ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022		2021
	(In thousands)
Property taxes payable	$	6,823	4,494
Development costs payable	21,305		17,529
Retainage payable	11,011		10,576
Real estate improvements and capitalized leasing costs payable	5,182		5,798
Interest payable	9,597		6,547
Dividends payable	55,952		46,864
Book overdraft (1)	13,370		4,845
Other payables and accrued expenses	13,748		13,107
Total Accounts payable and accrued expenses	$	136,988	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. See Note 1(p).