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Presented Below Is Segments Operating Income Including Segments Assets And Expenditure (Tables) | 9 Months Ended
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Sep. 30, 2012
Presented Below Is Segments Operating Income Including Segments Assets And Expenditure |
Presented Below Is Segments Operating Income Including Segments Assets And Expenditure | Presented below is our reportable segments’ operating income for the three and nine months ended September 30, 2012 and 2011, including segment assets and expenditures (dollars in thousands):
For the Three Months Ended September 30, 2012 |  | Commercial |  |  | Apartments |  |  | Hotels |  |  | Land |  |  | Other |  |  | Total |
Operating revenue |  | $ | 7,393 |  |  | $ | 21,519 |  |  | $ | - |  |  | $ | - |  |  | $ | 6 |  |  | $ | 28,918 |
Operating expenses |  |  | 5,172 |  |  |  | 10,714 |  |  |  | - |  |  |  | 160 |  |  |  | (1 | ) |  |  | 16,045 |
Depreciation and amortization |  |  | 1,647 |  |  |  | 3,914 |  |  |  | - |  |  |  | - |  |  |  | (66 | ) |  |  | 5,495 |
Mortgage and loan interest |  |  | 493 |  |  |  | 5,675 |  |  |  | - |  |  |  | 1,698 |  |  |  | 1,924 |  |  |  | 9,790 |
Interest income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,280 |  |  |  | 2,280 |
Gain on land sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,898 |  |  |  | - |  |  |  | 2,898 |
Segment operating income |  | $ | 81 |  |  | $ | 1,216 |  |  | $ | - |  |  | $ | 1,040 |  |  | $ | 429 |  |  | $ | 2,766 |
Capital expenditures |  |  | 1,404 |  |  |  | 269 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,673 |
Assets |  |  | 166,696 |  |  |  | 558,519 |  |  |  | - |  |  |  | 218,580 |  |  |  | - |  |  |  | 943,795 |
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  | $ | 3,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 17,410 |  |  | $ | - |  |  | $ | 20,410 |
Cost of sale |  |  | 2,331 |  |  |  | 84 |  |  |  | - |  |  |  | 15,127 |  |  |  | - |  |  |  | 17,542 |
Deferred current gain |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (615 | ) |  |  | - |  |  |  | (615 | )
Gain (loss) on sale |  | $ | 669 |  |  | $ | (84 | ) |  | $ | - |  |  | $ | 2,898 |  |  | $ | - |  |  | $ | 3,483 |
For the Three Months Ended September 30, 2011 |  | Commercial |  | Apartments |  |  | Hotels |  |  | Land |  |  | Other |  |  | Total |
Operating revenue |  | $ | 8,900 |  |  | $ | 19,956 |  |  | $ | - |  |  | $ | 81 |  |  | $ | 172 |  |  | $ | 29,109 |
Operating expenses |  |  | 5,282 |  |  |  | 10,278 |  |  |  | - |  |  |  | 466 |  |  |  | (36 | ) |  |  | 15,990 |
Depreciation and amortization |  |  | 1,612 |  |  |  | 3,680 |  |  |  | - |  |  |  | - |  |  |  | (74 | ) |  |  | 5,218 |
Mortgage and loan interest |  |  | 2,992 |  |  |  | 6,381 |  |  |  | - |  |  |  | 2,540 |  |  |  | 1,900 |  |  |  | 13,813 |
Interest income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,039 |  |  |  | 1,039 |
Gain on land sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (942 | ) |  |  | - |  |  |  | (942 | )
Segment operating loss |  | $ | (986 | ) |  | $ | (383 | ) |  | $ | - |  |  | $ | (3,867 | ) |  | $ | (579 | ) |  | $ | (5,815 | )
Capital expenditures |  |  | 1,601 |  |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,611 |
Assets |  |  | 178,021 |  |  |  | 561,555 |  |  |  | - |  |  |  | 299,960 |  |  |  | - |  |  |  | 1,039,536 |
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  | $ | 33,040 |  |  | $ | 28,690 |  |  | $ | 27,319 |  |  | $ | 52,565 |  |  | $ | - |  |  | $ | 141,614 |
Cost of sale |  |  | 29,402 |  |  |  | 14,601 |  |  |  | 27,358 |  |  |  | 53,507 |  |  |  | - |  |  |  | 124,868 |
Deferred current gain |  |  | - |  |  |  | 7,407 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,407 |
Recognized prior deferred gain |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,025 | ) |  |  | (2,025 | )
Gain (loss) on sale |  | $ | 3,638 |  |  | $ | 6,682 |  |  | $ | (39 | ) |  | $ | (942 | ) |  | $ | (2,025 | ) |  | $ | 7,314 |

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- Definition Tabular disclosure for reportable segments' operating income for the three and nine months ended including segment assets and expenditures. + References No definition available. + Details
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