BUSINESS SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2017

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Three Months Ended
	March 31, 2017		March 31, 2016
Revenues:
Income Properties	$	7,073,240	$	6,429,241
Commercial Loan Investments		536,489		881,245
Real Estate Operations		29,474,460		9,560,898
Golf Operations		1,474,944		1,464,359
Agriculture and Other Income		154,151		18,692
Total Revenues	$	38,713,284	$	18,354,435
Operating Income:
Income Properties	$	5,661,527	$	5,252,534
Commercial Loan Investments		536,489		881,245
Real Estate Operations		20,317,611		7,303,857
Golf Operations		(23,734)		59,771
Agriculture and Other Income		113,714		(29,359)
General and Corporate Expense		(3,756,196)		(7,074,732)
Total Operating Income	$	22,849,411	$	6,393,316
Depreciation and Amortization:
Income Properties	$	2,686,312	$	1,981,050
Golf Operations		65,367		68,649
Agriculture and Other		10,896		17,668
Total Depreciation and Amortization	$	2,762,575	$	2,067,367
Capital Expenditures:
Income Properties	$	21,937,532	$	2,730,714
Golf Operations		1,607,742		—
Agriculture and Other		12,083		15,867
Total Capital Expenditures	$	23,557,357	$	2,746,581

	As of
	March 31, 2017		December 31, 2016
Identifiable Assets:
Income Properties	$	323,512,072	$	302,757,565
Commercial Loan Investments		24,034,727		24,032,885
Real Estate Operations		49,157,129		58,868,298
Golf Operations		5,852,607		3,675,842
Agriculture and Other		12,384,525		19,288,836
Total Assets	$	414,941,060	$	408,623,426