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BUSINESS SEGMENT DATA (Tables) | 9 Months Ended
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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

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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