XML 27 R16.htm IDEA: XBRL DOCUMENT v3.23.3
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
9 Months Ended
Sep. 30, 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:
 September 30,
2023
December 31,
2022
 (In thousands)
Property taxes payable                                                                                  $63,956 6,823 
Development costs payable                                                                                  44,156 21,305 
Retainage payable14,884 11,011 
Real estate improvements and capitalized leasing costs payable6,504 5,182 
Interest payable                                                                                  14,205 9,597 
Dividends payable                                                        60,322 55,952 
Book overdraft (1)
3,419 13,370 
Other payables and accrued expenses                                                                                  10,673 13,748 
 Total Accounts payable and accrued expenses
$218,119 136,988 

(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.