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Business Segments (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Company’s business segments

Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):

                           
      Years Ended December 31,
      2022   2021   2020
  Revenues:            
Revenues  Asset management   $ 3,681       2,575       2,747  
Revenues  Mining royalty lands     10,683       9,465       9,477  
Revenues  Development     1,674       1,563       1,152  
Revenues  Stabilized Joint Venture     21,443       17,617       10,207  
Revenues     $ 37,481       31,220       23,583  
  Operating profit:                        
  Before corporate expenses:                        
Operating profit before corporate expenses  Asset management   $ 1,592       612       907  
Operating profit before corporate expenses  Mining royalty lands     9,305       8,558       8,629  
Operating profit before corporate expenses  Development     (2,791 )     (2,548 )     (2,576 )
Operating profit before corporate expenses  Stabilized Joint Venture     3,552       (1,277     1,685  
Operating profit before corporate expenses  Operating profit before corporate expenses     11,658       5,345       8,645  
   Corporate expenses:                        
Corporate expenses   Allocated to asset management     (632 )     (843 )     (909 )
Corporate expenses   Allocated to mining royalty lands     (414 )     (318 )     (288 )
Corporate expenses   Allocated to Development     (2,284 )     (1,557 )     (2,108 )
Corporate expenses   Allocated to Stabilized Joint Venture     (332 )     (353 )     (206 )
Corporate expenses       (3,662 )     (3,071 )     (3,511 )
Operating profit     $ 7,996       2,274       5,134  
                           
Interest expense Interest expense   $ 3,045       2,304       1,100  
                           
  Depreciation, depletion and amortization:                        
Depreciation, depletion and amortization  Asset management   $ 907       578       652  
Depreciation, depletion and amortization  Mining royalty lands     586       199       218  
Depreciation, depletion and amortization  Development     189       208       214  
Depreciation, depletion and amortization  Stabilized Joint Venture     9,535       11,752       4,744  
Depreciation, depletion and amortization     $ 11,217       12,737       5,828  
  Capital expenditures:                        
Capital expenditures  Asset management   $ 1,284       852       924  
Capital expenditures  Mining royalty lands     11,218       522       —    
Capital expenditures  Development     14,521       14,242       16,547  
Capital expenditures  Stabilized Joint Venture     592       914       73  
Capital expenditures     $ 27,615       16,530       17,544  

 

Identifiable net assets

                           
  Identifiable net assets at end of period:                        
Assets   Asset management   $ 26,053       23,897       11,172  
Assets   Mining royalty lands     48,494       37,627       37,387  
Assets   Development     188,834       176,386       196,212  
Assets   Stabilized Joint Venture     257,535       266,429       130,472  
Investments available for sale   Investments available for sale at fair value     —         4,317       75,609  
Cash   Cash items     178,294       162,273       74,105  
Assets   Unallocated corporate assets     1,874       7,261       11,403  
Assets     $ 701,084       678,190       536,360