XML 28 R13.htm IDEA: XBRL DOCUMENT v3.22.0.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2021
Accounts Payable and Accrued Liabilities [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED EXPENSES ACCOUNTS PAYABLE AND ACCRUED EXPENSES
A summary of the Company’s Accounts payable and accrued expenses follows:
 December 31,
20212020
(In thousands)
Property taxes payable                                                    $4,494 3,524 
Development costs payable 17,529 4,004 
Retainage payable10,576 2,423 
Real estate improvements and capitalized leasing costs payable5,798 5,692 
Interest payable                              6,547 6,537 
Dividends payable46,864 32,677 
Book overdraft (1)
4,845 5,176 
Other payables and accrued expenses                   13,107 9,540 
 Total Accounts payable and accrued expenses
$109,760 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. See Note 1(p).