ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022
	(In thousands)
Property taxes payable	$	9,508	6,823
Development costs payable	29,487		21,305
Retainage payable	14,992		11,011
Real estate improvements and capitalized leasing costs payable	5,275		5,182
Interest payable	8,493		9,597
Dividends payable	62,393		55,952
Book overdraft (1)	—		13,370
Other payables and accrued expenses	16,189		13,748
Total Accounts payable and accrued expenses	$	146,337	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. See Note 1(q).