BUSINESS SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2023

BUSINESS SEGMENT DATA

Schedule of operations in different segments

Information about the Company’s operations in different segments for the three and six months ended June 30, 2023 and 2022 is as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Revenues:
Income Properties	$	22,758	$	16,367	$	45,190	$	31,535
Management Fee Income		1,102		948		2,200		1,884
Interest Income From Commercial Loans and Investments		1,056		1,290		1,851		2,008
Real Estate Operations		1,131		858		1,523		1,246
Total Revenues	$	26,047	$	19,463	$	50,764	$	36,673
Operating Income:
Income Properties	$	16,088	$	11,555	$	31,367	$	22,707
Management Fee Income		1,102		948		2,200		1,884
Interest Income From Commercial Loans and Investments		1,056		1,290		1,851		2,008
Real Estate Operations		492		630		799		967
General and Corporate Expense		(14,156)		(9,403)		(28,199)		(18,815)
Provision for Impairment		—		—		(479)		—
Gain (Loss) on Disposition of Assets		1,101		—		1,101		(245)
Total Operating Income	$	5,683	$	5,020	$	8,640	$	8,506
Depreciation and Amortization:
Income Properties	$	10,816	$	6,707	$	21,118	$	13,076
Corporate and Other		13		20		27		20
Total Depreciation and Amortization	$	10,829	$	6,727	$	21,145	$	13,096
Capital Expenditures:
Income Properties	$	81,550	$	6,935	$	89,323	$	47,434
Commercial Loans and Investments		1,366		46,876		17,427		46,876
Corporate and Other		226		19		251		35
Total Capital Expenditures	$	83,142	$	53,830	$	107,001	$	94,345

Identifiable assets of each segment as of June 30, 2023 and December 31, 2022 are as follows (in thousands):

	As of
	June 30, 2023		December 31, 2022
Identifiable Assets:
Income Properties	$	970,163	$	902,427
Management Services		2,625		1,370
Commercial Loans and Investments		46,730		32,269
Real Estate Operations		3,422		4,041
Corporate and Other		38,572		46,438
Total Assets	$	1,061,512	$	986,545