INCOME TAXES (Details) - USD ($)
$ in Thousands |
3 Months Ended |
12 Months Ended |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| INCOME TAXES |
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| Period of disqualification of REIT status |
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4 years
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| Reconciliation between Financial Statement Net Income and Federal Taxable Income: |
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| Net income |
$ 4,395
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$ 4,299
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$ 12,441
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$ 3,287
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$ 5,191
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$ 3,788
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$ 3,682
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$ 7,856
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$ 24,422
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$ 20,517
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$ 22,116
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| Straight-line rent adjustments |
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(2,261)
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(996)
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(1,480)
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| Book gain on sale - (in excess of) less than tax gain |
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(2,281)
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(663)
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10,522
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| Rent received in advance, net |
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584
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(42)
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(180)
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| Adjustments for above/below market leases |
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(643)
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(564)
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(253)
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| Non-deductible portion of restricted stock expense |
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1,193
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614
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(149)
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| Federal excise tax, non-deductible |
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6
|
174
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302
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| Book depreciation in excess of tax depreciation |
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4,248
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3,799
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2,970
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| Property acquisition costs - capitalized for tax purposes |
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605
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793
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417
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| Impairment loss |
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1,093
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| Other adjustments |
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(312)
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(193)
|
26
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| Federal taxable income |
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25,561
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23,439
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35,384
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| Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |
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| Dividends paid |
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29,135
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26,179
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24,117
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| Dividend reinvestment plan |
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181
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228
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197
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| Dividends before adjustment for previous and current year |
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29,316
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26,407
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24,314
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| Less: Spillover dividends designated to previous year |
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(15,209)
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(18,177)
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(7,107)
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| Plus: Dividends designated from following year |
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11,454
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15,209
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18,177
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| Dividends paid deduction |
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$ 25,561
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$ 23,439
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$ 35,384
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| Maximum |
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| Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |
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| Percentage of discount on common stock purchased through the dividend reinvestment plan |
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5.00%
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