ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Accounts Payable and Accrued Expenses

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



	December 31,
	2018		2017
	(In thousands)
Property taxes payable	$	10,718	12,081
Development costs payable	15,410		9,699
Real estate improvements and capitalized leasing costs payable	3,911		3,957
Interest payable	4,067		3,744
Dividends payable	27,738		1,365
Book overdraft ⁽¹⁾	15,048		20,902
Other payables and accrued expenses	9,671		13,219
Total Accounts payable and accrued expenses	$	86,563	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. See Note 1(p).