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BUSINESS SEGMENT DATA (Tables)

3 Months Ended

Mar. 31, 2024

BUSINESS SEGMENT DATA

Schedule of operations in different segments

Information about the Company’s operations in different segments for the three months ended March 31, 2024 and 2023 is as follows (in thousands):

​	​	​	​	​	​	​
​	​	Three Months Ended
​		March 31, 2024			March 31, 2023
Revenues:	​	​	​	​	​	​
Income Properties	​	$	24,623	​	$	22,432
Management Fee Income	​	​	1,105	​	​	1,098
Interest Income From Commercial Loans and Investments	​	​	1,351	​	​	795
Real Estate Operations	​	​	1,048	​	​	392
Total Revenues	​	$	28,127	​	$	24,717
Operating Income:	​	​	​	​	​	​
Income Properties	​	$	17,870	​	$	15,279
Management Fee Income	​	​	1,105	​	​	1,098
Interest Income From Commercial Loans and Investments	​	​	1,351	​	​	795
Real Estate Operations	​	​	229	​	​	307
General and Corporate Expense	​	​	(15,147)	​	​	(14,043)
Provision for Impairment	​	​	(48)	​	​	(479)
Gain (Loss) on Disposition of Assets	​	​	9,163	​	​	—
Total Operating Income	​	$	14,523	​	$	2,957
Depreciation and Amortization:	​	​	​	​	​	​
Income Properties	​	$	10,915	​	$	10,302
Corporate and Other	​	​	16	​	​	14
Total Depreciation and Amortization	​	$	10,931	​	$	10,316
Capital Expenditures:	​	​	​	​	​	​
Income Properties	​	$	73,403	​	$	7,773
Commercial Loans and Investments	​	​	6,575	​	​	16,061
Corporate and Other	​	​	9	​	​	25
Total Capital Expenditures	​	$	79,987	​	$	23,859

​

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

​

​	​	​	​	​	​	​
​	​	As of
​		March 31, 2024			December 31, 2023
Identifiable Assets:	​	​	​	​	​	​
Income Properties	​	$	935,976	​	$	887,345
Management Services	​	​	1,406	​	​	1,395
Commercial Loans and Investments	​	​	66,816	​	​	62,099
Real Estate Operations	​	​	1,469	​	​	2,343
Corporate and Other	​	​	35,416	​	​	36,486
Total Assets	​	$	1,041,083	​	$	989,668

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
-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

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- References

No definition available.

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