REVENUE RECOGNITION

3 Months Ended

Mar. 31, 2020

REVENUE RECOGNITION

REVENUE RECOGNITION

NOTE 2. REVENUE RECOGNITION

The Company implemented FASB ASC Topic 606, Revenue from Contracts with Customers effective January 1, 2018 utilizing the modified retrospective method.

The following table summarizes the Company’s revenue from continuing operations by segment, major good and/or service, and the related timing of revenue recognition for the three months ended March 31, 2020:

		Income Properties ($000's)		Management Services ($000's)		Commercial Loan Investments ($000's)		Real Estate Operations ($000's)		Total Revenues ($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	8,751	$	—	$	—	$	—	$	8,751
	Lease Revenue - CAM		784		—		—		—		784
	Lease Revenue - Reimbursements		790		—		—		—		790
	Lease Revenue - Billboards		44		—		—		—		44
	Above / Below Market Lease Accretion		474		—		—		—		474
	Contributed Leased Assets Accretion		43		—		—		—		43
	Management Services		—		702		—		—		702
	Commercial Loan Investments		—		—		1,052		—		1,052
	Mitigation Credit Sales		—		—		—		4		4
	Subsurface Revenue - Other		—		—		—		77		77
	Interest and Other Revenue		117		—		—		—		117
	Total Revenues	$	11,003	$	702	$	1,052	$	81	$	12,838
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	81	$	81
	Services Transferred Over Time		117		702		—		—		819
	Over Lease Term		10,886		—		—		—		10,886
	Commercial Loan Investment Related Revenue		—		—		1,052		—		1,052
	Total Revenues	$	11,003	$	702	$	1,052	$	81	$	12,838

The following table summarizes the Company’s revenue from continuing operations by segment, major good and/or service, and the related timing of revenue recognition for the three months ended March 31, 2019:

		Income Properties		Real Estate Operations		Total Revenues
		($000's)		($000's)		($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	8,875	$	27	$	8,902
	Lease Revenue - CAM		670		—		670
	Lease Revenue - Reimbursements		546		—		546
	Lease Revenue - Billboards		36		—		36
	Above / Below Market Lease Accretion		581		—		581
	Contributed Leased Assets Accretion		62		—		62
	Lease Incentive Amortization		(76)		—		(76)
	Land Sale Revenue		—		—		—
	Subsurface Lease Revenue		—		199		199
	Subsurface Revenue - Other		—		9		9
	Interest and Other Revenue		30		—		30
	Total Revenues	$	10,724	$	235	$	10,959
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	9	$	9
	Services Transferred Over Time		30		—		30
	Over Lease Term		10,694		226		10,920
	Commercial Loan Investment Related Revenue		—		—		—
	Total Revenues	$	10,724	$	235	$	10,959