2021 Q4 Form 10-Q Financial Statement

#000002523221000071 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $190.2M $188.7M $183.4M
YoY Change 3.85% 2.92% -2.62%
Cost Of Revenue $64.29M $65.35M $62.84M
YoY Change 3.53% 3.99% -4.27%
Gross Profit $125.9M $123.4M $120.5M
YoY Change 3.93% 2.36% -1.75%
Gross Profit Margin 66.19% 65.37% 65.73%
Selling, General & Admin $8.634M $8.351M $6.000M
YoY Change 15.12% 39.18% -15.49%
% of Gross Profit 6.86% 6.77% 4.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.69M $72.07M $71.50M
YoY Change 1.51% 0.8% -12.82%
% of Gross Profit 58.55% 58.42% 59.32%
Operating Expenses $82.33M $80.42M $77.50M
YoY Change 2.65% 3.77% -13.12%
Operating Profit $43.54M $124.1M $120.0M
YoY Change 6.44% 3.44% -0.52%
Interest Expense -$16.53M $16.71M $15.06M
YoY Change 4.63% 10.96% 2.44%
% of Operating Profit -37.97% 13.46% 12.55%
Other Income/Expense, Net
YoY Change
Pretax Income $166.5M $52.01M $26.60M
YoY Change 1548.65% 95.52% 52.0%
Income Tax
% Of Pretax Income
Net Earnings $167.3M $54.02M $28.12M
YoY Change 1407.25% 92.13% 37.99%
Net Earnings / Revenue 87.98% 28.62% 15.33%
Basic Earnings Per Share $0.36 $0.19
Diluted Earnings Per Share $1.120M $0.36 $0.19
COMMON SHARES
Basic Shares Outstanding 148.7M shares 148.7M shares 148.6M shares
Diluted Shares Outstanding 148.8M shares 148.6M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.937M $5.532M $36.90M
YoY Change 107.84% -85.01% 197.58%
Cash & Equivalents $8.937M $5.532M $36.87M
Short-Term Investments
Other Short-Term Assets $6.998M $9.368M $7.700M
YoY Change 14.72% 21.66% -19.79%
Inventory
Prepaid Expenses
Receivables $12.55M $13.21M $18.60M
Other Receivables $154.9M $152.3M $132.7M
Total Short-Term Assets $183.4M $180.4M $195.9M
YoY Change 8.49% -7.92% 28.88%
LONG-TERM ASSETS
Property, Plant & Equipment $6.853B $6.493B $6.322B
YoY Change 5.93% 2.7% 4.77%
Goodwill $1.674M $1.674M $1.674M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $77.81M $111.4M $129.8M
YoY Change -37.99% -14.22% -30.24%
Other Assets $29.15M $34.46M $25.70M
YoY Change -80.72% 34.07% -63.75%
Total Long-Term Assets $7.129B $6.797B $6.691B
YoY Change 2.74% 1.59% 2.11%
TOTAL ASSETS
Total Short-Term Assets $183.4M $180.4M $195.9M
Total Long-Term Assets $7.129B $6.797B $6.691B
Total Assets $7.312B $6.977B $6.887B
YoY Change 2.88% 1.32% 2.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $224.5M $203.6M $183.0M
YoY Change 20.52% 11.27% -18.88%
Accrued Expenses $49.47M $58.55M $59.00M
YoY Change -15.58% -0.77% -15.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $102.4M $4.000M
YoY Change -61.56% 42.86%
Total Short-Term Liabilities $376.4M $262.2M $246.0M
YoY Change -26.38% 6.57% -17.59%
LONG-TERM LIABILITIES
Long-Term Debt $2.135B $2.048B $1.931B
YoY Change 12.59% 6.04% 4.49%
Other Long-Term Liabilities $200.1M $190.0M $182.6M
YoY Change -2.04% 4.08% -12.42%
Total Long-Term Liabilities $2.335B $2.238B $2.114B
YoY Change 11.16% 5.87% 2.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $376.4M $262.2M $246.0M
Total Long-Term Liabilities $2.335B $2.238B $2.114B
Total Liabilities $2.712B $2.500B $2.360B
YoY Change 3.82% 5.95% 0.19%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $5.701B $5.699B $5.693B
YoY Change 0.12% 0.11% 0.89%
Preferred Stock
YoY Change
Treasury Stock (at cost) $148.5M $148.5M $148.5M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 2.585M shares 2.585M shares 2.585M shares
Shareholders Equity $4.567B $4.445B $4.500B
YoY Change
Total Liabilities & Shareholders Equity $7.312B $6.977B $6.887B
YoY Change 2.88% 1.32% 2.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $167.3M $54.02M $28.12M
YoY Change 1407.25% 92.13% 37.99%
Depreciation, Depletion And Amortization $73.69M $72.07M $71.50M
YoY Change 1.51% 0.8% -12.82%
Cash From Operating Activities $90.89M $130.9M $125.4M
YoY Change -1.31% 4.38% 3.98%
INVESTING ACTIVITIES
Capital Expenditures -$299.6M -$372.2M -$70.60M
YoY Change -4.44% 427.24% -15.25%
Acquisitions
YoY Change
Other Investing Activities $159.9M $284.5M $100.0K
YoY Change 5822.48% 284372.0% -101.23%
Cash From Investing Activities -$139.7M -$87.76M -$70.50M
YoY Change -55.06% 24.49% -22.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.17M -47.41M -46.40M
YoY Change -71.97% 2.19% 62.24%
NET CHANGE
Cash From Operating Activities 90.89M 130.9M 125.4M
Cash From Investing Activities -139.7M -87.76M -70.50M
Cash From Financing Activities 52.17M -47.41M -46.40M
Net Change In Cash 3.400M -4.280M 8.500M
YoY Change -110.43% -150.35% 1316.67%
FREE CASH FLOW
Cash From Operating Activities $90.89M $130.9M $125.4M
Capital Expenditures -$299.6M -$372.2M -$70.60M
Free Cash Flow $390.5M $503.1M $196.0M
YoY Change -3.73% 156.7% -3.87%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4495538000 USD
us-gaap Profit Loss
ProfitLoss
111507000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
552000 USD
cuz Amortization Of Stock Options And Restricted Stock Net Of Forfeitures
AmortizationOfStockOptionsAndRestrictedStockNetOfForfeitures
-4618000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5017000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1197000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.93
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
138493000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4477542000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4427835000 USD
us-gaap Profit Loss
ProfitLoss
226800000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-307000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
cuz Amortization Of Stock Options And Restricted Stock Net Of Forfeitures
AmortizationOfStockOptionsAndRestrictedStockNetOfForfeitures
-3354000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
4133000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1020000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.90
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
133702000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4527093000 USD
us-gaap Profit Loss
ProfitLoss
111507000 USD
cuz Income Loss From Unconsolidated Joint Ventures
IncomeLossFromUnconsolidatedJointVentures
13160000 USD
us-gaap Profit Loss
ProfitLoss
226800000 USD
cuz Income Loss From Unconsolidated Joint Ventures
IncomeLossFromUnconsolidatedJointVentures
45940000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
13037000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
90192000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
214399000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
215980000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-356000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-671000 USD
cuz Net Amortization Of Stock Options And Restricted Stock
NetAmortizationOfStockOptionsAndRestrictedStock
5959000 USD
cuz Net Amortization Of Stock Options And Restricted Stock
NetAmortizationOfStockOptionsAndRestrictedStock
4415000 USD
us-gaap Straight Line Rent
StraightLineRent
27838000 USD
us-gaap Straight Line Rent
StraightLineRent
41614000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5826000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6751000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9085000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5940000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3178000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
715000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14676000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8245000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
298587000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
259007000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
-389777000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
-435539000 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
67143000 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
52815000 USD
cuz Payments To Acquire And Develop Real Estate And Tenant Asset Expenditures
PaymentsToAcquireAndDevelopRealEstateAndTenantAssetExpenditures
488243000 USD
cuz Payments To Acquire And Develop Real Estate And Tenant Asset Expenditures
PaymentsToAcquireAndDevelopRealEstateAndTenantAssetExpenditures
306102000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
25955000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
46038000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3752000 USD
cuz Increase Decrease Notes Receivable And Other Assets
IncreaseDecreaseNotesReceivableAndOtherAssets
0 USD
cuz Increase Decrease Notes Receivable And Other Assets
IncreaseDecreaseNotesReceivableAndOtherAssets
167000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51406000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
178333000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
329000000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
319500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
527400000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
571000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
12214000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
34710000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3014000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
70000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
5017000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4133000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1197000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1020000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
136743000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
131694000 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
350000000 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
250000000 USD
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1368000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-246551000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-416229000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
630000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21111000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6138000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17608000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6768000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38719000 USD
cuz Distribution Of Taxable Income To Qualify As Reit Minimum
DistributionOfTaxableIncomeToQualifyAsREITMinimum
1
CY2021Q3 cuz Portfolio Of Real Estate Assets Office Space Area
PortfolioOfRealEstateAssetsOfficeSpaceArea
18500000 sqft
CY2021Q3 cuz Portfolio Of Real Estate Assets Retail Space Area
PortfolioOfRealEstateAssetsRetailSpaceArea
620000 sqft
CY2021Q3 us-gaap Goodwill
Goodwill
1674000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1674000 USD
CY2021Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
158189000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
189164000 USD
CY2021Q3 cuz Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
56521000 USD
CY2020Q4 cuz Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
69846000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24600000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33700000 USD
CY2021Q3 cuz Furniture Fixture And Equipment And Leasehold Improvements Accumulated Depreciation
FurnitureFixtureAndEquipmentAndLeaseholdImprovementsAccumulatedDepreciation
18886000 USD
CY2020Q4 cuz Furniture Fixture And Equipment And Leasehold Improvements Accumulated Depreciation
FurnitureFixtureAndEquipmentAndLeaseholdImprovementsAccumulatedDepreciation
32582000 USD
CY2021Q3 cuz Furniture Fixture And Equipment And Leasehold Improvements
FurnitureFixtureAndEquipmentAndLeaseholdImprovements
14891000 USD
CY2020Q4 cuz Furniture Fixture And Equipment And Leasehold Improvements
FurnitureFixtureAndEquipmentAndLeaseholdImprovements
17211000 USD
CY2021Q3 cuz Predevelopment Costs And Earnest Money
PredevelopmentCostsAndEarnestMoney
24988000 USD
CY2020Q4 cuz Predevelopment Costs And Earnest Money
PredevelopmentCostsAndEarnestMoney
17841000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9368000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6095000 USD
CY2021Q3 cuz Accumulated Amortization Incentives To Lessees
AccumulatedAmortizationIncentivesToLessees
3678000 USD
CY2020Q4 cuz Accumulated Amortization Incentives To Lessees
AccumulatedAmortizationIncentivesToLessees
3316000 USD
CY2021Q3 us-gaap Incentive To Lessee
IncentiveToLessee
6347000 USD
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
5771000 USD
CY2021Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
5597000 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
4461000 USD
CY2021Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1885000 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3021000 USD
CY2021Q3 us-gaap Other Assets
OtherAssets
57479000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
49939000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2049680000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2160293000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
4826000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
7574000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6907000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5148000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
2047599000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2162719000 USD
cuz Debt Instrument Weighted Average Maturity Period
DebtInstrumentWeightedAverageMaturityPeriod
P4Y4M20D
CY2021Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2200000000 USD
CY2020Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2300000000 USD
CY2021Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
18181000 USD
CY2020Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
17780000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
54775000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
56944000 USD
CY2021Q3 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
1472000 USD
CY2020Q3 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
2722000 USD
us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
4202000 USD
us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
11989000 USD
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
16709000 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
15058000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
50573000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
44955000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
58547000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
58619000 USD
CY2021Q3 us-gaap Advance Rent
AdvanceRent
32801000 USD
CY2020Q4 us-gaap Advance Rent
AdvanceRent
30479000 USD
CY2021Q3 us-gaap Lease Deposit Liability
LeaseDepositLiability
12806000 USD
CY2020Q4 us-gaap Lease Deposit Liability
LeaseDepositLiability
13098000 USD
CY2021Q3 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
6683000 USD
CY2020Q4 us-gaap Deferred Compensation Sharebased Arrangements Liability Current And Noncurrent
DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent
10613000 USD
CY2021Q3 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
4763000 USD
CY2020Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
5294000 USD
CY2021Q3 us-gaap Other Liabilities
OtherLiabilities
115600000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
118103000 USD
CY2021Q3 cuz Outstanding Letters Of Credit And Performance Bonds
OutstandingLettersOfCreditAndPerformanceBonds
527000 USD
CY2021Q3 cuz Outstanding Commitments To Fund Real Estate Projects
OutstandingCommitmentsToFundRealEstateProjects
244000000 USD
CY2021Q3 cuz Sale Of Stock Number Of Participating Financial Institutions
SaleOfStockNumberOfParticipatingFinancialInstitutions
6 financial_institution
CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1700000 shares
CY2020Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
1700000 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2555000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1533000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7153000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4717000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
54136000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
28255000 USD
us-gaap Profit Loss
ProfitLoss
111507000 USD
us-gaap Profit Loss
ProfitLoss
226800000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54018000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28115000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
111281000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
226159000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148688000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148566000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148659000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148181000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
CY2021Q3 us-gaap Profit Loss
ProfitLoss
54136000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
28255000 USD
us-gaap Profit Loss
ProfitLoss
111507000 USD
us-gaap Profit Loss
ProfitLoss
226800000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
54027000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
28120000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
111301000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
226471000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148688000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148566000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148659000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148181000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
25000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
25000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
25000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
388000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148772000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148606000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148743000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148586000 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.52
us-gaap Interest Paid Net
InterestPaidNet
61235000 USD
us-gaap Interest Paid Net
InterestPaidNet
56761000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
155000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
cuz Transfer Of Operating Properties To Held For Sale
TransferOfOperatingPropertiesToHeldForSale
249365000 USD
cuz Transfer Of Operating Properties To Held For Sale
TransferOfOperatingPropertiesToHeldForSale
0 USD
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
46319000 USD
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
44569000 USD
cuz Transfer From Projects Under Development To Operating Properties
TransferFromProjectsUnderDevelopmentToOperatingProperties
0 USD
cuz Transfer From Projects Under Development To Operating Properties
TransferFromProjectsUnderDevelopmentToOperatingProperties
443932000 USD
us-gaap Transfer Of Investments
TransferOfInvestments
0 USD
us-gaap Transfer Of Investments
TransferOfInvestments
29121000 USD
cuz Change In Accrued Property Acquisition Development And Tenant Asset Expenditures
ChangeInAccruedPropertyAcquisitionDevelopmentAndTenantAssetExpenditures
0 USD
cuz Change In Accrued Property Acquisition Development And Tenant Asset Expenditures
ChangeInAccruedPropertyAcquisitionDevelopmentAndTenantAssetExpenditures
35707000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5532000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4290000 USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1236000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
1848000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6768000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6138000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
124148000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
120016000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
369977000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
369977000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
364930000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
124148000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
120016000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
369977000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
369977000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
364930000 USD
CY2021Q3 cuz Net Operating Income From Unconsolidated Joint Ventures
NetOperatingIncomeFromUnconsolidatedJointVentures
-5762000 USD
CY2020Q3 cuz Net Operating Income From Unconsolidated Joint Ventures
NetOperatingIncomeFromUnconsolidatedJointVentures
-4208000 USD
cuz Net Operating Income From Unconsolidated Joint Ventures
NetOperatingIncomeFromUnconsolidatedJointVentures
-15953000 USD
cuz Net Operating Income From Unconsolidated Joint Ventures
NetOperatingIncomeFromUnconsolidatedJointVentures
-14436000 USD
CY2021Q3 cuz Reimbursed Expenses
ReimbursedExpenses
383000 USD
CY2020Q3 cuz Reimbursed Expenses
ReimbursedExpenses
373000 USD
cuz Reimbursed Expenses
ReimbursedExpenses
1149000 USD
cuz Reimbursed Expenses
ReimbursedExpenses
1216000 USD
CY2021Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
7968000 USD
CY2020Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
5658000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
22014000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
19853000 USD
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
16709000 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
15058000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
50573000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
44955000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72073000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
71498000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
214399000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
215980000 USD
CY2021Q3 us-gaap Acquisition Costs
AcquisitionCosts
0 USD
CY2020Q3 us-gaap Acquisition Costs
AcquisitionCosts
0 USD
us-gaap Acquisition Costs
AcquisitionCosts
0 USD
us-gaap Acquisition Costs
AcquisitionCosts
428000 USD
CY2021Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
421000 USD
CY2020Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
723000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1835000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1841000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2128000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1611000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5826000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6751000 USD
CY2021Q3 cuz Income Loss From Unconsolidated Joint Ventures
IncomeLossFromUnconsolidatedJointVentures
13121000 USD
CY2020Q3 cuz Income Loss From Unconsolidated Joint Ventures
IncomeLossFromUnconsolidatedJointVentures
-59000 USD
cuz Income Loss From Unconsolidated Joint Ventures
IncomeLossFromUnconsolidatedJointVentures
13160000 USD
cuz Income Loss From Unconsolidated Joint Ventures
IncomeLossFromUnconsolidatedJointVentures
45940000 USD
CY2021Q3 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
13063000 USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
-523000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
13037000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
90192000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
54136000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
28255000 USD
us-gaap Profit Loss
ProfitLoss
111507000 USD
us-gaap Profit Loss
ProfitLoss
226800000 USD

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