XML 155 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment $ 393,599,852 $ 393,268,984
Less, Accumulated Depreciation and Amortization (23,008,382) (24,518,215)
Property, Plant, and Equipment—Net 370,591,470 368,750,769
Land and Development Costs 6,732,291 5,624,845
Intangible Lease Assets—Net 49,022,178 43,555,445
Assets Held for Sale—See Note 23 833,167 96,838,264
Investment in Joint Ventures 55,736,668 6,788,034
Investment in Alpine Income Property Trust Inc. 38,814,425  
Mitigation Credits 2,322,596 462,040
Commercial Loan Investments 34,625,173  
Cash and Cash Equivalents 6,474,637 2,310,489
Restricted Cash 128,430,049 18,889,509
Refundable Income Taxes   225,024
Other Assets—See Note 12 9,703,549 12,885,453
Total Assets 703,286,203 556,329,872
Liabilities:    
Accounts Payable 1,385,739 1,036,547
Accrued and Other Liabilities—See Note 17 5,687,192 5,197,884
Deferred Revenue—See Note 18 5,830,720 6,370,284
Intangible Lease Liabilities—Net 26,198,248 27,390,350
Liabilities Held for Sale—See Note 23 831,320 2,178,616
Income Taxes Payable 439,086  
Deferred Income Taxes—Net 90,282,173 54,769,907
Long-Term Debt 287,218,303 247,624,811
Total Liabilities 417,872,781 344,568,399
Commitments and Contingencies—See Note 21
Shareholders' Equity:    
Common Stock – 25,000,000 shares authorized; $1 par value, 6,076,813 shares issued and 4,770,454 shares outstanding at December 31, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at December 31, 2018 6,017,218 5,995,257
Treasury Stock – 1,306,359 shares at December 31, 2019 and 615,257 shares at December 31, 2018 (73,440,714) (32,345,002)
Additional Paid-In Capital 26,689,795 24,326,778
Retained Earnings 326,073,199 213,297,897
Accumulated Other Comprehensive Income 73,924 486,543
Total Shareholders' Equity 285,413,422 211,761,473
Total Liabilities and Shareholders’ Equity 703,286,203 556,329,872
Income Properties, Land, Buildings, and Improvements    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment 392,841,899 392,520,783
Other Furnishings and Equipment    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment 733,165 728,817
Construction in Progress    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment $ 24,788 $ 19,384