2021 Q4 Form 10-K Financial Statement

#000155837022001966 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $24.70M $70.27M $15.96M
YoY Change 54.75% 24.64% 33.42%
Cost Of Revenue $11.88M $22.43M $3.675M
YoY Change 223.13% 47.46% 86.93%
Gross Profit $12.83M $47.84M $12.29M
YoY Change 4.39% 16.21% 22.9%
Gross Profit Margin 51.92% 68.08% 76.98%
Selling, General & Admin $2.725M $11.20M $2.960M
YoY Change -7.94% -3.18% 0.68%
% of Gross Profit 21.25% 23.41% 24.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.153M $20.58M $4.729M
YoY Change 8.97% 7.96% 15.62%
% of Gross Profit 40.18% 43.02% 38.49%
Operating Expenses $7.878M $31.78M $18.61M
YoY Change -57.67% 3.76% 106.95%
Operating Profit $4.947M $23.35M -$267.0K
YoY Change -1952.81% 90.11% -106.55%
Interest Expense $1.929M -$8.929M -$2.454M
YoY Change -178.61% -17.61% -24.42%
% of Operating Profit 38.99% -38.25%
Other Income/Expense, Net
YoY Change
Pretax Income $3.224M $26.86M -$3.407M
YoY Change -194.63% -638.3% -412.57%
Income Tax $1.292M -$3.079M -$83.09M
% Of Pretax Income 40.07% -11.46%
Net Earnings $1.932M $29.94M $79.68M
YoY Change -97.58% -61.86% -17.36%
Net Earnings / Revenue 7.82% 42.61% 499.23%
Basic Earnings Per Share $4.69 $16.60
Diluted Earnings Per Share $109.3K $4.69 $16.60
COMMON SHARES
Basic Shares Outstanding 5.962M 5.892M 4.717M
Diluted Shares Outstanding 5.892M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.615M $8.615M $4.300M
YoY Change 100.35% 100.35% -33.85%
Cash & Equivalents $8.615M $8.615M $4.289M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $692.0K $692.0K $7.100M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.27M $11.27M $15.10M
YoY Change -25.35% -25.35% -1.31%
LONG-TERM ASSETS
Property, Plant & Equipment $494.9M $494.9M $442.4M
YoY Change 11.86% 11.81% 19.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $41.04M $48.68M
YoY Change -100.0% -48.25% -12.67%
Other Assets $32.98M $32.98M $32.10M
YoY Change 2.74% 2.74% -75.76%
Total Long-Term Assets $721.9M $721.9M $651.6M
YoY Change 10.78% 10.78% -5.29%
TOTAL ASSETS
Total Short-Term Assets $11.27M $11.27M $15.10M
Total Long-Term Assets $721.9M $721.9M $651.6M
Total Assets $733.1M $733.1M $666.7M
YoY Change 9.97% 9.97% -5.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $676.0K $676.0K $1.000M
YoY Change -32.4% -32.4% -28.57%
Accrued Expenses $13.10M $13.10M $7.200M
YoY Change 81.88% 81.88% 26.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $23.18M
YoY Change -69.09%
Total Short-Term Liabilities $13.77M $13.77M $8.200M
YoY Change 67.94% 67.94% 9.33%
LONG-TERM LIABILITIES
Long-Term Debt $278.3M $278.3M $273.8M
YoY Change 1.63% 1.63% -4.67%
Other Long-Term Liabilities $10.13M $10.13M $30.20M
YoY Change -66.45% -66.45% -8.21%
Total Long-Term Liabilities $288.4M $288.4M $304.0M
YoY Change -5.13% -5.13% -5.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.77M $13.77M $8.200M
Total Long-Term Liabilities $288.4M $288.4M $304.0M
Total Liabilities $302.7M $302.7M $315.8M
YoY Change -4.16% -4.16% -24.43%
SHAREHOLDERS EQUITY
Retained Earnings $343.5M $339.9M
YoY Change 1.04% 4.25%
Common Stock $85.47M $90.43M
YoY Change -5.48% 176.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $430.5M $430.5M $350.9M
YoY Change
Total Liabilities & Shareholders Equity $733.1M $733.1M $666.7M
YoY Change 9.97% 9.97% -5.2%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.932M $29.94M $79.68M
YoY Change -97.58% -61.86% -17.36%
Depreciation, Depletion And Amortization $5.153M $20.58M $4.729M
YoY Change 8.97% 7.96% 15.62%
Cash From Operating Activities $15.21M $27.58M $5.030M
YoY Change 202.43% 62.89% -1624.24%
INVESTING ACTIVITIES
Capital Expenditures -$140.6M -$256.4M -$2.390M
YoY Change 5782.89% 52.78% -96.83%
Acquisitions
YoY Change
Other Investing Activities $45.37M $153.4M $36.92M
YoY Change 22.9% 100.04% -82.06%
Cash From Investing Activities -$95.23M -$103.0M $34.53M
YoY Change -375.78% 13.0% -73.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.210M
YoY Change -46.1%
Debt Paid & Issued, Net $283.5M
YoY Change 292.31%
Cash From Financing Activities 35.81M 72.91M -14.51M
YoY Change -346.82% -371.18% 143.46%
NET CHANGE
Cash From Operating Activities 15.21M 27.58M 5.030M
Cash From Investing Activities -95.23M -103.0M 34.53M
Cash From Financing Activities 35.81M 72.91M -14.51M
Net Change In Cash -44.20M -2.476M 25.05M
YoY Change -276.46% -97.55% -79.82%
FREE CASH FLOW
Cash From Operating Activities $15.21M $27.58M $5.030M
Capital Expenditures -$140.6M -$256.4M -$2.390M
Free Cash Flow $155.8M $284.0M $7.420M
YoY Change 1999.91% 53.71% -90.11%

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CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
19.68
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.69
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
16.69
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
23.00
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5892270
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4704877
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4991656
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8866000
CY2020 cto Special Distribution Per Share
SpecialDistributionPerShare
11.98
CY2020 cto Special Distribution On Reit Conversion Value
SpecialDistributionOnREITConversionValue
-5604000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1984000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5892270
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4704877
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4998043
CY2021 us-gaap Net Income Loss
NetIncomeLoss
29940000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
78509000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
114973000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
0
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
0
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
-100000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
3427000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-1984000
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-413000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3427000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1984000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-413000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
33367000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
76525000
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
114560000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
211762000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
114973000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
41096000
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-303000
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
532000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2156000
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.44
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2198000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-413000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
285413000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
78509000
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4100000
CY2020 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
5248000
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-538000
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
513000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2308000
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.90
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
350899000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
29940000
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2210000
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-436000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
357000
CY2021 cto Adjustments To Additional Paid In Capital Preferred Stock Issued Net Of Underwriting Discount And Expenses
AdjustmentsToAdditionalPaidInCapitalPreferredStockIssuedNetOfUnderwritingDiscountAndExpenses
72430000
CY2021 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
197000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2668000
CY2021 cto Special Distribution Per Share
SpecialDistributionPerShare
0.01
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2325000
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
24073000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3427000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
430480000
CY2021 us-gaap Profit Loss
ProfitLoss
29940000
CY2020 us-gaap Profit Loss
ProfitLoss
78509000
CY2019 us-gaap Profit Loss
ProfitLoss
114973000
CY2021 cto Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
20581000
CY2020 cto Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
19063000
CY2019 cto Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
15797000
CY2021 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
404000
CY2020 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1754000
CY2019 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2383000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
586000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
454000
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
444000
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1278000
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1379000
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1357000
CY2021 cto Gain Loss On Disposition Of Property Plant Equipment And Intangible Assets
GainLossOnDispositionOfPropertyPlantEquipmentAndIntangibleAssets
28316000
CY2020 cto Gain Loss On Disposition Of Property Plant Equipment And Intangible Assets
GainLossOnDispositionOfPropertyPlantEquipmentAndIntangibleAssets
7509000
CY2019 cto Gain Loss On Disposition Of Property Plant Equipment And Intangible Assets
GainLossOnDispositionOfPropertyPlantEquipmentAndIntangibleAssets
3296000
CY2020 cto Gain Loss On Disposition Of Assets Held For Sale
GainLossOnDispositionOfAssetsHeldForSale
2590000
CY2019 cto Gain Loss On Disposition Of Assets Held For Sale
GainLossOnDispositionOfAssetsHeldForSale
18697000
CY2019 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
127518000
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
-353000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3431000
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1141000
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
17599000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
9147000
CY2021 cto Discount Accretion On Commercial Loan Investments
DiscountAccretionOnCommercialLoanInvestments
2000
CY2020 cto Discount Accretion On Commercial Loan Investments
DiscountAccretionOnCommercialLoanInvestments
161000
CY2019 cto Discount Accretion On Commercial Loan Investments
DiscountAccretionOnCommercialLoanInvestments
135000
CY2021 cto Amortization Of Deferred Charges Fees On Acquisition Of Portfolio Loans
AmortizationOfDeferredChargesFeesOnAcquisitionOfPortfolioLoans
-438000
CY2020 cto Amortization Of Deferred Charges Fees On Acquisition Of Portfolio Loans
AmortizationOfDeferredChargesFeesOnAcquisitionOfPortfolioLoans
-428000
CY2019 cto Amortization Of Deferred Charges Fees On Acquisition Of Portfolio Loans
AmortizationOfDeferredChargesFeesOnAcquisitionOfPortfolioLoans
-218000
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3038000
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
90532000
CY2019 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-35100000
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
10340000
CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-8240000
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
61000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
3168000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2786000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
2688000
CY2021 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
416000
CY2020 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
26000
CY2019 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-225000
CY2019 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
34296000
CY2020 cto Payments To Acquire Mitigation Credits
PaymentsToAcquireMitigationCredits
3621000
CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
596000
CY2021 cto Payments For Proceeds From Interest In Joint Venture
PaymentsForProceedsFromInterestInJointVenture
-23864000
CY2020 cto Payments For Proceeds From Interest In Joint Venture
PaymentsForProceedsFromInterestInJointVenture
41000
CY2019 cto Payments For Proceeds From Interest In Joint Venture
PaymentsForProceedsFromInterestInJointVenture
84000
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
129461000
CY2021 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-833000
CY2019 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-3893000
CY2021 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
-6391000
CY2020 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
493000
CY2019 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
1107000
CY2021 cto Increase Decrease In Mitigation Credits And Mitigation Credit Rights
IncreaseDecreaseInMitigationCreditsAndMitigationCreditRights
15750000
CY2020 cto Increase Decrease In Mitigation Credits And Mitigation Credit Rights
IncreaseDecreaseInMitigationCreditsAndMitigationCreditRights
-3323000
CY2019 cto Increase Decrease In Mitigation Credits And Mitigation Credit Rights
IncreaseDecreaseInMitigationCreditsAndMitigationCreditRights
1861000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3191000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1802000
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3479000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-370000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-340000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
349000
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5680000
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3402000
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
490000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1186000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2511000
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-540000
CY2021 cto Increase Decrease In Liabilities Held For Sale
IncreaseDecreaseInLiabilitiesHeldForSale
-831000
CY2019 cto Increase Decrease In Liabilities Held For Sale
IncreaseDecreaseInLiabilitiesHeldForSale
-49000
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-439000
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
439000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27577000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16930000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16411000
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
256381000
CY2020 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
167811000
CY2019 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
150705000
CY2021 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
364000
CY2020 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
28235000
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
85621000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
207552000
CY2019 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
96132000
CY2020 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
22965000
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
143000
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
15500000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102967000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-91122000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
103099000
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
314500000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
66640000
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
141500000
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
283519000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
72269000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
103073000
CY2021 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
1587000
CY2020 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
2187000
CY2019 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
635000
CY2021 cto Cash Proceeds From Payments For Exercise Of Stock Options And Stock Issuance
CashProceedsFromPaymentsForExerciseOfStockOptionsAndStockIssuance
162000
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
72430000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2210000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4100000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
41096000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
436000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
502000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
303000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
197000
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2325000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23580000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14470000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2198000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72914000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26888000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5805000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2476000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-101080000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
113705000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33825000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134905000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21200000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31349000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33825000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134905000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8615000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4289000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6475000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
22734000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
29536000
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
128430000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31349000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33825000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134905000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
406000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5026000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1793000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
7274000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
9716000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
10782000
CY2019 cto Contribution Of Income Properties In Exchange Of Op Units
ContributionOfIncomePropertiesInExchangeOfOpUnits
23253000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
681000
CY2021 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
3427000
CY2020 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-1984000
CY2019 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-413000
CY2020 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
57359000
CY2020Q4 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
5248000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1600000
CY2020 cto Special Distribution Paid In Stock
SpecialDistributionPaidInStock
50194000
CY2021 us-gaap Dividends
Dividends
493000
CY2021 us-gaap Notes Assumed1
NotesAssumed1
30000000
CY2019 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
6486000
CY2019 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
98386000
CY2021 cto Number Of Commercial Loan Investment
NumberOfCommercialLoanInvestment
2
CY2021Q1 cto Common Stock Shares Conversion Ratio Merger
CommonStockSharesConversionRatioMerger
1
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">Among other factors, fluctuating market conditions that can exist in the national real estate markets and the volatility and uncertainty in the financial and credit markets make it possible that the estimates and assumptions, most notably those related to the Company’s investment in income properties, could change materially due to continued volatility in the real estate and financial markets, or as a result of a significant dislocation in those markets.</p>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;">RECLASSIFICATIONS</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt;">In the first quarter of 2021, the Company reclassified deferred financing costs incurred in connection with its Credit Facility (as further described in Note 17, “Long-Term Debt”), net of accumulated amortization, as a component of other assets on the accompanying consolidated balance sheet. Accordingly, deferred financing costs of $1.2 million, net of accumulated amortization of $0.5 million, were reclassified from long-term debt to other assets as of December 31, 2020. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:24.5pt;margin:0pt;">Additionally, certain items in the prior period’s consolidated statements of operations have been reclassified to conform to the presentation as of and for the year ended December 31, 2019. Specifically, in the fourth quarter of 2019, the Company completed the sale of its remaining land holdings through the Magnetar Land Sale, hereinafter defined. Accordingly, the results of the real estate operations related to land sales have been classified as discontinued operations in the accompanying consolidated statements of operations for the year ended December 31, 2019. </p>
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
22700000
CY2015Q4 cto Number Of Closed Land Transactions
NumberOfClosedLandTransactions
2
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
500000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
500000
CY2021 us-gaap Depreciation
Depreciation
12300000
CY2020 us-gaap Depreciation
Depreciation
11300000
CY2019 us-gaap Depreciation
Depreciation
9900000
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2021Q4 cto Reit Eligibility Distributable Minimum Percentage Of Taxable Income Excluding Net Capital Gains
ReitEligibilityDistributableMinimumPercentageOfTaxableIncomeExcludingNetCapitalGains
0.90
CY2021 cto Number Of Taxable Reit Subsidiaries
NumberOfTaxableReitSubsidiaries
5
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;">CONCENTRATION OF CREDIT RISK</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;text-align:justify;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">The Company also has certain tenants within our income property portfolio that make up more than 10% of our geographic concentration and/or revenues, as described below: </p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:24.5pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Square Footage Concentrations.</i><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> As of December 31, 2021, a total of </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">23%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">13%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">13%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">12%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, and </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">16%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> of the Company’s income property portfolio, based on square footage, were located in the state of Florida, Georgia, New Mexico, North Carolina, and Texas, respectively. As of December 31, 2020, a total of </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">11%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">12%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">17%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">20%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, and </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">26%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> of the Company’s income property portfolio, based on square footage, were located in the state of Georgia, Arizona, Texas, North Carolina, and Florida, respectively.</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:24.5pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Tenant Concentrations.</i><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">We did not have any tenants that accounted for more than 10% of total revenues as of December 31, 2021. Ashford Lane, the Company’s multi-tenant income property located in Atlanta, Georgia, and Beaver Creek Crossings, the Company’s multi-tenant income property located in Apex, North Carolina, accounted for </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">10.5%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> and </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">11.8%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, respectively, of the total square footage of our income property portfolio as of December 31, 2021. We had </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">one</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> tenant, Wells Fargo, located in Raleigh, North Carolina, that accounted for </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">10.9%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> and </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">12.5%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> of our total revenue during the years ended December 31, 2020 and 2019, respectively. This property also represented </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">18.1%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> of the total square footage of our income property portfolio as of December 31, 2020. </span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:24.5pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Base Rent Concentrations.</i><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> A total of </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">11%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">31%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">13%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">, and </span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">16%</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> of our base rent revenue during the year ended December 31, 2021 was generated from tenants located in Arizona, Florida, Georgia, and Texas, respectively. </span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.14;text-align:justify;margin:0pt 0pt 0pt 42.5pt;"><span style="font-size:1pt;margin-left:0pt;visibility:hidden;">​</span></p>
CY2021 us-gaap Revenues
Revenues
70272000
CY2021 cto Operating Lease Lease Income Over Lease Term
OperatingLeaseLeaseIncomeOverLeaseTerm
50351000
CY2021 us-gaap Revenues
Revenues
70272000
CY2020 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
3034000
CY2020 cto Interest And Other Revenue
InterestAndOtherRevenue
561000
CY2020 us-gaap Revenues
Revenues
56381000
CY2020 cto Operating Lease Lease Income Over Lease Term
OperatingLeaseLeaseIncomeOverLeaseTerm
49392000
CY2020 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
3034000
CY2020 us-gaap Revenues
Revenues
56381000
CY2019 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
277000
CY2019 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
1829000
CY2019 us-gaap Revenues
Revenues
44941000
CY2019 cto Operating Lease Lease Income Over Lease Term
OperatingLeaseLeaseIncomeOverLeaseTerm
42453000
CY2019 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
1829000
CY2019 us-gaap Revenues
Revenues
44941000
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
41791000
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
39825000
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
37431000
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
8888000
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
10128000
CY2019 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
4525000
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
50679000
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
49953000
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
41956000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
49275000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
47369000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
45023000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
43658000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
37842000
CY2021Q4 cto Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
168754000
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
391921000
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
162300000
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
28200000
CY2019Q4 cto Number Of Properties Disposed For Cash
NumberOfPropertiesDisposedForCash
15
CY2019Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1223854
CY2019Q4 cto Number Of Properties Disposed For Units Issued
NumberOfPropertiesDisposedForUnitsIssued
5
CY2021Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
38099000
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
38099000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
39095000
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
37735000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
37735000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
38320000
CY2020Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
300000
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
2000000.0
CY2020Q4 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
2000000.0
CY2021Q4 cto Inventory Real Estate Land And Land Development Costs Other Than Timber And Subsurface Interests
InventoryRealEstateLandAndLandDevelopmentCostsOtherThanTimberAndSubsurfaceInterests
358000
CY2020Q4 cto Inventory Real Estate Land And Land Development Costs Other Than Timber And Subsurface Interests
InventoryRealEstateLandAndLandDevelopmentCostsOtherThanTimberAndSubsurfaceInterests
6377000
CY2021Q4 cto Inventory Real Estate Subsurface Interests
InventoryRealEstateSubsurfaceInterests
334000
CY2020Q4 cto Inventory Real Estate Subsurface Interests
InventoryRealEstateSubsurfaceInterests
706000
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
692000
CY2020Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
7083000
CY2021 cto Revenue From Contract With Customer Including Assessed Tax And Operating Leases Income Statement Lease Revenue
RevenueFromContractWithCustomerIncludingAssessedTaxAndOperatingLeasesIncomeStatementLeaseRevenue
4724000
CY2020 cto Revenue From Contract With Customer Including Assessed Tax And Operating Leases Income Statement Lease Revenue
RevenueFromContractWithCustomerIncludingAssessedTaxAndOperatingLeasesIncomeStatementLeaseRevenue
638000
CY2019 cto Revenue From Contract With Customer Including Assessed Tax And Operating Leases Income Statement Lease Revenue
RevenueFromContractWithCustomerIncludingAssessedTaxAndOperatingLeasesIncomeStatementLeaseRevenue
748000
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13427000
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
650000
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
852000
CY2022Q3 cto Asset Acquisition Interest Purchase Amount Allocated To Mitigation Credits
AssetAcquisitionInterestPurchaseAmountAllocatedToMitigationCredits
15600000
CY2021 cto Number Of Mitigation Credits Sold
NumberOfMitigationCreditsSold
6
CY2021 cto Amount Of Mitigation Credits With Cost Basis
AmountOfMitigationCreditsWithCostBasis
700000
CY2021 cto Mitigation Credits Sold
MitigationCreditsSold
500000
CY2021 cto Number Of Mitigation Credits Cost Basis Expense Accrued
NumberOfMitigationCreditsCostBasisExpenseAccrued
2
CY2021 cto Mitigation Credits Cost Basis Expense Accrued
MitigationCreditsCostBasisExpenseAccrued
100000
CY2020 cto Aggregate Cost Of Sales Of Credits
AggregateCostOfSalesOfCredits
3100000
CY2020 cto Number Of Mitigation Credits Acquired
NumberOfMitigationCreditsAcquired
42
CY2020 cto Mitigation Credits Cost Basis
MitigationCreditsCostBasis
2900000
CY2019 cto Number Of Mitigation Credits Acquired
NumberOfMitigationCreditsAcquired
0
CY2020 cto Number Of Mitigation Credits
NumberOfMitigationCredits
13.31
CY2020 cto Amount Of Mitigation Credits With Cost Basis
AmountOfMitigationCreditsWithCostBasis
100000
CY2021Q4 us-gaap Area Of Land
AreaOfLand
84900
CY2020Q4 us-gaap Area Of Land
AreaOfLand
345
CY2019 cto Land Sales Area Of Land Land Sale Transactions Total
LandSalesAreaOfLandLandSaleTransactionsTotal
5
CY2019 cto Land Sales Area Of Land
LandSalesAreaOfLand
5400
CY2019 cto Land Sales Gross Sales Price
LandSalesGrossSalesPrice
108000000.0
CY2019 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
133000000.0
CY2019 cto Disposal Group Not Discontinued Operation Gain Loss On Disposal Per Share
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalPerShare
20.60
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
48677000
CY2020 cto Mitigation Credits Exercised Put Right
MitigationCreditsExercisedPutRight
48
CY2020Q1 cto Number Of Mitigation Credits
NumberOfMitigationCredits
20
CY2020Q1 cto Mitigation Credits Acquired
MitigationCreditsAcquired
1500000
CY2020Q1 cto Aggregate Cost Of Sales Of Credits
AggregateCostOfSalesOfCredits
75000000
CY2020Q1 cto Number Of Mitigation Credits
NumberOfMitigationCredits
20
CY2020Q3 cto Mitigation Credits Acquired
MitigationCreditsAcquired
1500000
CY2020Q3 cto Mitigation Credits Put Right Value Per Credit
MitigationCreditsPutRightValuePerCredit
75000000
CY2020Q4 cto Number Of Mitigation Credits
NumberOfMitigationCredits
8
CY2020Q4 cto Mitigation Credits Acquired
MitigationCreditsAcquired
600000
CY2020Q4 cto Mitigation Credits Put Right Value Per Credit
MitigationCreditsPutRightValuePerCredit
75000000
CY2020Q4 cto Mitigation Credits Put Right Fair Value
MitigationCreditsPutRightFairValue
6900000
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
823878
CY2021Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0073
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
100000000.0
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
23200000
CY2021Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.063
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
38896000
CY2021Q4 cto Equity Securities Fv Ni Accumulated Gross Unrealized Gain Before Tax
EquitySecuritiesFvNiAccumulatedGrossUnrealizedGainBeforeTax
2141000
CY2021Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
41037000
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
38896000
CY2021Q4 cto Equity Securities Fv Ni Accumulated Gross Unrealized Gain Before Tax
EquitySecuritiesFvNiAccumulatedGrossUnrealizedGainBeforeTax
2141000
CY2021Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
41037000
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
38753000
CY2020Q4 cto Equity Securities Fv Ni Accumulated Gross Unrealized Loss Before Tax
EquitySecuritiesFvNiAccumulatedGrossUnrealizedLossBeforeTax
8179000
CY2020Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
30574000
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
38753000
CY2020Q4 cto Equity Securities Fv Ni Accumulated Gross Unrealized Loss Before Tax
EquitySecuritiesFvNiAccumulatedGrossUnrealizedLossBeforeTax
8179000
CY2020Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
30574000
CY2021Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0022
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
50000000.0
CY2021Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0077
CY2021Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
15000000.0
CY2021Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0073
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
100000000.0
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
100965000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
68447000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21473000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
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CY2020Q4 cto Prepaid Expense Deposits Assets And Miscellaneous Other Assets
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CY2020Q4 cto Alphine Income Trust Inc Receivable
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CY2021 us-gaap Income Taxes Paid
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IncomeTaxesPaid
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ProceedsFromIncomeTaxRefunds
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ProceedsFromIncomeTaxRefunds
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2021Q4 us-gaap Assets
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CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
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CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
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CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
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CY2021Q4 us-gaap Real Estate Accumulated Depreciation
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CY2020Q4 us-gaap Real Estate Gross At Carrying Value
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CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
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RealEstateGrossAtCarryingValue
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CY2021 cto Sec Schedule Iii Real Estate Additions And Improvements
SecScheduleIiiRealEstateAdditionsAndImprovements
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CY2020 cto Sec Schedule Iii Real Estate Additions And Improvements
SecScheduleIiiRealEstateAdditionsAndImprovements
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CY2019 cto Sec Schedule Iii Real Estate Additions And Improvements
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CY2021 us-gaap Real Estate Cost Of Real Estate Sold
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RealEstateCostOfRealEstateSold
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RealEstateAccumulatedDepreciation
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CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
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RealEstateAccumulatedDepreciation
23936000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
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CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
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CY2021Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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CY2021Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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CY2021Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
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521260000
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MortgageLoansOnRealEstate
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CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
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CY2020 cto Mortgage Loans On Real Estate Loan Fees Paid
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CY2021 cto Mortgage Loan On Real Estate Accretion Of Origination Fees
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CY2020 cto Mortgage Loan On Real Estate Accretion Of Origination Fees
MortgageLoanOnRealEstateAccretionOfOriginationFees
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CY2019 cto Mortgage Loan On Real Estate Accretion Of Origination Fees
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CY2021Q4 cto Imputed Interest On Ground Lease Loan
ImputedInterestOnGroundLeaseLoan
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CY2020Q4 cto Imputed Interest On Ground Lease Loan
ImputedInterestOnGroundLeaseLoan
399000
CY2019Q4 cto Imputed Interest On Ground Lease Loan
ImputedInterestOnGroundLeaseLoan
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CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
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CY2021Q4 us-gaap Mortgage Loans On Real Estate
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CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
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CY2021Q4 cto Mortgage Loans On Real Estate Commercial And Consumer Net For Federal Income Tax Purposes
MortgageLoansOnRealEstateCommercialAndConsumerNetForFederalIncomeTaxPurposes
18400000

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