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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Real estate investments at cost:    
Land $ 123,397 $ 91,744
Buildings and improvements 255,366 141,241
Projects under construction 13,799 4,879
     Total investments in properties 392,562 237,864
Less accumulated depreciation and depletion 44,266 34,724
     Net investments in properties 348,296 203,140
Real estate held for investment, at cost 9,559 9,151
Investments in joint ventures 145,975 167,071
     Net real estate investments 503,830 379,362
Cash and cash equivalents 162,881 73,909
Cash held in escrow 502 196
Accounts receivable, net 991 923
Investments available for sale at fair value 4,315 75,609
Federal and state income taxes receivable 2,082 4,621
Unrealized rents 580 531
Deferred costs 3,047 707
Other assets 525 502
Total assets 678,753 536,360
Liabilities:    
Secured notes payable 178,371 89,964
Accounts payable and accrued liabilities 3,706 3,635
Other liabilities 1,886 1,886
Deferred revenue 470 542
Deferred income taxes 65,379 56,106
Deferred compensation 1,247 1,242
Tenant security deposits 764 332
    Total liabilities 251,823 153,707
Equity:    
Common stock, $.10 par value 25,000,000 shares authorized, 9,411,028 and 9,363,717 shares issued and outstanding, respectively 941 936
Capital in excess of par value 57,512 56,279
Retained earnings 338,344 309,764
Accumulated other comprehensive income, net 193 675
     Total shareholders’ equity 396,990 367,654
Noncontrolling interest MRP 29,940 14,999
     Total equity 426,930 382,653
Total liabilities and shareholders’ equity $ 678,753 $ 536,360