated to Development |  |  | (2,387 | ) |  |  | (2,284 | ) |  |  | (1,557 | )
Corporate expenses | Allocated to Multifamily |  |  | (379 | ) |  |  | (332 | ) |  |  | (353 | )
Corporate expenses |  |  |  | (4,002 | ) |  |  | (3,662 | ) |  |  | (3,071 | )
Operating profit |  |  | $ | 11,700 |  |  |  | 7,996 |  |  |  | 2,274 |
Interest expense | Interest expense |  | $ | 4,315 |  |  |  | 3,045 |  |  |  | 2,304 |
| Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | Industrial and Commercial |  | $ | 1,374 |  |  |  | 907 |  |  |  | 578 |
Depreciation, depletion and amortization | Mining royalty lands |  |  | 497 |  |  |  | 586 |  |  |  | 199 |
Depreciation, depletion and amortization | Development |  |  | 182 |  |  |  | 189 |  |  |  | 208 |
Depreciation, depletion and amortization | Multifamily |  |  | 8,768 |  |  |  | 9,535 |  |  |  | 11,752 |
Depreciation, depletion and amortization |  |  | $ | 10,821 |  |  |  | 11,217 |  |  |  | 12,737 |
| Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | Industrial and Commercial |  | $ | 664 |  |  |  | 1,284 |  |  |  | 852 |
Capital expenditures | Mining royalty lands |  |  | 2 |  |  |  | 11,218 |  |  |  | 522 |
Capital expenditures | Development |  |  | 9,990 |  |  |  | 14,521 |  |  |  | 14,242 |
Capital expenditures | Multifamily |  |  | 561 |  |  |  | 592 |  |  |  | 914 |
Capital expenditures |  |  | $ | 11,217 |  |  |  | 27,615 |  |  |  | 16,530 |
Identifiable net assets | Identifiable net assets:
| Identifiable net assets at end of period: |  |  |  |  |  |  |  |  |  |  |  |
Assets | Industrial and Commercial |  | $ | 38,784 |  |  |  | 26,053 |  |  |  | 23,897 |
Assets | Mining royalty lands |  |  | 48,072 |  |  |  | 48,494 |  |  |  | 37,627 |
Assets | Development |  |  | 212,384 |  |  |  | 188,834 |  |  |  | 176,386 |
Assets | Multifamily |  |  | 249,750 |  |  |  | 257,535 |  |  |  | 266,429 |
Investments available for sale | Investments available for sale at fair value |  |  | — |  |  |  | — |  |  |  | 4,317 |
Cash | Cash items |  |  | 158,415 |  |  |  | 178,294 |  |  |  | 162,273 |
Assets | Unallocated corporate assets |  |  | 1,761 |  |  |  | 1,874 |  |  |  | 7,261 |
Assets |  |  | $ | 709,166 |  |  |  | 701,084 |  |  |  | 678,190 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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