Note 25 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Book to Tax Reconciliation [Table Text Block]

	2022			2021			2020
	(Estimated)			(Actual)			(Actual)
GAAP net income attributable to the Company	$	125,976		$	844,059		$	1,000,833
GAAP net (income)/loss attributable to TRSs		(6,251	)		(23,365	)		(956	)
GAAP net income from REIT operations (1)		119,725			820,694			999,877
Federal income taxes		47,302			-			-
Net book depreciation in excess of tax depreciation		130,678			77,951			(55,072	)
Deferred/prepaid/above-market and below-market rents, net		(38,810	)		(31,666	)		(16,632	)
Fair market value debt amortization		(38,303	)		(17,961	)		(3,847	)
Book/tax differences from executive compensation		23,248			19,882			10,388
Book/tax differences from equity awards		(7,846	)		(3,714	)		5,640
Book/tax differences from defined benefit plan		-			(2,948	)		-
Book/tax differences from investments in and advances to real estate joint ventures		18,020			16,030			40,176
Book/tax differences from sale of properties		217,797			(50,955	)		(10,547	)
Book/tax differences from accounts receivable		(8,566	)		(17,707	)		44,193
Book adjustment to property carrying values and marketable equity securities		335,233			(503,847	)		(589,698	)
Taxable currency exchange gain/(loss), net		198			1,945			(29	)
Tangible property regulation deduction		(61,492	)		-			(48,194	)
GAAP change in ownership of joint venture interests		45,767			(5,607	)		-
Dividends from TRSs		145			23,314			2
Severance accrual		(1,933	)		(5,608	)		5,874
Other book/tax differences, net (2)		(2,650	)		(20,299	)		(5069	)
Adjusted REIT taxable income	$	778,513		$	299,504		$	377,062

Taxable Characteristics of Distributions Paid [Table Text Block]

	2022				2021				2020
Preferred L Dividends
Ordinary income	$	9,657	84	%	$	11,185	97	%	$	4,382	38	%
Capital gain		1,839	16	%		346	3	%		7,149	62	%
	$	11,496	100	%	$	11,531	100	%	$	11,531	100	%
Preferred M Dividends
Ordinary income	$	11,615	84	%	$	13,469	97	%	$	5,277	38	%
Capital gain		2,212	16	%		417	3	%		8,609	62	%
	$	13,827	100	%	$	13,886	100	%	$	13,886	100	%
Common Dividends
Ordinary income	$	418,725	81	%	$	273,272	77	%	$	133,849	38	%
Capital gain		82,711	16	%		10,647	3	%		214,863	61	%
Return of capital		15,508	3	%		70,980	20	%		3,522	1	%
	$	516,944	100	%	$	354,899	100	%	$	352,234	100	%
Total dividends distributed for tax purposes	$	542,267			$	380,316			$	377,651

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2022			2021			2020
TRSs and taxable entities	$	533		$	(3,380	)	$	522
REIT (1)		(57,187	)		-			(1,500	)
Total tax provision	$	(56,654	)	$	(3,380	)	$	(978	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2022			2021
Deferred tax assets:
Tax/GAAP basis differences	$	4,165		$	3,286
Net operating losses (1)		1,836			4,580
Tax credit carryforwards (2)		-			2,340
Valuation allowance		-			(4,067	)
Total deferred tax assets		6,001			6,139
Deferred tax liabilities		(6,551	)		(8,058	)
Net deferred tax liabilities	$	(550	)	$	(1,919	)