Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of cost capitalized

Payroll and related costs and interest costs capitalized for the years ended December 31, 2019, 2018 and 2017 were as follows (in thousands):

	2019		2018		2017
Payroll and related costs capitalized	$	1,581	$	1,521	$	2,345
Interest costs capitalized	$	25	$	93	$	2,289

Schedule of depreciation expense

Depreciation expense related to rental property included in net income for each of the years ended December 31, 2019, 2018 and 2017 was as follows (in thousands):

	2019		2018		2017
Depreciation expense related to rental property	$	107,129	$	114,198	$	107,845

Schedule of Deferred Charges

Deferred lease costs capitalized, including amounts paid to third-party brokers and internal leasing costs for the years ended December 31, 2019, 2018 and 2017 were as follows (in thousands):

	2019		2018		2017
Deferred lease costs capitalized- payroll and related costs	$	679	$	6,007	$	6,098
Total deferred lease costs capitalized	$	5,142	$	6,703	$	6,584

Tax Treatment of Common Dividends Per Share for Federal Tax Purposes

Dividends per share for the years ended December 31, 2019, 2018 and 2017 were taxable as follows:

Common dividends per share:	2019		2018		2017
Ordinary income	$	1.3261	$	1.3919	$	1.1660
Capital gain	—		0.0006		—
Return of capital	0.0889		—		0.1865
	$	1.4150	$	1.3925	$	1.3525

GAAP Reconciliation of Net Income to Taxable Income

The following reconciles net income available to the Company's shareholders to taxable income available to common shareholders for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	2019			2018			2017
Net income available to the Company's shareholders	$	87,855		$	43,655		$	68,002
Book/tax difference on:
Depreciation and amortization	51,602			58,208			10,685
Sale of assets and interests in unconsolidated entities	(41,138		)	(3,243		)	(8,718		)
Equity in earnings from unconsolidated joint ventures	1,447			18,444			15,662
Share-based payment compensation	8,246			6,269			221
Other differences	8,948			(630		)	(1,089		)
Taxable income available to common shareholders	$	116,960		$	122,703		$	84,763

Schedule of Supplemental Cash Flow Disclosures

Interest paid, net of interest capitalized was as follows for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	2019		2018		2017
Interest paid, net of interest capitalized	$	57,237	$	60,529	$	56,730

Information related to non-cash assets and liabilities recorded as a result of the adoption of ASC 842 in 2019 was as follows (in thousands):

	2019
Non-Cash operating lease right-of-use assets exchanged for operating lease liabilities	$	87,679
Non-Cash operating lease liabilities exchanged for operating right-of-use assets	$	92,354

Expenditures included in accounts payable and accrued expenses were as follows for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	2019		2018		2017
Costs relating to construction included in accounts payable and accrued expenses	$	17,619	$	15,772	$	32,060