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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Real Estate:    
Land, at Cost $ 205,241 $ 189,589
Building and Improvements, at Cost 343,717 325,418
Other Furnishings and Equipment, at Cost 736 707
Construction in Process, at Cost 5,163 3,150
Total Real Estate, at Cost 554,857 518,864
Less, Accumulated Depreciation (27,844) (24,169)
Real Estate-Net 527,013 494,695
Land and Development Costs 694 692
Intangible Lease Assets-Net 81,925 79,492
Assets Held for Sale-See Note 24 0 6,720
Investment in Alpine Income Property Trust, Inc. 38,587 41,037
Mitigation Credits 3,702 3,702
Mitigation Credit Rights 21,018 21,018
Commercial Loan and Master Lease Investments 21,830 39,095
Cash and Cash Equivalents 9,450 8,615
Restricted Cash 26,385 22,734
Refundable Income Taxes 413 442
Deferred Income Taxes-Net 75  
Other Assets - See Note 12 23,127 14,897
Total Assets 754,219 733,139
Liabilities:    
Accounts Payable 1,553 676
Accrued and Other Liabilities-See Note 18 13,913 13,121
Deferred Revenue-See Note 19 4,592 4,505
Intangible Lease Liabilities-Net 5,543 5,601
Deferred Income Taxes-Net   483
Long-Term Debt 298,079 278,273
Total Liabilities 323,680 302,659
Commitments and Contingencies-See Note 22
Stockholders' Equity:    
Preferred Stock - 100,000,000 shares authorized; $0.01 par value, 6.375% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 3,000,000 shares issued and outstanding at March 31, 2022 and December 31, 2021 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 6,011,611 shares issued and outstanding at March 31, 2022 and 5,916,226 shares issued and outstanding at December 31, 2021 60 60
Additional Paid-In Capital 81,092 85,414
Retained earnings 339,828 343,459
Accumulated Other Comprehensive Income 9,529 1,517
Total Stockholders' Equity 430,539 430,480
Total Liabilities and Stockholders' Equity $ 754,219 $ 733,139