TAXABLE INCOME AND TAX BASIS (Tables)

12 Months Ended

Dec. 31, 2023

TAXABLE INCOME AND TAX BASIS

Schedule of reconciliation of GAAP net income to taxable income

	For the year ended
	December 31,
	2023		2022		2021
	(in thousands)
Financial statement (“book”) net income (loss)	$	8,454	$	3,723	$	(2,700)
Book/Tax differences from depreciation		(2,300)		4,160		5,673
Book/Tax differences from Investment Properties		351		1,258		(87)
Increase in prepaid rent and allowances		732		554		(46)
Other items		2,752		1,273		1,216
Taxable income	$	9,989	$	10,968	$	4,056