REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2020

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 from continuing operations by segment, major good and/or service, and the related timing of revenue recognition for the three months ended September 30, 2020:

		Income Properties		Management Services		Commercial Loan and Master Lease Investments		Real Estate Operations		Total Revenues
		($000's)		($000's)		($000's)		($000's)		($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	9,610	$	—	$	—	$	—	$	9,610
	Lease Revenue - CAM		866		—		—		—		866
	Lease Revenue - Reimbursements		1,432		—		—		—		1,432
	Lease Revenue - Billboards		43		—		—		—		43
	Above / Below Market Lease Accretion		433		—		—		—		433
	Lease Incentive Amortization		43		—		—		—		43
	Management Services		—		682		—		—		682
	Commercial Loan and Master Lease Investments		—		—		413		—		413
	Subsurface Revenue - Other		—		—		—		544		544
	Interest and Other Revenue		506		—		—		—		506
	Total Revenues	$	12,933	$	682	$	413	$	544	$	14,572
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	544	$	544
	Services Transferred Over Time		506		682		—		—		1,188
	Over Lease Term		12,427		—		—		—		12,427
	Commercial Loan and Master Lease Investments Related Revenue		—		—		413		—		413
	Total Revenues	$	12,933	$	682	$	413	$	544	$	14,572

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 September 30, 2019:

		Income Properties		Commercial Loan and Master Lease Investments		Real Estate Operations		Total 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)
	Commercial Loan and Master Lease Investments		—		855		—		855
	Subsurface Lease Revenue		—		—		186		186
	Subsurface Revenue - Other		—		—		10		10
	Interest and Other Revenue		23		—		—		23
	Total Revenues	$	10,261	$	855	$	214	$	11,330
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	10	$	10
	Services Transferred Over Time		23		—		—		23
	Over Lease Term		10,238		—		204		10,442
	Commercial Loan and Master Lease Investments Related Revenue		—		855		—		855
	Total Revenues	$	10,261	$	855	$	214	$	11,330

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 nine months ended September 30, 2020:

		Income Properties ($000's)		Management Services ($000's)		Commercial Loan and Master Lease Investments ($000's)		Real Estate Operations ($000's)		Total Revenues ($000's)
Major Good / Service:
	Lease Revenue - Base Rent	$	27,630	$	—	$	—	$	—	$	27,630
	Lease Revenue - CAM		2,452		—		—		—		2,452
	Lease Revenue - Reimbursements		2,918		—		—		—		2,918
	Lease Revenue - Billboards		170		—		—		—		170
	Above / Below Market Lease Accretion		1,352		—		—		—		1,352
	Lease Incentive Amortization		130		—		—		—		130
	Management Services		—		2,080		—		—		2,080
	Commercial Loan and Master Lease Investments		—		—		2,300		—		2,300
	Mitigation Credit Sales		—		—		—		4		4
	Subsurface Revenue - Other		—		—		—		627		627
	Interest and Other Revenue		757		—		—		—		757
	Total Revenues	$	35,409	$	2,080	$	2,300	$	631	$	40,420
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	631	$	631
	Services Transferred Over Time		757		2,080		—		—		2,837
	Over Lease Term		34,652		—		—		—		34,652
	Commercial Loan and Master Lease Investments Related Revenue		—		—		2,300		—		2,300
	Total Revenues	$	35,409	$	2,080	$	2,300	$	631	$	40,420

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 nine months ended September 30, 2019:

		Income Properties ($000's)		Commercial Loan and Master Lease Investments ($000's)		Real Estate Operations ($000's)		Total Revenues ($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)
	Commercial Loan and Master Lease Investments		—		908		—		908
	Subsurface Lease Revenue		—		—		598		598
	Subsurface Revenue - Other		—		—		39		39
	Interest and Other Revenue		72		—		—		72
	Total Revenues	$	31,361	$	908	$	709	$	32,978
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	39	$	39
	Services Transferred Over Time		72		—		—		72
	Over Lease Term		31,289		—		670		31,959
	Commercial Loan and Master Lease Investments Related Revenue		—		908		—		908
	Total Revenues	$	31,361	$	908	$	709	$	32,978