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Presented Below Is Segments Operating Income Including Segments Assets And Expenditure (Tables)
 9 Months Ended
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