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Note 22 - Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Book to Tax Reconciliation [Table Text Block] |
|  | 20 20 |  |  | 201 9 |  |  | 201 8 |
|  | (Estimated) |  |  | (Actual) |  |  | (Actual) |
GAAP net income attributable to the Company |  | $ | 1,000,833 |  |  | $ | 410,605 |  |  | $ | 497,795 |
GAAP net (income)/loss attributable to TRSs |  |  | (960 | ) |  |  | 1,119 |  |  |  | (2,436 | )
GAAP net income from REIT operations (1) |  |  | 999,873 |  |  |  | 411,724 |  |  |  | 495,359 |
Net book depreciation in excess of tax depreciation |  |  | (61,272 | ) |  |  | 55,903 |  |  |  | 46,754 |
Capitalized leasing/legal commissions |  |  | - |  |  |  | - |  |  |  | (15,268 | )
Deferred/prepaid/above-market and below-market rents, net |  |  | (16,891 | ) |  |  | (33,287 | ) |  |  | (23,466 | )
Fair market value debt amortization |  |  | (3,847 | ) |  |  | (4,510 | ) |  |  | (5,268 | )
Book/tax differences from executive compensation (2) |  |  | 10,388 |  |  |  | 6,026 |  |  |  | 5,460 |
Book/tax differences from non-qualified stock options |  |  | (231 | ) |  |  | (1,121 | ) |  |  | (112 | )
Book/tax differences from investments in and advances to real estate joint ventures |  |  | 45,782 |  |  |  | 4,837 |  |  |  | 22,263 |
Book/tax differences from sale of properties |  |  | (10,494 | ) |  |  | (13,830 | ) |  |  | (13,612 | )
Book/tax differences from accounts receivable |  |  | 45,175 |  |  |  | 1,573 |  |  |  | 1,636 |
Book adjustment to property carrying values and marketable equity securities |  |  | (588,777 | ) |  |  | 37,709 |  |  |  | 59,866 |
Taxable currency exchange (loss)/gain, net |  |  | (29 | ) |  |  | (33 | ) |  |  | 929 |
Tangible property regulation deduction |  |  | (50,597 | ) |  |  | - |  |  |  | (40,361 | )
GAAP gain on change in control of joint venture interests |  |  | - |  |  |  | (137 | ) |  |  | (6,800 | )
Dividends from TRSs |  |  | 2 |  |  |  | 3,331 |  |  |  | 526 |
Severance accrual |  |  | 6,425 |  |  |  | (475 | ) |  |  | 913 |
Other book/tax differences, net |  |  | (1,097 | ) |  |  | (3,946 | ) |  |  | (1,774 | )
Adjusted REIT taxable income |  | $ | 374,410 |  |  | $ | 463,764 |  |  | $ | 527,045 |
Taxable Characteristics of Distributions Paid [Table Text Block] |
|  | 20 20 |  |  | 2019 |  |  | 201 8 |
Preferred I Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary income |  | $ | - |  |  |  | - |  |  | $ | 7,389 |  |  |  | 77 | % |  | $ | 5,565 |  |  |  | 53 | %
Capital gain |  |  | - |  |  |  | - |  |  |  | 2,207 |  |  |  | 23 | % |  |  | 4,935 |  |  |  | 47 | %
|  | $ | - |  |  |  | - |  |  | $ | 9,596 |  |  |  | 100 | % |  | $ | 10,500 |  |  |  | 100 | %
Preferred J Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary income |  | $ | - |  |  |  | - |  |  | $ | 11,541 |  |  |  | 77 | % |  | $ | 6,559 |  |  |  | 53 | %
Capital gain |  |  | - |  |  |  | - |  |  |  | 3,447 |  |  |  | 23 | % |  |  | 5,816 |  |  |  | 47 | %
|  | $ | - |  |  |  | - |  |  | $ | 14,988 |  |  |  | 100 | % |  | $ | 12,375 |  |  |  | 100 | %
Preferred K Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary income |  | $ | - |  |  |  | - |  |  | $ | 6,927 |  |  |  | 77 | % |  | $ | 5,217 |  |  |  | 53 | %
Capital gain |  |  | - |  |  |  | - |  |  |  | 2,069 |  |  |  | 23 | % |  |  | 4,627 |  |  |  | 47 | %
|  | $ | - |  |  |  | - |  |  | $ | 8,996 |  |  |  | 100 | % |  | $ | 9,844 |  |  |  | 100 | %
Preferred L Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary income |  | $ | 4,382 |  |  |  | 38 | % |  | $ | 8,879 |  |  |  | 77 | % |  | $ | 6,111 |  |  |  | 53 | %
Capital gain |  |  | 7,149 |  |  |  | 62 | % |  |  | 2,652 |  |  |  | 23 | % |  |  | 5,420 |  |  |  | 47 | %
|  | $ | 11,531 |  |  |  | 100 | % |  | $ | 11,531 |  |  |  | 100 | % |  | $ | 11,531 |  |  |  | 100 | %
Preferred M Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary income |  | $ | 5,277 |  |  |  | 38 | % |  | $ | 10,692 |  |  |  | 77 | % |  | $ | 6,031 |  |  |  | 53 | %
Capital gain |  |  | 8,609 |  |  |  | 62 | % |  |  | 3,194 |  |  |  | 23 | % |  |  | 5,348 |  |  |  | 47 | %
|  | $ | 13,886 |  |  |  | 100 | % |  | $ | 13,886 |  |  |  | 100 | % |  | $ | 11,379 |  |  |  | 100 | %
Common Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ordinary income |  | $ | 133,849 |  |  |  | 38 | % |  | $ | 328,726 |  |  |  | 70 | % |  | $ | 235,642 |  |  |  | 50 | %
Capital gain |  |  | 214,863 |  |  |  | 61 | % |  |  | 98,618 |  |  |  | 21 | % |  |  | 212,077 |  |  |  | 45 | %
Return of capital |  |  | 3,522 |  |  |  | 1 | % |  |  | 42,265 |  |  |  | 9 | % |  |  | 23,564 |  |  |  | 5 | %
|  | $ | 352,234 |  |  |  | 100 | % |  | $ | 469,609 |  |  |  | 100 | % |  | $ | 471,283 |  |  |  | 100 | %
Total dividends distributed for tax purposes |  | $ | 377,651 |  |  |  |  |  |  | $ | 528,606 |  |  |  |  |  |  | $ | 526,912 |  |  |  |  |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | 20 20 |  |  | 201 9 |  |  | 201 8 |
Income/(loss) before income taxes – U.S. |  | $ | 1,051 |  |  | $ | (1,682 | ) |  | $ | 4,331 |
(Provision)/benefit for income taxes, net: |  |  |  |  |  |  |  |  |  |  |  |
Federal: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | (482 | ) |  |  | 3,362 |  |  |  | (1,221 | )
Deferred |  |  | 539 |  |  |  | (349 | ) |  |  | (1,198 | )
Federal tax benefit/(provision) |  |  | 57 |  |  |  | 3,013 |  |  |  | (2,419 | )
State and local: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | (48 | ) |  |  | (26 | ) |  |  | (43 | )
Deferred |  |  | 34 |  |  |  | (19 | ) |  |  | (414 | )
State and local tax provision |  |  | (14 | ) |  |  | (45 | ) |  |  | (457 | )
Total tax benefit/(provision)– U.S. |  |  | 43 |  |  |  | 2,968 |  |  |  | (2,876 | )
Net income from U.S. TRSs |  | $ | 1,094 |  |  | $ | 1,286 |  |  | $ | 1,455 |
(Loss)/income before taxes – Non-U.S. |  | $ | (64 | ) |  | $ | (599 | ) |  | $ | 2,384 |
Benefit/(provision) for Non-U.S. income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 479 |  |  | $ | (69 | ) |  | $ | 1,634 |
Deferred |  |  | - |  |  |  | 418 |  |  |  | (358 | )
Non-U.S. tax benefit |  | $ | 479 |  |  | $ | 349 |  |  | $ | 1,276 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Federal (provision)/benefit at statutory tax rate (1) (2) |  | $ | (221 | ) |  | $ | 3,010 |  |  | $ | (2,490 | )
State and local provision, net of federal benefit (3) (4) |  |  | (1,236 | ) |  |  | (42 | ) |  |  | (386 | )
Total tax (provision)/benefit – U.S. |  | $ | (1,457 | ) |  | $ | 2,968 |  |  | $ | (2,876 | )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
Tax/GAAP basis differences |  | $ | 29,105 |  |  | $ | 29,618 |
Net operating losses (1) |  |  | 17,885 |  |  |  | 20,917 |
Tax credit carryforwards (2) |  |  | 2,340 |  |  |  | 2,340 |
Capital loss carryforwards |  |  | - |  |  |  | 2,270 |
Related party deferred losses |  |  | 619 |  |  |  | 619 |
Charitable contribution carryforwards |  |  | 23 |  |  |  | 23 |
Valuation allowance |  |  | (36,957 | ) |  |  | (42,703 | )
Total deferred tax assets |  |  | 13,015 |  |  |  | 13,084 |
Deferred tax liabilities |  |  | (12,765 | ) |  |  | (12,844 | )
Net deferred tax assets |  | $ | 250 |  |  | $ | 240 |

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