ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020		December 31, 2019
	(In thousands)
Property taxes payable	$	13,963	2,696
Development costs payable	13,203		11,766
Real estate improvements and capitalized leasing costs payable	4,944		4,636
Interest payable	6,315		6,370
Dividends payable	30,133		30,714
Book overdraft (1)	17,868		25,771
Other payables and accrued expenses	4,789		10,071
Total Accounts payable and accrued expenses	$	91,215	92,024

(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.