COUSINS PROPERTIES INC
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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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.
Jun 30, 2024 · Filed Jul 25, 2024
CUZ$30.12+1.8%Stored close · as of Nov 9, 2026
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CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| Assets: | ||
| Real estate assets: | ||
| Operating properties, net of accumulated depreciation of $1,476,681 and $1,329,406 in 2024 and 2023, respectively | $6,917,570 | $6,775,093 |
| Projects under development | — | 132,884 |
| Land | 154,727 | 154,728 |
| 7,072,297 | 7,062,705 | |
| Cash and cash equivalents | 5,954 | 6,047 |
| Investments in real estate debt, at fair value | 27,585 | — |
| Accounts receivable | 16,348 | 11,109 |
| Deferred rents receivable | 221,268 | 209,370 |
| Investment in unconsolidated joint ventures | 160,873 | 143,831 |
| Intangible assets, net | 98,472 | 110,667 |
| Other assets, net | 97,731 | 90,745 |
| Total assets | $7,700,528 | $7,634,474 |
| Liabilities: | ||
| Notes payable | $2,586,732 | $2,457,627 |
| Accounts payable and accrued expenses | 236,786 | 299,767 |
| Deferred income | 263,420 | 181,744 |
| Intangible liabilities, net | 38,044 | 42,193 |
| Other liabilities | 98,042 | 104,830 |
| Total liabilities | 3,223,024 | 3,086,161 |
| Commitments and contingencies | ||
| Equity: | ||
| Stockholders' investment: | ||
| Common stock, $1 par value per share, 300,000,000 shares authorized, 152,140,188 and 154,335,798 issued, and 152,140,188 and 151,799,215 outstanding in 2024 and 2023, respectively | 152,140 | 154,336 |
| Additional paid-in capital | 5,500,937 | 5,638,709 |
| Treasury stock at cost, 2,536,583 shares in 2023 | — | (145,696) |
| Distributions in excess of cumulative net income | (1,202,222) | (1,125,390) |
| Accumulated other comprehensive income | 2,767 | 2,192 |
| Total stockholders' investment | 4,453,622 | 4,524,151 |
| Nonredeemable noncontrolling interests | 23,882 | 24,162 |
| Total equity | 4,477,504 | 4,548,313 |
| Total liabilities and equity | $7,700,528 | $7,634,474 |
| See accompanying notes. | ||
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