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BUSINESS SEGMENT DATA (Tables)

9 Months Ended

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