CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Real Estate:
Land, at Cost	$ 283,764	$ 257,748
Building and Improvements, at Cost	764,380	720,480
Other Furnishings and Equipment, at Cost	898	883
Construction in Process, at Cost	2,968	5,091
Total Real Estate, at Cost	1,052,010	984,202
Less, Accumulated Depreciation	(91,199)	(82,864)
Real Estate-Net	960,811	901,338
Land and Development Costs	300	300
Intangible Lease Assets-Net	88,931	79,198
Investment in Alpine Income Property Trust, Inc.	39,501	39,666
Commercial Loans and Investments	105,000	105,043
Cash and Cash Equivalents	8,428	9,017
Restricted Cash	6,936	8,344
Refundable Income Taxes	35	70
Deferred Income Taxes-Net	2,494	2,467
Other Assets-See Note 11	31,467	36,201
Total Assets	1,243,903	1,181,644
Liabilities:
Accounts Payable	1,741	3,278
Accrued and Other Liabilities-See Note 17	19,996	21,268
Deferred Revenue-See Note 18	8,699	10,183
Intangible Lease Liabilities-Net	17,368	15,124
Long-Term Debt-Net	602,216	518,993
Total Liabilities	650,020	568,846
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 March 31, 2025 and 4,713,069 shares issued and outstanding at December 31, 2024	47	47
Common Stock - 500,000,000 shares authorized; $0.01 par value, 31,842,732 shares issued and outstanding at March 31, 2025 and 31,673,479 shares issued and outstanding at December 31, 2024	318	317
Additional Paid-In Capital	368,000	367,828
Retained Earnings	220,272	232,089
Accumulated Other Comprehensive Income	5,246	12,517
Total Stockholders' Equity	593,883	612,798
Total Liabilities and Stockholders' Equity	$ 1,243,903	$ 1,181,644