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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
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 endedSix Months ended
June 30,June 30,
2024202320242023
Revenues:
Industrial and commercial
$1,445 1,420 $2,898 2,490 
Mining royalty lands
3,231 3,264 6,194 6,546 
Development
305 467 608 953 
Multifamily
5,496 5,545 10,910 10,821 
$10,477 10,696 $20,610 20,810 
Operating profit (loss):
Before general and administrative expenses:
Industrial and commercial
$830 822 $1,642 1,413 
Mining royalty lands
2,985 3,023 5,709 6,036 
Development
137 174 77 224 
Multifamily
1,420 1,157 2,868 2,150 
Operating profit before G&A
5,372 5,176 10,296 9,823 
General and administrative expenses:
Allocated to Industrial and commercial
$(340)(412)(590)(708)
Allocated to Mining royalty lands
(342)(291)(620)(514)
Allocated to Development
(1,029)(1,461)(2,307)(2,546)
Attributable to Unconsolidated JVs
(551)— (551)— 
Allocated to Multifamily
(290)(245)(526)(434)
Total general and administrative expenses
(2,552)(2,409)(4,594)(4,202)
$2,820 2,767 $5,702 5,621 
Interest expense$829 $1,129 $1,740 2,135 
Depreciation, depletion and amortization:
Industrial and commercial
$360 359 $723 637 
Mining royalty lands
159 151 308 334 
Development
43 41 85 96 
Multifamily
1,981 2,268 3,962 4,532 
$2,543 2,819 $5,078 5,599 
Capital expenditures:
Industrial and commercial
$248 65 $393 545 
Mining royalty lands
22 — 42 — 
Development
5,927 867 11,881 1,461 
Multifamily
116 47 202 179 
$6,313 979 $12,518 2,185 
Identifiable net assets
Identifiable net assetsJune 30,
2024		December 31,
2023
Industrial and commercial$38,066 38,784 
Mining royalty lands48,391 48,072 
Development148,131 212,384 
Multifamily317,511 249,750 
Cash items158,420 158,415 
Unallocated corporate assets1,337 1,761 
$711,856 709,166