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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
9 Months Ended
Sep. 30, 2021
Payables and Accruals [Abstract]  
Summary of Accounts Payable and Accrued Expenses
A summary of the Company’s Accounts payable and accrued expenses follows:
 September 30,
2021
December 31,
2020
 (In thousands)
Property taxes payable                                                                                  $46,949 3,524 
Development costs payable                                                                                  28,557 6,427 
Real estate improvements and capitalized leasing costs payable7,018 5,692 
Interest payable                                                                                  8,863 6,537 
Dividends payable                                                        37,816 32,677 
Book overdraft (1)
13,230 5,176 
Other payables and accrued expenses                                                                                  7,546 9,540 
 Total Accounts payable and accrued expenses
$149,979 69,573 

(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, which is included in the Company’s Unsecured bank credit facilities.