Quarterly report [Sections 13 or 15(d)]

Real Estate Activity

v3.25.1
Real Estate Activity
3 Months Ended
Mar. 31, 2025
Real Estate [Abstract]  
Real Estate Activity Real Estate Activity
As of March 31, 2025 and December 31, 2024, we owned the following land and real estate (in thousands, except number of acres):
March 31,
2025
December 31,
2024
Number of Acres Net Book Value Number of Acres Net Book Value
Land (surface rights) (1)
798,643  $ —  798,643  $ — 
Real estate acquired 74,493  143,183  74,493  143,178 
Total real estate 873,136  $ 143,183  873,136  $ 143,178 
(1)Real estate assigned through the Declaration of Trust.
There were no land sales for the three months ended March 31, 2025. For the three months ended March 31, 2024, we sold 41 acres of land in Texas for an aggregate sales price of $1.2 million. There were no land acquisitions for the three months ended March 31, 2025 or 2024.