ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

A summary of the Company’s Accounts payable and accrued expenses follows:

	March 31, 2026		December 31, 2025
	(In thousands)
Property taxes payable	$	38,308	14,707
Development costs payable	10,214		15,919
Retainage payable	7,300		6,324
Real estate improvements and capitalized leasing costs payable	8,007		10,341
Interest payable	12,144		8,041
Dividends payable	84,658		84,725
Book overdraft (1)	—		9,052
Incentive compensation payable	2,320		8,614
Other payables and accrued expenses	6,463		12,222
Total Accounts payable and accrued expenses	$	169,414	169,945

(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 Unsecured bank credit facilities, net of debt issuance costs on the Consolidated Balance Sheets.