REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2019

REVENUE RECOGNITION

Summary of revenue by segment, major good and/or service, and the related timing of revenue recognition

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the three months ended September 30, 2019:

				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	8,811	$	—	$	18	$	8,829
	Lease Revenue - CAM		277		—		—		277
	Lease Revenue - Reimbursements		508		—		—		508
	Lease Revenue - Billboards		62		—		—		62
	Above / Below Market Lease Accretion		607		—		—		607
	Contributed Leased Assets Accretion		49		—		—		49
	Lease Incentive Amortization		(76)		—		—		(76)
	Interest from Commercial Loan Investments		—		855		—		855
	Land Sale Revenue		—		—		350		350
	Subsurface Lease Revenue		—		—		186		186
	Subsurface Revenue - Other		—		—		10		10
	Timber Sales Revenue		—		—		68		68
	Interest and Other Revenue		23		—		—		23
	Total Revenues	$	10,261	$	855	$	632	$	11,748
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	428	$	428
	Services Transferred Over Time		23		—		—		23
	Over Lease Term		10,238		—		204		10,442
	Commercial Loan Investment Related Revenue		—		855		—		855
	Total Revenues	$	10,261	$	855	$	632	$	11,748

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the three months ended September 30, 2018:

				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	7,446	$	—	$	—	$	7,446
	Lease Revenue - CAM		552		—		—		552
	Lease Revenue - Reimbursements		644		—		—		644
	Lease Revenue - Billboards		60		—		—		60
	Above / Below Market Lease Accretion		600		—		—		600
	Contributed Leased Assets Accretion		62		—		—		62
	Lease Incentive Amortization		(76)		—		—		(76)
	Interest from Commercial Loan Investments		—		41		—		41
	Land Sale Revenue		—		—		6,971		6,971
	Impact Fee and Mitigation Credit Sales		—		—		665		665
	Subsurface Lease Revenue		—		—		354		354
	Subsurface Revenue - Other		—		—		23		23
	Interest and Other Revenue		72		—		—		72
	Total Revenues	$	9,360	$	41	$	8,013	$	17,414
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	7,659	$	7,659
	Services Transferred Over Time		72		—		—		72
	Over Lease Term		9,288		—		354		9,642
	Commercial Loan Investment Related Revenue		—		41		—		41
	Total Revenues	$	9,360	$	41	$	8,013	$	17,414

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the nine months ended September 30, 2019:

				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	26,652	$	—	$	72	$	26,724
	Lease Revenue - CAM		1,092		—		—		1,092
	Lease Revenue - Reimbursements		1,597		—		—		1,597
	Lease Revenue - Billboards		191		—		—		191
	Above / Below Market Lease Accretion		1,811		—		—		1,811
	Contributed Leased Assets Accretion		173		—		—		173
	Lease Incentive Amortization		(227)		—		—		(227)
	Interest from Commercial Loan Investments		—		908		—		908
	Land Sale Revenue		—		—		10,900		10,900
	Subsurface Lease Revenue		—		—		598		598
	Subsurface Revenue - Other		—		—		39		39
	Timber Sales Revenue		—		—		68		68
	Interest and Other Revenue		72		—		—		72
	Total Revenues	$	31,361	$	908	$	11,677	$	43,946
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	11,007	$	11,007
	Services Transferred Over Time		72		—		—		72
	Over Lease Term		31,289		—		670		31,959
	Commercial Loan Investment Related Revenue		—		908		—		908
	Total Revenues	$	31,361	$	908	$	11,677	$	43,946

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the nine months ended September 30, 2018:

				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	22,233	$	—	$	22	$	22,255
	Lease Revenue - CAM		2,057		—		—		2,057
	Lease Revenue - Reimbursements		2,009		—		—		2,009
	Lease Revenue - Billboards		194		—		—		194
	Above / Below Market Lease Accretion		1,779		—		—		1,779
	Contributed Leased Assets Accretion		157		—		—		157
	Lease Incentive Amortization		(227)		—		—		(227)
	Interest from Commercial Loan Investments		—		616		—		616
	Land Sale Revenue		—		—		21,821		21,821
	Impact Fee and Mitigation Credit Sales		—		—		1,251		1,251
	Subsurface Lease Revenue		—		—		753		753
	Subsurface Revenue - Other		—		—		650		650
	Fill Dirt and Other Revenue		—		—		1		1
	Interest and Other Revenue		145		—		—		145
	Total Revenues	$	28,347	$	616	$	24,498	$	53,461
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	23,723	$	23,723
	Services Transferred Over Time		145		—		—		145
	Over Lease Term		28,202		—		775		28,977
	Commercial Loan Investment Related Revenue		—		616		—		616
	Total Revenues	$	28,347	$	616	$	24,498	$	53,461