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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real Estate:    
Land, at Cost $ 233,619 $ 233,930
Building and Improvements, at Cost 538,449 530,029
Other Furnishings and Equipment, at Cost 748 748
Construction in Process, at Cost 4,630 6,052
Total Real Estate, at Cost 777,446 770,759
Less, Accumulated Depreciation (41,913) (36,038)
Real Estate-Net 735,533 734,721
Land and Development Costs 683 685
Intangible Lease Assets-Net 110,323 115,984
Assets Held for Sale-See Note 23 1,115 0
Investment in Alpine Income Property Trust, Inc. 39,259 42,041
Mitigation Credits 2,526 1,856
Mitigation Credit Rights   725
Commercial Loans and Investments 47,118 31,908
Cash and Cash Equivalents 7,023 19,333
Restricted Cash 1,589 1,861
Refundable Income Taxes 448 448
Deferred Income Taxes-Net 2,503 2,530
Other Assets-See Note 11 33,134 34,453
Total Assets 981,254 986,545
Liabilities:    
Accounts Payable 2,771 2,544
Accrued and Other Liabilities-See Note 17 18,814 18,028
Deferred Revenue-See Note 18 6,564 5,735
Intangible Lease Liabilities-Net 9,346 9,885
Long-Term Debt 465,130 445,583
Total Liabilities 502,625 481,775
Commitments and Contingencies-See Note 21
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, 2023 and December 31, 2022 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 22,709,119 shares issued and outstanding at March 31, 2023 and 22,854,775 shares issued and outstanding at December 31, 2022 227 229
Additional Paid-In Capital 167,436 172,471
Retained Earnings 300,066 316,279
Accumulated Other Comprehensive Income 10,870 15,761
Total Stockholders' Equity 478,629 504,770
Total Liabilities and Stockholders' Equity $ 981,254 $ 986,545