ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Accounts Payable and Accrued Expenses

A summary of the Company’s Accounts payable and accrued expenses follows:



	June 30, 2018		December 31, 2017
	(In thousands)
Property taxes payable	$	22,816	12,081
Development costs payable	17,049		9,699
Real estate improvements and capitalized leasing costs payable	4,463		3,957
Interest payable	4,015		3,744
Dividends payable on unvested restricted stock	1,179		1,365
Book overdraft ⁽¹⁾	1,448		20,902
Other payables and accrued expenses	5,380		13,219
Total Accounts payable and accrued expenses	$	56,350	64,967

⁽¹⁾ Represents checks written before the end of the period which have not cleared the bank; therefore, the bank has not yet advanced cash to the Company. When the checks clear the bank, they will be funded through the Company's working cash line of credit.