Feb. 22 at 1:31 PM
$TPL I asked ChatGPT about investing in land trusts associated with railways and adjacent lands, it gave me the following:
Railroad land-grant descendants (public stocks that own land + mineral rights)
The cleanest modern example is Texas Pacific Land Corporation (NYSE: TPL).
• It traces back to 3.5 million acres earned by the Texas & Pacific Railway in the 1800s; after the railroad’s bankruptcy, the land was placed into a trust in 1888 for bondholders. 
• That trust later reorganized into the current corporation in 2021. 
• Today TPL monetizes the land largely through oil & gas royalties and water-related businesses in the Permian Basin. 
• And it has explicitly pursued data-center development on its land via a strategic deal (including water supply rights).