COUSINS PROPERTIES INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
CUZ$30.12+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets: | ||
| Real estate assets: | ||
| Operating properties, net of accumulated depreciation of $1,404,568 and $1,329,406 in 2024 and 2023, respectively | $6,937,210 | $6,775,093 |
| Projects under development | — | 132,884 |
| Land | 154,728 | 154,728 |
| 7,091,938 | 7,062,705 | |
| Cash and cash equivalents | 5,452 | 6,047 |
| Accounts receivable | 8,135 | 11,109 |
| Deferred rents receivable | 217,926 | 209,370 |
| Investment in unconsolidated joint ventures | 155,210 | 143,831 |
| Intangible assets, net | 105,559 | 110,667 |
| Other assets, net | 98,761 | 90,745 |
| Total assets | $7,682,981 | $7,634,474 |
| Liabilities: | ||
| Notes payable | $2,563,332 | $2,457,627 |
| Accounts payable and accrued expenses | 216,790 | 299,767 |
| Deferred income | 245,739 | 181,744 |
| Intangible liabilities, net | 40,115 | 42,193 |
| Other liabilities | 102,045 | 104,830 |
| Total liabilities | 3,168,021 | 3,086,161 |
| Commitments and contingencies | ||
| Equity: | ||
| Stockholders' investment: | ||
| Common stock, $1 par value per share, 300,000,000 shares authorized, 152,071,718 and 154,335,798 issued, and 152,071,718 and 151,799,215 outstanding in 2024 and 2023, respectively | 152,072 | 154,336 |
| Additional paid-in capital | 5,496,371 | 5,638,709 |
| Treasury stock at cost, 2,536,583 shares in 2023 | — | (145,696) |
| Distributions in excess of cumulative net income | (1,160,759) | (1,125,390) |
| Accumulated other comprehensive income | 3,187 | 2,192 |
| Total stockholders' investment | 4,490,871 | 4,524,151 |
| Nonredeemable noncontrolling interests | 24,089 | 24,162 |
| Total equity | 4,514,960 | 4,548,313 |
| Total liabilities and equity | $7,682,981 | $7,634,474 |
| See accompanying notes. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.