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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real Estate:    
Land, at Cost $ 253,742 $ 222,232
Building and Improvements, at Cost 691,055 559,389
Other Furnishings and Equipment, at Cost 874 857
Construction in Process, at Cost 4,838 3,997
Total Real Estate, at Cost 950,509 786,475
Less, Accumulated Depreciation (70,545) (52,012)
Real Estate-Net 879,964 734,463
Land and Development Costs 300 731
Intangible Lease Assets-Net 107,658 97,109
Investment in Alpine Income Property Trust, Inc. 42,997 39,445
Mitigation Credits   1,044
Commercial Loans and Investments 103,014 61,849
Cash and Cash Equivalents 8,172 10,214
Restricted Cash 1,696 7,605
Refundable Income Taxes 18 246
Deferred Income Taxes-Net 2,019 2,009
Other Assets-See Note 11 30,286 34,953
Total Assets 1,176,124 989,668
Liabilities:    
Accounts Payable 2,075 2,758
Accrued and Other Liabilities-See Note 17 26,401 18,373
Deferred Revenue-See Note 18 6,171 5,200
Intangible Lease Liabilities-Net 18,857 10,441
Long-Term Debt 526,838 495,370
Total Liabilities 580,342 532,142
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, 4,713,069 shares issued and outstanding at September 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, 29,971,538 shares issued and outstanding at September 30, 2024 and 22,643,034 shares issued and outstanding at December 31, 2023 300 226
Additional Paid-In Capital 334,467 168,435
Retained Earnings 261,373 281,944
Accumulated Other Comprehensive Income (Loss) (405) 6,891
Total Stockholders' Equity 595,782 457,526
Total Liabilities and Stockholders' Equity $ 1,176,124 $ 989,668