v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real Estate:    
Land, at Cost $ 318,401 $ 289,012
Building and Improvements, at Cost 844,484 766,371
Other Furnishings and Equipment, at Cost 937 923
Construction in Process, at Cost 5,386 4,091
Total Real Estate, at Cost 1,169,208 1,060,397
Less, Accumulated Depreciation (129,699) (107,268)
Real Estate - Net 1,039,509 953,129
Land and Development Costs   300
Intangible Lease Assets - Net 97,092 84,710
Investment in Alpine Income Property Trust, Inc. 42,881 41,324
Commercial Loans and Investments 222,480 104,804
Cash and Cash Equivalents 8,815 6,467
Restricted Cash 12,266 34,652
Deferred Income Taxes-Net 2,050 2,309
Other Assets-See Note 10 70,243 36,207
Total Assets 1,495,336 1,263,902
Liabilities:    
Accounts Payable 2,710 1,709
Accrued and Other Liabilities - See Note 16 37,491 28,185
Deferred Revenue - See Note 17 21,347 18,802
Intangible Lease Liabilities - Net 34,784 31,486
Income Taxes Payable 52 29
Long-Term Debt - Net 717,621 616,345
Total Liabilities 814,005 696,556
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 September 30, 2026 and December 31, 2025 47 47
Common Stock - 500,000,000 shares authorized; $0.01 par value per share, 38,756,926 shares issued and outstanding at September 30, 2026 and 32,372,291 shares issued and outstanding at December 31, 2025 388 324
Additional Paid-In Capital 509,513 382,494
Retained Earnings 153,656 184,886
Accumulated Other Comprehensive Income (Loss) 17,727 (405)
Total Stockholders' Equity 681,331 567,346
Total Liabilities and Stockholders' Equity $ 1,495,336 $ 1,263,902