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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
3 Months Ended
Mar. 31, 2023
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,
2023
December 31,
2022
 (In thousands)
Property taxes payable                                                                                  $21,725 6,823 
Development costs payable                                                                                  31,781 21,305 
Retainage payable12,805 11,011 
Real estate improvements and capitalized leasing costs payable7,097 5,182 
Interest payable                                                                                  14,387 9,597 
Dividends payable                                                        56,193 55,952 
Book overdraft (1)
5,465 13,370 
Other payables and accrued expenses                                                                                  8,191 13,748 
 Total Accounts payable and accrued expenses
$157,644 136,988 

(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.