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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real Estate:    
Land, at Cost $ 234,681 $ 222,232
Building and Improvements, at Cost 599,901 559,389
Other Furnishings and Equipment, at Cost 865 857
Construction in Process, at Cost 3,320 3,997
Total Real Estate, at Cost 838,767 786,475
Less, Accumulated Depreciation (56,810) (52,012)
Real Estate-Net 781,957 734,463
Land and Development Costs 358 731
Intangible Lease Assets-Net 101,039 97,109
Investment in Alpine Income Property Trust, Inc. 35,643 39,445
Mitigation Credits 536 1,044
Commercial Loans and Investments 66,552 61,849
Cash and Cash Equivalents 6,760 10,214
Restricted Cash 8,057 7,605
Refundable Income Taxes 27 246
Deferred Income Taxes-Net 2,190 2,009
Other Assets-See Note 11 37,964 34,953
Total Assets 1,041,083 989,668
Liabilities:    
Accounts Payable 2,638 2,758
Accrued and Other Liabilities-See Note 17 14,541 18,373
Deferred Revenue-See Note 18 5,290 5,200
Intangible Lease Liabilities-Net 14,353 10,441
Long-Term Debt 542,020 495,370
Total Liabilities 578,842 532,142
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, 2,978,808 shares issued and outstanding at March 31, 2024 and December 31, 2023 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 22,909,058 shares issued and outstanding at March 31, 2024 and 22,643,034 shares issued and outstanding at December 31, 2023 229 226
Additional Paid-In Capital 169,924 168,435
Retained Earnings 277,654 281,944
Accumulated Other Comprehensive Income 14,404 6,891
Total Stockholders' Equity 462,241 457,526
Total Liabilities and Stockholders' Equity $ 1,041,083 $ 989,668