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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses ACCOUNTS PAYABLE AND ACCRUED EXPENSES
A summary of the Company’s Accounts payable and accrued expenses follows:
 March 31,
2022
December 31,
2021
 (In thousands)
Property taxes payable                                                                                  $18,755 4,494 
Development costs payable                                                                                  18,820 17,529 
Retainage payable13,779 10,576 
Real estate improvements and capitalized leasing costs payable7,920 5,798 
Interest payable                                                                                  8,876 6,547 
Dividends payable                                                        46,784 46,864 
Book overdraft (1)
4,499 4,845 
Other payables and accrued expenses                                                                                  7,275 13,107 
 Total Accounts payable and accrued expenses
$126,708 109,760 

(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.