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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets:    
Land $ 121,074 $ 91,744
Buildings and improvements 255,429 141,241
Projects under construction 8,352 4,879
Total investments in properties 384,855 237,864
Less accumulated depreciation and depletion 39,528 34,724
Net investments in properties 345,327 203,140
Real estate held for investment, at cost 9,309 9,151
Investments in joint ventures 143,900 167,071
Net real estate investments 498,536 379,362
Cash and cash equivalents 116,843 73,909
Cash held in escrow 534 196
Accounts receivable, net 1,531 923
Investments available for sale at fair value 51,171 75,609
Federal and state income taxes receivable 4,509 4,621
Unrealized rents 532 531
Deferred costs 5,866 707
Other assets 509 502
Total assets 680,031 536,360
Liabilities:    
Secured notes payable 178,321 89,964
Accounts payable and accrued liabilities 3,478 3,635
Other liabilities 1,886 1,886
Deferred revenue 527 542
Deferred income taxes 66,420 56,106
Deferred compensation 1,244 1,242
Tenant security deposits 520 332
Total liabilities 252,396 153,707
Commitments and contingencies
Equity:    
Common stock, $.10 par value; 25,000,000 shares authorized, 9,387,823 and 9,363,717 shares issued and outstanding, respectively 939 936
Capital in excess of par value 56,474 56,279
Retained earnings 337,910 309,764
Accumulated other comprehensive income, net 433 675
Total shareholders' equity 395,756 367,654
Noncontrolling interest MRP 31,879 14,999
Total Equity 427,635 382,653
Total liabilities and shareholders' equity $ 680,031 $ 536,360