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BUSINESS SEGMENT DATA (Tables) | 6 Months Ended
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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

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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