BUSINESS SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2018

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Three Months Ended				Six Months Ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Revenues:
Income Properties	$	9,781,299	$	7,565,007	$	18,987,026	$	14,638,247
Commercial Loan Investments		273,467		553,159		574,466		1,089,648
Real Estate Operations		2,484,314		13,257,355		16,463,644		42,731,815
Golf Operations		1,282,918		1,383,513		2,637,274		2,858,457
Agriculture and Other Income		11,187		78,749		22,374		232,900
Total Revenues	$	13,833,185	$	22,837,783	$	38,684,784	$	61,551,067
Operating Income:
Income Properties	$	7,746,410	$	5,935,492	$	15,083,108	$	11,597,019
Commercial Loan Investments		273,467		553,159		574,466		1,089,648
Real Estate Operations		1,614,044		7,464,826		14,057,712		27,782,437
Golf Operations		(242,135)		(18,406)		(269,604)		(42,140)
Agriculture and Other Income		6,015		48,213		12,030		161,927
General and Corporate Expense		(6,284,119)		(5,942,877)		(13,008,046)		(11,925,599)
Other Gains and Income		18,384,808		—		22,035,666		2,226,526
Total Operating Income	$	21,498,490	$	8,040,407	$	38,485,332	$	30,889,818
Depreciation and Amortization:
Income Properties	$	3,746,762	$	3,108,494	$	7,534,177	$	5,794,806
Golf Operations		99,393		95,323		202,949		160,690
Agriculture and Other		8,783		11,873		18,191		22,769
Total Depreciation and Amortization	$	3,854,938	$	3,215,690	$	7,755,317	$	5,978,265
Capital Expenditures:
Income Properties	$	969,326	$	22,748,812	$	28,884,588	$	44,686,344
Real Estate Operations		1,393,811		—		3,505,794		—
Golf Operations		22,217		266,758		24,880		1,874,500
Agriculture and Other		10,785		38,945		11,338		51,028
Total Capital Expenditures	$	2,396,139	$	23,054,515	$	32,426,600	$	46,611,872

	As of
	June 30, 2018		December 31, 2017
Identifiable Assets:
Income Properties	$	420,261,037	$	388,602,721
Commercial Loan Investments		2,994,916		11,963,777
Real Estate Operations		41,388,054		43,296,528
Golf Operations		5,709,161		6,262,634
Agriculture and Other		10,196,478		16,004,718
Total Assets	$	480,549,646	$	466,130,378