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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 14,259,319 $ 23,497,243
Direct Cost of Revenues    
Total Direct Cost of Revenues (3,557,757) (3,409,863)
General and Administrative Expenses (2,501,620) (2,823,548)
Depreciation and Amortization (3,346,287) (3,796,823)
Total Operating Expenses (9,405,664) (10,030,234)
Gain on Disposition of Assets 6,869,957 3,650,858
Total Operating Income 11,723,612 17,117,867
Investment Income (Loss) 38,755 12,312
Interest Expense (2,923,229) (2,561,465)
Income from Continuing Operations Before Income Tax Benefit (Expense) 8,839,138 14,568,714
Income Tax Benefit (Expense) from Continuing Operations (2,210,802) (3,558,599)
Net Income from Continuing Operations 6,628,336 11,010,115
Loss from Discontinued Operations (Net of Income Tax)—See Note 20 (160,237) (97,816)
Net Income $ 6,468,099 $ 10,912,299
Basic    
Net Income from Continuing Operations (in dollars per share) $ 1.24 $ 1.99
Net Loss from Discontinued Operations (Net of Income Tax) (in dollars per share) (0.03) (0.02)
Basic Net Income per Share (in dollars per share) 1.21 1.97
Diluted    
Net Income from Continuing Operations (in dollars per share) 1.24 1.98
Net Loss from Discontinued Operations (Net of Income Tax) (in dollars per share) (0.03) (0.02)
Diluted Net Income per Share (in dollars per share) 1.21 1.96
Dividends Declared and Paid (in dollars per share) $ 0.10 $ 0.06
Income Properties    
Revenues    
Revenues $ 10,724,418 $ 9,205,727
Direct Cost of Revenues    
Total Direct Cost of Revenues (1,932,488) (1,869,029)
Depreciation and Amortization (3,339,856) (3,787,415)
Commercial Loan Investments    
Revenues    
Revenues   300,999
Real Estate Operations    
Revenues    
Revenues 3,534,901 13,990,517
Direct Cost of Revenues    
Total Direct Cost of Revenues $ (1,625,269) $ (1,540,834)