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BUSINESS SEGMENT DATA (Tables) | 9 Months Ended
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Sep. 30, 2024
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, 2024 and 2023 is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ |  | September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income Properties | ​ | $ | 28,528 | ​ | $ | 25,183 | ​ | $ | 79,029 | ​ | $ | 70,373
Management Fee Income | ​ | ​ | 1,124 | ​ | ​ | 1,094 | ​ | ​ | 3,360 | ​ | ​ | 3,294
Interest Income From Commercial Loans and Investments | ​ | ​ | 1,615 | ​ | ​ | 1,114 | ​ | ​ | 4,407 | ​ | ​ | 2,965
Real Estate Operations | ​ | ​ | 538 | ​ | ​ | 1,079 | ​ | ​ | 1,981 | ​ | ​ | 2,602
Total Revenues | ​ | $ | 31,805 | ​ | $ | 28,470 | ​ | $ | 88,777 | ​ | $ | 79,234
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income Properties | ​ | $ | 20,731 | ​ | $ | 18,123 | ​ | $ | 56,399 | ​ | $ | 49,490
Management Fee Income | ​ | ​ | 1,124 | ​ | ​ | 1,094 | ​ | ​ | 3,360 | ​ | ​ | 3,294
Interest Income From Commercial Loans and Investments | ​ | ​ | 1,615 | ​ | ​ | 1,114 | ​ | ​ | 4,407 | ​ | ​ | 2,965
Real Estate Operations | ​ | ​ | 179 | ​ | ​ | 927 | ​ | ​ | 544 | ​ | ​ | 1,726
General and Corporate Expense | ​ | ​ | (17,296) | ​ | ​ | (15,108) | ​ | ​ | (47,451) | ​ | ​ | (43,307)
Provision for Impairment | ​ | ​ | (538) | ​ | ​ | (929) | ​ | ​ | (653) | ​ | ​ | (1,408)
Gain (Loss) on Disposition of Assets | ​ | ​ | (855) | ​ | ​ | 2,464 | ​ | ​ | 8,308 | ​ | ​ | 3,565
Total Operating Income | ​ | $ | 4,960 | ​ | $ | 7,685 | ​ | $ | 24,914 | ​ | $ | 16,325
Depreciation and Amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income Properties | ​ | $ | 13,204 | ​ | $ | 11,651 | ​ | $ | 35,650 | ​ | $ | 32,769
Corporate and Other | ​ | ​ | 17 | ​ | ​ | 18 | ​ | ​ | 51 | ​ | ​ | 45
Total Depreciation and Amortization | ​ | $ | 13,221 | ​ | $ | 11,669 | ​ | $ | 35,701 | ​ | $ | 32,814
Capital Expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income Properties | ​ | $ | 138,850 | ​ | $ | 11,010 | ​ | $ | 216,969 | ​ | $ | 100,333
Commercial Loans and Investments | ​ | ​ | 53,176 | ​ | ​ | 50 | ​ | ​ | 60,206 | ​ | ​ | 17,477
Corporate and Other | ​ | ​ | 2 | ​ | ​ | 4 | ​ | ​ | 17 | ​ | ​ | 255
Total Capital Expenditures | ​ | $ | 192,028 | ​ | $ | 11,064 | ​ | $ | 277,192 | ​ | $ | 118,065
​ Identifiable assets of each segment as of September 30, 2024 and December 31, 2023 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ |  | September 30, 2024 |  | December 31, 2023
Identifiable Assets: | ​ | ​ | ​ | ​ | ​ | ​
Income Properties | ​ | $ | 1,049,915 | ​ | $ | 887,345
Management Services | ​ | ​ | 1,371 | ​ | ​ | 1,395
Commercial Loans and Investments | ​ | ​ | 103,358 | ​ | ​ | 62,099
Real Estate Operations | ​ | ​ | 889 | ​ | ​ | 2,343
Corporate and Other | ​ | ​ | 20,591 | ​ | ​ | 36,486
Total Assets | ​ | $ | 1,176,124 | ​ | $ | 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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