BUSINESS SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and 2023 is as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Revenues:
Income Properties	$	25,878	$	22,758	$	50,501	$	45,190
Management Fee Income		1,131		1,102		2,236		2,200
Interest Income From Commercial Loans and Investments		1,441		1,056		2,792		1,851
Real Estate Operations		395		1,131		1,443		1,523
Total Revenues	$	28,845	$	26,047	$	56,972	$	50,764
Operating Income:
Income Properties	$	17,798	$	16,088	$	35,668	$	31,367
Management Fee Income		1,131		1,102		2,236		2,200
Interest Income From Commercial Loans and Investments		1,441		1,056		2,792		1,851
Real Estate Operations		136		492		365		799
General and Corporate Expense		(15,008)		(14,156)		(30,155)		(28,199)
Provision for Impairment		(67)		—		(115)		(479)
Gain (Loss) on Disposition of Assets		—		1,101		9,163		1,101
Total Operating Income	$	5,431	$	5,683	$	19,954	$	8,640
Depreciation and Amortization:
Income Properties	$	11,532	$	10,816	$	22,447	$	21,118
Corporate and Other		17		13		33		27
Total Depreciation and Amortization	$	11,549	$	10,829	$	22,480	$	21,145
Capital Expenditures:
Income Properties	$	4,716	$	81,550	$	78,119	$	89,323
Commercial Loans and Investments		455		1,366		7,030		17,427
Corporate and Other		6		226		15		251
Total Capital Expenditures	$	5,177	$	83,142	$	85,164	$	107,001

Identifiable assets of each segment as of June 30, 2024 and December 31, 2023 are as follows (in thousands):

	As of
	June 30, 2024		December 31, 2023
Identifiable Assets:
Income Properties	$	929,795	$	887,345
Management Services		1,403		1,395
Commercial Loans and Investments		50,749		62,099
Real Estate Operations		1,236		2,343
Corporate and Other		26,585		36,486
Total Assets	$	1,009,768	$	989,668