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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets:    
Land $ 84,383 $ 83,721
Buildings and improvements 144,779 144,543
Projects under construction 2,508 6,683
Total investments in properties 231,670 234,947
Less accumulated depreciation and depletion 27,472 28,394
Net investments in properties 204,198 206,553
Real estate held for investment, at cost 7,167 7,167
Investments in joint ventures 94,937 88,884
Net real estate investments 306,302 302,604
Cash and cash equivalents 56,169 22,547
Cash held in escrow 20,066 202
Accounts receivable, net 783 564
Investments available for sale at fair value 122,183 165,212
Federal and state income taxes receivable 27,206 9,854
Unrealized rents 459 53
Deferred costs 645 773
Other assets 463 455
Assets of discontinued operations 871 3,224
Total assets 535,147 505,488
Liabilities:    
Secured notes payable 88,857 88,789
Accounts payable and accrued liabilities 2,044 3,545
Environmental remediation liability 92 100
Deferred revenue 858 27
Deferred income taxes 50,439 27,981
Deferred compensation 1,446 1,450
Tenant security deposits 252 53
Liabilities of discontinued operations 158 288
Total liabilities 144,146 122,233
Commitments and contingencies
Equity:    
Common stock, $.10 par value; 25,000,000 shares authorized, 9,863,451 and 9,969,174 shares issued and outstanding, respectively 986 997
Capital in excess of par value 57,562 58,004
Retained earnings 313,373 306,307
Accumulated other comprehensive income, net 1,210 (701)
Total shareholders' equity 373,131 364,607
Noncontrolling interest MRP 17,870 18,648
Total Equity 391,001 383,255
Total liabilities and shareholders' equity $ 535,147 $ 505,488