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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real Estate:    
Land, at Cost $ 249,607 $ 233,930
Building and Improvements, at Cost 600,249 530,029
Other Furnishings and Equipment, at Cost 847 748
Construction in Process, at Cost 3,557 6,052
Total Real Estate, at Cost 854,260 770,759
Less, Accumulated Depreciation (48,198) (36,038)
Real Estate-Net 806,062 734,721
Land and Development Costs 682 685
Intangible Lease Assets-Net 113,083 115,984
Assets Held for Sale-See Note 23 1,115 0
Investment in Alpine Income Property Trust, Inc. 37,906 42,041
Mitigation Credits 1,950 1,856
Mitigation Credit Rights   725
Commercial Loans and Investments 46,483 31,908
Cash and Cash Equivalents 7,312 19,333
Restricted Cash 2,755 1,861
Refundable Income Taxes 145 448
Deferred Income Taxes-Net 2,423 2,530
Other Assets-See Note 11 41,596 34,453
Total Assets 1,061,512 986,545
Liabilities:    
Accounts Payable 3,980 2,544
Accrued and Other Liabilities-See Note 17 18,347 18,028
Deferred Revenue-See Note 18 6,890 5,735
Intangible Lease Liabilities-Net 11,960 9,885
Long-Term Debt 541,768 445,583
Total Liabilities 582,945 481,775
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, 2,999,254 shares issued and outstanding at June 30, 2023 and 3,000,000 shares issued and outstanding at December 31, 2022 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 22,691,598 shares issued and outstanding at June 30, 2023 and 22,854,775 shares issued and outstanding at December 31, 2022 227 229
Additional Paid-In Capital 168,103 172,471
Retained Earnings 291,958 316,279
Accumulated Other Comprehensive Income 18,249 15,761
Total Stockholders' Equity 478,567 504,770
Total Liabilities and Stockholders' Equity $ 1,061,512 $ 986,545