Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Rental revenue	$ 6,283	$ 6,089
Mining Royalty and rents	1,739	1,756
Revenue - reimbursements	1,300	1,770
Total revenues	9,322	9,615
Cost of operations:
Depreciation, depletion and amortization	2,059	1,929
Operating expenses	1,001	1,531
Property taxes	1,062	1,142
Management company indirect	469	496
Corporate expenses (Note 4 Related Party)	1,327	1,008
Total cost of operations	5,918	6,106
Total operating profit	3,404	3,509
Interest income	0	1
Interest expense	(248)	(415)
Equity in loss of joint ventures	(771)	(86)
Income before income taxes	2,385	3,009
Provision for income taxes	942	1,189
Net income	1,443	1,820
Comprehensive income	$ 1,443	$ 1,820
Earnings per common share:
Basic	$ 0.15	$ 0.18
Diluted	$ 0.14	$ 0.18
Number of shares (in thousands) used in computing:
-basic earnings per common share	9,931	9,853
-diluted earnings per common share	10,001	9,893