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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real Estate:    
Land, at Cost $ 222,232 $ 233,930
Building and Improvements, at Cost 559,389 530,029
Other Furnishings and Equipment, at Cost 857 748
Construction in Process, at Cost 3,997 6,052
Total Real Estate, at Cost 786,475 770,759
Less, Accumulated Depreciation (52,012) (36,038)
Real Estate-Net 734,463 734,721
Land and Development Costs 731 685
Intangible Lease Assets-Net 97,109 115,984
Investment in Alpine Income Property Trust, Inc. 39,445 42,041
Mitigation Credits 1,044 1,856
Mitigation Credit Rights   725
Commercial Loans and Investments 61,849 31,908
Cash and Cash Equivalents 10,214 19,333
Restricted Cash 7,605 1,861
Refundable Income Taxes 246 448
Deferred Income Taxes-Net 2,009 2,530
Other Assets-See Note 12 34,953 34,453
Total Assets 989,668 986,545
Liabilities:    
Accounts Payable 2,758 2,544
Accrued and Other Liabilities-See Note 18 18,373 18,028
Deferred Revenue-See Note 19 5,200 5,735
Intangible Lease Liabilities-Net 10,441 9,885
Long-Term Debt 495,370 445,583
Total Liabilities 532,142 481,775
Commitments and Contingencies-See Note 22
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, 2,978,808 shares issued and outstanding at December 31, 2023 and 3,000,000 shares issued and outstanding at December 31, 2022 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 22,643,034 shares issued and outstanding at December 31, 2023 and 22,854,775 shares issued and outstanding at December 31, 2022 226 229
Additional Paid-In Capital 168,435 172,471
Retained Earnings 281,944 316,279
Accumulated Other Comprehensive Income 6,891 15,761
Total Stockholders' Equity 457,526 504,770
Total Liabilities and Stockholders' Equity $ 989,668 $ 986,545