CUZ · Cousins Properties Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · CUZ

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$993.82M	$856.76M	$802.87M	$762.29M	$755.07M	$740.34M
Cost of Revenue	$314.50M	$280.66M	$266.43M	$258.37M	$259.46M	$250.85M
Gross Profit	$679.32M	$576.10M	$536.44M	$503.92M	$495.61M	$489.49M
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$944.40M	$807.48M	$721.86M	$658.97M	$648.51M	$646.07M
D&A	$415.36M	$365.05M	$314.90M	$295.59M	$288.09M	$288.65M
Operating Income	$673.31M	$570.32M	$531.09M	$502.20M	$493.72M	$486.03M
Interest Expense	$159.24M	$122.48M	$105.46M	$72.54M	$67.03M	$60.60M
Income Tax	-	-	-	-	-	-
Net Income	$40.50M	$45.96M	$82.96M	$237.28M	$278.59M	$237.28M
EPS - Basic	$0.24	$0.30	$0.55	$1.11	$1.87	$1.60
EPS - Diluted	$0.24	$0.30	$0.55	$1.11	$1.87	$1.60

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$5.72M	$7.35M	$6.05M	$5.14M	$8.94M	$4.29M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$8.89B	$8.80B	$7.63B	$7.54B	$7.31B	$7.11B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$3.34B	$3.10B	$2.46B	$2.33B	$2.24B	$2.16B
Total Liabilities	$4.19B	$3.93B	$3.09B	$2.89B	$2.71B	$2.61B
Stockholders' Equity	$4.68B	$4.85B	$4.52B	$4.63B	$4.57B	$4.47B
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$402.27M	$400.23M	$368.36M	$365.17M	$389.48M	$351.09M
Investing Cash Flow	($425.66M)	($1.31B)	($295.74M)	($334.50M)	($191.07M)	($132.46M)
Financing Cash Flow	$21.76M	$906.47M	($71.72M)	($35.69M)	($194.38M)	($230.09M)
CapEx	$267.23M	$252.73M	-	-	-	-
Free Cash Flow	$135.04M	$147.50M	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	68.4%	67.2%	66.8%	66.1%	65.6%	66.1%
Operating margin	67.8%	66.6%	66.1%	65.9%	65.4%	65.7%
EBITDA margin	109.5%	109.2%	105.4%	104.7%	103.5%	104.6%
Net margin	4.1%	5.4%	10.3%	31.1%	36.9%	32.0%
Free cash flow margin	13.6%	17.2%	-	-	-	-
FCF / Net income	3.33	3.21	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	-	-	-	-	-	-
Return on assets	0.5%	0.5%	1.1%	3.1%	3.8%	3.3%
Return on equity	0.9%	0.9%	1.8%	5.1%	6.1%	5.3%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	0.71	0.64	0.54	0.50	0.49	0.48
Debt / Assets	0.38	0.35	0.32	0.31	0.31	0.30
Debt / EBITDA	3.07	3.31	2.91	2.93	2.86	2.79
Interest coverage	4.2x	4.7x	5.0x	6.9x	7.4x	8.0x
Equity multiplier	1.90	1.82	1.69	1.63	1.60	1.59
Liabilities / Assets	0.47	0.45	0.40	0.38	0.37	0.37
Efficiency
Asset turnover	0.11	0.10	0.11	0.10	0.10	0.10
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	107.4x	102.1x	44.3x	22.8x	21.5x	20.9x
P / B	0.9x	1.0x	0.8x	0.8x	1.3x	1.1x
P / S	4.4x	5.5x	4.6x	5.0x	7.9x	6.7x
EV / EBITDA	7.1x	8.3x	7.3x	7.7x	10.5x	9.2x
Growth
Revenue growth (YoY)	16.0%	6.7%	5.3%	1.0%	2.0%	12.6%
Revenue CAGR (3y)	9.2%	4.3%	2.7%	5.1%	16.7%	16.7%
Revenue CAGR (5y)	6.1%	5.4%	11.1%	10.3%	23.8%	14.2%
Gross profit growth (YoY)	17.9%	7.4%	6.5%	1.7%	1.3%	12.4%
Operating income growth (YoY)	18.1%	7.4%	5.8%	1.7%	1.6%	12.6%
Net income growth (YoY)	-11.9%	-44.6%	-65.0%	-14.8%	17.4%	57.7%
EPS growth (YoY)	-20.0%	-45.5%	-50.5%	-40.6%	16.9%	36.8%
EPS CAGR (3y)	-40.0%	-45.7%	-29.9%	-1.7%	114.3%	45.4%
EPS CAGR (5y)	-31.6%	-23.8%	23.7%	16.4%	43.3%	-
FCF growth (YoY)	-8.4%	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-3.4%	7.1%	-2.2%	1.3%	2.2%	2.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$1.52B total

Rental Properties$980.55M · 64.6%

Variable Rental Revenue$274.70M · 18.1%

Tenant Reimbursements$197.00M · 13.0%

Tenant Funded Improvements$34.60M · 2.3%

Fee And Other Revenue$13.30M · 0.9%

Product And Service Other$11.22M · 0.7%

Termination Fee$5.09M · 0.3%

Fees$2.04M · 0.1%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

Company	Revenue (last FY)	Net margin	ROE
UMH	$261.75M	2.3%	0.7%
ARE	-	-	-9.2%
VTR	$5.83B	4.3%	2.0%
SPG	$6.36B	72.7%	88.8%
NYSE: KRC	$1.11B	0.0%	0.0%

Comparing COUSINS PROPERTIES INC against the 5 most active filers in the same SIC group.

Dividends

$1.28/share trailing 12 months · 0.0% YoY

Ex-date	Per share
Apr 7, 2026	$0.3200
Jan 5, 2026	$0.3200
Oct 3, 2025	$0.3200
Jul 7, 2025	$0.3200
Apr 3, 2025	$0.3200
Jan 3, 2025	$0.3200
Oct 3, 2024	$0.3200
Jul 3, 2024	$0.3200
Apr 3, 2024	$0.3200
Jan 3, 2024	$0.3200
Oct 3, 2023	$0.3200
Jul 5, 2023	$0.3200
Apr 4, 2023	$0.3200
Jan 3, 2023	$0.3200
Oct 4, 2022	$0.3200
Jul 5, 2022	$0.3200
Apr 4, 2022	$0.3200
Jan 4, 2022	$0.3100
Oct 4, 2021	$0.3100
Jul 2, 2021	$0.3100
Apr 5, 2021	$0.3100
Dec 31, 2020	$0.3000
Oct 2, 2020	$0.3000
Jul 2, 2020	$0.3000