SJT tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

San Juan Basin Royalty Trust Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	0.0491
Dec 31, 2024	0.0574
Dec 31, 2023	0.0591
Dec 31, 2022	0.0637
Dec 31, 2021	0.0792
Dec 31, 2020	0.1099
Dec 31, 2019	0.117
Dec 31, 2018	0.1254
Dec 31, 2017	0.1411
Dec 31, 2016	0.167
Dec 31, 2015	0.1872
Dec 31, 2014	0.2009
Dec 31, 2013	0.2353
Dec 31, 2012	0.261
Dec 31, 2011	0.282
Dec 31, 2010	0.3164
Dec 31, 2009	0.3614
Dec 31, 2008	0.388
Dec 31, 2007	0.4265
Dec 31, 2006	0.4682
Dec 31, 2005	0.5124
Dec 31, 2004	0.5723
Dec 31, 2003	0.6399
Dec 31, 2002	0.723
Dec 31, 2001	0.8123
Dec 31, 2000	0.8729
Dec 31, 1999	0.9695
Dec 31, 1998	1.0961
Dec 31, 1997	1.204
Dec 31, 1996	1.3476
Dec 31, 1995	1.5047
Dec 31, 1994	1.6199
Dec 31, 1993	1.7743
Dec 31, 1992	1.9392
Dec 31, 1991	2.009
Dec 31, 1990	2.0509
Dec 31, 1989	2.0634
Dec 31, 1988	2.1251
Dec 31, 1987	2.1654
Dec 31, 1986	2.2787
Dec 31, 1985	2.3727