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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
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):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |
Industrial and Commercial | $ | 5,621 |  |  | 5,354 |  |  | 3,681 |
Mining royalty lands | 12,852 |  |  | 12,527 |  |  | 10,683 |
Development | 1,205 |  |  | 1,801 |  |  | 1,674 |
Multifamily | 22,096 |  |  | 21,824 |  |  | 21,443 |
| $ | 41,774 |  |  | 41,506 |  |  | 37,481 |
Operating profit (loss): |  |  |  |  |
Before general and administrative expenses: |  |  |  |  |
Industrial and Commercial | $ | 3,110 |  |  | 3,080 |  |  | 1,995 |
Mining royalty lands | 11,853 |  |  | 11,534 |  |  | 9,768 |
Development | 192 |  |  | 517 |  |  | (612) |
Multifamily | 5,825 |  |  | 4,540 |  |  | 3,923 |
Operating profit before G&A | 20,980 |  |  | 19,671 |  |  | 15,074 |
Total general and administrative expenses | (9,276) |  |  | (7,971) |  |  | (7,078) |
| $ | 11,704 |  |  | 11,700 |  |  | 7,996 |
Interest expense | $ | 3,150 |  |  | 4,315 |  |  | 3,045 |
Depreciation, depletion and amortization: |  |  |  |  |
Industrial and Commercial | $ | 1,444 |  |  | 1,374 |  |  | 907 |
Mining royalty lands | 636 |  |  | 497 |  |  | 586 |
Development | 171 |  |  | 182 |  |  | 189 |
Multifamily | 7,936 |  |  | 8,768 |  |  | 9,535 |
| $ | 10,187 |  |  | 10,821 |  |  | 11,217 |
Capital expenditures: |  |  |  |  |
Industrial and Commercial | $ | 151 |  |  | 664 |  |  | 1,284 |
Mining royalty lands | 159 |  |  | 2 |  |  | 11,218 |
Development | 50,404 |  |  | 9,990 |  |  | 14,521 |
Multifamily | 480 |  |  | 561 |  |  | 592 |
| $ | 51,194 |  |  | 11,217 |  |  | 27,615 |
Schedule of Identifiable Net Assets |
: |  |  |  |  |
Identifiable net assets at end of period: |  |  |  |  |
Industrial and Commercial | $ | 37,527 |  |  | 38,784 |  |  | 26,053 |
Mining royalty lands | 47,527 |  |  | 48,072 |  |  | 48,494 |
Development | 144,832 |  |  | 212,384 |  |  | 188,834 |
Multifamily | 347,172 |  |  | 249,750 |  |  | 257,535 |
Investments available for sale at fair value | — |  |  | — |  |  | — |
Cash items | 149,935 |  |  | 158,415 |  |  | 178,294 |
Unallocated corporate assets | 1,492 |  |  | 1,761 |  |  | 1,874 |
| $ | 728,485 |  |  | 709,166 |  |  | 701,084 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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