BUSINESS SEGMENT DATA (Tables)

9 Months Ended

Sep. 30, 2022

BUSINESS SEGMENT DATA

Schedule of operations in different segments

Information about the Company’s operations in different segments for the three and nine months ended September 30, 2022 and 2021 are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Revenues:
Income Properties	$	17,694	$	13,734	$	49,229	$	36,757
Management Fee Income		951		940		2,835		2,361
Interest Income From Commercial Loans and Investments		1,323		726		3,331		2,136
Real Estate Operations		3,149		1,177		4,395		4,318
Total Revenues	$	23,117	$	16,577	$	59,790	$	45,572
Operating Income:
Income Properties	$	12,579	$	9,750	$	35,286	$	27,069
Management Fee Income		951		940		2,835		2,361
Interest Income From Commercial Loans and Investments		1,323		726		3,331		2,136
Real Estate Operations		1,488		925		2,455		3,451
General and Corporate Expense		(10,558)		(8,247)		(29,373)		(23,905)
Impairment Charges		—		—		—		(16,527)
Gain on Disposition of Assets		4,973		22,666		4,728		28,106
Loss on Extinguishment of Debt		—		—		—		(641)
Total Operating Income	$	10,756	$	26,760	$	19,262	$	22,050
Depreciation and Amortization:
Income Properties	$	7,283	$	5,562	$	20,359	$	15,413
Corporate and Other		22		5		42		15
Total Depreciation and Amortization	$	7,305	$	5,567	$	20,401	$	15,428
Capital Expenditures:
Income Properties	$	83,240	$	1,754	$	130,674	$	115,861
Commercial Loans and Investments		3,254		—		50,130		—
Corporate and Other		160		19		195		29
Total Capital Expenditures	$	86,654	$	1,773	$	180,999	$	115,890

Identifiable assets of each segment as of September 30, 2022 and December 31, 2021 are as follows (in thousands):

	As of
	September 30, 2022		December 31, 2021
Identifiable Assets:
Income Properties	$	664,482	$	630,747
Management Services		1,181		1,653
Commercial Loans and Investments		46,524		39,095
Real Estate Operations		24,631		26,512
Corporate and Other		108,954		35,132
Total Assets	$	845,772	$	733,139