v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real Estate:    
Land, at Cost $ 298,959 $ 289,012
Building and Improvements, at Cost 799,569 766,371
Other Furnishings and Equipment, at Cost 934 923
Construction in Process, at Cost 8,501 4,091
Total Real Estate, at Cost 1,107,963 1,060,397
Less, Accumulated Depreciation (119,530) (107,268)
Real Estate-Net 988,433 953,129
Land and Development Costs   300
Intangible Lease Assets - Net 83,791 84,710
Investment in Alpine Income Property Trust, Inc. 51,310 41,324
Commercial Loans and Investments 187,388 104,804
Cash and Cash Equivalents 8,056 6,467
Restricted Cash 35,447 34,652
Deferred Income Taxes-Net 1,307 2,309
Other Assets-See Note 10 49,997 36,207
Total Assets 1,405,729 1,263,902
Liabilities:    
Accounts Payable 2,245 1,709
Accrued and Other Liabilities-See Note 16 24,322 28,185
Deferred Revenue-See Note 17 25,651 18,802
Intangible Lease Liabilities - Net 31,572 31,486
Income Taxes Payable 51 29
Long-Term Debt-Net 658,705 616,345
Total Liabilities 742,546 696,556
Commitments and Contingencies-See Note 20
Stockholders' Equity:    
Preferred Stock - 100,000,000 shares authorized; $0.01 par value per share, 6.375% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 4,713,069 shares issued and outstanding at June 30, 2026 and December 31, 2025 47 47
Common Stock - 500,000,000 shares authorized; $0.01 par value per share, 37,482,158 shares issued and outstanding at June 30, 2026 and 32,372,291 shares issued and outstanding at December 31, 2025 375 324
Additional Paid-In Capital 481,134 382,494
Retained Earnings 175,556 184,886
Accumulated Other Comprehensive Income (Loss) 6,071 (405)
Total Stockholders' Equity 663,183 567,346
Total Liabilities and Stockholders' Equity $ 1,405,729 $ 1,263,902