BUSINESS SEGMENT DATA (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023 and 2022 is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Revenues:
Income Properties	$	25,183	$	17,694	$	70,373	$	49,229
Management Fee Income		1,094		951		3,294		2,835
Interest Income From Commercial Loans and Investments		1,114		1,323		2,965		3,331
Real Estate Operations		1,079		3,149		2,602		4,395
Total Revenues	$	28,470	$	23,117	$	79,234	$	59,790
Operating Income:
Income Properties	$	18,123	$	12,579	$	49,490	$	35,286
Management Fee Income		1,094		951		3,294		2,835
Interest Income From Commercial Loans and Investments		1,114		1,323		2,965		3,331
Real Estate Operations		927		1,488		1,726		2,455
General and Corporate Expense		(15,108)		(10,558)		(43,307)		(29,373)
Provision for Impairment		(929)		—		(1,408)		—
Gain on Disposition of Assets		2,464		4,973		3,565		4,728
Total Operating Income	$	7,685	$	10,756	$	16,325	$	19,262
Depreciation and Amortization:
Income Properties	$	11,651	$	7,283	$	32,769	$	20,359
Corporate and Other		18		22		45		42
Total Depreciation and Amortization	$	11,669	$	7,305	$	32,814	$	20,401
Capital Expenditures:
Income Properties	$	11,010	$	83,240	$	100,333	$	130,674
Commercial Loans and Investments		50		3,254		17,477		50,130
Corporate and Other		4		160		255		195
Total Capital Expenditures	$	11,064	$	86,654	$	118,065	$	180,999

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

	As of
	September 30, 2023		December 31, 2022
Identifiable Assets:
Income Properties	$	950,157	$	902,427
Management Services		1,565		1,370
Commercial Loans and Investments		46,828		32,269
Real Estate Operations		3,367		4,041
Corporate and Other		64,456		46,438
Total Assets	$	1,066,373	$	986,545