Note 24 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Book to Tax Reconciliation [Table Text Block]

	2023			2022			2021
	(Estimated)			(Actual)			(Actual)
GAAP net income attributable to the Company	$	654,273		$	125,976		$	844,059
GAAP net income attributable to TRSs		(64	)		(5,042	)		(23,365	)
GAAP net income from REIT operations (1)		654,209			120,934			820,694
Federal income taxes		50,661			47,328			-
Net book depreciation in excess of tax depreciation		95,468			120,446			77,951
Deferred/prepaid/above-market and below-market rents, net		(31,982	)		(38,479	)		(31,666	)
Fair market value debt amortization		(21,053	)		(38,303	)		(17,961	)
Book/tax differences from executive compensation		31,169			23,248			19,882
Book/tax differences from equity awards		(7,157	)		(7,846	)		(3,714	)
Book/tax differences from defined benefit plan		2,948			-			(2,948	)
Book/tax differences from investments in and advances to real estate joint ventures		27,163			11,736			16,030
Book/tax differences from sale of properties		177,772			217,797			(50,955	)
Book/tax differences from accounts receivable		(4,284	)		(8,430	)		(17,707	)
Book adjustment to property carrying values and marketable equity securities		(24,275	)		335,199			(503,847	)
Taxable currency exchange (loss)/gain, net		(2,446	)		198			1,945
Tangible property regulation deduction		(65,000	)		(61,492	)		-
GAAP change in ownership of joint venture interests		(7,574	)		45,767			(5,607	)
Dividends from TRSs		-			243			23,314
Severance accrual		(573	)		(2,065	)		(5,608	)
Other book/tax differences, net (2)		7,803			2,115			(20,299	)
Adjusted REIT taxable income (3)	$	882,849		$	768,396		$	299,504

Taxable Characteristics of Distributions Paid [Table Text Block]

	2023				2022				2021
Preferred L Dividends
Ordinary income	$	11,432	100	%	$	9,657	84	%	$	11,185	97	%
Capital gain		-	-			1,839	16	%		346	3	%
	$	11,432	100	%	$	11,496	100	%	$	11,531	100	%
Preferred M Dividends
Ordinary income	$	13,749	100	%	$	11,615	84	%	$	13,469	97	%
Capital gain		-	-			2,212	16	%		417	3	%
	$	13,749	100	%	$	13,827	100	%	$	13,886	100	%
Common Dividends
Ordinary income	$	622,885	99	%	$	418,725	81	%	$	273,272	77	%
Capital gain		-	-			82,711	16	%		10,647	3	%
Return of capital		6,292	1	%		15,508	3	%		70,980	20	%
	$	629,177	100	%	$	516,944	100	%	$	354,899	100	%
Total dividends distributed for tax purposes	$	654,358			$	542,267			$	380,316

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

	2023			2022			2021
TRSs and taxable entities	$	(83	)	$	533		$	(3,380	)
REIT (1)		(60,869	)		(57,187	)		-
Total tax provision	$	(60,952	)	$	(56,654	)	$	(3,380	)

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

	2023			2022
Deferred tax assets:
Tax/GAAP basis differences	$	3,293		$	4,165
Net operating losses (1)		4,463			1,836
Valuation allowance		(3,776	)		-
Total deferred tax assets		3,980			6,001
Deferred tax liabilities		(5,843	)		(6,551	)
Net deferred tax liabilities	$	(1,863	)	$	(550	)