| 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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