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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real Estate:    
Land, at Cost $ 236,207 $ 222,232
Building and Improvements, at Cost 601,584 559,389
Other Furnishings and Equipment, at Cost 872 857
Construction in Process, at Cost 4,824 3,997
Total Real Estate, at Cost 843,487 786,475
Less, Accumulated Depreciation (63,547) (52,012)
Real Estate-Net 779,940 734,463
Land and Development Costs 300 731
Intangible Lease Assets-Net 95,054 97,109
Investment in Alpine Income Property Trust, Inc. 36,561 39,445
Mitigation Credits 355 1,044
Commercial Loans and Investments 50,323 61,849
Cash and Cash Equivalents 4,794 10,214
Restricted Cash 1,363 7,605
Refundable Income Taxes 85 246
Deferred Income Taxes-Net 2,147 2,009
Other Assets-See Note 11 38,846 34,953
Total Assets 1,009,768 989,668
Liabilities:    
Accounts Payable 1,787 2,758
Accrued and Other Liabilities-See Note 17 14,713 18,373
Deferred Revenue-See Note 18 5,371 5,200
Intangible Lease Liabilities-Net 13,421 10,441
Long-Term Debt 482,661 495,370
Total Liabilities 517,953 532,142
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, 4,697,225 shares issued and outstanding at June 30, 2024 and 2,978,808 shares issued and outstanding at December 31, 2023 47 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 23,115,110 shares issued and outstanding at June 30, 2024 and 22,643,034 shares issued and outstanding at December 31, 2023 231 226
Additional Paid-In Capital 207,882 168,435
Retained Earnings 268,269 281,944
Accumulated Other Comprehensive Income 15,386 6,891
Total Stockholders' Equity 491,815 457,526
Total Liabilities and Stockholders' Equity $ 1,009,768 $ 989,668