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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real Estate:    
Land, at Cost $ 235,880 $ 233,930
Building and Improvements, at Cost 588,224 530,029
Other Furnishings and Equipment, at Cost 851 748
Construction in Process, at Cost 4,127 6,052
Total Real Estate, at Cost 829,082 770,759
Less, Accumulated Depreciation (50,117) (36,038)
Real Estate-Net 778,965 734,721
Land and Development Costs 698 685
Intangible Lease Assets-Net 105,851 115,984
Assets Held for Sale-See Note 23 14,504 0
Investment in Alpine Income Property Trust, Inc. 38,162 42,041
Mitigation Credits 1,872 1,856
Mitigation Credit Rights   725
Commercial Loans and Investments 46,572 31,908
Cash and Cash Equivalents 7,015 19,333
Restricted Cash 22,618 1,861
Refundable Income Taxes 430 448
Deferred Income Taxes-Net 2,363 2,530
Other Assets-See Note 11 47,323 34,453
Total Assets 1,066,373 986,545
Liabilities:    
Accounts Payable 3,969 2,544
Accrued and Other Liabilities-See Note 17 18,660 18,028
Deferred Revenue-See Note 18 6,251 5,735
Intangible Lease Liabilities-Net 11,203 9,885
Long-Term Debt 548,219 445,583
Total Liabilities 588,302 481,775
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, 2,993,206 shares issued and outstanding at September 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, 22,701,072 shares issued and outstanding at September 30, 2023 and 22,854,775 shares issued and outstanding at December 31, 2022 227 229
Additional Paid-In Capital 168,875 172,471
Retained Earnings 284,789 316,279
Accumulated Other Comprehensive Income 24,150 15,761
Total Stockholders' Equity 478,071 504,770
Total Liabilities and Stockholders' Equity $ 1,066,373 $ 986,545