v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real Estate:    
Land, at Cost $ 278,594 $ 289,012
Building and Improvements, at Cost 778,031 766,371
Other Furnishings and Equipment, at Cost 923 923
Construction in Process, at Cost 4,913 4,091
Total Real Estate, at Cost 1,062,461 1,060,397
Less, Accumulated Depreciation (110,422) (107,268)
Real Estate-Net 952,039 953,129
Land and Development Costs   300
Intangible Lease Assets-Net 86,479 84,710
Assets Held for Sale-See Note 22 72,126  
Investment in Alpine Income Property Trust, Inc. 44,488 41,324
Commercial Loans and Investments 80,713 104,804
Cash and Cash Equivalents 8,282 6,467
Restricted Cash 10,587 34,652
Deferred Income Taxes-Net 2,309 2,309
Other Assets-See Note 10 42,644 36,207
Total Assets 1,299,667 1,263,902
Liabilities:    
Accounts Payable 1,852 1,709
Accrued and Other Liabilities-See Note 16 23,386 28,185
Deferred Revenue-See Note 17 16,911 18,802
Intangible Lease Liabilities-Net 32,562 31,486
Income Taxes Payable 61 29
Long-Term Debt-Net 649,532 616,345
Total Liabilities 724,304 696,556
Commitments and Contingencies-See Note 20
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 March 31, 2026 and December 31, 2025 47 47
Common Stock - 500,000,000 shares authorized; $0.01 par value, 33,293,471 shares issued and outstanding at March 31, 2026 and 32,372,291 shares issued and outstanding at December 31, 2025 333 324
Additional Paid-In Capital 396,749 382,494
Retained Earnings 176,442 184,886
Accumulated Other Comprehensive Income (Loss) 1,792 (405)
Total Stockholders' Equity 575,363 567,346
Total Liabilities and Stockholders' Equity $ 1,299,667 $ 1,263,902