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BUSINESS SEGMENT DATA (Tables) | 9 Months Ended
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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

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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