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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real Estate:    
Land, at Cost $ 280,171 $ 257,748
Building and Improvements, at Cost 766,444 720,480
Other Furnishings and Equipment, at Cost 919 883
Construction in Process, at Cost 5,508 5,091
Total Real Estate, at Cost 1,053,042 984,202
Less, Accumulated Depreciation (108,883) (82,864)
Real Estate-Net 944,159 901,338
Land and Development Costs 300 300
Intangible Lease Assets-Net 74,552 79,198
Investment in Alpine Income Property Trust, Inc. 35,022 39,666
Commercial Loans and Investments 112,187 105,043
Cash and Cash Equivalents 9,281 9,017
Restricted Cash 8,289 8,344
Refundable Income Taxes   70
Deferred Income Taxes-Net 2,427 2,467
Other Assets-See Note 11 36,136 36,201
Total Assets 1,222,353 1,181,644
Liabilities:    
Accounts Payable 1,850 3,278
Accrued and Other Liabilities-See Note 17 30,919 21,268
Deferred Revenue-See Note 18 13,361 10,183
Intangible Lease Liabilities-Net 14,780 15,124
Income Taxes Payable 27  
Long-Term Debt-Net 604,163 518,993
Total Liabilities 665,100 568,846
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 September 30, 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, 32,675,700 shares issued and outstanding at September 30, 2025 and 31,673,479 shares issued and outstanding at December 31, 2024 327 317
Additional Paid-In Capital 386,634 367,828
Retained Earnings 170,829 232,089
Accumulated Other Comprehensive Income (Loss) (584) 12,517
Total Stockholders' Equity 557,253 612,798
Total Liabilities and Stockholders' Equity $ 1,222,353 $ 1,181,644