2018 Form 10-K Financial Statement

#000002523219000006 Filed on February 06, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017
Revenue $475.2M $114.1M $466.2M
YoY Change 1.94% -0.17% 79.85%
Cost Of Revenue $164.7M $40.90M $163.9M
YoY Change 0.49% -12.42% 69.11%
Gross Profit $310.5M $73.20M $302.3M
YoY Change 2.72% 8.28% 86.26%
Gross Profit Margin 65.35% 64.15% 64.85%
Selling, General & Admin $25.80M $6.400M $31.10M
YoY Change -17.04% -29.67% 7.61%
% of Gross Profit 8.31% 8.74% 10.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $181.4M $44.20M $196.7M
YoY Change -7.81% -9.98% 100.87%
% of Gross Profit 58.41% 60.38% 65.08%
Operating Expenses $207.3M $50.60M $227.8M
YoY Change -9.0% -11.54% 79.65%
Operating Profit $326.1M $22.60M $313.2M
YoY Change 4.1% 117.31% 20.33%
Interest Expense $39.43M -$7.700M $33.52M
YoY Change 17.62% -23.76% 25.79%
% of Operating Profit 12.09% -34.07% 10.7%
Other Income/Expense, Net
YoY Change
Pretax Income $63.10M $28.10M $39.79M
YoY Change 58.61% -25.46% -248.81%
Income Tax
% Of Pretax Income
Net Earnings $80.77M $31.40M $220.0M
YoY Change -63.28% -14.91% 178.05%
Net Earnings / Revenue 17.0% 27.52% 47.18%
Basic Earnings Per Share $0.75 $2.08
Diluted Earnings Per Share $0.75 $294.0K $2.08
COMMON SHARES
Basic Shares Outstanding 105.1M shares 420.0M shares 103.9M shares
Diluted Shares Outstanding 106.9M shares 105.8M shares

Balance Sheet

Concept 2018 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.500M $148.9M $148.9M
YoY Change -98.32% 317.09% 317.09%
Cash & Equivalents $2.500M $148.9M $148.9M
Short-Term Investments
Other Short-Term Assets $5.100M $3.900M $3.900M
YoY Change 30.77% -53.57% -53.57%
Inventory
Prepaid Expenses
Receivables $13.80M $14.40M $14.40M
Other Receivables $83.10M $58.20M $58.20M
Total Short-Term Assets $104.5M $225.4M $225.4M
YoY Change -53.64% 102.7% 102.7%
LONG-TERM ASSETS
Property, Plant & Equipment $3.715B $3.630B $3.630B
YoY Change 2.33% 0.42% 0.42%
Goodwill $1.674M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $161.9M $101.4M $101.4M
YoY Change 59.66% -43.47% -43.48%
Other Assets $13.40M $60.30M $60.30M
YoY Change -77.78% 229.51% 229.51%
Total Long-Term Assets $4.042B $3.979B $3.979B
YoY Change 1.57% -2.0% -2.0%
TOTAL ASSETS
Total Short-Term Assets $104.5M $225.4M $225.4M
Total Long-Term Assets $4.042B $3.979B $3.979B
Total Assets $4.146B $4.205B $4.205B
YoY Change -1.39% 0.79% 0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.2M $137.9M $137.9M
YoY Change -20.09% 26.17% 26.17%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $110.2M $137.9M $137.9M
YoY Change -20.09% 26.17% 26.17%
LONG-TERM LIABILITIES
Long-Term Debt $1.063B $1.093B $1.093B
YoY Change -2.8% -20.83% -20.83%
Other Long-Term Liabilities $152.4M $148.4M $148.4M
YoY Change 2.7% -11.24% -11.24%
Total Long-Term Liabilities $1.215B $1.242B $1.242B
YoY Change -2.14% -19.8% -19.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.2M $137.9M $137.9M
Total Long-Term Liabilities $1.215B $1.242B $1.242B
Total Liabilities $1.380B $1.380B $1.433B
YoY Change -3.64% -16.77% -16.52%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.035B
YoY Change 5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $148.4M
YoY Change 0.0%
Treasury Stock Shares 10.33M shares
Shareholders Equity $2.766B $2.772B $2.772B
YoY Change
Total Liabilities & Shareholders Equity $4.146B $4.205B $4.205B
YoY Change -1.39% 0.79% 0.79%

Cashflow Statement

Concept 2018 2017 Q4 2017
OPERATING ACTIVITIES
Net Income $80.77M $31.40M $220.0M
YoY Change -63.28% -14.91% 178.05%
Depreciation, Depletion And Amortization $181.4M $44.20M $196.7M
YoY Change -7.81% -9.98% 100.87%
Cash From Operating Activities $229.0M $50.40M $211.6M
YoY Change 8.21% -3250.0% 79.82%
INVESTING ACTIVITIES
Capital Expenditures -$223.6M -$90.20M -$320.0M
YoY Change -30.13% 26.86% 65.37%
Acquisitions
YoY Change
Other Investing Activities $4.002M $209.7M $0.00
YoY Change -68.63%
Cash From Investing Activities -$284.5M $119.5M $112.1M
YoY Change -353.75% -79.99% -75.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$212.9M
YoY Change -100.0% -1649.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$147.6M -26.70M -$169.3M
YoY Change -12.84% -95.87% -68.56%
NET CHANGE
Cash From Operating Activities $229.0M 50.40M $211.6M
Cash From Investing Activities -$284.5M 119.5M $112.1M
Cash From Financing Activities -$147.6M -26.70M -$169.3M
Net Change In Cash -$203.1M 143.2M $154.4M
YoY Change -231.49% -384.69% 243.06%
FREE CASH FLOW
Cash From Operating Activities $229.0M $50.40M $211.6M
Capital Expenditures -$223.6M -$90.20M -$320.0M
Free Cash Flow $452.6M $140.6M $531.6M
YoY Change -14.86% 102.3% 70.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Treasury Stock Value
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P1Y
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CY2016 cuz Portion Of Dividends Declared In Subsequent Year And Paid In Subsequent Year Which Apply To Current Year Distribution Requirements
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CY2017 cuz Real Estate Deductions Gross
RealEstateDeductionsGross
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CY2018 cuz Real Estate Deductions Gross
RealEstateDeductionsGross
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CY2016 cuz Reimbursed Expenses
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3259000 USD
CY2017 cuz Reimbursed Expenses
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CY2018 cuz Reimbursed Expenses
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3782000 USD
CY2016 cuz Sec Schedule Iii Real Estate Accumulated Depreciation Transfers
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0 USD
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CY2018Q4 cuz Tenant And Other Receivables
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CY2016 cuz Transfer From Investment In Unconsolidated Joint Ventures To Operating Properties
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0 USD
CY2017 cuz Transfer From Investment In Unconsolidated Joint Ventures To Operating Properties
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CY2018 cuz Sec Schedule Iii Real Estate Accumulated Depreciation Transfers
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0 USD
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3000000000 USD
CY2016 cuz Sec Schedule Iii Real Estate Transfers
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5306000 USD
CY2017 cuz Sec Schedule Iii Real Estate Transfers
SECScheduleIIIRealEstateTransfers
0 USD
CY2018 cuz Sec Schedule Iii Real Estate Transfers
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0 USD
CY2018 cuz Transfer From Investment In Unconsolidated Joint Ventures To Operating Properties
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0 USD
CY2016 cuz Transfer From Investment In Unconsolidated Joint Ventures To Projects Under Development
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5880000 USD
CY2017 cuz Transfer From Investment In Unconsolidated Joint Ventures To Projects Under Development
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0 USD
CY2018 cuz Transfer From Investment In Unconsolidated Joint Ventures To Projects Under Development
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7025000 USD
CY2016 cuz Transfer From Land Held To Projects Under Development
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0 USD
CY2018 cuz Transfer From Land Held To Projects Under Development
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0 USD
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0 USD
CY2017 cuz Transferfrom Projects Under Developmentto Operating Properties
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58928000 USD
CY2018 cuz Transferfrom Projects Under Developmentto Operating Properties
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325490000 USD
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P3Y
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2018-12-31
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10-K
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false
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3996942489 USD
CY2018 dei Entity Registrant Name
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COUSINS PROPERTIES INC
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false
CY2018 dei Entity Small Business
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false
CY2018 dei Entity Voluntary Filers
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9000000 USD
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68700000 USD
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CY2018 us-gaap Interest Costs Incurred Capitalized
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4902000 USD
CY2016 us-gaap Interest Expense
InterestExpense
26650000 USD
CY2017 us-gaap Interest Expense
InterestExpense
33524000 USD
CY2018 us-gaap Interest Expense
InterestExpense
39430000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
32215000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
30572000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
43166000 USD
CY2018Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y
CY2017Q4 us-gaap Liabilities
Liabilities
1379508000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1325140000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4204619000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4146296000 USD
CY2016Q4 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.98
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
1093228000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
1062570000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
8274000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
97042000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
261258000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
33825000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
53138000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
55291000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
292550000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1807000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2653000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-538537000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-169335000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-147600000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
465849000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
112110000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-284484000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117702000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
211649000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
229034000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
995000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3684000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1601000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79109000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
216275000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79164000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
79893000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
219956000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
80509000 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
1856255000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 USD
CY2016 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
292337000 USD
CY2016 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
4126000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
2646000 USD
CY2018 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
3205000 USD
CY2018Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1100000000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
465000 USD
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
453000 USD
CY2016 us-gaap Notes Reduction
NotesReduction
20170000 USD
CY2017 us-gaap Notes Reduction
NotesReduction
0 USD
CY2018 us-gaap Notes Reduction
NotesReduction
0 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
260282000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
313206000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
326063000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
205643000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2582000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2374000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2396000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2461000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2484000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
193346000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2626176000 USD
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
6867357 shares
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
328607000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
256233000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
280959000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
314410000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
330477000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1115490000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2400000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3300000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3600000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
20854000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
39083000 USD
CY2016 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
25592000 USD
CY2017 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
27523000 USD
CY2018 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
22040000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
40534000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
54204000 USD
CY2016 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
5888000 USD
CY2017 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1796000 USD
CY2018 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
556000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4526000 USD
CY2017 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4002000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13743000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50548000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
99151000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
107167000 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2074000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6166000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
28531000 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
20080000 USD
CY2018 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
50933000 USD
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
21190000 USD
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
CY2018 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
68400000 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
286122000 USD
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1807000 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2653000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
6867000 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
6867000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3902000 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
6867357 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6867357 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6867357 shares
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5087000 USD
CY2016 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
12514000 USD
CY2018 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
212900000 USD
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4126000 USD
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2646000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1497000 USD
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
870000000 USD
CY2017 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
350000000 USD
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4195000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-557000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1709000 USD
CY2016 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
622643000 USD
CY2017 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
370944000 USD
CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
372000 USD
CY2016 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
716800000 USD
CY2017 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
589300000 USD
CY2018 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
8000000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
80104000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
219959000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
80765000 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
359422000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
215856000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
275977000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
421495000 USD
CY2016 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
0 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
0 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
0 USD
CY2016 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
148523000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2016 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
107320000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
41599000 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2016 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
CY2017 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
62723000 USD
CY2018 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
48920000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
3728025000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
393261000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
2854212000 USD
CY2018Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
405065000 USD
CY2016 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
602648000 USD
CY2017 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
287850000 USD
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2606343000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3814986000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3893799000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
4121286000 USD
CY2016 us-gaap Real Estate Improvements
RealEstateImprovements
208016000 USD
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
303940000 USD
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
178567000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
275977000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
421495000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3617822000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3699791000 USD
CY2016 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
1230235000 USD
CY2017 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2018 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2017Q4 us-gaap Rental Properties
RentalProperties
3332619000 USD
CY2018Q4 us-gaap Rental Properties
RentalProperties
3603011000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
674800000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
723300000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8000000 USD
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
907300000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
495913000 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
31402000 USD
CY2016Q4 us-gaap Restricted Cash
RestrictedCash
15634000 USD
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
56816000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
148000 USD
CY2016 us-gaap Revenues
Revenues
259211000 USD
CY2017 us-gaap Revenues
Revenues
466185000 USD
CY2018 us-gaap Revenues
Revenues
475212000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
112277000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
101720000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
145518000 USD
CY2018Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
873813000 USD
CY2018Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
-11804000 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
4526000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2466153 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
14000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
27.24
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
18.47
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
458000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
721000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
756000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
18.72
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1222000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1763000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2262000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
929000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
458000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.05
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.82
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.59
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.00
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.35
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.51
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.60
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.78
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
851000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y3M
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y1M
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2000 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
577000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
457000 shares
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1950008000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
211774000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
504000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
124000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-567000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
945000 USD
CY2016 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2017 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13743000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2771973000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2765865000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1683415000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2514240000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2825111000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2821156000 USD
CY2016 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
-1141061000 USD
CY2017 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
545000 USD
CY2016 us-gaap Straight Line Rent
StraightLineRent
25873000 USD
CY2017 us-gaap Straight Line Rent
StraightLineRent
40410000 USD
CY2018 us-gaap Straight Line Rent
StraightLineRent
32401000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10329082 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10339735 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6974000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
256023000 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
148473000 USD
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1950000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7375000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423297000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
427473000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
253895000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
415610000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
420305000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:10px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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