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Note 25 - Income Taxes (Tables) | 12 Months Ended
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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 | )

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