ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2020

Accounts Payable and Accrued Liabilities [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	December 31,
	2020		2019
	(In thousands)
Property taxes payable	$	3,524	2,696
Development costs payable	6,427		11,766
Real estate improvements and capitalized leasing costs payable	5,692		4,636
Interest payable	6,537		6,370
Dividends payable	32,677		30,714
Book overdraft (1)	5,176		25,771
Other payables and accrued expenses	9,540		10,071
Total Accounts payable and accrued expenses	$	69,573	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. See Note 1(p).