BUSINESS SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2017

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Three Months Ended				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Revenues:
Income Properties	$	7,565,007	$	6,033,082	$	14,638,247	$	12,462,323
Commercial Loan Investments		553,159		635,050		1,089,648		1,516,295
Real Estate Operations		13,257,355		4,774,620		42,731,815		14,335,518
Golf Operations		1,383,513		1,412,196		2,858,457		2,876,555
Agriculture and Other Income		78,749		18,990		232,900		37,682
Total Revenues	$	22,837,783	$	12,873,938	$	61,551,067	$	31,228,373
Operating Income:
Income Properties	$	5,935,492	$	4,829,042	$	11,597,019	$	10,081,576
Commercial Loan Investments		553,159		635,050		1,089,648		1,516,295
Real Estate Operations		7,464,826		3,649,979		27,782,437		10,953,836
Golf Operations		(18,406)		(34,980)		(42,140)		24,791
Agriculture and Other Income		48,213		(33,664)		161,927		(63,023)
General and Corporate Expense		(5,942,877)		(4,312,559)		(9,699,073)		(11,387,291)
Total Operating Income	$	8,040,407	$	4,732,868	$	30,889,818	$	11,126,184
Depreciation and Amortization:
Income Properties	$	3,108,494	$	1,724,573	$	5,794,806	$	3,705,623
Golf Operations		95,323		68,619		160,690		137,268
Agriculture and Other		11,873		12,367		22,769		30,035
Total Depreciation and Amortization	$	3,215,690	$	1,805,559	$	5,978,265	$	3,872,926
Capital Expenditures:
Income Properties	$	22,748,812	$	122,260	$	44,686,344	$	2,918,580
Golf Operations		266,758		—		1,874,500		13,161
Agriculture and Other		38,945		13,161		51,028		15,867
Total Capital Expenditures	$	23,054,515	$	135,421	$	46,611,872	$	2,947,608

	As of
	June 30, 2017		December 31, 2016
Identifiable Assets:
Income Properties	$	343,813,767	$	302,757,565
Commercial Loan Investments		24,032,397		24,032,885
Real Estate Operations		44,342,891		58,868,298
Golf Operations		6,114,499		3,675,842
Agriculture and Other		13,737,934		19,288,836
Total Assets	$	432,041,488	$	408,623,426