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Business Segments (Tables)

12 Months Ended

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

X

- 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

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-Section 50
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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

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