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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2021
Accounting Policies [Abstract]    
Schedule of cost capitalized  
Payroll and related costs and interest costs capitalized for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
202320222021
Payroll and related costs capitalized$3,843 $2,924 $1,526 
Interest costs capitalized$2,509 $862 $— 
Schedule of depreciation expense
Depreciation expense related to rental property included in net income for each of the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands):
202320222021
Depreciation expense related to rental property$97,636 $97,916 $96,990 
 
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, 2023, 2022 and 2021 were as follows (in thousands):
202320222021
Deferred lease costs capitalized- payroll and related costs $1,696 $1,338 $1,233 
Total deferred lease costs capitalized$3,101 $2,570 $5,115 
 
Tax Treatment of Common Dividends Per Share for Federal Tax Purposes Dividends per share for the years ended December 31, 2023, 2022 and 2021 were taxable as follows:
Common dividends per share:202320222021
Ordinary income$0.8464 $0.8025 $— 
Capital gain0.1236 — — 
Return of capital— — 0.7150 
$0.9700 $0.8025 $0.7150 
 
GAAP Reconciliation of Net Income to Taxable Income
The following reconciles net income available to the Company's shareholders to taxable income (loss) available to common shareholders for the years ended December 31, 2023, 2022 and 2021 (in thousands):
202320222021
Net income available to the Company's shareholders$99,151 $82,063 $9,118 
Book/tax difference on:
Depreciation and amortization(13,386)3,688 21,750 
Sale of assets and interests in unconsolidated entities(3,236)5,328 (92,998)
Equity in earnings from unconsolidated joint ventures2,668 12,511 (4,461)
Share-based payment compensation4,655 11,822 6,797 
Other differences6,239 1,851 8,914 
Taxable income (loss) available to common shareholders$96,091 $117,263 $(50,880)
 
Schedule of Supplemental Cash Flow Disclosures Expenditures included in accounts payable and accrued expenses were as follows for the years ended December 31, 2023, 2022 and 2021 (in thousands):
 202320222021
Costs relating to construction included in accounts payable and accrued expenses$29,193 $20,084 $11,663 

Interest paid, net of interest capitalized was as follows for the years ended December 31, 2023, 2022 and 2021 (in thousands):
202320222021
Interest paid, net of interest capitalized$46,923 $40,839 $45,114