XML 18 R3.htm IDEA: XBRL DOCUMENT v3.25.1
CONOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental Revenue $ 28,922 $ 28,979 $ 26,798
Mining Royalty and rents 12,852 12,527 10,683
Total Revenues 41,774 41,506 37,481
Cost of operations:      
Depreciation, depletion and amortization 10,187 10,821 11,217
Operating expenses 7,170 7,364 7,065
Property taxes 3,437 3,650 4,125
General and administrative 9,276 7,971 7,078
Total cost of operations 30,070 29,806 29,485
Total operating profit 11,704 11,700 7,996
Net investment income 11,112 10,897 5,473
Interest expense (3,150) (4,315) (3,045)
Equity in loss of joint ventures (11,359) (11,937) (5,721)
Gain on sale of real estate and other income 182 53 874
Income before income taxes 8,489 6,398 5,577
Provision for income taxes 2,029 1,516 1,530
Net income 6,460 4,882 4,047
(Loss) gain attributable to noncontrolling interest 75 (420) (518)
Net income attributable to the Company $ 6,385 $ 5,302 $ 4,565
Earnings per common share:      
Net income attributable to the Company- basic (usd per share) $ 0.34 $ 0.28 $ 0.24
Net income attributable to the Company- diluted (usd per share) $ 0.34 $ 0.28 $ 0.24
Number of shares (in thousands) used in computing:      
Number of shares (in thousands) used in computing basic earnings per common shares (in shares) 18,882 18,840 18,772
Number of shares (in thousands) used in computing basic earnings per common shares (in shares) 18,970 18,922 18,870