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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real Estate:    
Land, at Cost $ 233,930 $ 189,589
Building and Improvements, at Cost 530,029 325,418
Other Furnishings and Equipment, at Cost 748 707
Construction in Process, at Cost 6,052 3,150
Total Real Estate, at Cost 770,759 518,864
Less, Accumulated Depreciation (36,038) (24,169)
Real Estate-Net 734,721 494,695
Land and Development Costs 685 692
Intangible Lease Assets-Net 115,984 79,492
Assets Held for Sale-See Note 24 0 6,720
Investment in Alpine Income Property Trust, Inc. 42,041 41,037
Mitigation Credits 1,856 3,702
Mitigation Credit Rights 725 21,018
Commercial Loans and Investments 31,908 39,095
Cash and Cash Equivalents 19,333 8,615
Restricted Cash 1,861 22,734
Refundable Income Taxes 448 442
Deferred Income Taxes-Net 2,530  
Other Assets - See Note 12 34,453 14,897
Total Assets 986,545 733,139
Liabilities:    
Accounts Payable 2,544 676
Accrued and Other Liabilities-See Note 18 18,028 13,121
Deferred Revenue-See Note 19 5,735 4,505
Intangible Lease Liabilities-Net 9,885 5,601
Deferred Income Taxes-Net   483
Long-Term Debt 445,583 278,273
Total Liabilities 481,775 302,659
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 September 30, 2022 and December 31, 2021 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 22,854,775 shares issued and outstanding at December 31, 2022 and 17,748,678 shares issued and outstanding at December 31, 2021 229 60
Additional Paid-In Capital 172,471 85,414
Retained Earnings 316,279 343,459
Accumulated Other Comprehensive Income 15,761 1,517
Total Stockholders' Equity 504,770 430,480
Total Liabilities and Stockholders' Equity $ 986,545 $ 733,139