ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	June 30, 2019		December 31, 2018
	(In thousands)
Property taxes payable	$	24,686	10,718
Development costs payable	17,471		15,410
Real estate improvements and capitalized leasing costs payable	4,999		3,911
Interest payable	4,821		4,067
Dividends payable	28,203		27,738
Book overdraft (1)	10,537		15,048
Other payables and accrued expenses	5,664		9,671
Total Accounts payable and accrued expenses	$	96,381	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.