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Note 24 - Income Taxes (Tables) | 12 Months Ended
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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 | )

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