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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash Flow from Operating Activities:      
Net Income Attributable to the Company $ 2,261 $ 5,842  
Adjustments to Reconcile Net Income Attributable to the Company to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 14,364 10,931  
Amortization of Intangible Assets and Liabilities to Income Property Revenue (449) 474  
Amortization of Deferred Financing Costs to Interest Expense 328 256  
Amortization of Discount on Convertible Debt 39 40  
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities   (4,618)  
Gain on Disposition of Subsurface Interests   (4,545)  
Provision for Impairment   48  
Accretion of Commercial Loans and Investments Origination Fees (164) (33)  
Non-Cash Imputed Interest (5) (7)  
Deferred Income Taxes (27) (181)  
Unrealized Loss on Investment Securities 165 4,657  
Non-Cash Compensation 1,283 1,387  
Decrease (Increase) in Assets:      
Refundable Income Taxes 35 219  
Land and Development Costs   (54)  
Mitigation Credits and Mitigation Credit Rights   508  
Other Assets (722) (1,888)  
Increase (Decrease) in Liabilities:      
Accounts Payable (1,539) (120)  
Accrued and Other Liabilities (3,774) (1,249)  
Deferred Revenue (1,484) 90  
Net Cash Provided By Operating Activities 10,311 11,757  
Cash Flow from Investing Activities:      
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (80,022) (71,117)  
Investments in and Improvements to Real Estate (854) (2,295)  
Acquisition of Commercial Loans and Investments (1,431) (6,575)  
Proceeds from Disposition of Property, Plant, and Equipment, Net   19,527  
Proceeds from Disposition of Subsurface Interests   4,974  
Principal Payments Received on Commercial Loans and Investments 1,638 1,857  
Proceeds from the Sale of Investment Securities   1,655  
Net Cash Used In Investing Activities (80,669) (51,974)  
Cash Flow From Financing Activities:      
Proceeds from Long-Term Debt 93,000 56,000  
Payments on Long-Term Debt (10,000) (9,500)  
Cash Paid for Loan Fees (45) (3)  
Cash Received for the Exercise of Stock Options and Common Stock Issuance 401 380  
Cash Used to Purchase Common and Preferred Stock   (664)  
Cash Paid for Vesting of Restricted Stock (1,034) (1,274)  
Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net (75) 2,064  
Dividends Paid - Preferred Stock (1,878) (1,187)  
Dividends Paid - Common Stock (12,008) (8,601)  
Net Cash Provided By Financing Activities 68,361 37,215  
Net Decrease in Cash, Cash Equivalents and Restricted Cash (1,997) (3,002)  
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 17,361 17,819 $ 17,819
Cash, Cash Equivalents and Restricted Cash, End of Period 15,364 14,817 17,361
Reconciliation of Cash to the Consolidated Balance Sheets:      
Cash and Cash Equivalents 8,428 6,760 9,017
Restricted Cash 6,936 8,057 8,344
Total Cash $ 15,364 $ 14,817 $ 17,361