CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Real estate investments at cost:
Land	$ 141,602	$ 141,602
Buildings and improvements	282,977	282,631
Projects under construction	22,568	10,845
Total investments in properties	447,147	435,078
Less accumulated depreciation and depletion	72,734	67,758
Net investments in properties	374,413	367,320
Real estate held for investment, at cost	11,111	10,662
Investments in joint ventures	161,391	166,066
Net real estate investments	546,915	544,048
Cash and cash equivalents	156,929	157,555
Cash held in escrow	1,491	860
Accounts receivable, net	1,827	1,046
Federal and state income taxes receivable	0	337
Unrealized rents	1,905	1,640
Deferred costs	2,188	3,091
Other assets	601	589
Total assets	711,856	709,166
Liabilities:
Secured notes payable	178,779	178,705
Accounts payable and accrued liabilities	7,303	8,333
Other liabilities	1,487	1,487
Federal and state income taxes payable	1,708	0
Deferred revenue	762	925
Deferred income taxes	68,356	69,456
Deferred compensation	1,436	1,409
Tenant security deposits	877	875
Total liabilities	260,708	261,190
Commitments and contingencies	0	0
Equity:
Common stock, $.10 par value 25,000,000 shares authorized, 19,030,474 and 18,968,448 shares issued and outstanding, respectively	1,903	1,897
Capital in excess of par value	67,980	66,706
Retained earnings	349,227	345,882
Accumulated other comprehensive income, net	22	35
Total shareholders’ equity	419,132	414,520
Noncontrolling interest	32,016	33,456
Total equity	451,148	447,976
Total liabilities and equity	$ 711,856	$ 709,166