REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 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 year ended December 31, 2021 (in thousands):

		Income Properties		Management Services		Commercial Loan and Master Lease Investments		Real Estate Operations		Total Revenues
Major Good / Service:
	Lease Revenue - Base Rent	$	41,151	$	—	$	—	$	—	$	41,151
	Lease Revenue - CAM		3,791		—		—		—		3,791
	Lease Revenue - Reimbursements		4,763		—		—		—		4,763
	Lease Revenue - Billboards		6		—		—		—		6
	Above / Below Market Lease Accretion		404		—		—		—		404
	Contributed Leased Assets Accretion		236		—		—		—		236
	Management Services		—		3,305		—		—		3,305
	Commercial Loan and Master Lease Investments		—		—		2,861		—		2,861
	Mitigation Credit Sales		—		—		—		708		708
	Subsurface Revenue - Other		—		—		—		4,724		4,724
	Land Sales Revenue		—		—		—		7,995		7,995
	Interest and Other Revenue		328		—		—		—		328
	Total Revenues	$	50,679	$	3,305	$	2,861	$	13,427	$	70,272
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	13,427	$	13,427
	Services Transferred Over Time		328		3,305		—		—		3,633
	Over Lease Term		50,351		—		—		—		50,351
	Commercial Loan and Master Lease Investments Related Revenue		—		—		2,861		—		2,861
	Total Revenues	$	50,679	$	3,305	$	2,861	$	13,427	$	70,272

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 year ended December 31, 2020 (in thousands):

		Income Properties		Management Services		Commercial Loan and Master Lease Investments		Real Estate Operations		Total Revenues
Major Good / Service:
	Lease Revenue - Base Rent	$	37,826	$	—	$	—	$	—	$	37,826
	Lease Revenue - CAM		3,154		—		—		—		3,154
	Lease Revenue - Reimbursements		6,182		—		—		—		6,182
	Lease Revenue - Billboards		231		—		—		—		231
	Above / Below Market Lease Accretion		1,754		—		—		—		1,754
	Contributed Leased Assets Accretion		245		—		—		—		245
	Management Services		—		2,744		—		—		2,744
	Commercial Loan and Master Lease Investments		—		—		3,034		—		3,034
	Mitigation Credit Sales		—		—		—		6		6
	Subsurface Revenue - Other		—		—		—		638		638
	Fill Dirt and Other Revenue		—		—		—		6		6
	Interest and Other Revenue		561		—		—		—		561
	Total Revenues	$	49,953	$	2,744	$	3,034	$	650	$	56,381
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	6	$	6
	Services Transferred Over Time		561		2,744		—		644		3,949
	Over Lease Term		49,392		—		—		—		49,392
	Commercial Loan and Master Lease Investments Related Revenue		—		—		3,034		—		3,034
	Total Revenues	$	49,953	$	2,744	$	3,034	$	650	$	56,381

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 year ended December 31, 2019 (in thousands):

		Income Properties		Management Services		Commercial Loan and Master Lease Investments		Real Estate Operations		Total Revenues
Major Good / Service:
	Lease Revenue - Base Rent	$	35,108	$	—	$	—	$	—	$	35,108
	Lease Revenue - CAM		1,422		—		—		—		1,422
	Lease Revenue - Reimbursements		2,759		—		—		—		2,759
	Lease Revenue - Billboards		243		—		—		—		243
	Above / Below Market Lease Accretion		2,383		—		—		—		2,383
	Contributed Leased Assets Accretion		217		—		—		—		217
	Lease Incentive Amortization		(277)		—		—		—		(277)
	Management Services		—		304		—		—		304
	Commercial Loan and Master Lease Investments		—		—		1,829		—		1,829
	Subsurface Lease Revenue		—		—		—		598		598
	Subsurface Revenue - Other		—		—		—		150		150
	Fill Dirt and Other Revenue		—		—		—		104		104
	Interest and Other Revenue		101		—		—		—		101
	Total Revenues	$	41,956	$	304	$	1,829	$	852	$	44,941
Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	—	$	254	$	254
	Services Transferred Over Time		101		304		—		—		405
	Over Lease Term		41,855		—		—		598		42,453
	Commercial Loan and Master Lease Investments Related Revenue		—		—		1,829		—		1,829
	Total Revenues	$	41,956	$	304	$	1,829	$	852	$	44,941