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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2023
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,
      2023   2022   2021
  Revenues:            
Revenues  Industrial and Commercial   $ 5,354       3,681       2,575  
Revenues  Mining royalty lands     12,527       10,683       9,465  
Revenues  Development     1,801       1,674       1,563  
Revenues  Multifamily     21,824       21,443       17,617  
Revenues     $ 41,506       37,481       31,220  
  Operating profit:                        
  Before corporate expenses:                        
Operating profit before corporate expenses  Industrial and Commercial   $ 2,551       1,592       612  
Operating profit before corporate expenses  Mining royalty lands     11,009       9,305       8,558  
Operating profit before corporate expenses  Development     (1,954 )     (2,791 )     (2,548 )
Operating profit before corporate expenses  Multifamily     4,096       3,552       (1,277 ) 
Operating profit before corporate expenses  Operating profit before corporate expenses     15,702       11,658       5,345  
   Corporate expenses:                        
Corporate expenses   Allocated to Industrial and Commercial     (787 )     (632 )     (843 )
Corporate expenses   Allocated to Mining royalty lands     (449 )     (414 )     (318 )
Corporate expenses   Allocated to Development     (2,387 )     (2,284 )     (1,557 )
Corporate expenses   Allocated to Multifamily     (379 )     (332 )     (353 )
Corporate expenses       (4,002 )     (3,662 )     (3,071 )
Operating profit     $ 11,700       7,996       2,274  
                           
Interest expense Interest expense   $ 4,315       3,045       2,304  
                           
  Depreciation, depletion and amortization:                        
Depreciation, depletion and amortization  Industrial and Commercial   $ 1,374       907       578  
Depreciation, depletion and amortization  Mining royalty lands     497       586       199  
Depreciation, depletion and amortization  Development     182       189       208  
Depreciation, depletion and amortization  Multifamily     8,768       9,535       11,752  
Depreciation, depletion and amortization     $ 10,821       11,217       12,737  
  Capital expenditures:                        
Capital expenditures  Industrial and Commercial   $ 664       1,284       852  
Capital expenditures  Mining royalty lands     2       11,218       522  
Capital expenditures  Development     9,990       14,521       14,242  
Capital expenditures  Multifamily     561       592       914  
Capital expenditures     $ 11,217       27,615       16,530  
                         

 

 
Identifiable net assets

:

  Identifiable net assets at end of period:                        
Assets   Industrial and Commercial   $ 38,784       26,053       23,897  
Assets   Mining royalty lands     48,072       48,494       37,627  
Assets   Development     212,384       188,834       176,386  
Assets   Multifamily     249,750       257,535       266,429  
Investments available for sale   Investments available for sale at fair value     —         —         4,317  
Cash   Cash items     158,415       178,294       162,273  
Assets   Unallocated corporate assets     1,761       1,874       7,261  
Assets     $ 709,166       701,084       678,190