CTO Realty Growth, Inc
(NYSE:CTO)

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net...

Website: http://www.ctlc.com

Founded: 1902

Full Time Employees: 15

Sector: Real Estate

Industry: Real Estate-Development

Real Estate

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-05-09	2010-12-31	2010-11-09	2010-08-16	2010-05-04	2009-12-31	2009-09-30	2009-06-30	2009-05-08	2008-12-31	2008-09-30	2008-06-30	2008-05-08	2007-12-31	2007-09-30	2007-07-24	2007-05-01	2006-12-31

revenues																																																									1,073,720
income properties	36,580,000	33,670,000	33,439,000	33,375,000	31,672,000	31,562,000	28,528,000	25,878,000	24,623,000	26,290,000	25,183,000	22,758,000	22,432,000	19,628,000	17,694,000	16,367,000	15,168,000	13,922,000	13,734,000	11,574,000	11,449,000	14,543,828	12,933,029	11,473,112	11,003,031	10,594,870	10,260,831	10,375,295	10,724,418	11,728,550	9,360,155	9,781,299	9,205,727	8,840,425	7,928,258	7,565,007	7,073,240	6,608,830	6,021,331	6,033,082	6,429,241	5,614,294	5,034,090	4,132,052	4,260,675	4,148,526	3,864,632	3,552,130	3,404,359	3,207,067	3,356,937	3,325,616	3,154,668	2,318,753	2,461,342
management fee income	1,349,000	1,248,000	1,176,000	1,247,000	1,178,000	1,230,000	1,124,000	1,131,000	1,105,000	1,094,000	1,094,000	1,102,000	1,098,000	994,000	951,000	948,000	936,000	944,000	940,000	752,000	669,000	664,195	682,153	695,051	702,601
interest income from commercial loans and investments	3,244,000	3,421,000	3,142,000	3,016,000	2,961,000	2,950,000	1,615,000	1,441,000	1,351,000	1,119,000	1,114,000	1,056,000	795,000	841,000	1,323,000	1,290,000
total revenues	41,173,000	38,339,000	37,757,000	37,638,000	35,811,000	35,742,000	31,805,000	28,845,000	28,127,000	29,885,000	28,470,000	26,047,000	24,717,000	22,530,000	23,117,000	19,463,000	17,210,000	24,700,000	16,577,000	14,283,000	14,712,000	15,960,851	14,571,974	13,009,743	12,838,432	994,965	11,748,131	17,938,831	14,259,319	29,575,119	18,428,697	13,833,185	24,851,599	17,480,622	12,380,602	22,837,783	38,713,284	27,635,543	12,210,945	12,873,938	18,354,435	19,783,432	8,297,715	7,608,208	7,308,325	8,089,161	14,069,135	6,261,442	7,099,985	9,654,120	6,372,495	4,971,925	5,055,378	4,080,661	3,840,622
yoy	14.97%	7.27%	18.71%	30.48%	27.32%	19.60%	11.71%	10.74%	13.80%	32.65%	23.16%	33.83%	43.62%	-8.79%	39.45%	36.27%	16.98%	54.75%	13.76%	9.79%	14.59%	1504.16%	24.04%	-27.48%	-9.96%	-96.64%	-36.25%	29.68%	-42.62%	69.19%	48.85%	-39.43%	-35.81%	-36.75%	1.39%	77.40%	110.92%	39.69%	47.16%	69.21%	151.14%	144.57%	-41.02%	21.51%	2.93%	-16.21%	120.78%	25.94%	40.44%	136.58%	65.92%
qoq	7.39%	1.54%	0.32%	5.10%	0.19%	12.38%	10.26%	2.55%	-5.88%	4.97%	9.30%	5.38%	9.71%	-2.54%	18.77%	13.09%	-30.32%	49.00%	16.06%	-2.92%	-7.82%	9.53%	12.01%	1.33%	1190.34%	-91.53%	-34.51%	25.80%	-51.79%	60.48%	33.22%	-44.34%	42.17%	41.19%	-45.79%	-41.01%	40.09%	126.32%	-5.15%	-29.86%	-7.22%	138.42%	9.06%	4.10%	-9.65%	-42.50%	124.69%	-11.81%	-26.46%	51.50%	28.17%	-1.65%	23.89%	6.25%
direct cost of revenues
total direct cost of revenues	-10,168,000	-9,580,000	-9,274,000	-10,178,000	-8,891,000	-9,155,000	-8,156,000	-8,339,000	-7,572,000	-8,419,000	-7,212,000	-7,309,000	-7,238,000	-6,974,000	-6,776,000	-5,040,000	-4,067,000	-11,875,000	-4,236,000	-3,320,000	-2,999,000	-3,673,984	-5,274,458	-2,625,097	-3,637,461	4,386,845	-1,818,436	-6,115,319	-3,557,757	-1,717,316	-8,739,613	-4,435,384	-4,791,688	-6,024,595	-3,466,206	-8,854,499	-12,107,677	-13,081,483	-4,043,639	-3,828,511	-4,886,387	-5,874,273	-2,721,326	-2,488,167	-2,684,332	-2,660,594	-5,236,173	-2,189,515	-1,913,674	-4,829,623	-1,956,910	-2,046,792	-1,789,985	-1,545,429	-1,685,806
general and administrative expenses	-5,077,000	-4,616,000	-4,780,000	-4,448,000	-4,683,000	-4,519,000	-4,075,000	-3,459,000	-4,216,000	-3,756,000	-3,439,000	-3,327,000	-3,727,000	-3,927,000	-3,253,000	-2,676,000	-3,043,000	-2,725,000	-2,680,000	-2,665,000	-3,132,000	-2,963,607	-3,340,982	-2,170,671	-3,091,740	-2,936,551	-2,260,728	-2,119,176	-2,501,620	-2,604,633	-1,928,008	-2,429,181	-2,823,548	-2,309,764	-1,995,512	-2,727,187	-3,220,147	-1,779,467	-1,821,827	-1,899,126	-4,797,457	-2,630,176	-2,778,960	-1,874,877	-1,469,766	-2,454,591	-1,506,964	-1,545,247	-1,510,434	-1,211,731	-1,207,593	-1,260,674	-1,753,564			-1,452,816	-1,520,241	-2,294,269	-1,357,749	-644,502	-1,792,613	-613,274	-1,088,344	-1,006,653	-1,205,947	-731,185	-1,602,005	-2,386,052		-256,997	-1,410,864	76,058		-644,914	-1,044,337	-996,286
provision for impairment and adjustment to cecl reserve	321,000
depreciation and amortization	-15,956,000	-15,428,000	-14,929,000	-15,294,000	-14,364,000	-29,348,000	-13,221,000	-11,549,000	-10,931,000	-11,359,000	-11,669,000	-10,829,000	-10,316,000	-8,454,000	-7,305,000	-6,727,000	-6,369,000	-5,153,000	-5,567,000	-5,031,000	-4,830,000	-4,727,285	-4,762,057	-5,021,187	-4,552,471	-4,089,568	-4,286,836	-4,074,587	-3,346,287	-4,148,966	-3,857,240	-3,854,938	-3,900,379	-3,524,525	-3,161,169	-3,215,690	-2,762,575	-2,377,031	-1,945,460	-1,805,559	-2,067,367	-1,568,277	-1,417,129	-1,071,752	-1,155,739	-985,478	-886,618	-846,381	-772,008	-738,802	-738,537	-714,199	-772,516	-584,531	-584,210
total operating expenses	-30,880,000	-29,624,000	-29,051,000	-29,920,000	-27,938,000	-43,045,000	-25,990,000	-23,414,000	-22,767,000	-23,682,000	-23,249,000	-21,465,000	-21,760,000	-19,355,000	-17,334,000	-14,443,000	-13,479,000	-20,825,000	-12,483,000	-27,543,000	-10,961,000	-18,607,376	-13,377,497	-9,816,955	-13,186,172	-2,639,274	-8,366,000	-12,309,082	-9,405,664	-7,351,553	-15,644,223	-10,719,503	-7,864,757	-11,858,580	-8,623,153	-14,797,376	-15,863,873	-17,321,649	3,668,564	-8,141,070	-11,961,119	-8,337,611	-3,154,275	-5,422,047	-5,814,438	-6,099,163	-8,050,795	-4,581,143	-4,196,116	-6,780,156	-3,903,040	-4,637,943	-4,316,065	-3,686,565	-4,614,977
total operating income	10,293,000	28,794,000	10,026,000	-12,678,000	7,873,000	-7,303,000	4,960,000	5,431,000	14,523,000	10,181,000	7,685,000	5,683,000	2,957,000	-8,595,000	10,756,000	5,020,000	3,486,000	1,295,000	26,760,000	-9,169,000	4,459,000	-266,600	1,484,213	10,773,190	289,197	-536,040	5,569,463	17,441,656	11,723,612	22,223,566	2,784,474	21,498,490
investment and other income	3,243,000	6,784,000	-221,000	-3,687,000	575,000	-2,595,000	7,031,000	1,429,000		3,283,000	1,184,000	1,811,000		7,046,000	-3,065,000	-1,311,000	-1,894,000	4,007,000	-797,000	3,903,000	5,332,000	-685,718	-1,029,496	8,469,612	-13,186,398
interest expense	-7,271,000	-7,100,000	-6,833,000	-6,859,000	-6,136,000	-5,756,000	-5,632,000	-5,604,000	-5,529,000	-6,198,000	-6,318,000	-5,211,000	-4,632,000	-3,899,000	-3,037,000	-2,277,000	-1,902,000	-2,078,000	-1,986,000	-2,421,000	-2,444,000	-2,455,208	-2,477,232	-2,452,962	-3,452,598	-3,246,867	-3,253,908	-3,042,058	-2,923,229	-2,979,364	-2,345,156	-2,537,301	-2,561,465	-2,243,770	-2,073,299	-2,144,176	-2,061,891	-2,052,745	-2,454,390	-2,154,437	-2,091,766	-2,072,686	-1,892,145	-1,888,434	-1,066,502	-884,978	-569,154	-517,778	-467,651	-510,538	-509,898	-468,596	-296,668	-134,958	-124,650
income before income tax expense	6,265,000																				7,347,000									8,466,066.75	453,497	18,973,081	14,437,689	7,098,833	1,693,874	5,904,755	20,796,703	8,292,330	13,427,650	2,581,122		1,093,037.5	3,421,761	372,545	577,844
income tax expense	-60,000	-75,750	-58,000																											-2,123,222	-157,325	-4,810,173	-3,525,390	-2,750,783	-726,974	-2,225,847	-8,050,311	-3,212,127	-5,281,646	-1,000,480	-2,342,601	-3,547,208	-1,349,480	-147,928	-224,488	-847,120.75	-1,984,741						-165,753
net income attributable to the company	6,205,000	28,335,000	2,914,000	-23,418,000	2,261,000	-15,217,000	6,227,000	1,183,000	5,842,000	7,037,000	2,686,000	1,800,000	-5,993,000	-3,079,000	4,817,000	1,218,000	202,000	1,932,000	23,947,000
distributions to preferred stockholders	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,871,000	-1,187,000	-1,187,000	-1,195,000	-1,195,000	-1,195,000	-1,195,000	-1,195,000	-1,196,000	-1,195,000	-1,196,000	-1,129,000
net income attributable to common stockholders	4,327,000	26,457,000	1,036,000	-25,296,000	383,000	-17,095,000	4,349,000	-688,000	4,655,000	5,850,000	1,491,000	605,000		-4,274,000	3,622,000	22,000	-993,000	736,000	22,818,000
per share information—see note 12:
basic and diluted net income attributable to common stockholders	0.13	0.82	0.03	-0.77		-0.7	0.17	-0.03				0.03					-0.17	1.14	3.87
weighted-average number of common shares
basic	32,519,156	32,267,365	32,651,101	32,678,771	31,552,973	25,361,379	25,445,411	22,787,252	22,551,241		22,484,561				18,386,435			5,892,270	5,901,095	5,898,280	5,879,085	4,704,877
diluted	32,522,938	32,292,812	32,682,775	32,727,831	31,595,431	25,401,176	25,521,749	22,828,148	26,057,652		22,484,561				21,505,460			5,892,270	5,901,095	5,898,280	5,879,085	4,704,877
real estate operations							538,000	395,000	1,048,000	1,382,000	1,079,000	1,131,000	392,000	1,067,000	3,149,000	858,000	388,000	9,109,000	1,177,000	1,248,000	1,893,000	19,159	543,700	6,390	80,751	-10,825,149	631,741	7,510,771	3,534,901	21,520,988	8,012,509	2,484,314	13,979,330	6,864,334	2,926,406	13,257,355	29,474,460	19,165,183	4,643,646	4,774,620	9,560,898	11,966,554	1,748,398	1,368,141	859,801	2,030,605	8,645,034	1,003,668	1,276,513	3,934,788	1,369,397	302,977	338,348	799,738	331,496
provision for impairment			-68,000			-23,000	-538,000	-67,000	-48,000	-148,000	-929,000		-479,000
gain on disposition of assets		20,079,000	1,373,000				-855,000		9,163,000	3,978,000	2,464,000	1,101,000		-11,770,000	4,973,000		-245,000	210,000	22,666,000	4,732,000	708,000	2,380,406	289,736	7,075,858		1,108,269	2,187,332	11,811,907	6,869,957			18,384,808	3,650,858	304	-266			-83,668	11,479,490	1,362,948		1,735,115	3,763,140	12,749	5,440									-2,406	-33,513
loss on extinguishment of debt			-53,000	-20,396,000
other gain		20,079,000	1,320,000	-20,396,000			-855,000		9,163,000
income before income tax benefit		28,478,000	2,972,000	-23,224,000	2,312,000	-15,654,000	6,359,000	1,256,000	5,735,000	7,266,000	2,551,000	2,283,000		-5,448,000	4,654,000	1,432,000	-310,000	5,909,250	23,977,000	-7,687,000
per share information—see note 13:
income tax benefit				-194,000	-51,000	437,000	-132,000	-73,000	107,000	-229,000	135,000	-483,000	-27,000	2,369,000	163,000	-214,000	512,000	1,092,750	-30,000	3,963,000	438,000																											-453,984	-949,758	-1,094,942	-755,918	56,193
basic net income attributable to common stockholders					0.01				0.21	-0.058	0.07			0.038	0.2
diluted net income attributable to common stockholders					0.01				0.2	-0.058	0.07			0.038	0.19
investment and other loss									-3,259,000				-4,291,000
other gains and income										891,250	2,464,000	1,101,000		1,182,000	4,973,000		-245,000	-2,580,000	22,666,000	4,091,000	708,000	2,379,925	289,736	7,580,402	636,937					5,508,916.5		18,384,808
weighted-average number of common shares
basic and diluted										22,529,703		22,482,957	22,704,829	18,508,201		6,004,178	5,908,892
loss on disposition of assets
other loss
loss before income tax benefit													-5,966,000
net loss attributable to common stockholders													-7,188,000
basic and diluted net loss attributable to common stockholders													-0.32
impairment charges																		-1,072,000		-16,527,000		-7,242,500			-1,904,500					-279,840.5	-1,119,362									-1,970,822	-209,908				-510,041		-421,040					-616,278
per share information—see note 14:
gain on extinguishment of debt																		-2,790,000		-641,000		-481		504,544	636,937
interest income from commercial loan and master lease investments																	718,000	725,000	726,000	709,000	701,000	733,669	413,092
per share information—see note 15:
dividends declared and paid - preferred stock																		0.094	0.376
dividends declared and paid - common stock																		0.75	1
net income																				-3,724,000	7,785,000	79,681,839	-1,521,504	12,610,524	-12,261,859	96,421,939	1,486,022	10,596,798	6,468,099	11,796,411	296,172	14,162,908	10,912,299	24,327,224	966,900	3,678,908	12,746,392	5,080,203	8,146,004	1,580,642	1,392,565	5,639,063	2,072,281	224,617	353,356	681,812	3,478,691	722,908	1,500,407	1,852,128	1,242,304	251,770	337,045	61,821	-556,606	599,586	494,401	-548,076	-4,217,992	318,782	-258,905	89,391	-176,993	-593,171	77,819	80,893	209,662	187,809	322,206	2,402,338	105,246	2,171,192	156,124	10,898,146	2,102,564	1,115,940
yoy																				-129.53%	-163.49%	-17.36%	-202.39%	19.00%	-289.57%	717.38%	401.74%	-25.18%	-40.73%	-51.51%	-69.37%	284.98%	-14.39%	378.86%	-88.13%	132.75%	815.32%	-9.91%	293.09%	603.71%	294.10%	727.07%	-40.43%	-68.93%	-76.45%	-63.19%	180.02%	187.13%	345.17%	2895.95%	-323.19%	-58.01%	-31.83%	-111.28%	-86.80%	88.09%	-290.96%	-713.12%	2283.14%	-153.74%	-432.70%	10.51%	-184.42%	-415.84%	-75.85%	-96.63%	99.21%	-91.35%	106.38%	-77.96%	-94.99%	94.56%
qoq																				-147.84%	-90.23%	-5337.04%	-112.07%	-202.84%	-112.72%	6388.59%	-85.98%	63.83%	-45.17%	3882.96%	-97.91%	29.79%	-55.14%	2416.00%	-73.72%	-71.14%	150.90%	-37.64%	415.36%	13.51%	-75.31%	172.12%	822.58%	-36.43%	-48.17%	-80.40%	381.21%	-51.82%	-18.99%	49.09%	393.43%	-25.30%	445.19%	-111.11%	-192.83%	21.28%	-190.21%	-87.01%	-1423.16%	-223.13%	-389.63%	-150.51%	-70.16%	-862.24%	-3.80%	-61.42%	11.64%	-41.71%	-86.59%	2182.59%	-95.15%	1290.68%	-98.57%	418.33%	88.41%
net income margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-26.07%	52.92%	499.23%	-10.44%	96.93%	-95.51%	9690.99%	12.65%	59.07%	45.36%	39.89%	1.61%	102.38%	43.91%	139.17%	7.81%	16.11%	32.93%	18.38%	66.71%	12.28%	7.59%	28.50%	24.97%	2.95%	4.83%	8.43%	24.73%	11.55%	21.13%	19.18%	19.49%	5.06%	6.67%	1.51%	-14.49%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%
basic and diluted net income per share																				-0.63		-0.063	-0.33	2.71	-2.6
dividends declared and paid																				1	1	12.98	0.4	0.25	0.25	0.13	0.11	0.1	0.1	0.08	0.07	0.06	0.06	0.05	0.05	0.04	0.04	0.04	0.04	0.04		0.04		0.04		0.04		0.03		0.03		0.03
basic net income per share																					1.32					19.36	0.31	2.14	1.21	2.16	0.05	2.56	1.97
diluted net income per share																					1.32					19.33	0.31	2.14	1.21	2.15	0.05	2.56	1.96
income from continuing operations before income tax benefit																						-395,618.5	-2,022,515						8,839,138
income tax benefit from continuing operations																						83,089,365	501,011		4,087,940				-2,210,802
income from continuing operations																						79,681,839	-1,521,504	12,610,524	-12,261,859																1,392,565					681,812	3,478,691	722,908	1,500,407	1,268,498	1,203,639	-78,196	277,058	173,963	-556,606	549,804	392,733
income from discontinued operations (net of income tax)—see note 23
per share information—see note 13:
basic and diluted
net income from continuing operations																						16.94	-0.33	2.71	-2.6	-2,537,371	1,753,459	10,760,870	6,628,336
net income from discontinued operations
interest income from commercial loan investments																								835,190	1,052,049	227,081	855,559	52,765			41,262	273,467	300,999	325,240	637,801	553,159	536,489	537,728	534,212	635,050	881,245	874,551	546,640	638,710	631,484	609,178	382,087	255,769
income from continuing operations before income tax expense																								16,789,840	-16,349,799	-3,524,427	2,348,603	14,414,158													3,735,166
income tax expense from continuing operations																								-4,179,316		-1,614,808.5	-595,144	-3,653,288
investment income																										258,480	33,048	14,560	38,755	13,838	14,179	11,892	12,312	10,554	9,724	8,524	9,183	31,181	2,531	2,691	-566,384	-186,864	170,466	74,818	150,459
loss from discontinued operations (net of income tax)—see note 21																										-147,936.5	-267,437	-164,072
per share information—see note 11:
basic
net income from continuing operations attributable to consolidated-tomoka land co.																										0.948	0.36	2.17													0.25
net income from discontinued operations attributable to consolidated-tomoka land co.																										-0.03	-0.05	-0.03
basic net income per share																					1.32					19.36	0.31	2.14	1.21	2.16	0.05	2.56	1.97
diluted
loss from discontinued operations (net of income tax)—see note 20																													-160,237
per share information—see note 10:
basic
net loss from discontinued operations																													-0.03
basic net income per share																					1.32					19.36	0.31	2.14	1.21	2.16	0.05	2.56	1.97
diluted
golf operations																														913,011.25	1,014,771	1,282,918	1,354,356	1,439,436	797,420	1,383,513	1,474,944	1,312,471	1,001,368	1,412,196	1,464,359	1,308,409	949,083	1,448,567	1,537,426	1,281,073	994,651	1,432,398	1,417,379	1,316,269	981,118	1,312,826	1,464,685	1,062,085	861,326
agriculture and other income																														5,593.5		11,187	11,187	11,187	90,717	78,749	154,151	11,331	10,388	18,990	18,692	19,624	19,504	20,738	18,939	19,779	182,731	17,477	57,844	127,281	20,845	30,506
land lease income
per share information—see note 11:
operating income																																	16,986,842	5,622,042	3,757,449	8,040,407	22,849,411	10,313,894	15,879,509	4,732,868	6,393,316	11,445,821	5,143,440	2,186,161	1,493,887	1,989,998	6,018,340	1,680,299	2,903,869	2,873,964	2,469,455	333,982	739,313	394,096	-774,355					1,106,451	1,388,383	847,094	805,687	79,388	1,327,752	808,717	1,941,155	2,697,063	1,542,309	4,061,536	1,581,419	3,431,160	1,474,507	17,749,385	4,373,059	2,801,290	2,539,566
yoy																																	-25.66%	-45.49%	-76.34%	69.88%	257.40%	-9.89%	208.73%	116.49%	327.97%	475.17%	-14.54%	30.11%	-48.56%	-30.76%	143.71%	403.11%	292.78%	629.25%	-418.90%									1293.73%	4.57%	4.75%	-58.49%	-97.06%	-13.91%	-80.09%	22.75%	-21.40%	4.60%	-77.12%	-63.84%	22.48%	-41.94%
qoq																																	202.15%	49.62%	-53.27%	-64.81%	121.54%	-35.05%	235.52%	-25.97%	-44.14%	122.53%	135.27%	46.34%	-24.93%	-66.93%	258.17%	-42.14%	1.04%	16.38%	639.40%	-54.83%	87.60%	-150.89%						-20.31%	63.90%	5.14%	914.87%	-94.02%	64.18%	-58.34%	-28.03%	74.87%	-62.03%	156.83%	-53.91%	132.70%	-91.69%	305.88%	56.11%	10.31%
operating margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	68.35%	32.16%	30.35%	35.21%	59.02%	37.32%	130.04%	36.76%	34.83%	57.86%	61.99%	28.73%	20.44%	24.60%	42.78%	26.84%	40.90%	29.77%	38.75%	6.72%	14.62%	9.66%	-20.16%	NaN%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
per share information- see note 10:
land lease termination																																		556,631.5			2,226,526
less: net loss attributable to noncontrolling interest in consolidated vie																																						14,870	15,010	-10,199	32,153	50,259	7,590
net income attributable to consolidated-tomoka land co.																																		24,327,224	966,900	3,678,908	12,746,392	5,095,073	8,161,014	1,570,443	1,424,718	5,689,322	2,079,871
per share information- see note 10:
basic
diluted
per share information- see note 10:
basic and diluted
income from discontinued operations																																																		-538,078.8	38,665	329,966	59,987	-112,142		49,782	101,668
per share information- see note 10:
basic
net income from discontinued operations attributable to consolidated-tomoka land co.																										-0.03	-0.05	-0.03
diluted
per share information- see note 9:
basic
diluted
per share information:
basic and diluted
interest income																																														19,172	14,246	14,371	13,947	14		225	166	665	453
before income tax expense																																														2,272,622.25	5,463,432	1,176,892	2,450,165	522,444.5	1,959,557	-134,389	442,811
interest income from commercial mortgage loans																																																	943,890
income from discontinued operations (net of tax) – see note 3
per share information – see note 10:
basic and diluted
interest income from commercial mortgage loan																																																		1,068,715	644,198
loss on early extinguishment of debt																																																									-245,726
other income																																																					97,677	-99,915	186,458
other																																																						-32,414	-28,530
general and administrative																																																						-1,050,020.5	-1,864,770
stock compensation																																																						-217,575.75	-446,678
before income tax																																																						155,792.25	-898,552
income tax																																																						-85,840	341,946
per share information
basic and diluted
dividends declared & paid																																																						0.005
income
real estate operations:
real estate sales
sales and other income																																																								930,477		340,762	68,496	67,502	69,824	50,512	34,969	-1,071,704	53,554	47,973	959,081	1,620,800	6,093	2,206,810	97,735	2,186,210	74,844	17,087,120	2,994,820	1,189,294	4,676,566
costs and other expenses																																																								-338,986	-293,837			-370,628	-318,093	-353,764	-436,647		-244,992	-442,083	-256,400			-361,661	-345,055	-469,075		-2,101,274	-627,262	-439,160
real estate sales - sum																																																								591,491				-303,126	-248,269	-303,252	-401,678		-191,438	-394,110	702,681			281,720.25	-247,320	1,717,135		1,006,810.5	2,367,558	750,134
leasing revenues and other income																																																								2,454,689		1,787,642	2,480,999	2,393,004	2,373,725	2,424,058	2,451,845	2,401,551	2,416,380	2,463,333	2,429,747	2,338,079	2,338,970	2,361,257	2,380,052	2,320,993	2,173,473				2,160,785
income properties - sum																																																								1,781,868	1,684,434			1,736,610	1,722,025	1,706,087	1,811,863		1,813,665	1,805,220	1,822,976			1,872,337	1,864,627	1,856,300		1,791,555	1,687,198	1,742,023
golf operations - sum																																																								-225,672	-175,410			-411,540	-260,584	-578,143	-634,501		-361,539	-639,290	-658,509			-407,607	-717,416	-480,654		-419,675	-647,559	-390,951
total real estate operations																																																								2,147,687	2,288,907	695,330	-5,675,787	1,021,944	1,213,172	824,692	775,684	22,718	1,260,688	771,820	1,867,148	2,654,616	1,464,212	3,309,879	899,891	3,092,781	1,163,879	16,357,726	3,407,197	2,101,206	2,354,113
interest and other income																																																								191,022	112,889	92,963	86,210	83,007	175,211	16,002	30,003	56,670	54,239	33,897	55,718	39,447	66,547	176,657	91,089	142,122	302,628	212,811	149,627	150,084	150,709
before income taxes																																																								885,893																		1,047,146.75	3,328,722	1,805,004
income taxes																																																								-336,089	-243,096	680,685.5	2,720,584	-143,167	145,325	-144,429	105,664	334,094	-43,986	3,361	-129,488	-123,202		-1,402,201	-65,309	-1,336,026		-6,206,325	-1,226,158	-689,064	361,327
basic and diluted per share information:
net income per share																																																								0.1	0.09
dividends per share																																																								0.02
real estate
real estate - sum																																																									779,883
income from continuing operations before income taxes																																																									635,829
costs and other incomes																																																										-271,243	-396,251					-279,184				-312,742
impairment charge																																																										-651,603	-2,606,412
profit on sales of other real estate interests																																																										11,750	8,750
income before income taxes																																																										-1,720,214.25	-6,938,576	461,949	-404,230	233,820	-282,657	-927,265	121,805	77,532	339,150	311,011	516,892	982,820	170,555	3,507,218
per share information:
basic and diluted loss per share																																																										-0.183	-0.74
dividends																																																										0.005		0.01	0.01	0.008	0.01	0.01	0.01	0.063	0.05	0.1	0.1	0.075	0.1	0.1	0.1	0.07	0.1	0.09	0.09
profit on sales of other
real estate interests																																																												1,500		3,206.25			12,825	8,209.75	18,289	3,000	11,550	198,674	590,439	196,257	8,000	350,244.75	816,235	550,000	34,744
basic and diluted income per share																																																												0.06	-0.05	-0.03	-0.03	-0.1	0.01	0.033	0.04	0.03	0.06	0.105	0.02	0.38	0.03
income (loss) before income taxes																																																																									253,507
leasing revenues & other income																																																																										1,634,495.5	2,207,308	2,169,889
income before discontinued operations
and cumulative effect of
change in accounting principle																																																																										658,673	2,102,564	1,115,940
net of income tax
cumulative effect of change in
accounting principle
and cummulative effect of
cummulative effect of change in
income from discontinued operations,
accounting principle, net of income tax
income (loss) from continuing operations
income (loss) before discontinued operations
loss from discontinued operations,

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-05-09	2011-03-31	2010-12-31	2010-11-09	2010-09-30	2010-08-16	2010-06-30	2010-05-04	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-05-08	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-05-08	2008-03-31	2007-12-31	2007-09-30	2007-07-24	2007-06-30	2007-05-01	2007-03-31	2006-12-31

assets
real estate:
land, at cost	278,594,000	289,012,000	280,171,000	283,759,000	283,764,000	257,748,000	253,742,000	236,207,000	234,681,000	222,232,000	235,880,000	249,607,000	233,619,000	233,930,000	209,298,000	205,245,000	205,241,000	189,589,000	162,297,000	172,304,000	179,923,000	166,512,000
building and improvements, at cost	778,031,000	766,371,000	766,444,000	764,952,000	764,380,000	720,480,000	691,055,000	601,584,000	599,901,000	559,389,000	588,224,000	600,249,000	538,449,000	530,029,000	377,758,000	344,205,000	343,717,000	325,418,000	256,902,000	320,769,000	317,870,000	305,614,000
other furnishings and equipment, at cost	923,000	923,000	919,000	911,000	898,000	883,000	874,000	872,000	865,000	857,000	851,000	847,000	748,000	748,000	746,000	741,000	736,000	707,000	701,000	682,000	679,000	672,000
construction in process, at cost	4,913,000	4,091,000	5,508,000	2,597,000	2,968,000	5,091,000	4,838,000	4,824,000	3,320,000	3,997,000	4,127,000	3,557,000	4,630,000	6,052,000	10,717,000	10,419,000	5,163,000	3,150,000	1,675,000	1,351,000	551,000	323,000
total real estate, at cost	1,062,461,000	1,060,397,000	1,053,042,000	1,052,219,000	1,052,010,000	984,202,000	950,509,000	843,487,000	838,767,000	786,475,000	829,082,000	854,260,000	777,446,000	770,759,000	598,519,000	560,610,000	554,857,000	518,864,000	421,575,000	495,106,000	499,023,000	473,121,000
less, accumulated depreciation	-110,422,000	-107,268,000	-108,883,000	-100,206,000	-91,199,000	-82,864,000	-70,545,000	-63,547,000	-56,810,000	-52,012,000	-50,117,000	-48,198,000	-41,913,000	-36,038,000	-31,278,000	-31,735,000	-27,844,000	-24,169,000	-22,385,000	-31,211,000	-33,319,000	-30,737,000
real estate—net	952,039,000	953,129,000	944,159,000	952,013,000	960,811,000	901,338,000	879,964,000	779,940,000	781,957,000	734,463,000	778,965,000	806,062,000	735,533,000	734,721,000	567,241,000	528,875,000	527,013,000	494,695,000	399,190,000	463,895,000	465,704,000	442,384,000
land and development costs		300,000	300,000	300,000	300,000	300,000	300,000	300,000	358,000	731,000	698,000	682,000	683,000	685,000	685,000	686,000	694,000	692,000	6,702,000	6,684,000	7,074,000	7,083,000	7,200,397	7,151,736	6,805,176	6,732,291	23,520,982	22,824,001	25,745,482	25,764,633	27,243,368	31,371,995	30,145,845	39,477,697	40,750,335	40,213,760	44,443,943	51,955,278	58,460,992	56,962,202	55,839,895	53,406,020	50,247,962	38,511,871		23,205,749	22,863,889	25,460,118	24,085,570	23,768,914	26,520,183	26,537,831	27,150,497	27,848,525	27,844,287	27,847,134	27,858,696	27,825,924	24,563,912	27,158,842	27,096,896	27,096,896,000	27,047,317	24,250,413	24,250,413	24,182,700	24,182,700,000	25,781,836	25,781,836,000	26,700,494	22,241,222	19,821,489	19,935,142	19,935,142	18,973,138	17,435,972	16,208,954	15,249,071	15,249,071	15,654,456	16,012,716	14,437,470	14,437,470	14,436,276	14,436,276	15,058,340
intangible lease assets—net	86,479,000	84,710,000	74,552,000	81,548,000	88,931,000	79,198,000	107,658,000	95,054,000	101,039,000	97,109,000	105,851,000	113,083,000	110,323,000	115,984,000	87,671,000	78,328,000	81,925,000	79,492,000	64,624,000	71,470,000	53,215,000	50,176,000	52,746,436	54,735,943	65,638,034	49,022,178	49,195,221	46,133,215	42,315,994	43,555,445	37,112,279	38,606,046	40,099,046	38,758,059	35,810,734	37,146,580	35,642,983	34,725,822	31,002,084	16,646,400	17,227,910	20,087,151
assets held for sale—see note 22	72,126,000																													75,866,510
investment in alpine income property trust, inc.	44,488,000	41,324,000	35,022,000	34,752,000	39,501,000	39,666,000	42,997,000	36,561,000	35,643,000	39,445,000	38,162,000	37,906,000	39,259,000	42,041,000	35,260,000	38,483,000	38,587,000	41,037,000	37,468,000	38,794,000	35,408,000	30,574,000	31,716,464	33,164,611	25,108,018
commercial loans and investments	80,713,000	104,804,000	112,187,000	106,128,000	105,000,000	105,043,000	103,014,000	50,323,000	66,552,000	61,849,000	46,572,000	46,483,000	47,118,000	31,908,000	46,201,000	68,783,000
cash and cash equivalents	8,282,000	6,467,000	9,281,000	8,551,000	8,428,000	9,017,000	8,172,000	4,794,000	6,760,000	10,214,000	7,015,000	7,312,000	7,023,000	19,333,000	9,532,000	7,137,000	9,450,000	8,615,000	7,005,000	4,701,000	4,691,000	4,289,000	6,351,772	10,701,531	18,593,046	6,474,637	5,411,727	2,621,257	2,682,205	2,310,489	5,320,493	4,312,324	3,724,714	6,559,409	5,944,544	7,153,369	4,427,864	7,779,562	9,041,486	24,742,236	7,371,196	4,060,677	4,219,044	31,674,420	25,078,783	1,881,195	2,219,256	3,929,485	1,058,652	4,932,512	743,424	1,254,002	1,429,630	1,301,739
restricted cash	10,587,000	34,652,000	8,289,000	10,291,000	6,936,000	8,344,000	1,696,000	1,363,000	8,057,000	7,605,000	22,618,000	2,755,000	1,589,000	1,861,000	37,292,000	27,189,000	26,385,000	22,734,000	68,546,000	13,918,000	609,000	29,536,000	2,425,944	29,709,862	2,910,392	128,430,049	6,213,295	59,035,150	1,336,361	19,721,475	8,477,796	2,419,686	3,148,997	6,508,131	7,027,196	4,727,381	5,882,767	9,855,469	6,643,732	10,568,618	15,156,505	14,060,523	10,625,517	1,493,395	5,383,695	4,440,098	1,425,507	842,508	812,593	366,645	322,562	233,589	888,150		3,764,058	4,374,407	2,779,511	2,779,511																	462,765	460,555		9,510,980	9,510,980	10,387,550	1,524,347	1,310,560	1,310,560	1,918,927	1,918,927	1,185,962
deferred income taxes—net	2,309,000	2,309,000	2,427,000	2,472,000	2,494,000	2,467,000	2,019,000	2,147,000	2,190,000	2,009,000	2,363,000	2,423,000	2,503,000	2,530,000	61,000	105,000	75,000	483,000	215,000	473,000	3,343,000	3,521,000	83,105,934	90,581,236	86,969,609	90,282,173	58,761,619	58,745,748	55,880,337	54,769,907	50,308,213	50,603,916	45,965,858	42,293,864	63,458,746	62,416,899	60,351,549	51,364,572	48,835,542	42,405,361	42,233,843	39,526,406	35,910,210	35,515,496
other assets—see note 10	42,644,000																										14,008,249	12,225,432			14,852,899	13,975,385
total assets	1,299,667,000	1,263,902,000	1,222,353,000	1,233,226,000	1,243,903,000	1,181,644,000	1,176,124,000	1,009,768,000	1,041,083,000	989,668,000	1,066,373,000	1,061,512,000	981,254,000	986,545,000	845,772,000	802,355,000	754,219,000	733,139,000	686,682,000	689,872,000	673,435,000	665,931,000	685,431,961	688,852,871	717,035,731	703,286,203	583,461,366	577,523,306	518,507,258	556,329,872	476,159,770	480,549,646	484,443,604	466,130,378	436,710,801	432,041,488	414,941,060	408,623,426	377,543,470	387,130,138	408,254,856	406,016,513	333,357,568	305,810,248	305,088,117	275,922,755	252,336,474	240,579,283	209,802,834	226,183,680	228,724,403	201,016,878	205,799,077	184,696,900	172,505,425	176,564,149	171,460,632	170,265,803	167,593,651	178,611,127	176,913,777	176,913,777,000	177,758,950	176,524,383	176,524,383	175,825,726	175,825,726,000	176,238,184	176,238,184,000	176,575,132	173,814,104	174,201,460	173,804,166	173,804,166	173,146,063	171,505,031	169,663,724	168,608,126	168,608,126	171,832,530	156,514,061	154,276,015	154,276,015	155,118,473	155,118,473	153,774,164
liabilities and stockholders’ equity
liabilities:
accounts payable	1,852,000	1,709,000	1,850,000	2,228,000	1,741,000	3,278,000	2,075,000	1,787,000	2,638,000	2,758,000	3,969,000	3,980,000	2,771,000	2,544,000	1,136,000	1,325,000	1,553,000	676,000	1,402,000	1,332,000	739,000	1,047,000	1,705,922	759,158	1,239,274	1,385,739	2,624,096	704,977	990,363	1,036,547	844,745	1,745,714	1,429,652	1,880,516	1,307,813	1,359,060	1,989,680	1,518,105	1,761,159	2,225,130	4,383,188	1,934,417	1,384,811	1,391,498	1,219,261	859,225	712,355	1,571,670	1,056,967	872,331	453,883	184,622	246,086	440,541	196,564	929,237	443,808	385,685	214,712	259,327	192,575	192,575,000	1,046,581	609,927	609,927	512,719	512,719,000	525,992	525,992,000	864,186	284,085	134,035	524,335	524,335	706,095	840,562	524,057	268,201	268,201	452,090	201,235	249,031	249,031	588,536	588,536	167,378
accrued and other liabilities—see note 16	23,386,000																													5,197,884
deferred revenue—see note 17	16,911,000																													7,201,604
intangible lease liabilities—net	32,562,000	31,486,000	14,780,000	16,005,000	17,368,000	15,124,000	18,857,000	13,421,000	14,353,000	10,441,000	11,203,000	11,960,000	9,346,000	9,885,000	5,995,000	5,277,000	5,543,000	5,601,000	3,036,000	22,459,000	23,396,000	24,163,000	24,910,921	26,176,171	27,207,594	26,198,248	26,059,614	26,783,537	26,697,074	27,390,350	28,415,319	29,139,535
income taxes payable	61,000	29,000	27,000	14,000																			3,597,093	1,239,167	998,519	439,086	112,896	28,970	1,465,653														201,433				110,559	146,544	1,104,153	1,044,061	1,356,638				345,393	385,573	119,860		180,998	60,100													569,750	569,750	1,236,206	101,640	422,232	1,083,131	1,083,131	3,058,049	419,748
long-term debt—net	649,532,000	616,345,000	604,163,000	605,351,000	602,216,000
total liabilities	724,304,000	696,556,000	665,100,000	659,164,000	650,020,000	568,846,000	580,342,000	517,953,000	578,842,000	532,142,000	588,302,000	582,945,000	502,625,000	481,775,000	401,368,000	370,861,000	323,680,000	302,659,000	251,535,000	344,981,000	319,062,000	315,032,000	404,449,649	405,176,344	444,828,146	417,872,781	384,459,444	380,022,896	304,558,304	344,568,399	270,147,756	273,329,904	289,422,719	281,952,170	277,210,883	272,689,583	256,897,953	260,347,584	228,272,017	244,211,912	265,180,455	265,628,187	196,425,836	174,624,453	173,636,704	147,518,056	125,362,994	118,134,247	88,826,556	106,014,323	111,456,386	85,154,758	90,708,929	70,480,232	58,384,994	62,202,797	57,469,015	57,101,360	53,915,711	60,961,959	59,569,035	59,569,035,000	60,158,850	59,276,454	59,276,454	58,371,350	58,371,350,000	58,164,716	58,164,716,000	58,541,553	56,684,806	56,999,609	56,311,309	56,311,309	55,331,756	54,019,390	51,704,432	52,417,165	52,417,165	55,161,922	49,964,236	49,871,852	49,871,852	51,407,481	51,407,481	50,776,857
commitments and contingencies—see note 20
stockholders’ equity:
preferred stock – 100,000,000 shares authorized; 0.01 par value...	47,000	47,000	47,000	47,000	47,000	47,000	47,000	47,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000
common stock – 500,000,000 shares authorized; 0.01 par value...	333,000	324,000	327,000	329,000	318,000	317,000	300,000	231,000	229,000	226,000	227,000	227,000	227,000	229,000	188,000	61,000	60,000	60,000	60,000	60,000	60,000
additional paid-in capital	396,749,000	382,494,000	386,634,000	390,003,000	368,000,000	367,828,000	334,467,000	207,882,000	169,924,000	168,435,000	168,875,000	168,103,000	167,436,000	172,471,000	97,419,000	86,347,000	81,092,000	85,414,000	86,899,000	13,676,000	13,341,000	83,183,000	33,502,507	32,888,012	32,190,616	26,689,795	26,062,021	25,450,060	24,817,328	24,326,778	23,862,170	23,228,788	22,720,123	22,735,228	22,168,687	21,114,253	20,623,683	20,511,388	20,118,710	19,411,293	18,926,384	16,991,257	15,792,935	14,713,763	13,827,191	11,289,846	10,565,383	9,550,417	8,701,019	8,509,976	8,292,677	8,129,084		6,939,023		6,367,345		5,697,554					5,164,102							5,131,246					5,217,955					5,130,574						2,630,748
retained earnings	176,442,000	184,886,000	170,829,000	182,362,000	220,272,000	232,089,000	261,373,000	268,269,000	277,654,000	281,944,000	284,789,000	291,958,000	300,066,000	316,279,000	329,317,000	332,916,000	339,828,000	343,459,000	348,681,000	331,895,000	341,645,000	339,917,000	320,690,858	324,074,094	312,626,687	326,073,199	230,284,293	229,333,766	219,231,100	213,297,897	201,936,651	202,024,986	188,194,364	177,614,274	153,562,478	152,871,541	149,414,109	136,892,311	131,144,058	123,210,563	121,868,720	120,444,002	114,985,772	112,905,901	112,914,471	112,561,115	112,111,407	108,632,716	108,081,712	106,581,305	104,901,682	103,659,378	103,579,688	103,242,643	103,295,038	103,851,644	103,366,568	102,872,167	103,534,725	107,752,717	107,491,176	107,491,176,000	107,807,321	107,775,170	107,775,170	108,009,402	108,009,402,000	108,659,813	108,659,813,000	108,639,227	108,844,497	108,920,998	109,305,516	109,305,516	109,556,103	107,726,516	108,194,023	106,595,582	106,595,582	107,012,038	96,686,473	95,155,498	95,155,498	94,553,987	94,553,987	95,650,170
accumulated other comprehensive income	1,792,000	-405,000	-584,000	1,321,000	5,246,000	12,517,000	-405,000	15,386,000	14,404,000	6,891,000	24,150,000	18,249,000	10,870,000	15,761,000	17,450,000	12,140,000	9,529,000	1,517,000				-1,910,000	-1,719,571	-1,792,237	-1,299,361	73,924	81,405	143,712	357,729	486,543	703,742	681,426	630,682	372,616	251,833	245,909	302,945	255,889				-688,971	-151,073	-73,741	221,309	73,241
total stockholders’ equity	575,363,000	567,346,000	557,253,000	574,062,000	593,883,000	612,798,000	595,782,000	491,815,000	462,241,000	457,526,000	478,071,000	478,567,000	478,629,000	504,770,000	444,404,000	431,494,000	430,539,000	430,480,000	435,147,000	344,891,000	354,373,000	350,899,000
total liabilities and stockholders’ equity	1,299,667,000	1,263,902,000	1,222,353,000	1,233,226,000	1,243,903,000	1,181,644,000	1,176,124,000	1,009,768,000	1,041,083,000	989,668,000	1,066,373,000	1,061,512,000	981,254,000	986,545,000	845,772,000	802,355,000	754,219,000	733,139,000	686,682,000	689,872,000	673,435,000	665,931,000
refundable income taxes					35,000	70,000	18,000	85,000	27,000	246,000	430,000	145,000	448,000	448,000	448,000	286,000	413,000	442,000	856,000	599,000	277,000	26,000								225,024	624,759	1,075,662	1,282,904	1,116,580	1,510,712	1,199,559	1,041,938	943,991	1,931,359	117,079	660,491	858,471		707,768	665,474	267,280												399,905					29,351									413,344										320,381	320,381	1,011,626	1,011,626
other assets—see note 12		36,207,000				36,201,000				34,953,000				34,453,000	38,536,000	28,029,000	23,127,000						12,231,426	11,526,739	10,284,943	9,703,549
accrued and other liabilities—see note 18		28,185,000				21,268,000				18,373,000				18,028,000	18,149,000	15,705,000	13,913,000					9,090,000
deferred revenue—see note 19		18,802,000				10,183,000				5,200,000				5,735,000	5,840,000	5,358,000	4,592,000					3,319,000
commitments and contingencies—see note 22
other assets—see note 11			36,136,000	37,171,000	31,467,000		30,286,000	38,846,000	37,964,000		47,323,000	41,596,000	33,134,000																	12,885,453
accrued and other liabilities—see note 17			30,919,000	23,054,000	19,996,000		26,401,000	14,713,000	14,541,000		18,660,000	18,347,000	18,814,000										9,697,498	9,627,066	8,574,703	5,687,192
deferred revenue—see note 18			13,361,000	12,512,000	8,699,000		6,171,000	5,371,000	5,290,000		6,251,000	6,890,000	6,564,000										3,684,843	5,178,851	5,634,425	5,830,720
commitments and contingencies—see note 21
mitigation credits								355,000	536,000	1,044,000	1,872,000	1,950,000	2,526,000	1,856,000	2,846,000	3,436,000	3,702,000	3,702,000	3,405,000	2,621,000	2,622,000	2,622,000	2,220,167	2,497,884	2,559,434	2,322,596
long-term debt						518,993,000	526,838,000	482,661,000	542,020,000	495,370,000	548,219,000	541,768,000	465,130,000	445,583,000	370,248,000	343,196,000	298,079,000	278,273,000	229,894,000	304,886,000	280,248,000	273,061,000	276,916,118	270,783,375	313,372,702	287,218,303	282,087,031	278,875,235	206,991,712	247,624,811	177,359,493	177,133,608	199,259,588	195,816,364	173,651,530	168,709,921	156,813,310	166,245,201	135,553,756	153,887,378	170,798,799	168,459,722	149,390,506	129,625,551	129,332,812	103,940,011	81,190,011	76,227,032	47,227,032	63,227,032	66,727,032
mitigation credit rights														725,000	19,999,000	21,018,000	21,018,000	21,018,000	21,573,000
assets held for sale—see note 23											14,504,000	1,115,000	1,115,000										29,413,951	9,974,702	4,633,801	833,167
assets held for sale—see note 24																						833,000
commercial loan and master lease investments																	21,830,000	39,095,000	38,993,000	38,884,000	38,417,000	38,320,000
assets held for sale—see note 25																		6,720,000	835,000	3,720,000	4,505,000
investment in joint ventures																			25,575,000	32,497,000	48,686,000	48,677,000	55,772,263	55,759,088	55,741,248	55,736,668
other assets—see note 13																		14,897,000	11,695,000	11,616,000	12,227,000	11,411,000
accrued and other liabilities—see note 19																		13,121,000	12,716,000	11,437,000	7,042,000
deferred revenue—see note 20																		4,505,000	3,656,000	4,036,000	3,463,000
liabilities held for sale—see note 25																			831,000	831,000	831,000
commitments and contingencies—see note 23
treasury stock																						-77,541,000	-77,540,735	-77,540,735	-77,355,328	-73,440,714	-63,441,664	-63,441,664	-36,470,196	-32,345,002	-26,484,765	-24,700,205	-22,507,760	-22,507,760	-22,434,800	-20,811,266	-18,225,862	-15,298,306	-13,350,705	-10,864,945	-9,206,024	-7,866,410	-5,239,167	-2,240,261	-1,381,566	-1,381,566	-1,381,566	-1,381,566	-1,381,566	-453,654	-453,654	-453,654	-453,654	-453,654	-453,654	-453,654
accumulated other comprehensive loss																			-523,000	-740,000	-673,000																		-225,240	-335,271							-152,827	-156,753	-192,079	-235,462	-1,237,480	-1,237,480	-1,237,480	-1,237,480	-1,129,425	-1,129,425	-1,129,425	-1,129,425	-946,773	-1,014,729	-1,046,049	-1,046,049,000	-1,095,303	-1,408,809	-1,408,809	-1,434,444	-1,434,444,000	-1,452,183	-1,452,183,000	-1,460,162	-2,569,713				-2,687,266	-1,186,345				-1,197,810	-993,028					-976,618
liabilities held for sale—see note 24																						831,000
common stock – 25,000,000 shares authorized; 1 par value, 7,310,680 shares issued and 5,915,756 shares outstanding at december 31, 2020; 6,076,813 shares issued and 4,770,454 shares outstanding at december 31, 2019																						7,250,000
property, plant, and equipment:
income properties, land, buildings, and improvements																							473,126,519	480,683,312	508,205,557	392,841,899	472,444,875	444,194,297	392,552,156	392,520,783	396,483,185	396,259,302	395,827,126	358,130,350	317,215,503	316,424,434	297,105,291	274,334,139	241,841,215	211,698,872	222,050,371	268,970,875	202,799,358	192,475,053	184,562,408	193,977,711	172,641,924	171,370,068	154,907,360	154,902,374	158,189,373	150,700,923	153,836,295			118,454,794	111,564,674			121,450,046
other furnishings and equipment																							735,049	745,482	739,011	733,165	730,878	730,878	730,878	728,817	726,380	726,380	715,595	715,042	652,479	1,083,939	1,044,994	1,032,911	1,062,472	1,060,007	1,060,007	1,044,139	1,036,648	1,018,831	1,016,497	1,008,150	994,941	978,710	964,484	955,597	920,703	920,703	912,021	906,441	932,504	1,181,995	2,048,046	2,320,766	2,666,572	3,039,120			3,262,345	3,262,345	3,262,345					3,262,345	3,257,409	3,224,292	3,207,146	3,207,146	3,207,845	3,226,949		3,081,596	3,081,596	2,910,009						2,584,467
construction in progress																							81,409	42,499	24,788	24,788	412,543	61,091	46,017	19,384	761,696	581,611	55,163	6,005,397	6,246,950	4,441,858	3,077,653	5,267,676	2,519,706	234,677	300,537	50,610	487,456	884,627	10,532			4,234	1,734,341	987,303										700,173	458,545	458,545,000
total property, plant, and equipment																							473,942,977	481,471,293	508,969,356	393,599,852	473,588,296	444,986,266	393,329,051	393,268,984	401,718,138	404,207,874	403,216,248	371,468,185	330,470,493	328,052,925	307,063,874	284,162,920	248,873,735	216,439,398	226,843,596	273,498,305	207,755,101	197,808,105	188,928,631	213,625,604	192,247,925	190,872,703	176,081,040	175,241,164	177,416,648	169,812,810	172,904,204	151,183,492		137,303,412	131,266,795	131,530,031		152,050,505			150,137,910							148,821,134		147,484,301	146,481,456	146,481,456	145,337,030		140,655,718	130,340,025	130,340,025	127,236,344	125,520,847					121,859,277
less, accumulated depreciation and amortization																							-28,269,448	-26,329,430	-23,865,921	-23,008,382	-32,696,922	-30,021,894	-26,737,672	-24,518,215	-26,467,425	-25,840,495	-23,354,026	-23,779,780	-21,552,883	-20,252,879	-18,225,958	-16,552,077	-15,016,672	-13,814,002	-13,810,409	-16,242,277	-15,452,291	-15,972,692	-15,196,389	-15,628,153	-14,865,344	-14,529,716	-13,863,734	-13,260,856	-12,758,397	-12,482,040	-12,379,354	-12,091,901	-11,745,344	-11,468,836	-11,734,101		-12,475,191		-17,443,884	-17,443,884,000		-16,539,573	-16,539,573	-16,004,916	-16,004,916,000	-15,423,312	-15,423,312,000		-14,233,330					-11,928,203					-9,762,392
property, plant, and equipment—net																							445,673,529	455,141,863	485,103,435	370,591,470	440,891,374	414,964,372	366,591,379	368,750,769	375,250,713	378,367,379	379,862,222	347,688,405	308,917,610	307,800,046	288,837,916	267,610,843	233,857,063	202,625,396	213,033,187	257,256,028	192,302,810	181,835,413
commercial loan and master lease investments—see note 4																							39,679,612
liabilities and shareholders’ equity
liabilities held for sale—see note 23																							831,320	831,320	831,320	831,320
shareholders’ equity:
common stock – 25,000,000 shares authorized; 1 par value, 6,105,732 shares issued and 4,710,808 shares outstanding at september 30, 2020; 6,076,813 shares issued and 4,770,454 shares outstanding at december 31, 2019																							6,049,253
total shareholders’ equity																							280,982,312	283,676,527	272,207,585	285,413,422	199,001,922	197,500,410	213,948,954	211,761,473	206,012,014	207,219,742	195,020,885	184,178,208	159,499,918	159,351,905	158,043,107	148,275,842	149,271,453	142,918,226	143,074,401	140,388,326	136,931,732	131,185,795	131,451,413	128,404,699	126,973,480	122,445,036	120,976,278	120,169,357	117,268,017	115,862,120	115,090,148	114,216,668	114,120,431	114,361,352	113,991,617	113,164,443	113,677,940	117,649,168			117,600,100							118,033,579					117,814,307					116,670,608
total liabilities and shareholders’ equity																							685,431,961	688,852,871	717,035,731	703,286,203	583,461,366	577,523,306	518,507,258	556,329,872	476,159,770	480,549,646	484,443,604	466,130,378	436,710,801	432,041,488	414,941,060	408,623,426	377,543,470	387,130,138	408,254,856	406,016,513	333,357,568	305,810,248	305,088,117	275,922,755	252,336,474	240,579,283	209,802,834	226,183,680	228,724,403	201,016,878	205,799,077	184,696,900	172,505,425	176,564,149	171,460,632	170,265,803		178,611,127			177,758,950							176,575,132					173,146,063					171,832,530
commercial loan investments																								18,488,912	39,658,204	34,625,173	32,419,693	7,847,431				2,994,916	11,940,459	11,925,699	11,910,611	23,960,467	23,960,467	23,960,467	23,960,467	23,960,467	38,343,673	38,331,956	38,315,150	23,960,467	30,383,234	30,208,074	27,399,082	16,951,550
common stock – 25,000,000 shares authorized; 1 par value, 6,108,185 shares issued and 4,713,261 shares outstanding at june 30, 2020; 6,076,813 shares issued and 4,770,454 shares outstanding at december 31, 2019																								6,047,393
common stock – 25,000,000 shares authorized; 1 par value, 6,105,763 shares issued and 4,716,106 shares outstanding at march 31, 2020; 6,076,813 shares issued and 4,770,454 shares outstanding at december 31, 2019																									6,044,971
investment in alpine income property trust inc.																										38,814,425
shareholders' equity:
common stock – 25,000,000 shares authorized; 1 par value, 6,076,813 shares issued and 4,770,454 shares outstanding at december 31, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at december 31, 2018																										6,017,218
assets held for sale—see note 21																											4,502,635	4,603,403
investment in joint venture																											6,850,594	6,821,449	6,797,549	6,788,034	6,738,537	6,701,017
impact fee and mitigation credits																											447,596	447,596	447,596	462,040	538,926	725,236	814,033	1,125,269	1,265,437	1,515,906	2,106,314	2,322,906	4,062,228	4,277,767	4,445,209	4,554,227	4,692,581	4,773,033	4,842,758	5,195,764	5,649,220	5,912,759	6,008,698	6,081,433
accrued and other liabilities—see note 15																											5,627,474	6,047,864			6,265,875	7,838,466
deferred revenue—see note 16																											7,457,665	7,303,410			6,954,111	6,868,665
liabilities held for sale—see note 21																											1,729,049	1,533,155
commitments and contingencies—see note 19
common stock – 25,000,000 shares authorized; 1 par value, 6,075,462 shares issued and 4,927,728 shares outstanding at september 30, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at december 31, 2018																											6,015,867
common stock – 25,000,000 shares authorized; 1 par value, 6,074,131 shares issued and 4,926,397 shares outstanding at june 30, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at december 31, 2018																												6,014,536
assets held for sale—see note 20																													59,078,667
other assets—see note 9																													13,512,025
accrued and other liabilities—see note 14																													4,268,927
deferred revenue—see note 15																													6,622,253
liabilities held for sale—see note 20																													1,641,985
commitments and contingencies—see note 18
common stock – 25,000,000 shares authorized; 1 par value, 6,072,588 shares issued and 5,386,623 shares outstanding at march 31, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at december 31, 2018																													6,012,993
liabilities held for sale—see note 22																														1,347,296
common stock – 25,000,000 shares authorized; 1 par value, 6,052,209 shares issued and 5,436,952 shares outstanding at december 31, 2018; 6,030,990 shares issued and 5,584,335 shares outstanding at december 31, 2017																														5,995,257
golf buildings, improvements, and equipment																															3,746,877	6,640,581	6,618,364	6,617,396	6,355,561	6,102,694	5,835,936	3,528,194	3,450,342	3,445,842	3,432,681	3,432,681	3,431,639	3,429,594	3,339,194	3,323,177	3,298,993	3,160,139	3,139,372	3,103,979	3,013,856	2,965,083	2,945,387	2,879,263		2,535,294	2,535,294	2,535,294		11,827,237			11,823,081							11,798,679		11,777,719	11,771,488	11,771,488	11,750,711		11,736,143	11,718,993	11,718,993	11,713,046	11,613,112	11,542,925	11,542,925	11,471,043	11,471,043	11,442,492
common stock – 25,000,000 shares authorized; 1 par value, 6,051,168 shares issued and 5,538,310 shares outstanding at september 30, 2018; 6,030,990 shares issued and 5,584,335 shares outstanding at december 31, 2017																															5,994,216
common stock – 25,000,000 shares authorized; 1 par value, 6,042,966 shares issued and 5,559,507 shares outstanding at june 30, 2018; 6,030,990 shares issued and 5,584,335 shares outstanding at december 31, 2017																																5,984,747
other assets																																	13,425,384	12,971,129	8,573,622	8,324,420	8,596,868	9,469,088	8,584,059	8,544,663	8,518,819	7,697,693	6,115,169	5,566,744	5,516,162	4,566,291	4,188,156	3,056,106	3,193,216	2,711,893	8,654,440	8,708,495	8,671,630	8,254,399	7,595,195	8,019,993	8,443,413	8,023,872	8,041,159	8,102,233	7,957,628	7,957,628,000	8,192,705	7,827,069	7,827,069	8,640,057	8,640,057,000	6,999,158	6,999,158,000	6,067,023	5,317,337	5,661,464	5,940,359	5,940,359	6,048,126	6,785,188	7,750,483	8,240,955	8,240,955	7,899,810	4,949,229	6,423,295	6,423,295	5,248,059	5,248,059	5,569,605
accrued and other liabilities																																	6,067,382	10,160,526	7,382,898	7,735,648	5,480,252	8,667,897	8,117,733	9,382,443	7,160,789	8,867,919	7,192,014	6,680,649	5,330,198
deferred revenue																																	6,836,487	2,030,459	1,313,025	1,719,866	1,599,142	1,991,666	3,031,700	5,393,195	9,051,509	14,724,610	2,240,416	1,147,277	1,926,016	2,718,543	3,449,265	1,719,929	2,338,788	3,344,351	4,199,583
intangible lease liabilities - net																																	29,863,752	29,770,441	30,026,994	30,703,143	30,635,958	30,518,051	30,919,973	30,870,405	31,476,665	31,979,559
commitments and contingencies - see note 18
common stock – 25,000,000 shares authorized; 1 par value, 6,041,695 shares issued and 5,595,040 shares outstanding at march 31, 2018; 6,030,990 shares issued and 5,584,335 shares outstanding at december 31, 2017																																	5,983,476
accrued stock-based compensation																																			69,877	45,046	28,062	42,092	52,154	48,000	75,662	135,554	106,446	263,982	317,849	560,326	428,217	373,108	347,720	247,671	346,418	258,802	414,620
common stock – 25,000,000 shares authorized; 1 par value, 6,030,990 shares issued and 5,584,335 shares outstanding at december 31, 2017; 6,021,564 shares issued and 5,710,238 shares outstanding at december 31, 2016																																		5,963,850
commercial loan investments - held for sale																																			15,000,000
common stock – 25,000,000 shares authorized; 1 par value, 6,026,610 shares issued and 5,581,235 shares outstanding at september 30, 2017; 6,021,564 shares issued and 5,710,238 shares outstanding at december 31, 2016																																			5,951,720
common stock – 25,000,000 shares authorized; 1 par value, 6,038,358 shares issued and 5,622,934 shares outstanding at june 30, 2017; 6,021,564 shares issued and 5,710,238 shares outstanding at december 31, 2016																																				5,931,468
common stock – 25,000,000 shares authorized; 1 par value, 6,035,389 shares issued and 5,667,820 shares outstanding at march 31, 2017; 6,021,564 shares issued and 5,710,238 shares outstanding at december 31, 2016																																					5,928,232
investment securities																																										5,703,767	7,867,077	6,811,429	5,410,628	821,436	864,342	857,953	800,442	729,814									476,692	4,985,138	4,821,879	4,821,879,000	4,939,625	5,145,033	5,145,033	5,030,410	5,030,410,000	5,030,873	5,030,873,000	4,966,864	5,009,653	4,948,011	5,188,024	5,188,024	5,260,868	5,173,172	6,447,664	6,590,756	6,590,756	10,193,094	9,521,974	9,248,960	9,248,960	12,286,113	12,286,113	11,780,205
commitments and contingencies - see note 20
consolidated-tomoka land co. shareholders' equity:
common stock – 25,000,000 shares authorized; 1 par value, 6,021,564 shares issued and 5,710,238 shares outstanding at december 31, 2016; 6,068,310 shares issued and 5,908,437 shares outstanding at december 31, 2015																																						5,914,560
total consolidated-tomoka land co. shareholders' equity																																						148,275,842	143,598,635	137,333,242	137,499,616	134,781,388	131,274,535
noncontrolling interest in consolidated vie																																							5,672,818	5,584,984	5,574,785	5,606,938	5,657,197
common stock – 25,000,000 shares authorized; 1 par value, 6,018,816 shares issued and 5,745,514 shares outstanding at september 30, 2016; 6,068,310 shares issued and 5,908,437 shares outstanding at december 31, 2015																																							5,911,812
assets held for sale																																								38,685,310	47,657,971		4,231,425		6,166,700		3,153,762				3,203,100			3,433,500			7,694,710	7,694,710
common stock – 25,000,000 shares authorized; 1 par value, 6,018,739 shares issued and 5,796,115 shares outstanding at june 30, 2016; 6,068,310 shares issued and 5,908,437 shares outstanding at december 31, 2015																																								5,911,602
commitments and contingencies - see note 17
common stock – 25,000,000 shares authorized; 1 par value, 6,017,673 shares issued and 5,828,938 shares outstanding at march 31, 2016; 6,068,310 shares issued and 5,908,437 shares outstanding at december 31, 2015																																									5,910,536
commitments and contingencies - see note 19
common stock – 25,000,000 shares authorized; 1 par value, 6,068,310 shares issued and 5,908,437 shares outstanding at december 31, 2015; 5,922,130 shares issued and 5,881,660 shares outstanding at december 31, 2014																																										5,901,510
intangible assets—net																																											14,740,833	10,475,708
common stock – 25,000,000 shares authorized; 1 par value, 6,056,401 shares issued and 5,945,695 shares outstanding at september 30, 2015; 5,922,130 shares issued and 5,881,660 shares outstanding at december 31, 2014																																											5,886,068
common stock – 25,000,000 shares authorized; 1 par value, 6,050,466 shares issued and 5,994,232 shares outstanding at june 30, 2015; 5,922,130 shares issued and 5,881,660 shares outstanding at december 31, 2014																																												5,880,133
property, plant, and equipment - net																																													173,732,242	197,997,451	177,382,581	176,342,987	162,217,306	161,980,308
land, timber, and development costs																																													38,290,326
intangible assets - net																																													9,618,115	7,339,417	6,697,873	6,761,390	6,190,308	6,359,438
deferred income taxes - net																																													35,510,568	34,038,442	33,989,478	32,788,904	32,428,978	32,552,068
common stock – 25,000,000 shares authorized; 1 par value, 5,946,341 shares issued and 5,905,871 shares outstanding at march 31, 2015; 5,922,130 shares issued and 5,881,660 shares outstanding at december 31, 2014																																													5,870,008
land, timber, and subsurface interests																																														15,316,566	15,312,067	15,359,552	15,335,483	15,291,911	15,241,501	15,226,101	15,210,501	15,194,901		15,131,329	15,118,781	15,109,298		15,033,929
net pension asset																																															492,806	464,427	436,049	407,670
accrued liabilities																																														5,401,509	5,483,109	5,307,060	4,322,918	4,726,809	5,499,913	5,845,323	6,662,555	6,972,343	7,671,153	6,317,931	6,844,815	7,317,676	8,213,787	7,048,652	6,814,531	6,814,531,000	7,216,039	8,870,926	8,870,926	8,603,871	8,603,871,000	7,267,711	7,267,711,000	7,385,250	7,700,854	7,408,839	7,277,623	7,277,623	7,204,749	8,752,305	8,773,701	8,678,323	8,678,323	8,684,175	8,744,896	8,275,063	8,275,063	7,979,547	7,979,547	7,749,121
common stock -25,000,000 shares authorized; 1 par value, 5,922,130 shares issued and 5,881,660 shares outstanding at december 31, 2014; 5,866,759 shares issued and 5,852,125 shares outstanding at december 31, 2013																																														5,862,063
common stock -25,000,000 shares authorized; 1 par value, 5,907,650 shares issued and -5,867,180 shares outstanding at september 30, 2014; 5,866,759 shares issued and 5,852,125 shares outstanding at december 31, 2013																																															5,831,083
common stock -25,000,000 shares authorized; 1 par value, 5,895,789 shares issued and -5,855,319 shares outstanding at june 30, 2014; 5,866,759 shares issued and 5,852,125 shares outstanding at december 31, 2013																																																5,800,222
commercial mortgage loans, held for investment																																																	5,000,000
common stock -25,000,000 shares authorized; 1 par value, 5,881,259 shares issued and -5,840,789 shares outstanding at march 31, 2014; 5,866,759 shares issued and 5,852,155 shares outstanding at december 31, 2013																																																	5,767,192
commercial mortgage loan, held for investment																																																		18,845,053	18,006,024
net pension obligation
common stock -25,000,000 shares authorized; 1 par value, 5,866,759 shares issued and 5,852,125 shares outstanding at december 31, 2013; 5,847,036 shares issued and 5,832,402 shares outstanding at december 31, 2012																																																		5,767,192
intangible assets – net																																																			6,616,419	6,127,641	6,369,095	4,527,426
assets - sum																																																			64,066,152	43,686,108	45,274,227	45,605,309	45,464,967	50,729,573	51,927,938	50,302,192	37,227,932	44,471,039	44,057,387		44,714,093			42,347,406		42,508,759		42,589,699	39,983,963				40,297,196	39,384,773	40,364,768	49,081,215		54,880,856	40,755,606	38,844,368		41,437,297		40,136,025
construction in process																																																			51,215								972,594				346,968	42,927	42,927								2,040,788	2,040,788	1,217,549	661,773	2,393,767	2,059,089	2,059,089
property, plant, and equipment – net																																																			164,658,251	157,330,770	160,524,850
liabilities
pension liability																																																			1,225,932	1,228,317	1,230,701	1,317,683	1,219,171	1,296,571	1,373,971	1,586,513	836,178	854,131	823,036	823,036,000	791,941	1,208,238	1,208,238	1,418,138	1,418,138,000	1,512,719	1,512,719,000	1,377,719	2,980,400	2,847,605	3,103,015	3,103,015	3,127,230
deferred income taxes – net																																																			31,646,987	33,210,661	33,006,809	32,357,505
commitments and contingencies
shareholders’ equity																																																											167,593,651
common stock – 25,000,000 shares authorized; 1 par value, 5,864,359 shares issued and 5,849,725 shares outstanding at september 30, 2013; 5,847,036 shares issued and 5,832,402 shares outstanding at december 31, 2012																																																			5,764,792
refundable income tax																																																				824,550	765,225	239,720										1,754,394	1,754,394						328,684
notes payable and line of credit																																																				44,427,033	49,148,158
common stock – 25,000,000 shares authorized; 1 par value, 5,864,359 shares issued and 5,849,725 shares outstanding at june 30, 2013; 5,847,036 shares issued and 5,832,402 shares outstanding at december 31, 2012																																																				5,764,792
common stock – 25,000,000 shares authorized; 1 par value, 5,850,192 shares issued and 5,835,558 shares outstanding at march 31, 2013; 5,847,036 shares issued and 5,832,402 shares outstanding at december 31, 2012																																																					5,750,625
additional paid in capital																																																					7,450,969		6,683,030		6,029,032		5,365,841	5,187,033	5,175,635	5,175,635,000		5,157,588	5,157,588	5,155,438	5,155,438,000	5,142,251	5,142,251,000		5,131,246	5,131,246	5,131,246	5,131,246		5,217,955	5,217,955	5,217,955	5,217,955		5,130,574	4,428,362	4,428,362	4,428,362	4,428,362
income properties land, buildings, and improvements																																																						132,202,887																		119,285,746	116,519,767	116,519,767			113,830,870	104,819,695	104,819,695		104,820,647	104,819,695	104,819,695	104,819,695	104,819,695
net – property, plant, and equipment																																																						139,091,591
accrued stock based compensation																																																						265,311	351,028	220,034	384,748	484,489	510,535	700,020	1,199,447	1,199,447,000	761,827	762,491	762,491	795,850	795,850,000	1,110,088	1,110,088,000	1,428,641	1,944,384	1,545,988	821,461	821,461	1,190,725	1,725,728	1,614,762	3,011,753	3,011,753	3,277,821	3,597,598	4,728,780	4,728,780	5,613,190	5,613,190	5,743,773
note payable and line of credit																																																						29,126,849
common stock – 25,000,000 shares authorized; 1 par value, 5,847,036 shares issued and 5,832,402 shares outstanding at december 31, 2012; 5,829,464 shares issued and 5,829,464 shares outstanding at december 31, 2011																																																						5,726,136
cash																																																							2,381,299	6,609,969	1,676,919	6,174	166,015	138,080	118,798	118,798,000	337,617	139,064	139,064	116,175	116,175,000	213,535	213,535,000	266,669	234,808	712,735	263,798	263,798	388,787	211,080	533,569	164,547	164,547	863,826	3,233,154	1,493,043	1,493,043	829,136	829,136	738,264
intangible assets																																																							3,880,128	3,878,070	3,474,689	3,572,096	3,980,154	4,086,746	4,062,186	4,062,186,000	4,167,478	4,272,771	4,272,771	4,378,064	4,378,064,000	4,483,357	4,483,357,000	4,588,649	4,693,942	4,799,234	4,904,527	4,904,527	5,009,819	5,115,113	5,220,405	4,621,213	4,621,213	4,717,699	4,814,186	4,910,659	4,910,659	5,007,160	5,007,160	5,103,649
property, plant and equipment:
land, timber and subsurface interests																																																							15,144,835				15,065,687		14,950,383	14,950,383,000		14,622,841	14,622,841	14,517,130	14,517,130,000	14,269,924	14,269,924,000		13,555,317	13,196,544	12,942,267	12,942,267		11,908,674	9,479,729	8,660,652	8,660,652		6,267,707	5,506,980	5,506,980	3,431,213	3,431,213
golf buildings, improvements and equipment																																																							2,535,294				2,500,000							11,859,667	11,859,667,000
income properties land, buildings and improvements																																																							120,173,169				121,636,057		119,964,168	119,964,168,000		119,935,128	119,935,128	119,844,094	119,844,094,000	119,802,871	119,802,871,000		119,461,552					116,504,886
total property, plant and equipment																																																							138,785,802				142,840,910		150,300,274	150,300,274,000		149,675,212	149,675,212	149,483,236	149,483,236,000	149,152,737	149,152,737,000		148,063,471					144,048,461						124,673,546	124,673,546	122,398,121	122,398,121
net - property, plant and equipment																																																							127,040,458				130,365,719		132,856,390	132,856,390,000		133,135,639	133,135,639	133,478,320	133,478,320,000	133,729,425	133,729,425,000		133,830,141					132,120,258
deferred income taxes																																																							31,874,836	32,176,602	32,074,964	32,060,283	32,148,019	35,046,825	34,975,259	34,975,259,000	35,093,214	35,233,233	35,233,233	33,953,210	33,953,210,000	34,274,190	34,274,190,000	34,275,368	33,477,607	33,430,299	33,169,668	33,169,668	33,316,436	34,019,605	33,697,998	32,449,382	32,449,382	32,882,399	30,127,978	29,682,124	29,682,124	29,798,816	29,798,816	29,491,587
notes payable																																																							16,726,849	20,876,849	16,226,849	15,266,714	11,811,482	16,992,904	15,564,187	15,564,187,000	15,249,248	12,591,639	12,591,639	13,087,562	13,087,562,000	13,474,016	13,474,016,000	13,210,389	10,297,476	11,632,843	10,845,457	10,845,457	8,550,315	8,579,550	6,671,682	6,926,375	6,926,375	6,807,388	6,872,781	6,936,854	6,936,854	6,999,764	6,999,764	7,061,531
common stock – 25,000,000 shares authorized; 1 par value, 5,725,442 issued and 5,831,708 shares outstanding at september 30, 2012; 5,724,147 issued and 5,829,464 outstanding at december 31, 2011																																																							5,725,442
net - property, plant, and equipment																																																								125,834,576	119,532,694			134,140,088												133,841,490	133,418,623	133,418,623			129,298,956	119,526,911	119,526,911		115,758,455	115,431,647	115,431,647	113,681,176	113,681,176
common stock																																																								5,725,442	5,725,442		5,724,147	5,724,147	5,723,980	5,723,980,000		5,723,980	5,723,980	5,723,980	5,723,980,000	5,723,587	5,723,587,000		5,723,268	5,723,268	5,723,268	5,723,268		5,727,515	5,727,515	5,727,515	5,727,515		5,725,806	5,715,885	5,715,885	5,715,885	5,715,885
property, plant, and equipment
income properties: land, buildings, and improvements																																																										111,564,673					119,935,128							119,800,091					116,517,534					104,819,695						104,819,695
less accumulated depreciation and amortization																																																										-11,566,420					-17,093,053							-14,835,701					-12,488,163					-10,284,670						-8,221,138
net property, plant, and equipment																																																										119,963,611					133,044,857							133,985,433					132,848,687					116,951,674						113,638,139
preferred stock—50,000 shares authorized; 100 par value; none issued
common stock—25,000,000 shares authorized; 1 par value; 5,724,147 and 5,723,980 shares issued at december 31, 2011 and 2010, respectively, and 5,829,464 and 5,729,680 outstanding at december 31, 2011 and 2010, respectively																																																										5,724,147
total liabilities and
less, accumulated depreciation, and amortization																																																												-17,910,417
golf buildings, improvements & equipment																																																													11,825,058	11,825,058,000		11,811,971	11,811,971			11,817,597	11,817,597,000		11,789,193					11,746,179
other furninshings and equipment																																																													3,102,120	3,102,120,000
shareholders' equity																																																													176,913,777	176,913,777,000		176,524,383	176,524,383	175,825,726	175,825,726,000	176,238,184	176,238,184,000		173,814,104					171,505,031	169,663,724				156,514,061	154,276,015	154,276,015	155,118,473	155,118,473
total shareholders' equity																																																													117,344,742	117,344,742,000		117,247,929	117,247,929	117,454,376	117,454,376,000	118,073,468	118,073,468,000		117,129,298	117,201,851	117,492,857	117,492,857		117,485,641	117,959,292	116,190,961	116,190,961		106,549,825	104,404,163	104,404,163	103,710,992	103,710,992	102,997,307
land, agriculture and subsurface interests																																																															14,770,388							13,960,019					12,643,391					7,793,594						3,012,623
preferred stock—50,000 shares authorized, 100 par value; none issued
common stock—25,000,000 shares authorized; 1 par value; 5,723,980 and 5,723,268 shares issued and outstanding at december 31, 2010 and 2009, respectively																																																															5,723,980
other building, equipment and land improvements																																																																		3,262,345	3,262,345,000	3,262,345	3,262,345,000
notes receivable																																																																							2,158,317	4,003,693	4,153,693	4,153,693	4,153,693	4,203,693	4,203,693	4,703,693	4,703,693	5,164,421	700,000	700,000	700,000	700,000	700,000	700,000
common stock—25,000,000 shares authorized; 1 par value; 5,723,268 and 5,727,515 shares issued and outstanding at december 31, 2009 and 2008, respectively																																																																						5,723,268
total liabilities and shareholders' equity																																																																								174,201,460	173,804,166	173,804,166				168,608,126	168,608,126							153,774,164
common stock—25,000,000 shares authorized; 1 par value; 5,727,515 and 5,725,806 shares issued and outstanding at december 31, 2008 and 2007, respectively																																																																											5,727,515
other building, equipment, and land improvements																																																																													3,215,209				2,819,381	2,803,946	2,803,946	2,676,170	2,676,170
deferred profit																																																																																				427,628	427,628	563,467
common stock—25,000,000 shares authorized; 1 par value; 5,725,806 and 5,693,007 shares issued and outstanding at december 31, 2007 and 2006, respectively																																																																																5,725,806
preferred stock - 50,000 shares authorized, 100 par value; none issued
common stock - 25,000,000 shares authorized; 1 par value; 5,693,007 and 5,667,796 shares issued and outstanding at december 31, 2006 and 2005, respectively																																																																																						5,693,007

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-05-09	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-05-04	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-05-08	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-05-08	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-05-01	2007-03-31

cash flow from operating activities:
net income attributable to the company	6,205,000	28,335,000	2,914,000	-23,418,000	2,261,000	-15,217,000	6,227,000	1,183,000	5,842,000	7,037,000	2,686,000	1,800,000	-5,993,000	-3,079,000	4,817,000	1,218,000	202,000	1,932,000
adjustments to reconcile net income attributable to the company to net cash from operating activities:
depreciation and amortization	15,956,000	15,428,000	14,929,000	15,294,000	14,364,000	29,348,000	13,221,000	11,549,000	10,931,000	11,359,000	11,669,000	10,829,000	10,316,000	8,454,000	7,305,000	6,727,000	6,369,000	5,153,000	5,567,000	5,031,000	4,830,000	4,727,285	4,762,057	5,021,187	4,552,471	4,089,568	4,286,836	4,074,587	3,346,287	4,522,945	3,857,240	3,854,938	3,900,379	3,524,525	3,161,169	3,215,690	2,762,575	2,377,031	1,945,460	1,805,559	2,067,367	1,568,277	1,417,129	1,071,752	1,155,739	985,477	886,619	846,381	772,008	763,241	750,003	683,297	778,046	354,828	630,429	801,117	537,808	571,956	647,099	635,043	658,268	658,268	661,367	686,232	686,897	692,903	692,903	707,664	695,812	685,270	682,887	682,887	688,594	676,733	664,831	624,930	624,930	618,767	616,964	621,457	609,793	609,793
amortization of intangible assets and liabilities to income property revenue	-910,000	-110,000	-180,000	-267,000	-449,000
amortization of deferred financing costs to interest expense	341,000	340,000	301,000	311,000	328,000	289,000	245,000	257,000	256,000	246,000	242,000	241,000	241,000	240,000	178,000	172,000	165,000	142,000	120,000	159,000	165,000
amortization of discount on convertible debt		0	0	6,000	39,000	40,000	39,000	40,000	40,000	40,000	40,000	40,000	39,000	40,000	40,000	40,000	69,000	327,000	322,000	319,000	310,000	311,801	306,845	256,367	503,987	347,500	342,000	336,587	331,260	326,017	320,857	315,780	310,782	305,863	301,023	296,258	291,570	286,956	282,414	277,944	273,545	269,216	264,955	292,739	25,458
provision for impairment and adjustment to cecl reserve	-321,000
accretion of commercial loans and investments origination fees	-297,000	-269,000	-146,000	-154,000	-164,000	-147,000	-52,000	-44,000	-33,000	-32,000	-39,000	-38,000	-28,000	-24,000	-71,000
non-cash imputed interest	-5,000	-5,000	-4,000	-5,000	-5,000	-7,000	-7,000	-8,000	-7,000	-7,000	-7,000			-7,000	-12,000	-14,000	-93,000	-108,000	-116,000	-111,000	-103,000
deferred income taxes		118,000	45,000	22,000	-27,000	-448,000	128,000	43,000	-181,000	354,000	60,000	80,000	27,000	-2,469,000	45,000	-31,000	-558,000	698,000	258,000	-3,816,000	-178,000	-79,775,566	-7,402,636	3,118,751	-6,472,549	31,513,073	-46,436	2,651,394	981,616	4,244,495	-273,387	4,688,802	3,930,060	-21,044,099	1,047,772	2,008,313	9,034,033	3,010,159	6,540,212	-163,753	2,272,246	3,953,996	443,279	190,222	39,522	292,297	1,198,110	310,497	-123,090	905,081	-1,563,674	203,852	649,304	482,669	-301,766	101,638	14,681	-87,736	-2,898,806	71,566	-117,955	-117,955	-140,019	1,280,023	-320,980	-1,178	-1,178	797,761	47,308				-703,169	321,607				2,754,421	445,854	-116,692	307,229	307,229
unrealized loss on investment securities	-2,136,000	-5,868,000	1,031,000	4,633,000	165,000	3,331,000	-6,244,000	-663,000	4,657,000	-1,761,000	-429,000	1,174,000	4,918,000	-6,405,000	3,754,000	1,891,000	2,457,000	-3,446,000	1,326,000	-3,386,000	-4,834,000		1,448,147	-8,056,593	13,706,407
non-cash compensation	1,406,000	936,000	936,000	1,003,000	1,283,000	750,000	750,000	750,000	1,387,000	871,000	868,000	862,000	1,072,000	809,000	812,000	705,000	906,000	734,000	734,000	742,000	958,000	650,722	616,355	940,959	577,964	629,125	613,291	634,275	811,601	400,816	386,109	430,054	467,271	295,133	398,926	389,585	353,579	285,294	401,968	418,639	2,072,982	835,851				249,969	419,837	311,026	291,092	48,911	251,210	156,910	444,416	177,031	446,679	173,600	250,025
decrease in assets:
refundable income taxes		0	0	35,000	35,000	-53,000	68,000	-58,000	219,000	184,000	-284,000			0	-162,000	128,000	29,000	414,000	-257,000	-321,000	-252,000					0	0	0	225,024	399,735	450,903	207,242	-166,324	394,132	-311,153	-157,621	-97,947	987,368	-1,814,280	543,412	197,980	-858,471	707,768	-42,294	-398,194					0	723,518	-59,325	-424,473	-239,720	0	0	399,905	-399,905	0	0	29,351	29,351	1,725,043
other assets	-2,149,000	-5,295,000	-649,000	-986,000	-722,000	-62,000	-1,174,000	-923,000	-1,888,000	-825,000	831,000	-2,875,000	-1,748,000	2,828,000	-5,093,000	-2,457,000	-345,000	-2,246,000	-309,000	-779,000	143,000	1,012,578	-991,388	-1,241,796	-581,394	-638,061	-1,782,817	-456,294	-626,572	1,616,829	-877,514	-550,001	-711,750	-4,397,507	-249,202	272,448	872,220	-885,029	-564,917	-194,707	-2,483,995	-1,682,941	-646,832	-145,081	-1,022,408	-460,503	-1,196,464	82,335	-536,098	-425,555	61,114	-89,690	-458,094	-697,481	350,409	177,694	-419,541	17,287	61,074	-144,605	235,077	235,077	-365,636	379,982	47,547	127,325	127,325	-749,686	344,127	278,895	107,767	107,767	737,062	965,295				-2,912,919			321,548	321,548
increase in liabilities:
accounts payable	143,000	-140,000	-380,000	488,000	-1,539,000	1,206,000	290,000	-854,000	-120,000	-1,210,000	-13,000	1,211,000	226,000	1,406,000	-190,000	-226,000	876,000	-1,454,000	797,000	595,000	-308,000	-660,183	946,764	-480,116	-146,465	-1,238,357	1,919,119	-285,386	-46,184	405,104	-900,969	316,062	-450,864	572,703	-51,247	-630,620	471,575	-243,054	-463,971	-2,158,058	2,448,771	549,606	-6,687	172,237	360,036	146,870	-859,314	514,702	184,636	418,448	269,261	-61,464	-194,455	243,976	-279,019	31,775	58,123	170,973	-44,615	66,752	-854,006	-854,006	436,654	97,208	-13,273	-338,194	-338,194	580,101					-134,467	316,505				250,855	-47,796	-339,505	421,158	421,158
accrued and other liabilities	-2,409,000	-2,622,000	7,093,000	741,000	-3,774,000	1,536,000	5,044,000	980,000	-1,249,000	-5,689,000	925,000	3,954,000	-1,787,000	-668,000	2,616,000	1,367,000	548,000	1,880,000	844,000	4,181,000	-1,225,000	-608,306	70,432	1,052,363	2,887,511	59,718	-420,390	1,778,937	-928,957	-162,760	-1,572,591	1,471,084	-4,093,144	2,777,628	-352,750	2,255,396	-3,887,645	720,694	-1,264,710	2,221,654	-1,707,130	2,313,417	446,309	1,316,262	-702,480
deferred revenue	-1,253,000	-3,909,000	850,000	3,813,000	-1,484,000	4,012,000	800,000	81,000	90,000	-1,051,000	-639,000	326,000	829,000	-105,000	483,000	765,000	87,000	849,000	-380,000	574,000	143,000	-2,485,386	626,255	-455,574	-196,295	-795,625	154,255	681,157	-579,351	476,256	85,446	32,178	483,305	717,434	-406,841	120,724	-392,524	-1,040,034	-2,361,495	-3,658,314	-5,673,101	12,484,194	1,093,139	-778,739	-792,527	-730,722	1,729,336	-618,859	-1,005,563	-855,232
income taxes payable	33,000	2,000	13,000																			-3,597,007	2,357,926	240,648	559,433	326,190	83,926	-1,436,683	1,465,653																	-110,559	-35,985	-957,609	60,092	-312,577					-40,180	265,713	119,860		120,898									0					1,134,566					2,638,301
net cash from operating activities	14,604,000	6,862,000	25,501,000	21,926,000	10,311,000	23,517,000	21,193,000	12,883,000	11,757,000	6,476,000	14,924,000	15,694,000	9,327,000	22,017,000	11,667,000	10,985,000	11,428,000	15,212,000	-5,925,000	11,952,000	6,338,000	5,030,101	2,214,769	6,105,959	3,579,171	-331,075	3,397,498	9,129,895	4,213,774	26,035,936	8,357,017	3,662,812	10,599,695	8,468,345	3,782,299	15,831,655	29,463,497	18,503,076	-1,987,286	-1,032,948	-1,194,397	20,243,623	2,581,964	2,705,505	-340,910	1,376,026			-125,124	2,506,424	6,513,603	477,250	1,390,527	-59,303	1,640,582	1,289,379	633,005	-3,902,927	1,309,979	718,246	-321,055	-321,055	-2,141,931	935,326	678,827	133,979	133,979	-1,880,015					2,183,122	921,202				9,627,365	4,065,440	742,088	2,619,502	2,619,502
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0					0	0				0	0	0	0	0
free cash flows	14,604,000	6,862,000	25,501,000	21,926,000	10,311,000	23,517,000	21,193,000	12,883,000	11,757,000	6,476,000	14,924,000	15,694,000	9,327,000	22,017,000	11,667,000	10,985,000	11,428,000	15,212,000	-5,925,000	11,952,000	6,338,000	5,030,101	2,214,769	6,105,959	3,579,171	-331,075	3,397,498	9,129,895	4,213,774	26,035,936	8,357,017	3,662,812	10,599,695	8,468,345	3,782,299	15,831,655	29,463,497	18,503,076	-1,987,286	-1,032,948	-1,194,397	20,243,623	2,581,964	2,705,505	-340,910	1,376,026			-125,124	2,506,424	6,513,603	477,250	1,390,527	-59,303	1,640,582	1,289,379	633,005	-3,902,927	1,309,979	718,246	-321,055	-321,055	-2,141,931	935,326	678,827	133,979	133,979	-1,880,015					2,183,122	921,202				9,627,365	4,065,440	742,088	2,619,502	2,619,502
cash flow from investing activities:
acquisition of real estate and intangible lease assets and liabilities	-81,753,000	-65,040,000	0	0	-80,022,000	-16,649,000				-2,361,000	-11,014,000	-81,776,000	-7,798,000	-201,083,000	-83,222,000	-5,757,000	-23,864,000	-140,601,000	-1,759,000
investments in and improvements to real estate	-3,615,000	-7,967,000	-6,136,000	-208,000	-854,000	-8,263,000
acquisition of commercial loans and investments	-5,292,000	-1,553,000	-6,381,000	-4,974,000	-1,431,000	-3,724,000	-53,176,000	-455,000	-6,575,000	-15,392,000	-50,000	-1,366,000	-16,061,000	-3,239,000	-3,254,000
principal payments received on commercial loans and investments	30,000,000	9,204,000	400,000	4,000,000	1,638,000	1,818,000	0	16,660,000	1,857,000	0	0	586,000	400,000	17,549,000	26,897,000
cash paid from commercial loan reserves	-2,057,000
acquisition of investment securities	-8,675,000	-251,000	-1,557,000			0	-193,000					-612,000	-2,100,000	-486,000	-456,000	-1,709,000	-88,000																									-726,450	-3,109,334	-1,878,608	-5,048,646													0	-561,634	-703,968	-607,995	-607,995	-2,312,472	-1,774,801	-595,154	-1,147,285	-1,147,285	-2,675,615
proceeds from the sale of investment securities	2,717,000	1,733,000	119,000			0	0	0	1,655,000
net cash from investing activities	-68,675,000	23,803,000	-6,856,000	-7,780,000	-80,669,000	-26,818,000	-174,591,000	11,229,000	-51,974,000	45,712,000	8,151,000	-80,865,000	-25,559,000	-187,259,000	-26,012,000	-54,342,000	-16,000	-95,228,000	72,731,000	-46,048,000	-34,422,000	34,525,751	-37,698,057	56,806,614	-144,756,308	130,411,246	-55,652,521	4,533,777	23,806,433	-80,953,054	819,576	21,218,840	-18,981,112	-29,418,753	-8,307,499	-21,909,129	-19,584,654	-47,983,353	-15,408,651	37,566,042	2,407,301	-36,750,676	-46,737,172	4,685,556	-5,393,950	-24,869,566	-16,461,085	-27,521,397	13,179,176	5,283,128	-29,418,702	3,868,971	-21,438,948	-13,280,897	-1,265,598	-891,819	75,516	402,336	3,899,378	-2,072,910	-155,463	-155,463	-259,885	-359,275	-330,036	-395,612	-395,612	-714,874					-1,403,429			1,375,227	1,375,227
cash flow from financing activities:
proceeds from long-term debt	92,000,000	78,000,000	170,000,000	64,000,000	93,000,000	48,000,000	247,000,000	15,000,000	56,000,000	16,000,000	17,350,000	76,500,000	39,000,000	162,000,000	163,500,000	51,000,000	4,000,000	158,000,000	9,000,000	63,500,000	84,000,000	3,999,000	6,000,000	0	56,641,000	19,000,000	26,000,000	93,500,000	3,000,000	70,000,000	0	3,300,000	33,000,000	39,000,000	5,000,000	13,500,000	6,000,000	37,300,000	4,000,000	25,000,000	3,750,000	41,800,000	19,500,000	0	76,375,000	22,750,000	38,025,000	29,000,000	2,000,000	2,500,000
payments on long-term debt	-59,000,000	-66,000,000	-170,000,000	-46,272,000	-10,000,000	-56,000,000	-202,000,000	-74,500,000	-9,500,000	-69,000,000	-11,000,000	0	-19,600,000	-86,750,000	-136,000,000	-6,000,000	-5,000,000	-112,211,000	-84,345,000	-9,780,000	-77,183,000	-8,179,497	-174,003	-42,326,231	-21,589,269	-14,171,911	-23,164,167	-21,667,047	-44,070,200	-166,481	-162,989	-25,767,714	-29,899,770	-17,300,000	0	-2,000,000	-15,800,000	-7,000,000	0			-23,000,000	0	0	-47,540,011	0	-33,062,021	0	-18,000,000	-6,000,000
cash paid for loan fees		-21,000	-1,431,000	-38,000	-45,000	-104,000	-976,000	-10,000	-3,000	-48,000	-92,000	-10,000	-30,000	-114,000	-2,462,000	0	-148,000	-680,000	-7,000	-27,000	-873,000	-103,989	-114,654	-88,722	-1,879,635	-164,546	-76,701			0	-35,000	-110,790	-117,683	0	-484,719	-11,346	-36,749	-8,138	-4,191	-264,208	-124,049
cash proceeds from common stock issuance	381,000	68,000	90,000
cash paid for vesting of restricted stock	-1,249,000	0	0	0	-1,034,000	0	0	0	-1,274,000	0	0	0	-1,028,000	0	0	0	-845,000	16,000	-16,000	0	-436,000	36,081	0	0	-538,081	-1	1	0	-303,315	0	0	0	-498,374	-132,633	0	0	-261,621	2,507	0	0	-198,713
proceeds from (cash paid for) issuance of common and preferred stock	14,127,000	-49,000	0	0	-75,000	32,628,000	125,904,000
dividends paid - preferred stock	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,878,000	-1,871,000	-1,187,000	-1,187,000	-1,195,000	-1,195,000	-1,195,000	-1,195,000	-1,195,000	-1,196,000	-1,195,000	-1,196,000
dividends paid - common stock	-12,560,000	-12,226,000	-12,390,000	-12,422,000	-12,008,000	-11,941,000	-11,030,000	-8,708,000	-8,601,000	-8,522,000	-8,544,000	-8,542,000	-8,658,000	-8,604,000	-7,095,000	-6,780,000	-6,417,000	-5,880,000
net cash from financing activities	31,821,000	-7,116,000	-19,917,000	-10,668,000	68,361,000	10,794,000	157,109,000	-32,772,000	37,215,000	-64,002,000	-3,509,000	66,626,000	3,650,000	139,612,000	26,843,000	41,848,000	-6,926,000	35,814,000	-9,874,000	47,415,000	-441,000	-14,508,882	3,849,611	-44,004,618	27,775,889	-5,968,541	2,223,638	43,974,169	-46,033,605	63,602,950	-2,110,314	-25,023,353	2,187,588	21,565,273	3,316,375	8,802,979	-13,230,541	28,218,353	1,695,187	-19,162,054	2,097,615	16,348,686	16,699,832	-795,424	28,932,448	23,155,479	5,644,078	29,424,886	-16,927,912	-3,600,464	22,394,521	-4,521,849	20,176,312	12,260,640	-4,603,654	4,535,490	962,224	3,340,750	-5,181,422	1,373,946	257,699	257,699	2,600,369	-553,162	-446,151	208,499	208,499	2,626,750	-1,621,530	211,181	1,619,761	1,619,761	-601,986
net increase in cash, cash equivalents and restricted cash	-22,250,000	23,549,000									19,566,000	1,455,000	-12,582,000		12,498,000	-1,509,000	4,486,000
cash, cash equivalents and restricted cash, beginning of period	41,119,000	0	0	0	17,361,000	0	0	0	17,819,000	0	0	0	21,194,000	0	0	0	31,349,000
cash, cash equivalents and restricted cash, end of period	18,869,000	23,549,000	-1,272,000	3,478,000	15,364,000	7,493,000	3,711,000	-8,660,000	14,817,000	-11,814,000	19,566,000	1,455,000	8,612,000	-25,630,000	12,498,000	-1,509,000	35,835,000
reconciliation of cash to the consolidated balance sheets:
cash and cash equivalents	8,282,000	-2,814,000	730,000	123,000	8,428,000	845,000	3,378,000	-1,966,000	6,760,000	3,199,000	-297,000	289,000	7,023,000	9,801,000	2,395,000	-2,313,000	9,450,000	1,610,000	2,304,000	10,000	4,691,000
restricted cash	10,587,000	26,363,000	-2,002,000	3,355,000	6,936,000	6,648,000	333,000	-6,694,000	8,057,000	-15,013,000	19,863,000	1,166,000	1,589,000	-35,431,000	10,103,000	804,000	26,385,000	-45,812,000	54,628,000	13,309,000	609,000
total cash	18,869,000	23,549,000	-1,272,000	3,478,000	15,364,000	7,493,000	3,711,000	-8,660,000	14,817,000	-11,814,000	19,566,000	1,455,000	8,612,000	-25,630,000	12,498,000	-1,509,000	35,835,000	-44,202,000	56,932,000	13,319,000	5,300,000
gain on disposition of real estate and intangible lease assets and liabilities		-20,079,000				0	855,000	0	-4,618,000	-3,978,000								-210,000	-22,666,000
gain on disposition of subsurface interests						0	0	0	-4,545,000
loss on extinguishment of debt		0	53,000															2,790,000	0
provision for impairment		0				23,000	538,000	67,000	48,000	148,000	929,000	0	479,000
extinguishment of contingent obligation										-515,000	0
land and development costs						0	-1,000	57,000	-54,000	-33,000	-16,000	1,000	2,000	0	1,000	8,000	-2,000	6,010,000	-18,000	390,000	9,000	-24,894	-48,661	-346,560	-72,885	-3,351,097	-696,981	2,921,481	19,151	2,386,920	5,780,832	-2,492,358	-198,173	1,272,638	-536,575	4,230,183	7,511,335	6,505,714	-1,498,790	-2,151,029	-2,433,875	-3,158,058	-406,517	-221,545	-219,062	-341,860	2,596,229	-1,374,548	-316,656	2,751,269	17,648	699,215	-4,799	-4,238	2,847	11,562	-32,772	-3,262,012	-11,482	-61,946	-49,579	-49,579	-2,796,904	-67,713	-89,310	-140,802	-140,802	-2,300,955					-1,537,166			405,385	405,385			-1,194	622,064	622,064
mitigation credits and mitigation credit rights						0	354,000	182,000	508,000	828,000	78,000	576,000	55,000	8,551,000	1,610,000			257,000
proceeds from disposition of property, plant, and equipment		77,576,000							19,527,000																					0	0	15,300,000	11,077,525					-83,668	30,425,404			8,267,121	9,040,137	6,179,447	6,500						0	3,262,889	3,935,547			432,605	85,000			33,650	91,300	91,300
proceeds from disposition of subsurface interests						0	0	0	4,974,000
cash received for commercial loan reserves
proceeds from issuance of preferred stock, net of underwriting discount and expenses						0	0											-9,000
cash used to purchase common stock		-5,010,000							-664,000				-5,009,000	0	-1,645,000							21	0	-185,407	-3,914,614	-9,999,050	0	-26,971,468	-4,125,194	-5,860,237	-1,784,560			-72,960	-1,623,534	-2,585,404	-2,927,556	-1,947,601	-2,485,760	-1,658,921	-1,339,614	-2,627,243	-2,998,906				0	0	-927,912
cash paid for premium related to settlement of 2025 notes		0	0
cash used to purchase common and preferred stock						0	0			-1,267,000	-87,000
net decrease in cash, cash equivalents and restricted cash				3,478,000	-1,997,000			-8,660,000	-3,002,000
cash received for the exercise of stock options and common stock issuance					401,000
amortization of intangible liabilities to income property revenue						-1,084,000	112,000	244,000	474,000	510,000	487,000	627,000	679,000	676,000	507,000	497,000	481,000	416,000	-86,000	-338,000	-396,000	-402,073	-433,436	-444,468	-474,023	-572,415	-606,559	-623,245	-580,655	-559,500	-599,686	-599,686	-579,659	-561,076	-551,619	-549,716	-531,546	-517,843	-559,385	-555,801	-606,979
gain on disposition of commercial loans and investments
loss on disposition of mitigation bank
cash received exercise of stock options and common stock issuance						89,000	89,000	89,000	380,000	67,000	67,000
proceeds from disposition of property, plant, and equipment, net and assets held for sale							17,630,000
acquisition of real estate and intangible lease assets and liabilities, including capitalized expenditures								-4,722,000	-73,412,000
proceeds from (cash paid for) issuance of common stock									2,064,000	-45,000	-8,000	-51,000	-71,000	73,783,000	12,089,000
assets held for sale																		834,000			-1,000				-204
liabilities held for sale
restricted cash balance received in acquisition of interest in joint venture																		1,000
cash received from joint ventures
proceeds from disposition of property, plant, and equipment, net, and assets held for sale										62,647,000	19,386,000			0	34,023,000	0	6,754,000	21,012,000	74,188,000	29,559,000	4,702,000	35,975,482	11,845,134			127,230,253	2,659,643	53,657,851	24,004,060
acquisition of investment securities, net of proceeds from sales
loss on disposition of real estate and intangible lease assets and liabilities
loss on disposition of commercial loans and investments
adjustments to reconcile net income (loss) attributable to the company to net cash from operating activities:
cash received (paid for) exercise of stock options and common stock issuance													241,000
gain on disposition of assets held for sale																						-659,535	1,869,965					-11,811,907	-6,869,957
impairment charges																		1,072,000	0			7,242,500	0	0	1,904,500					0								0	0	1,970,822	209,908	0	0	0	510,041						0
acquisition of mitigation credits																						-640,125	-1,480,875
cash received (contribution to) joint ventures
gain on disposition of assets
cash contribution to joint ventures
cash paid for exercise of stock options and common stock issuance
loss on disposition of assets																0	66,000
proceeds from (cash paid for) exercise of stock options and common stock issuance
loss on disposition of commercial loan and master lease investments																	179,000					41
accretion of commercial loan and master lease investment origination fees																	-8,000	-1,000	0
principal payments received on commercial loan and master lease investments																	17,182,000					1,983,779
payments for exercise of stock options and common stock issuance																	-110,000	-16,000
proceeds from issuance of common stock																	2,789,000
gain on sale of equity interests in joint ventures
acquisition of commercial loan investments and master lease investments																		0	0
cash received from (contribution to) joint ventures
proceeds from sale of equity interests in joint ventures
cash paid for equity issuance costs																		0	231,000	-412,000	-16,000
net increase in cash and cash equivalents
cash and cash equivalents, beginning of period																		0	0	0	33,825,000
cash and cash equivalents, end of period																		-44,202,000	56,932,000	13,319,000	5,300,000
cash contribution to interest in joint venture																			-293,000	-337,000	-9,000
net decrease in cash and cash equivalents																			56,932,000	13,319,000	-28,525,000
net income																				-3,724,000	7,785,000	79,681,839	-1,521,504	12,610,524	-12,261,859	96,421,939	1,486,022	10,596,798	6,468,099	11,796,411	296,172	14,162,908	10,912,299	24,327,224	966,900	3,678,908	12,746,392	5,080,203	8,146,004	1,580,642	1,392,565	5,639,063	2,072,281	224,617	353,356	681,812	3,478,691	722,908	1,500,407	1,852,128	1,242,304	251,770	337,045	61,821	-556,606	599,586	494,401			318,782	-258,905	-258,905	89,391	-176,993	-593,171	77,819	77,819	80,893	209,662	187,809	322,206	322,206	2,402,338	105,246	2,171,192	156,124	156,124	10,898,146	2,102,564
adjustments to reconcile net income to net cash from operating activities:
impact fees and mitigation credits																										-1,875,000	0	0	14,444	76,886	186,310	88,797	311,236	140,168	250,469	590,408	216,592	1,739,322	215,539	167,442	109,018	138,354	80,452	69,725	353,006	453,456	263,539	95,939	72,735
cash proceeds from payments for stock options and stock issuance
dividends paid																				-5,866,000	-5,929,000	-10,260,498	-1,861,732	-1,163,117	-1,184,653	-633,033	-535,495	-494,132	-534,896	-435,165	-384,507	-332,286	-332,209	-275,428	-275,963	-221,476	-224,594	-225,978	-227,519			-231,092	0			-232,104	0			-172,505	0			-114,216	0			-114,482	0	-57,241	-57,240	-57,240	-57,240	-57,239	-57,240	-57,233	-57,233	-286,163					-572,751
gain on disposition of property, plant, and equipment and intangible assets																					-708,000	-1,720,912	-2,159,701			-1,108,269						-18,384,808	-3,650,858	-304				83,668	-11,479,490			-1,735,115								-685,079	0	-503,037	-54,179
gain on extinguishment of debt																						481	0	-504,544	-636,937
accretion of commercial loan origination fees																								-69,324	-87,590	-67,348	-60,001				-5,084	-14,924	-14,760	-15,088				0	0	-149,858	-15,035	-15,200
acquisition of property, plant, and equipment																					-39,115,000																		-2,292,271	-132,923	-289,079		-20,775,547	-8,879,453	-81,375	-21,377,680	-5,183,597	-14,791,662	-839,876	-1,077,519	-11,032,161	-48,479	-25,709,940			-6,918,142	-9,484			-1,813,231	-364,509	-364,509	-465,293	-244,652	-330,499	-331,603	-331,603	-757,663					-1,313,523
cash payments for exercise of stock options and stock issuance																					-4,000
loan cost amortization																						116,139	114,555	73,803	149,503	120,230	110,664	107,167	105,841	105,782	103,017	136,744	149,895	158,971	125,305	111,699	113,288	112,627	488,155	124,842	102,451	100,417	98,407	94,499	72,537	82,368	64,414	54,775	54,775	54,583	54,229
gain on sale of equity interest in joint ventures
discount accretion on commercial loan and master lease investments
accretion of commercial loan and master lease investments origination fees																						2,530
non-cash imputed interest on commercial loan and master lease investments																						-137,688
unrealized gain on investment securities																																																	43,383
decrease (increase) in assets:
mitigation credits																						239,696	1,758,592	1,561,550	-236,838
acquisition of property, plant, and equipment and intangible lease assets and liabilities																						-2,392,257	-26,964,239	-457,151	-137,997,353	-75,390,849	-33,865,519	-41,260,174	-188,112	-79,995,372	-490,699	-991,626	-27,916,784	-44,937,818	-3,067,684	-23,064,515	-23,557,356
acquisition of commercial loan and master lease investments																						-395,723
acquisition of land																														-908,185	-1,652,205	0	-2,141,853									0
cash contribution for interest in joint venture																						-5,405	-13,175	-17,840	-4,580	-21,412	-29,145	-23,900	-9,515	-49,497	-37,520
cash proceeds from exercise of stock options and stock issuance																									241,141					64,833	256,742	79,882	35,624	346,294

total cash as of december 31, 2020, 2019 and 2018, respectively
golf assets held for sale																											100,768	77,288	-218,215
golf liabilities held for sale																											195,894	-108,830	294,689
net decrease in cash																									-113,401,248							-141,701	-6,193,829														-1,710,229												27,935	19,282	-218,819	-218,819		22,889	-97,360	-53,134	-53,134
cash, beginning of period
cash, end of period																							-31,633,677	18,907,955	21,503,438	123,279,664	-50,031,385	57,637,841	4,018,566	8,233,675	7,066,279	-141,701	6,873,711	614,865	-1,208,825	2,725,505	4,427,864	-1,261,924	-15,700,750	17,371,040	7,371,196	-158,367	-27,455,376	6,595,637	25,078,783		-1,710,229	2,870,833	1,058,652		-510,578	-175,628	1,429,630		-4,228,670	4,933,050	1,676,919	-159,841	27,935	19,282	118,798	118,798		22,889	-97,360	213,535	213,535		-477,927	448,937	263,798	263,798		-322,489	369,022	164,547	164,547		1,740,111	663,907	829,136	829,136
loss on disposal of commercial loan investment
non-cash imputed interest on commercial loan investment																								-95,564	-95,566	-99,182
acquisition of commercial loan investments																								0	-6,754,375	-2,038,950	-24,417,500							0								-5,000	-14,353,750			-2,798,822	-10,440,588
proceeds from disposition of commercial loan investments
net increase in cash																										124,111,630	-50,031,385	57,637,841	-18,013,398	8,685,832				614,865	-1,208,825	2,725,505	-3,351,698	-1,261,924	-15,700,750	17,371,040	3,310,519	-158,367	-27,455,376	6,595,637	23,197,588				-3,873,860	4,189,088	-510,578	-175,628	127,891	-1,079,560	-4,228,670	4,933,050	1,670,745																177,707					-2,369,328	1,740,111	663,907	90,872	90,872
cash, beginning of year																								0	134,904,686	-831,966	0	0	22,031,964	-452,157	0	0	13,067,540	0	0	0	7,779,562	0	0	0	4,060,677	0	0	0	1,881,195	0	0	0	4,932,512	0	0	0	1,301,739	0	0	0	6,174	0	0	0	337,617	337,617	0	0	0	266,669	266,669	0	0	0	388,787	388,787	0	0	0	863,826	863,826	0	0	0	738,264	738,264
impairment charge
discount accretion on commercial loan investments																																														0	0
principal payments received on commercial loan investments																														0	3,000,000							0	0			0	0			0	0
loss on disposition of assets held for sale																																																		0	0	0	26,367
amortization of fees on acquisition of commercial loan investments																																						0	0	33,064	3,318	3,394				0	0
discount on commercial loan investment payoff																																						0	0
realized loss on investment securities																																						0	0	0	575,567
acquisition of property, plant, and equipment and intangible lease assets and liabilities through business combinations																																						66	-47,466,670	0	-2,460,000
proceeds from sale of investment securities																																						0	0	0	6,252,362	1,832,029	2,084,994
contributions from noncontrolling interest in consolidated vie																																						0
cash from excess tax benefit (expense) from vesting of restricted stock
total cash as of december 31, 2018, 2017, and 2016, respectively
loss on disposition of property, plant, and equipment and intangible assets
amortization of discount on debt securities within investment securities																																										-36	-2,291	-2,537	-1,691
realized gain on investment securities																																										122,516	-154,914	0	-130,791
impairment charge on investment securities
decrease (increase) in restricted cash
proceeds from sale of put options																																										0	13,907
decrease in restricted cash																																			-2,299,815	1,155,386	3,972,702	-3,211,737	3,924,886									-29,915	-445,948
cash from excess tax benefit from vesting of restricted stock																																						-2,507					0	0	-29,563	279,383	273,119			0
cash proceeds from exercise of stock options																																				121,205	19,979	100,070	9,968	39,675	7,484	397,619	198,738	296,458	127,022		407,980				-6,510	371,356	155,003		0	0	2,089	0	0				0	0	2,034	5,147	5,147	0	0	0	2,059	2,059	0	0	0	5,090	5,090	0	3,015	0	13,747	13,747
net pension asset																																														492,806	-28,379	-28,378	-28,379
realized gain on put option derivative
cash from (used for) excess tax benefit from vesting of restricted stock																																								0	2,507
increase in restricted cash																																									-1,095,982	-3,435,006			-943,597						-88,973	654,561	-888,150
net pension obligation
proceeds from disposition of assets held for sale																																																			0	0	3,407,133	78,455	0
acquisition of intangible assets																																											-4,840,670			-864,212	-317,663			0	-737,201	0	-2,183,538
gain on disposition property, plant, and equipment and intangible assets																																												-12,749	-5,440
accretion of commercial loan investments origination fees																																												-45,060	-13,364	-10,170	-6,944
realized gain on put option investment
non-cash stock-based compensation																																												546,372	75,352
acquisition of commercial loan investment																																													-161,796
proceeds from sales of investment securities																																													834,964
principal payments received on commercial loan investment
loss on early extinguishment of debt
realized gain on sales of investment securities
impairment of assets held for sale
impairment of long-lived assets																																																										0
accrued liabilities																																														-81,600	176,049	984,142	-403,891
proceeds from disposition of property, plant, and equipment - net
proceeds from disposition of assets held for sale - net
cash proceeds (disbursements) from exercise of stock options
cash used to repurchase common stock																																																						0
cash, end of year
accrued stock-based compensation
net cash net cash from operating activities
discount accretion on commercial mortgage loan																																																	-649,658	-876,876
amortization of fees on acquisition of commercial mortgage loan																																																	29,711	40,784
investment securities																																																	-70,628
acquisition of commercial mortgage loan																																																	-5,000,000	-2,837
principal payments received on commercial mortgage loans																																																	19,465,000
accrued liabilities and accrued stock based compensation																																																		-1,404,688	509,665	-1,514,244	291,349	-689,267	1,275,821	-604,287	-704,485		1,215,137	296,536	-321,159	-321,159			1,259,318	25,442	25,442			-30,682	68,753	68,753						-265,504	372,388	387,174	219,803	219,803
proceeds from sales, calls, or maturities of investment securities
principal payments received on commercial mortgage loan																																																		0
proceeds from notes payable and line of credit																																																				750,000	57,700,000
payments on notes payable and line of credit																																																				-5,471,125	-37,678,691
adjustments to reconcile net income to net cash
from operating activities:
gain on disposition of property, plant, and equipment																																																								-269,019	-85,000
gain on sale of assets held for sale
investment in intangible assets																																																						-867,818	-104,774			0	0
decrease in restricted cash for acquisition through the like-kind exchange process
proceeds from note payable and line of credit
payments on note payable and line of credit
gain on disposition of property, plant and equipment
acquisition of property, plant and equipment
increase in restricted cash for acquisition through the like-kind exchange process																																																							610,349
proceeds from sales, calls or maturities of investment securities
proceeds from disposition of property, plant and equipment
proceeds from notes payable																																																							0	5,226,000	17,115,849	6,590,000	5,738,000	0	2,535,000	2,535,000	5,373,000	1,687,000	1,644,000	2,277,000	2,277,000	5,050,000	2,211,000	4,292,000	4,910,000	4,910,000	3,986,000	3,861,000	1,728,000	3,170,000	3,170,000	3,189,000	0
payments on notes payable																																																							-4,150,000	-576,000	-16,155,714	-3,134,768	-10,919,422	1,428,717	-2,220,061	-2,220,061	-2,715,391	-2,182,923	-2,030,454	-2,013,373	-2,013,373	-2,137,087					-4,015,235
cash flow from operating activities
proceeds from calls or maturities of investment securities																																																													725,741	725,741	2,517,880	1,660,178	595,617	1,083,276	1,083,276	2,718,404	1,166,470	2,943,320	768,799	768,799
leasing revenue and other income																																																									165,516
costs and other incomes
income from operations before income tax																																																									165,516
income tax																																																									-63,848
income from discontinued operations																																																									101,668
gain of disposition of property, plant, and equipment																																																													-91,300	-91,300
notes receivable																																																																				0	0				50,000	0	500,000	460,728	460,728
accrued liabilities, and accrued stock
based compensation
decrease in restricted cash for acquisitions through the like-kind exchange process
cash used to settle stock appreciation rights																																																										0	0				0	0	-4,491	-3,042	-3,042	0					0
cash from repurchase of common stock																																																																				0
net loss
non cash compensation																																																													449,153	449,153				-309,336	-309,336												-63,665	-124,081	1,849,184	1,849,184
proceeds from maturities of investment securities
provided by operating activities:
income available to common shareholders:
weighted-average shares outstanding																																																														5,723,980
common shares applicable to stock
options using the treasury stock method
total shares applicable to diluted earnings per share																																																														5,723,980
per share information:
basic and diluted income per share																																																														-0.05
no impact was considered on the conversion of stock options during the 2011 and 2010 periods as the affect would be anti-dilutive. the number of anti-dilutive shares for the three-months ended march 31, 2011 and 2010 were 183,524 and 158,104, respectively.
loss on sale of property, plant, and equipment																																																															1										1,614	0				108,900
stock based compensation
based compensation and pension liability
accrued liabilities & accrued stock based compensation
decrease in restricted cash for acquisitions
through the like-kind exchange process																																																																					0	0	462,765	462,765		-460,555	9,510,980	876,570	876,570
increase in assets:
decrease (increase) in restricted cash for acquisitions
accrued liabilities, accrued stock based compensation and pension liability
deferred profit
(decrease) increase in liabilities:
increase (decrease) in liabilities:
intangible assets
decrease in investment securities																																																																										1,274,492
( increase) decrease in assets:
increase in restricted cash for acquisitions
net decrease in investment securities																																																																												3,602,338			-273,014
net increase in investment securities																																																																													3,602,338
(increase) decrease in assets:
loss on sale of property, plant and equipment
(gain) loss on sale of property, plant and equipment
adjustments to reconcile net income to
net cash provided by operating activities:
loss on sale of property,
plant, and equipment
accrued liabilities and accrued stock
decrease in restricted cash for
acquisitions through the like-kind exchange
process
proceeds from calls or maturities of
proceeds from disposition of property,
plant and equipment

CTO Realty Growth, Inc(NYSE:CTO)

CTO Realty Growth, Inc
(NYSE:CTO)