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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 1,634 $ 1,335
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 2,716 2,596
Deferred income taxes (33) 0
Equity in loss of joint ventures 2,031 3,019
Stock-based compensation 365 320
Net changes in operating assets and liabilities:    
Accounts receivable 67 (351)
Deferred costs and other assets (168) 75
Accounts payable and accrued liabilities (2,610) (4,509)
Income taxes payable and receivable 508 397
Other long-term liabilities (7) 24
Net cash provided by operating activities 4,503 2,906
Cash flows from investing activities:    
Investments in properties (3,100) (6,205)
Investments in joint ventures (1,215) (7,771)
Return of capital from investments in joint ventures 4,780 6,546
Cash held in escrow 613 205
Net cash provided by (used in) investing activities 1,078 (7,225)
Cash flows from financing activities:    
Proceeds from long-term debt 718 0
Debt issue costs (1,379) 0
Distribution to noncontrolling interests (10,736) (752)
Contributions from noncontrolling interest 128 0
Net cash used in financing activities (11,269) (752)
Net decrease in cash and cash equivalents (5,688) (5,071)
Cash and cash equivalents at beginning of year 148,620 157,555
Cash and cash equivalents at end of the period 142,932 152,484
Cash paid during the period for:    
Interest 650 903
Income taxes $ 15 $ 0