XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.1

Business Segments (Tables)

3 Months Ended

Mar. 31, 2025

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):

									Three Months ended
									March 31,
															2025						2024
Revenues:
Industrial and commercial															$	1,347					1,453
Mining royalty lands															3,234						2,963
Development															301						303
Multifamily															5,424						5,414
															$	10,306					10,133
Operating profit (loss):
Before general and administrative expenses:
Industrial and commercial															$	643					812
Mining royalty lands															2,965						2,724
Development															85						(60)
Multifamily															1,209						1,448
Operating profit before G&A															4,902						4,924
Total general and administrative expenses															2,577						2,042
															$	2,325					2,882
Interest expense															$	695					911
Depreciation, depletion and amortization:
Industrial and commercial															$	391					363
Mining royalty lands															178						149
Development															43						42
Multifamily															1,995						1,981
															$	2,607					2,535
Capital expenditures:
Industrial and commercial															$	100					145
Mining royalty lands															48						20
Development															2,650						5,954
Multifamily															302						86
															$	3,100					6,205

Schedule of Identifiable Net Assets

Identifiable net assets			March 31, 2025						December 31, 2024
Industrial and commercial			$	37,198					37,527
Mining royalty lands			47,506						47,527
Development			144,538						144,832
Multifamily			342,419						347,172
Cash items			143,634						149,935
Unallocated corporate assets			1,828						1,492
			$	717,123					728,485

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

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

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration