BUSINESS SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2018

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Three Months Ended
	March 31, 2018		March 31, 2017
Revenues:
Income Properties	$	9,205,727	$	7,073,240
Commercial Loan Investments		300,999		536,489
Real Estate Operations		13,979,330		29,474,460
Golf Operations		1,354,356		1,474,944
Agriculture and Other Income		11,187		154,151
Total Revenues	$	24,851,599	$	38,713,284
Operating Income:
Income Properties	$	7,336,698	$	5,661,527
Commercial Loan Investments		300,999		536,489
Real Estate Operations		12,443,668		20,317,611
Golf Operations		(27,469)		(23,734)
Agriculture and Other Income		6,015		113,714
General and Corporate Expense		(3,073,069)		(3,756,196)
Total Operating Income	$	16,986,842	$	22,849,411
Depreciation and Amortization:
Income Properties	$	3,787,415	$	2,686,312
Golf Operations		103,556		65,367
Agriculture and Other		9,408		10,896
Total Depreciation and Amortization	$	3,900,379	$	2,762,575
Capital Expenditures:
Income Properties	$	27,915,262	$	21,937,532
Real Estate Operations		2,111,983		—
Golf Operations		2,663		1,607,742
Agriculture and Other		553		12,083
Total Capital Expenditures	$	30,030,461	$	23,557,357

	As of
	March 31, 2018		December 31, 2017
Identifiable Assets:
Income Properties	$	422,321,016	$	388,602,721
Commercial Loan Investments		11,979,758		11,963,777
Real Estate Operations		33,635,025		43,296,528
Golf Operations		6,243,858		6,262,634
Agriculture and Other		10,263,947		16,004,718
Total Assets	$	484,443,604	$	466,130,378