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BUSINESS SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2023

BUSINESS SEGMENT DATA

Schedule of operations in different segments

​

Information about the Company’s operations in different segments for the years ended December 31, 2023, 2022, and 2021 is as follows (in thousands):

​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended
​		December 31, 2023			December 31, 2022			December 31, 2021
Revenues:	​	​	​	​	​	​	​	​	​
Income Properties	​	$	96,663	​	$	68,857	​	$	50,679
Management Fee Income	​	​	4,388	​	​	3,829	​	​	3,305
Interest Income From Commercial Loans and Investments	​	​	4,084	​	​	4,172	​	​	2,861
Real Estate Operations	​	​	3,984	​	​	5,462	​	​	13,427
Total Revenues	​	$	109,119	​	$	82,320	​	$	70,272
Operating Income:	​	​	​	​	​	​	​	​	​
Income Properties	​	$	68,208	​	$	48,493	​	$	36,864
Management Fee Income	​	​	4,388	​	​	3,829	​	​	3,305
Interest Income From Commercial Loans and Investments	​	​	4,084	​	​	4,172	​	​	2,861
Real Estate Operations	​	​	2,261	​	​	2,969	​	​	4,812
General and Corporate Expense	​	​	(58,422)	​	​	(41,754)	​	​	(31,783)
Provision for Impairment	​	​	(1,556)	​	​	—	​	​	(17,599)
Gain (Loss) on Disposition of Assets	​	​	7,543	​	​	(7,042)	​	​	28,316
Loss on Extinguishment of Debt	​	​	—	​	​	—	​	​	(3,431)
Total Operating Income	​	$	26,506	​	$	10,667	​	$	23,345
Depreciation and Amortization:	​	​	​	​	​	​	​	​	​
Income Properties	​	$	44,107	​	$	28,799	​	$	20,561
Corporate and Other	​	​	66	​	​	56	​	​	20
Total Depreciation and Amortization	​	$	44,173	​	$	28,855	​	$	20,581
Capital Expenditures:	​	​	​	​	​	​	​	​	​
Income Properties	​	$	102,688	​	$	331,754	​	$	256,456
Commercial Loans and Investments	​	​	32,869	​	​	53,369	​	​	364
Corporate and Other	​	​	261	​	​	42	​	​	34
Total Capital Expenditures	​	$	135,818	​	$	385,165	​	$	256,854

​

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

​

​	​	​	​	​	​	​
​	​	As of
​		December 31, 2023			December 31, 2022
Identifiable Assets:	​	​	​	​	​	​
Income Properties	​	$	887,345	​	$	902,427
Management Services	​	​	1,395	​	​	1,370
Commercial Loans and Investments	​	​	62,099	​	​	32,269
Real Estate Operations	​	​	2,343	​	​	4,041
Corporate and Other	​	​	36,486	​	​	46,438
Total Assets	​	$	989,668	​	$	986,545

X

- 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
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-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

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