REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 (in thousands):

		Income Properties		Management Services		Commercial Loan Investments		Real Estate Operations		Total Revenues
Major Good / Service:
	Lease Revenue - Base Rent	$	9,181	$	—	$	—	$	—	$	9,181
	Lease Revenue - CAM		512		—		—		—		512
	Lease Revenue - Reimbursements		1,206		—		—		—		1,206
	Above / Below Market Lease Accretion		396		—		—		—		396
	Contributed Leased Assets Accretion		121		—		—		—		121
	Management Services		—		669		—		—		669
	Commercial Loan and Master Lease Investments		—		—		701		—		701
	Subsurface Revenue		—		—		—		1,893		1,893
	Interest and Other Revenue		33		—		—		—		33
	Total Revenues	$	11,449	$	669	$	701	$	1,893	$	14,712
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	1,893	$	1,893
	Services Transferred Over Time		33		669		—		—		702
	Over Lease Term		11,416		—		—		—		11,416
	Commercial Loan Investment Related Revenue		—		—		701		—		701
	Total Revenues	$	11,449	$	669	$	701	$	1,893	$	14,712

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 (in thousands):

		Income Properties		Management Services		Commercial Loan Investments		Real Estate Operations		Total Revenues
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 and Master Lease Investments		—		—		1,052		—		1,052
	Mitigation Credit Sales		—		—		—		4		4
	Subsurface Revenue		—		—		—		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