BUSINESS SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2021

BUSINESS SEGMENT DATA

Schedule of operations in different segments

Information about the Company’s operations in different segments for the years ended December 31, 2021, 2020, and 2019 is as follows (in thousands):

	For the Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
Revenues:
Income Properties	$	50,679	$	49,953	$	41,956
Management Fee Income		3,305		2,744		304
Interest Income From Commercial Loan and Master Lease Investments		2,861		3,034		1,829
Real Estate Operations		13,427		650		852
Total Revenues	$	70,272	$	56,381	$	44,941
Operating Income (Loss):
Income Properties	$	36,864	$	37,965	$	34,955
Management Fee Income		3,305		2,744		304
Interest Income From Commercial Loan and Master Lease Investments		2,861		3,034		1,829
Real Estate Operations		4,812		(2,573)		748
General and Corporate Expense		(31,783)		(30,630)		(25,615)
Impairment Charges		(17,599)		(9,147)		—
Gain on Disposition of Assets		28,316		9,746		21,978
Gain (Loss) on Extinguishment of Debt		(3,431)		1,141		—
Total Operating Income	$	23,345	$	12,280	$	34,199
Depreciation and Amortization:
Income Properties	$	20,561	$	19,036	$	15,774
Corporate and Other		20		27		23
Total Depreciation and Amortization	$	20,581	$	19,063	$	15,797
Capital Expenditures:
Income Properties	$	256,456	$	188,849	$	166,684
Commercial Loan and Master Lease Investments		364		7,150		18,047
Discontinued Real Estate Operations		—		—		2,791
Corporate and Other		34		30		4
Total Capital Expenditures	$	256,854	$	196,029	$	187,526

Identifiable assets of each segment as of December 31, 2021 and 2020 are as follows (in thousands):

	As of
	December 31, 2021		December 31, 2020
Identifiable Assets:
Income Properties	$	630,747	$	531,325
Management Services		1,653		700
Commercial Loan and Master Lease Investments		39,095		38,321
Real Estate Operations		26,512		59,717
Discontinued Real Estate Operations		—		833
Corporate and Other		35,132		35,804
Total Assets	$	733,139	$	666,700