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INCOME TAXES (Details) - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Nov. 30, 2024
INCOME TAXES |  |  |  |
Period of disqualification of REIT status | 4 years |  |  |
Approximate allocation of the distributions made to stockholders (percentages): |  |  |  |
Ordinary income | 55.00% | 53.00% | 54.00% |
Capital gains | 45.00% | 47.00% | 46.00% |
Total distributions made to stockholders | 100.00% | 100.00% | 100.00% |
Reconciliation between dividends declared with the dividends paid deduction |  |  |  |
Dividends declared | $ 38,421,000 | $ 38,116,000 | $ 37,915,000 |
Dividend reinvestment plan | 71,000 | 157,000 | 102,000 |
Dividends before adjustments | 38,492,000 | 38,273,000 | 38,017,000 |
Less: Spillover dividends designated to previous year | (740,000) | (4,240,000) |  |
Less: Spillover dividends designated to following year | (5,952,000) |  |  |
Plus: Dividends designated from prior year |  |  | 2,085,000 |
Plus: Dividends designated from following year |  | 740,000 | 4,240,000 |
Dividends paid deduction | $ 31,800,000 | $ 34,773,000 | $ 44,342,000 |
Percentage of discount on common stock purchased through the dividend reinvestment plan | 3.00% | 3.00% | 3.00% |
Maximum |  |  |  |
Reconciliation between dividends declared with the dividends paid deduction |  |  |  |
Percentage of discount on common stock purchased through the dividend reinvestment plan | 5.00% |  |  |
Tennessee |  |  |  |
INCOME TAXES |  |  |  |
Refund related to franchise taxes paid 2020 - 2022 |  |  |  | $ 238,000

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