| Schedule of operations in different segment |
Information about the Company’s operations in different segments for the three months ended September 30, 2026, is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 12,812 | | $ | — | | $ | 12,812 | Interest Income from Commercial Loans and Investments | | — | | | 7,611 | | | 7,611 | Total Revenues for Reportable Segments | | 12,812 | | | 7,611 | | | 20,423 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 37 | Total Consolidated Revenues | | | | | | | $ | 20,460 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 2,095 | | | — | | | 2,095 | Total Revenues Less Direct Costs of Revenues | | 10,717 | | | 7,611 | | | 18,328 | Provision for Impairment and Adjustment to CECL Reserve | | — | | | (76) | | | (76) | Depreciation and Amortization | | 6,881 | | | — | | | 6,881 | Total Revenues Less Operating Expenses for Reportable Segments | | 3,836 | | | 7,687 | | | 11,523 | Gain on Disposition of Assets | | 272 | | | — | | | 272 | Net Income From Operations for Reportable Segments | | 4,108 | | | 7,687 | | | 11,795 | | | | | | | | | | Reconciliation to Consolidated Net Income | | | | | | | | | Other Revenues | | | | | | | | 37 | General and Administrative Expenses | | | | | | | | (2,009) | Investment and Other Income | | | | | | | | 17 | Interest Expense | | | | | | | | (4,828) | Consolidated Net Income | | | | | | | $ | 5,012 |
Information about the Company’s operations in different segments for the three months ended September 30, 2025 is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 12,122 | | $ | — | | $ | 12,122 | Interest Income from Commercial Loans and Investments | | — | | | 2,320 | | | 2,320 | Total Revenues for Reportable Segments | | 12,122 | | | 2,320 | | | 14,442 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 121 | Total Consolidated Revenues | | | | | | | $ | 14,563 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 1,891 | | | — | | | 1,891 | Total Revenues Less Direct Costs of Revenues | | 10,231 | | | 2,320 | | | 12,551 | Provision for Impairment and Adjustment to CECL Reserve | | 1,975 | | | (60) | | | 1,915 | Depreciation and Amortization | | 6,597 | | | — | | | 6,597 | Total Revenues Less Operating Expenses for Reportable Segments | | 1,659 | | | 2,380 | | | 4,039 | Loss on Disposition of Assets | | (46) | | | — | | | (46) | Net Income From Operations for Reportable Segments | | 1,613 | | | 2,380 | | | 3,993 | | | | | | | | | | Reconciliation to Consolidated Net Loss | | | | | | | | | Other Revenues | | | | | | | | 121 | General and Administrative Expenses | | | | | | | | (1,695) | Investment and Other Income | | | | | | | | 68 | Interest Expense | | | | | | | | (3,910) | Consolidated Net Loss | | | | | | | $ | (1,423) |
Information about the Company’s operations in different segments for the nine months ended September 30, 2026, is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 38,051 | | $ | — | | $ | 38,051 | Interest Income from Commercial Loans and Investments | | — | | | 20,700 | | | 20,700 | Total Revenues for Reportable Segments | | 38,051 | | | 20,700 | | | 58,751 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 117 | Total Consolidated Revenues | | | | | | | $ | 58,868 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 6,482 | | | — | | | 6,482 | Total Revenues Less Direct Costs of Revenues | | 31,569 | | | 20,700 | | | 52,269 | Provision for Impairment and Adjustment to CECL Reserve | | 161 | | | 648 | | | 809 | Depreciation and Amortization | | 20,901 | | | — | | | 20,901 | Total Revenues Less Operating Expenses for Reportable Segments | | 10,507 | | | 20,052 | | | 30,559 | Gain on Disposition of Assets | | 369 | | | — | | | 369 | Net Income From Operations for Reportable Segments | | 10,876 | | | 20,052 | | | 30,928 | | | | | | | | | | Reconciliation to Consolidated Net Income | | | | | | | | | Other Revenues | | | | | | | | 117 | General and Administrative Expenses | | | | | | | | (5,896) | Investment and Other Income | | | | | | | | 472 | Interest Expense | | | | | | | | (13,760) | Consolidated Net Income | | | | | | | $ | 11,861 |
Information about the Company’s operations in different segments for the nine months ended September 30, 2025, is as follows (in thousands): | | | | | | | | | | Income Properties | | Commercial Loans and Investments | | Total | Revenues: | | | | | | | | | Lease Income | $ | 35,970 | | $ | — | | $ | 35,970 | Interest Income from Commercial Loans and Investments | | — | | | 7,358 | | | 7,358 | Total Revenues for Reportable Segments | | 35,970 | | | 7,358 | | | 43,328 | | | | | | | | | | Reconciliation to Consolidated Revenues | | | | | | | | | Other Revenues | | | | | | | | 304 | Total Consolidated Revenues | | | | | | | $ | 43,632 | | | | | | | | | | Operating Expenses: | | | | | | | | | Real Estate Expenses | | 6,030 | | | — | | | 6,030 | Total Revenues Less Direct Costs of Revenues | | 29,940 | | | 7,358 | | | 37,298 | Provision for Impairment and Adjustment to CECL Reserve | | 6,615 | | | 134 | | | 6,749 | Depreciation and Amortization | | 20,609 | | | — | | | 20,609 | Total Revenues Less Operating Expenses for Reportable Segments | | 2,716 | | | 7,224 | | | 9,940 | Gain on Disposition of Assets | | 2,043 | | | — | | | 2,043 | Net Income From Operations for Reportable Segments | | 4,759 | | | 7,224 | | | 11,983 | | | | | | | | | | Reconciliation to Consolidated Net Loss | | | | | | | | | Other Revenues | | | | | | | | 304 | General and Administrative Expenses | | | | | | | | (5,108) | Investment and Other Income | | | | | | | | 160 | Interest Expense | | | | | | | | (11,822) | Consolidated Net Loss | | | | | | | $ | (4,483) |
Capital expenditures of each segment for the three and nine months ended September 30, 2026 and 2025 are as follows (in thousands): | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | Capital Expenditures: | | | | | | | | | | | | Income Properties | $ | 35,697 | | $ | 27,175 | | $ | 56,548 | | $ | 67,514 | Commercial Loans and Investments | | 9,941 | | | 30,320 | | | 97,183 | | | 63,418 | Total Capital Expenditures | $ | 45,638 | | $ | 57,495 | | $ | 153,731 | | $ | 130,932 |
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