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Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

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,
			2026						2025
Revenues:
Industrial and commercial			$	1,200					1,347
Mining royalty lands			3,717						3,234
Development			482						301
Multifamily			5,195						5,424
			$	10,594					10,306

Operating profit (loss):
Before general and administrative expenses:
Industrial and commercial			$	181					643
Mining royalty lands			3,397						2,965
Development			167						85
Multifamily			852						1,209
Operating profit before G&A			4,597						4,902
Total general and administrative expenses			4,085						2,577
			$	512					2,325
Interest expense			$	708					$	695
Depreciation, depletion and amortization:
Industrial and commercial			$	566					391
Mining royalty lands			226						178
Development			43						43
Multifamily			2,007						1,995
			$	2,842					2,607
Operating expenses:
Industrial and commercial			$	326					233
Mining royalty lands			19						16
Development			59						25
Multifamily			1,726						1,585
			$	2,130					1,859
Property taxes:
Industrial and commercial			$	127					80
Mining royalty lands			75						75
Development			213						148
Multifamily			610						635
			$	1,025					938
Capital expenditures:
Industrial and commercial			$	4					100
Mining royalty lands			148						48
Development			13,150						2,650
Multifamily			122						302
			$	13,424					3,100

Schedule of Identifiable Net Assets

Identifiable net assets			March 31, 2026						December 31, 2025
Industrial and commercial			$	62,205					62,260
Mining royalty lands			47,683						47,729
Development			204,113						187,237
Multifamily			325,139						329,303
Cash items			107,859						105,361
Unallocated corporate assets			3,390						3,255
			$	750,389					735,145

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

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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
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-Section 50
-Paragraph 30
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