ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Mar. 31, 2019

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	March 31, 2019		December 31, 2018
	(In thousands)
Property taxes payable	$	12,173	10,718
Development costs payable	16,111		15,410
Real estate improvements and capitalized leasing costs payable	5,658		3,911
Interest payable	5,931		4,067
Dividends payable	27,471		27,738
Book overdraft (1)	10,602		15,048
Other payables and accrued expenses	5,418		9,671
Total Accounts payable and accrued expenses	$	83,364	86,563

(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.