| Schedule of operations in different segment |
Information about the Company’s operations in different segments for the three months ended June 30, 2026, is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 12,637 | | $ | — | | $ | 12,637 | Interest Income from Commercial Loans and Investments | | — | | | 7,331 | | | 7,331 | Total Revenues for Reportable Segments | | 12,637 | | | 7,331 | | | 19,968 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 34 | Total Consolidated Revenues | | | | | | | $ | 20,002 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 2,085 | | | — | | | 2,085 | Total Revenues Less Direct Costs of Revenues | | 10,552 | | | 7,331 | | | 17,883 | Provision for Impairment | | 161 | | | 216 | | | 377 | Depreciation and Amortization | | 6,805 | | | — | | | 6,805 | Net Income From Operations for Reportable Segments | | 3,586 | | | 7,115 | | | 10,701 | | | | | | | | | | Reconciliation to Consolidated Net Income | | | | | | | | | Other Revenues | | | | | | | | 34 | General and Administrative Expenses | | | | | | | | (2,028) | Investment and Other Income | | | | | | | | 364 | Interest Expense | | | | | | | | (4,579) | Consolidated Net Income | | | | | | | $ | 4,492 |
Information about the Company’s operations in different segments for the three months ended June 30, 2025 is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 12,022 | | $ | — | | $ | 12,022 | Interest Income from Commercial Loans and Investments | | — | | | 2,737 | | | 2,737 | Total Revenues for Reportable Segments | | 12,022 | | | 2,737 | | | 14,759 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 104 | Total Consolidated Revenues | | | | | | | $ | 14,863 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 2,105 | | | — | | | 2,105 | Total Revenues Less Direct Costs of Revenues | | 9,917 | | | 2,737 | | | 12,654 | Provision for Impairment | | 2,816 | | | (13) | | | 2,803 | Depreciation and Amortization | | 6,705 | | | — | | | 6,705 | Total Revenues Less Operating Expenses for Reportable Segments | | 396 | | | 2,750 | | | 3,146 | Gain on Disposition of Assets | | 938 | | | — | | | 938 | Net Income From Operations for Reportable Segments | | 1,334 | | | 2,750 | | | 4,084 | | | | | | | | | | Reconciliation to Consolidated Net Loss | | | | | | | | | Other Revenues | | | | | | | | 104 | General and Administrative Expenses | | | | | | | | (1,697) | Investment and Other Income | | | | | | | | 47 | Interest Expense | | | | | | | | (4,320) | Consolidated Net Loss | | | | | | | $ | (1,782) |
Information about the Company’s operations in different segments for the six months ended June 30, 2026, is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 25,239 | | $ | — | | $ | 25,239 | Interest Income from Commercial Loans and Investments | | — | | | 13,089 | | | 13,089 | Total Revenues for Reportable Segments | | 25,239 | | | 13,089 | | | 38,328 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 80 | Total Consolidated Revenues | | | | | | | $ | 38,408 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 4,387 | | | — | | | 4,387 | Total Revenues Less Direct Costs of Revenues | | 20,852 | | | 13,089 | | | 33,941 | Provision for Impairment | | 161 | | | 724 | | | 885 | Depreciation and Amortization | | 14,020 | | | — | | | 14,020 | Total Revenues Less Operating Expenses for Reportable Segments | | 6,671 | | | 12,365 | | | 19,036 | Gain on Disposition of Assets | | 97 | | | — | | | 97 | Net Income From Operations for Reportable Segments | | 6,768 | | | 12,365 | | | 19,133 | | | | | | | | | | Reconciliation to Consolidated Net Income | | | | | | | | | Other Revenues | | | | | | | | 80 | General and Administrative Expenses | | | | | | | | (3,887) | Investment and Other Income | | | | | | | | 455 | Interest Expense | | | | | | | | (8,932) | Consolidated Net Income | | | | | | | $ | 6,849 |
Information about the Company’s operations in different segments for the six months ended June 30, 2025, is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 23,848 | | $ | — | | $ | 23,848 | Interest Income from Commercial Loans and Investments | | — | | | 5,038 | | | 5,038 | Total Revenues for Reportable Segments | | 23,848 | | | 5,038 | | | 28,886 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 183 | Total Consolidated Revenues | | | | | | | $ | 29,069 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 4,139 | | | — | | | 4,139 | Total Revenues Less Direct Costs of Revenues | | 19,709 | | | 5,038 | | | 24,747 | Provision for Impairment | | 4,640 | | | 194 | | | 4,834 | Depreciation and Amortization | | 14,012 | | | — | | | 14,012 | Total Revenues Less Operating Expenses for Reportable Segments | | 1,057 | | | 4,844 | | | 5,901 | Gain on Disposition of Assets | | 2,089 | | | — | | | 2,089 | Net Income From Operations for Reportable Segments | | 3,146 | | | 4,844 | | | 7,990 | | | | | | | | | | Reconciliation to Consolidated Net Loss | | | | | | | | | Other Revenues | | | | | | | | 183 | General and Administrative Expenses | | | | | | | | (3,413) | Investment and Other Income | | | | | | | | 92 | Interest Expense | | | | | | | | (7,912) | Consolidated Net Loss | | | | | | | $ | (3,060) |
Capital expenditures of each segment for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands): | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | Capital Expenditures: | | | | | | | | | | | | Income Properties | $ | 20,851 | | $ | 351 | | $ | 20,851 | | $ | 40,339 | Commercial Loans and Investments | | 29,713 | | | 11,715 | | | 87,242 | | | 33,098 | Total Capital Expenditures | $ | 50,564 | | $ | 12,066 | | $ | 108,093 | | $ | 73,437 |
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