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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Tax Status of Dividends Paid

The Company satisfied its REIT distribution requirement by distributing $0.88 per common share in 2018. The taxability of such dividends are as follows:

	Year Ended December 31,
	2018				2017				2016
Dividend paid per share	$	0.88			$	0.88			$	0.82
Ordinary income	100		%		58		%		100		%
Return of capital	—		%		—		%		—		%
Capital gains	—		%		42		%		—		%

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Year Ended December 31,
(Amounts in thousands)	2018				2017				2016
Income tax expense (benefit):
Current:
U.S. federal income tax	$	154			$	—			$	—
U.S. state and local income tax	101				22				—
Puerto Rico income tax	560				674				609
Total current	815				696				609
Deferred:
Puerto Rico income tax	2,704				(974		)		195
Total deferred	2,704				(974		)		195
Total income tax expense (benefit)	$	3,519			$	(278	)		$	804

Schedule of Net Deferred Income Tax Liability

Below is a table summarizing the net deferred income tax liability balance as of December 31, 2018 and 2017:

(Amounts in thousands)
Balance at January 1, 2017	$	(3,802	)
Change in deferred tax assets:
Depreciation	(312		)
Amortization of deferred financing costs	(46		)
Provision for doubtful accounts	514
Insurance claims receivable	501
Change in deferred tax liabilities:
Depreciation	102
Straight-line rent	207
Amortization of acquired leases	8
Balance at December 31, 2017	(2,828		)
Change in deferred tax assets:
Amortization of deferred financing costs	(46		)
Provision for doubtful accounts	(200		)
Insurance claims receivable	(42		)
Charitable contribution	5
Change in deferred tax liabilities:
Depreciation	(2,261		)
Straight-line rent	(181		)
Amortization of acquired leases	21
Balance at December 31, 2018	$	(5,532	)

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Schedule of Distribution of REIT Taxable Income [Table Text Block]

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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