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INCOME TAXES (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010
INCOME TAXES |  |  |  |  |  |  |  |  |  |  |
Period of disqualification of REIT status |  |  |  |  |  |  |  |  | 4 years |  |
Reconciliation between Financial Statement Net Income and Federal Taxable Income: |  |  |  |  |  |  |  |  |  |  |
Net income | $ 4,933 | $ 18,414 | $ 5,750 | $ 3,223 | $ 3,085 | $ 2,765 | $ 5,142 | $ 2,732 | $ 32,320 | $ 13,724 | $ 9,306
Straight line rent adjustments |  |  |  |  |  |  |  |  |  | (1,419) | (693)
Financial statement gain on sale in excess of tax gain |  |  |  |  |  |  |  |  |  | 61 | 557
Rent received in advance, net |  |  |  |  |  |  |  |  |  | (78) | 205
Financial statement adjustment for above/below market leases |  |  |  |  |  |  |  |  |  | 31 | (442)
Non-deductible portion of restricted stock expense |  |  |  |  |  |  |  |  |  | 300 | 249
Financial statement depreciation in excess of tax depreciation |  |  |  |  |  |  |  |  |  | 1,042 | 1,051
Property acquisition costs - capitalize for tax purposes |  |  |  |  |  |  |  |  |  | 268 | 1,010
Other adjustments |  |  |  |  |  |  |  |  |  | (516) | 542
Federal taxable income |  |  |  |  |  |  |  |  |  | 13,413 | 11,785
Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  |  |  |  |  |  |  |  | 14,758 | 14,123
Dividend reinvestment plan |  |  |  |  |  |  |  |  |  | 153 | 108
Dividends before adjustment for previous and current year |  |  |  |  |  |  |  |  |  | 14,911 | 14,231
Less: Spillover dividends designated to previous year |  |  |  |  |  |  |  |  |  | (1,448) | (3,844)
Plus: Dividends designated from following year |  |  |  |  |  |  |  |  |  |  | 1,448
Dividends paid deduction |  |  |  |  |  |  |  |  |  | 13,463 | 11,835
Percentage of discount on common stock purchased through the dividend reinvestment plan |  |  |  |  |  |  |  |  | 5.00% |  |
Estimate |  |  |  |  |  |  |  |  |  |  |
Reconciliation between Financial Statement Net Income and Federal Taxable Income: |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  |  |  | 32,320 |  |
Straight line rent adjustments |  |  |  |  |  |  |  |  | (1,354) |  |
Financial statement gain on sale in excess of tax gain |  |  |  |  |  |  |  |  | (315) |  |
Rent received in advance, net |  |  |  |  |  |  |  |  | 111 |  |
Financial statement adjustment for above/below market leases |  |  |  |  |  |  |  |  | 2 |  |
Non-deductible portion of restricted stock expense |  |  |  |  |  |  |  |  | 341 |  |
Financial statement depreciation in excess of tax depreciation |  |  |  |  |  |  |  |  | 1,021 |  |
Federal excise tax, non-deductible |  |  |  |  |  |  |  |  | 290 |  |
Property acquisition costs - capitalize for tax purposes |  |  |  |  |  |  |  |  | 823 |  |
Other adjustments |  |  |  |  |  |  |  |  | (68) |  |
Federal taxable income |  |  |  |  |  |  |  |  | 33,171 |  |
Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  |  |  |  |  |  |  | 24,255 |  |
Dividend reinvestment plan |  |  |  |  |  |  |  |  | 256 |  |
Dividends before adjustment for previous and current year |  |  |  |  |  |  |  |  | 24,511 |  |
Plus: Dividends designated from following year |  |  |  |  |  |  |  |  | 8,710 |  |
Dividends paid deduction |  |  |  |  |  |  |  |  | $ 33,221 |  |

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