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Cousins Properties (CUZ) Financials

Cousins Properties logo
$26.30 +0.49 (+1.88%)
Closing price 03:59 PM Eastern
Extended Trading
$26.30 +0.00 (+0.00%)
As of 05:22 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Cousins Properties

Annual Income Statements for Cousins Properties

This table shows Cousins Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 126 79 216 79 150 237 279 167 83 46 41
Consolidated Net Income / (Loss)		 126 80 220 81 153 238 279 167 84 47 41
Net Income / (Loss) Continuing Operations		 94 61 220 75 42 -502 -476 167 -719 -810 -953
Total Pre-Tax Income 		5.64 -27 40 63 29 -646 -635 160 -722 -807 -944
Total Revenue		 204 254 468 436 604 -61 13 819 0.00 0.00 0.00
Net Interest Income / (Expense)		 0.00 0.00 0.00 -39 -54 -61 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 39 54 61 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 204 254 468 475 658 0.00 13 819 0.00 0.00 0.00
Total Non-Interest Expense		 199 281 429 373 574 585 649 659 722 807 944
Net Occupancy & Equipment Expense		 83 97 164 165 222 251 259 258 266 281 314
Other Operating Expenses		 44 61 66 26 42 31 101 105 141 162 200
Depreciation Expense		 72 98 197 181 257 289 288 296 315 365 415
Impairment Charge		 - - - 0.00 0.00 15 - - 0.00 0.00 14
Other Gains / (Losses), net		 8.30 11 47 12 13 144 159 7.69 2.80 -2.70 -8.16
Other Adjustments to Consolidated Net Income / (Loss)		 - - - 5.44 111 - 755 - 803 857 994
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.11 1.00 3.68 1.60 2.27 0.84 0.41 0.65 0.85 0.62 0.75
Basic Earnings per Share		 $0.58 $0.31 $2.08 $0.75 $1.17 $1.60 $1.87 $1.11 $0.55 $0.30 $0.24
Weighted Average Basic Shares Outstanding		 215.83M 253.90M 103.90M 105.08M 128.06M 148.28M 148.67M 150.11M 151.71M 153.41M 167.92M
Diluted Earnings per Share		 $0.58 $0.31 $2.08 $0.75 $1.17 $1.60 $1.87 $1.11 $0.55 $0.30 $0.24
Weighted Average Diluted Shares Outstanding		 215.98M 256.02M 105.82M 106.87M 129.83M 148.64M 148.89M 150.42M 152.04M 154.02M 168.72M
Weighted Average Basic & Diluted Shares Outstanding		 216.40M 255.20M 415.90M 420.37M 146.77M 148.57M 148.69M 151.53M 151.77M 167.66M 167.98M
Cash Dividends to Common per Share		 $0.32 $0.24 $1.20 $1.04 $1.16 $1.20 $1.24 $1.28 $1.28 $1.28 $1.28

Quarterly Income Statements for Cousins Properties

This table shows Cousins Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 19 19 13 7.84 11 14 21 14 8.59 -3.47 -25
Consolidated Net Income / (Loss)		 19 19 13 7.96 11 14 21 15 8.78 -3.28 -25
Net Income / (Loss) Continuing Operations		 19 426 -196 -205 -198 436 21 -225 -240 -258 -25
Total Pre-Tax Income 		18 426 -196 -205 -196 438 23 -224 -237 -256 -22
Total Revenue		 199 604 0.00 0.00 0.00 648 214 0.00 0.00 - 218
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - -37 0.00 0.00 - -45
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 37 0.00 0.00 - 45
Other Interest Expense		 - - - - - - 37 - - - 45
Total Non-Interest Income		 199 604 0.00 0.00 0.00 648 250 0.00 0.00 - 263
Other Non-Interest Income		 199 - - - - - 250 - - - 263
Total Non-Interest Expense		 180 178 196 205 196 210 191 224 237 256 240
Net Occupancy & Equipment Expense		 65 63 71 71 66 73 77 74 80 83 83
Other Operating Expenses		 36 36 39 39 40 43 11 49 52 52 12
Depreciation Expense		 79 79 86 95 90 94 102 101 105 107 108
Impairment Charge		 - - - - - - 0.00 - - - 37
Other Gains / (Losses), net		 1.09 0.29 0.45 0.44 -1.58 -2.01 -1.88 -1.59 -2.68 -2.01 -2.64
Other Adjustments to Consolidated Net Income / (Loss)		 - - 209 213 209 - 0.00 240 248 255 -0.05
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.13 0.11 0.16 0.12 0.16 0.18 0.20 0.18 0.19 0.19 0.19
Basic Earnings per Share		 $0.13 $0.12 $0.09 $0.05 $0.07 $0.09 $0.12 $0.09 $0.05 ($0.02) ($0.15)
Weighted Average Basic Shares Outstanding		 151.77M 151.71M 151.95M 152.10M 152.14M 153.41M 167.81M 167.93M 167.97M 167.92M 166.40M
Diluted Earnings per Share		 $0.13 $0.12 $0.09 $0.05 $0.07 $0.09 $0.12 $0.09 $0.05 ($0.02) ($0.15)
Weighted Average Diluted Shares Outstanding		 152.05M 152.04M 152.39M 152.61M 152.81M 154.02M 168.59M 168.77M 168.74M 168.72M 166.40M
Weighted Average Basic & Diluted Shares Outstanding		 151.77M 151.77M 152.07M 152.14M 152.14M 167.66M 167.91M 167.97M 167.97M 167.98M 164.54M
Cash Dividends to Common per Share		 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32 $0.32

Annual Cash Flow Statements for Cousins Properties

This table details how cash moves in and out of Cousins Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.27 45 154 -203 15 -11 4.03 -5.02 0.90 1.30 -1.63
Net Cash From Operating Activities		 154 118 212 229 303 351 389 365 368 400 402
Net Cash From Continuing Operating Activities		 154 118 212 229 303 351 389 365 368 400 402
Net Income / (Loss) Continuing Operations		 126 80 220 81 153 238 279 167 84 47 41
Consolidated Net Income / (Loss)		 126 80 220 81 153 238 279 167 84 47 41
Depreciation Expense		 135 145 197 181 257 289 288 296 315 365 415
Amortization Expense		 2.90 0.56 0.86 2.42 1.50 -0.89 -0.44 -0.10 4.14 4.03 4.49
Non-Cash Adjustments to Reconcile Net Income		 -103 -90 -212 -30 -153 -167 -193 -90 -35 -37 -46
Changes in Operating Assets and Liabilities, net		 -6.47 -19 5.87 -5.62 44 -7.78 16 -7.45 0.75 22 -12
Net Cash From Investing Activities		 35 466 112 -284 -357 -132 -191 -334 -296 -1,305 -426
Net Cash From Continuing Investing Activities		 35 466 112 -284 -357 -132 -191 -334 -296 -1,305 -426
Purchase of Investment Securities		 -195 -243 -353 -224 -506 -624 -853 -390 -311 -1,305 -576
Sale and/or Maturity of Investments		 225 716 371 0.37 149 438 595 17 15 -0.00 151
Net Cash From Financing Activities		 -188 -539 -169 -148 69 -230 -194 -36 -72 906 22
Net Cash From Continuing Financing Activities		 -188 -539 -169 -148 69 -230 -194 -36 -72 906 22
Issuance of Debt		 356 1,587 939 8.00 1,862 576 1,206 871 383 2,813 1,023
Issuance of Common Equity		 0.01 0.00 212 1.50 - 0.00 0.00 104 0.44 0.00 0.05
Repayment of Debt		 -427 -1,582 -1,219 -47 -1,652 -633 -1,219 -769 -263 -1,700 -776
Payment of Dividends		 -69 -51 -99 -107 -143 -176 -183 -192 -194 -195 -216
Other Financing Activities, Net		 -0.11 -479 -1.79 -2.65 1.78 3.97 1.83 -49 1.95 -11 -9.34

Quarterly Cash Flow Statements for Cousins Properties

This table details how cash moves in and out of Cousins Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -1.11 -0.88 -0.60 0.50 70 -69 -2.02 412 -412 1.05 0.58
Net Cash From Operating Activities		 116 91 28 126 117 129 45 123 120 114 40
Net Cash From Continuing Operating Activities		 116 91 28 126 117 129 45 123 120 114 40
Net Income / (Loss) Continuing Operations		 19 19 13 7.96 11 14 21 15 8.78 -3.28 -25
Consolidated Net Income / (Loss)		 19 19 13 7.96 11 14 21 15 8.78 -3.28 -25
Depreciation Expense		 79 79 86 95 90 94 102 101 105 107 108
Amortization Expense		 1.04 1.04 1.04 0.98 1.01 1.00 1.11 0.99 1.21 1.18 1.22
Non-Cash Adjustments to Reconcile Net Income		 -10 -8.13 -11 -7.49 -9.05 -9.65 -15 -16 -14 -1.23 23
Changes in Operating Assets and Liabilities, net		 27 -0.33 -61 29 24 30 -64 22 19 11 -68
Net Cash From Investing Activities		 -62 -84 -84 -97 -73 -1,052 87 -113 -310 -90 -323
Net Cash From Continuing Investing Activities		 -62 -84 -84 -97 -73 -1,052 87 -113 -310 -90 -323
Purchase of Investment Securities		 -66 -84 -84 -97 -73 -1,052 -64 -113 -310 -90 -379
Sale and/or Maturity of Investments		 3.93 0.33 0.00 - - - 151 - - - 56
Net Cash From Financing Activities		 -55 -8.08 55 -28 25 854 -134 401 -223 -23 283
Net Cash From Continuing Financing Activities		 -55 -8.08 55 -28 25 854 -134 401 -223 -23 283
Issuance of Debt		 81 92 171 108 616 1,449 142 590 158 134 1,394
Repayment of Debt		 -87 -53 -66 -85 -537 -1,012 -217 -130 -325 -103 -959
Repurchase of Common Equity		 - - - - - - 0.00 - - - -90
Payment of Dividends		 -49 -48 -49 -49 -49 -49 -55 -54 -54 -54 -55
Other Financing Activities, Net		 -0.46 1.46 -1.35 -0.99 -5.20 -3.13 -4.03 -4.34 -0.82 -0.47 -6.63

Annual Balance Sheets for Cousins Properties

This table presents Cousins Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,595 4,172 4,205 4,146 7,151 7,107 7,312 7,537 7,634 8,802 8,890
Cash and Due from Banks		 2.00 36 149 2.55 16 4.29 8.94 5.15 6.05 7.35 5.72
Trading Account Securities		 103 179 101 162 134 125 78 113 144 185 215
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 2,241 3,599 3,618 3,700 6,196 6,452 6,839 7,008 7,063 7,940 8,031
Intangible Assets		 125 246 186 146 258 189 169 136 111 172 165
Other Assets		 121 112 150 136 546 336 216 275 311 497 436
Total Liabilities & Shareholders' Equity		 2,595 4,172 4,205 4,146 7,151 7,107 7,312 7,537 7,634 8,802 8,890
Total Liabilities		 912 1,657 1,380 1,325 2,724 2,612 2,712 2,890 3,086 3,932 4,188
Other Short-Term Payables		 72 109 - 110 210 186 - 271 300 - 314
Long-Term Debt		 719 1,381 1,093 1,063 2,223 2,163 2,238 2,335 2,458 3,096 3,341
Other Long-Term Liabilities		 121 167 286 152 291 263 474 284 329 836 533
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,683 2,514 2,825 2,821 4,428 4,496 4,600 4,647 4,548 4,870 4,702
Total Preferred & Common Equity		 1,683 2,456 2,772 2,766 4,359 4,467 4,567 4,626 4,524 4,847 4,680
Total Common Equity		 1,683 2,449 2,765 2,764 4,358 4,467 4,567 4,626 4,524 4,847 4,680
Common Stock		 1,942 3,811 4,035 4,042 5,643 5,694 5,701 5,784 5,793 6,127 6,140
Other Equity Adjustments		 -124 -1,214 -1,122 -1,129 -1,137 -1,078 -985 -1,013 -1,125 -1,281 -1,460
Noncontrolling Interest		 0.00 59 53 55 69 28 34 21 24 23 23

Quarterly Balance Sheets for Cousins Properties

This table presents Cousins Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 7,496 7,583 7,596 7,585 7,683 7,701 7,771 8,663 9,052 8,900 9,088
Cash and Due from Banks		 5.51 3.59 8.03 6.93 5.45 5.95 76 5.33 417 4.68 6.30
Trading Account Securities		 106 137 139 141 155 161 182 192 192 216 214
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 6,992 7,022 7,023 7,012 7,092 7,072 7,061 7,935 7,902 8,105 8,251
Intangible Assets		 143 130 122 116 106 98 94 165 159 172 184
Other Assets		 249 290 304 309 325 335 329 350 364 366 413
Total Liabilities & Shareholders' Equity		 7,496 7,583 7,596 7,585 7,683 7,701 7,771 8,663 9,052 8,900 9,088
Total Liabilities		 2,830 2,962 2,991 3,008 3,168 3,223 3,331 3,826 4,251 4,143 4,555
Other Short-Term Payables		 268 205 242 267 217 237 270 293 278 307 248
Long-Term Debt		 2,296 2,449 2,424 2,418 2,563 2,587 2,661 3,021 3,477 3,309 3,772
Other Long-Term Liabilities		 266 308 326 323 388 400 400 512 496 526 535
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,666 4,621 4,604 4,577 4,515 4,478 4,440 4,837 4,801 4,758 4,533
Total Preferred & Common Equity		 4,645 4,599 4,581 4,555 4,491 4,454 4,416 4,814 4,778 4,735 4,511
Total Common Equity		 4,645 4,599 4,581 4,555 4,491 4,454 4,416 4,814 4,778 4,735 4,511
Common Stock		 5,783 5,785 5,789 5,792 5,648 5,653 5,656 6,128 6,133 6,136 6,050
Other Equity Adjustments		 -988 -1,040 -1,066 -1,096 -1,161 -1,202 -1,240 -1,315 -1,355 -1,402 -1,539
Noncontrolling Interest		 20 22 23 23 24 24 24 23 23 23 22

Annual Metrics And Ratios for Cousins Properties

This table displays calculated financial ratios and metrics derived from Cousins Properties' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.66 $1.24 $2.08 $0.76 $1.17 $1.60 $1.87 $1.11 $0.55 $0.30 $0.24
Adjusted Weighted Average Basic Shares Outstanding		 75.43M 63.47M 103.90M 105.08M 128.06M 148.28M 148.67M 150.11M 151.71M 153.41M 167.92M
Adjusted Diluted Earnings per Share		 $1.66 $1.24 $2.08 $0.76 $1.17 $1.60 $1.87 $1.11 $0.55 $0.30 $0.24
Adjusted Weighted Average Diluted Shares Outstanding		 75.48M 64.01M 105.82M 106.87M 129.83M 148.64M 148.89M 150.42M 152.04M 154.02M 168.72M
Adjusted Basic & Diluted Earnings per Share		 $1.66 $0.00 $0.00 $0.76 $1.17 $1.60 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 73.90M 98.41M 105.00M 105.09M 146.77M 148.57M 148.69M 151.53M 151.77M 167.66M 167.98M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Cousins Properties

This table displays calculated financial ratios and metrics derived from Cousins Properties' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 167,981,990.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 167,981,990.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.15
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -27.61% 0.00% 0.00% 5.21% 7.21% 0.00% 0.00% 0.00% - 2.09%
EBITDA Growth		 207.14% -30.08% -4.53% -8.32% 4.84% 5.26% -13.91% -11.87% -23.60% - -30.55%
EBIT Growth		 110.74% -34.28% -8.39% -12.89% -29.73% 2.91% -15.85% -8.97% -20.68% - -195.67%
NOPAT Growth		 115.35% -34.28% -8.39% -12.89% -29.73% 2.91% -15.85% -8.97% -20.68% - -166.97%
Net Income Growth		 -75.87% -22.41% -39.83% -65.50% -41.74% -26.88% 56.81% 84.12% -22.70% - -216.96%
EPS Growth		 -75.47% -25.00% -40.00% -66.67% -46.15% -25.00% 33.33% 80.00% -28.57% - -225.00%
Operating Cash Flow Growth		 1.56% -2.13% 6.79% -6.73% 0.81% 42.04% 58.20% -2.36% 2.64% - -9.60%
Free Cash Flow Firm Growth		 97.20% -20.38% 44.94% 17.10% -491.27% -230.05% -544.33% -661.36% -366.64% - 38.83%
Invested Capital Growth		 0.49% 0.35% 0.12% 0.51% 1.50% 13.70% 11.01% 17.18% 13.61% - 5.69%
Revenue Q/Q Growth		 0.00% 203.76% 0.00% 0.00% 0.00% 209.52% -100.00% 0.00% 0.00% - 0.00%
EBITDA Q/Q Growth		 198.26% 411.50% -11.23% -0.09% 195.11% 413.53% -123.30% 1.71% -6.86% - 159.20%
EBIT Q/Q Growth		 110.11% 2,213.06% -10.01% -4.70% 106.29% 3,287.52% -151.90% 1.53% -5.80% - 91.42%
NOPAT Q/Q Growth		 114.44% 2,213.06% -10.01% -4.70% 108.99% 3,287.52% -136.33% 1.53% -5.80% - 91.42%
Net Income Q/Q Growth		 -15.54% -3.07% -28.80% -40.81% 42.65% 21.64% 52.70% -30.51% -40.11% - -652.82%
EPS Q/Q Growth		 -13.33% -7.69% -25.00% -44.44% 40.00% 28.57% 33.33% -25.00% -44.44% - -650.00%
Operating Cash Flow Q/Q Growth		 -13.47% -21.99% -68.86% 343.64% -6.47% 9.92% -65.31% 173.81% -1.68% - -64.66%
Free Cash Flow Firm Q/Q Growth		 92.81% 2,671.88% 2.39% -23.55% 48.75% -465.69% -79.87% -45.99% 17.40% - -80.36%
Invested Capital Q/Q Growth		 -0.46% 0.15% 1.03% -0.20% 0.52% 12.18% -1.36% 5.35% -2.55% - 3.26%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 49.75% 83.78% 0.00% 0.00% 49.58% 82.26% 0.00% 0.00% 0.00% - 40.20%
EBIT Margin		 9.25% 70.47% 0.00% 0.00% 6.18% 67.65% 0.00% 0.00% 0.00% - -10.08%
Profit (Net Income) Margin		 9.80% 3.13% 0.00% 0.00% 5.43% 2.13% 0.00% 0.00% 0.00% - -11.32%
Tax Burden Percent		 105.92% 4.44% -6.85% -3.87% 87.82% 3.15% -9.28% -6.55% -3.71% - 112.23%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.36% 8.09% 0.00% 0.00% 0.01% 7.74% 0.00% 0.00% 0.00% - 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.41% -8.89% 0.00% 0.00% -0.05% -7.54% 0.00% 0.00% 0.00% - -0.28%
Return on Net Nonoperating Assets (RNNOA)		 0.21% -4.63% 0.00% 0.00% -0.03% -4.44% 0.00% 0.00% 0.00% - -0.20%
Return on Equity (ROE)		 0.57% 3.46% 1.64% 1.32% -0.02% 3.30% 0.00% 0.00% 0.00% - -0.20%
Cash Return on Invested Capital (CROIC)		 -5.09% 0.81% -7.41% -8.07% -9.10% -12.16% -10.19% -15.82% -13.12% - -14.11%
Operating Return on Assets (OROA)		 0.33% 7.46% 0.00% 0.00% 0.01% 7.05% 0.00% 0.00% 0.00% - -0.01%
Return on Assets (ROA)		 0.35% 0.33% 0.00% 0.00% 0.01% 0.22% 0.00% 0.00% 0.00% - -0.01%
Return on Common Equity (ROCE)		 0.56% 3.44% 1.63% 1.31% -0.02% 3.28% 0.00% 0.00% 0.00% - -0.20%
Return on Equity Simple (ROE_SIMPLE)		 1.96% 0.00% 1.67% 1.34% 1.17% 0.00% 1.13% 1.28% 1.23% - -0.10%
Net Operating Profit after Tax (NOPAT)		 18 426 -137 -144 13 438 -159 -157 -166 - -15
NOPAT Margin		 9.25% 70.47% 0.00% 0.00% 6.18% 67.65% 0.00% 0.00% 0.00% - -7.06%
Net Nonoperating Expense Percent (NNEP)		 -0.05% 16.98% -6.02% -6.06% 0.06% 15.28% -6.46% -5.65% -5.85% - 0.27%
SG&A Expenses to Revenue		 32.61% 10.48% 0.00% 0.00% 31.55% 11.27% 0.00% 0.00% 0.00% - 37.88%
Operating Expenses to Revenue		 90.75% 29.53% 0.00% 0.00% 93.82% 32.35% 0.00% 0.00% 0.00% - 110.08%
Earnings before Interest and Taxes (EBIT)		 18 426 -196 -205 13 438 -227 -224 -237 - -22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 99 506 -109 -109 104 533 -124 -122 -130 - 88
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.63 0.77 0.79 0.78 1.00 0.95 1.02 1.04 1.02 - 0.83
Price to Tangible Book Value (P/TBV)		 0.65 0.79 0.81 0.80 1.03 0.99 1.05 1.08 1.05 - 0.86
Price to Revenue (P/Rev)		 10.66 4.32 0.00 0.00 428.02 5.38 5.71 5.82 5.61 - 839.11
Price to Earnings (P/E)		 32.70 41.84 47.90 58.57 86.79 100.37 91.32 82.84 83.45 - 0.00
Dividend Yield		 6.73% 5.60% 5.48% 5.61% 5.49% 5.28% 5.48% 4.31% 4.47% - 5.75%
Earnings Yield		 3.06% 2.39% 2.09% 1.71% 1.15% 1.00% 1.10% 1.21% 1.20% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.76 0.85 0.87 0.86 0.99 0.97 1.01 0.98 1.01 - 0.91
Enterprise Value to Revenue (EV/Rev)		 19.64 7.41 0.00 0.00 679.74 9.02 9.26 9.42 9.49 - 1,689.62
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 14.87 0.00 0.00 0.00 18.47 19.67 20.68 22.26 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 73.41 0.00 0.00 0.00 156.76 436.59 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 73.41 0.00 0.00 0.00 156.76 436.59 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.37 16.15 16.56 16.83 19.46 19.30 19.03 19.51 19.52 - 18.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 105.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.53 0.54 0.57 0.58 0.60 0.64 0.62 0.72 0.70 - 0.83
Long-Term Debt to Equity		 0.53 0.54 0.57 0.58 0.60 0.64 0.62 0.72 0.70 - 0.83
Financial Leverage		 0.51 0.52 0.55 0.55 0.56 0.59 0.60 0.65 0.65 - 0.73
Leverage Ratio		 1.63 1.65 1.67 1.68 1.70 1.75 1.75 1.81 1.81 - 1.89
Compound Leverage Factor		 1.63 1.65 1.67 1.68 1.70 1.75 1.75 1.81 1.81 - 1.89
Debt to Total Capital		 34.57% 35.08% 36.21% 36.62% 37.48% 38.86% 38.44% 42.00% 41.02% - 45.42%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 34.57% 35.08% 36.21% 36.62% 37.48% 38.86% 38.44% 42.00% 41.02% - 45.42%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.32% 0.34% 0.34% 0.34% 0.33% 0.29% 0.30% 0.28% 0.28% - 0.27%
Common Equity to Total Capital		 65.11% 64.58% 63.45% 63.04% 62.19% 60.84% 61.26% 57.72% 58.69% - 54.31%
Debt to EBITDA		 -16.73 6.14 -6.29 -6.22 -6.47 7.40 7.49 8.91 9.06 - -6.70
Net Debt to EBITDA		 -16.68 6.13 -6.28 -6.21 -6.29 7.38 7.48 7.84 9.05 - -6.69
Long-Term Debt to EBITDA		 -16.73 6.14 -6.29 -6.22 -6.47 7.40 7.49 8.91 9.06 - -6.70
Debt to NOPAT		 -7.52 30.34 -4.97 -4.86 -4.96 62.82 166.29 -18,813.64 -115.74 - -5.45
Net Debt to NOPAT		 -7.50 30.26 -4.96 -4.85 -4.82 62.67 165.99 -16,558.01 -115.57 - -5.44
Long-Term Debt to NOPAT		 -7.52 30.34 -4.97 -4.86 -4.96 62.82 166.29 -18,813.64 -115.74 - -5.45
Noncontrolling Interest Sharing Ratio		 0.46% 0.49% 0.50% 0.52% 0.51% 0.51% 0.00% 0.00% 0.00% - 0.49%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -16 401 -146 -180 -92 -522 -939 -1,370 -1,132 - -463
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -10.26
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.90
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.90
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.11 0.00 0.00 0.00 0.10 0.10 0.10 0.10 - 0.00
Fixed Asset Turnover		 0.04 0.11 0.00 0.00 0.00 0.11 0.11 0.11 0.11 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,996 7,006 7,078 7,064 7,101 7,966 7,858 8,278 8,067 - 8,305
Invested Capital Turnover		 0.04 0.11 0.00 0.00 0.00 0.11 0.11 0.11 0.11 - 0.00
Increase / (Decrease) in Invested Capital		 34 24 8.31 36 105 960 780 1,214 966 - 447
Enterprise Value (EV)		 5,322 5,947 6,129 6,076 7,045 7,725 7,931 8,071 8,135 - 7,526
Market Capitalization		 2,888 3,472 3,547 3,471 4,436 4,613 4,892 4,988 4,807 - 3,737
Book Value per Share		 $30.01 $29.81 $29.56 $29.29 $29.03 $31.86 $28.71 $28.46 $28.19 - $26.85
Tangible Book Value per Share		 $29.24 $29.08 $28.86 $28.64 $28.41 $30.73 $27.73 $27.51 $27.17 - $25.76
Total Capital		 6,996 7,006 7,078 7,064 7,101 7,966 7,858 8,278 8,067 - 8,305
Total Debt		 2,418 2,458 2,563 2,587 2,661 3,096 3,021 3,477 3,309 - 3,772
Total Long-Term Debt		 2,418 2,458 2,563 2,587 2,661 3,096 3,021 3,477 3,309 - 3,772
Net Debt		 2,411 2,452 2,558 2,581 2,585 3,088 3,015 3,060 3,305 - 3,766
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 -1.09 407 -151 -152 1.58 424 -180 -171 -175 - 9.28
Net Nonoperating Obligations (NNO)		 2,418 2,458 2,563 2,587 2,661 3,096 3,021 3,477 3,309 - 3,772
Total Depreciation and Amortization (D&A)		 81 80 87 96 91 95 103 102 106 - 110
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.13 $0.12 $0.09 $0.05 $0.07 $0.09 $0.12 $0.09 $0.05 ($0.02) ($0.15)
Adjusted Weighted Average Basic Shares Outstanding		 151.77M 151.71M 151.95M 152.10M 152.14M 153.41M 167.81M 167.93M 167.97M 167.92M 166.40M
Adjusted Diluted Earnings per Share		 $0.13 $0.12 $0.09 $0.05 $0.07 $0.09 $0.12 $0.09 $0.05 ($0.02) ($0.15)
Adjusted Weighted Average Diluted Shares Outstanding		 152.05M 152.04M 152.39M 152.61M 152.81M 154.02M 168.59M 168.77M 168.74M 168.72M 166.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 151.77M 151.77M 152.07M 152.14M 152.14M 167.66M 167.91M 167.97M 167.97M 167.98M 164.54M
Normalized Net Operating Profit after Tax (NOPAT)		 13 298 -137 -144 9.05 307 -159 -157 -166 - 10
Normalized NOPAT Margin		 6.48% 49.33% 0.00% 0.00% 4.33% 47.35% 0.00% 0.00% 0.00% - 4.69%
Pre Tax Income Margin		 9.25% 70.47% 0.00% 0.00% 6.18% 67.65% 0.00% 0.00% 0.00% - -10.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.49
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.34
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.49
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.34
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 217.66% 231.87% 259.66% 326.32% 377.90% 419.51% 371.44% 337.61% 361.20% - -4,800.18%
Augmented Payout Ratio		 217.66% 231.87% 259.66% 326.32% 377.90% 419.51% 371.44% 337.61% 361.20% - -4,800.18%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused takeaway on Cousins Properties (CUZ) using the latest four years of quarterly data across income statements, cash flow statements, and balance sheets. The bullets are grouped to first highlight positives, then neutral observations, and finally potential negatives.

  • Strong quarterly operating cash flow in 2025. Net cash from continuing operating activities was positive in all 2025 quarters, including about $114.5M in Q4 2025, $120.5M in Q3 2025, $122.6M in Q2 2025, and $44.8M in Q1 2025, signaling solid cash generation from core operations.
  • Consistent positive quarterly net income in early 2025. Consolidated net income from continuing operations was positive in Q1–Q3 2025, with roughly $21.1M (Q1), $14.7M (Q2), and $8.8M (Q3).
  • Steady quarterly dividend per share. Cash dividends to common per share remained at $0.32 across the period, offering a stable income component for investors.
  • Scale and asset base support portfolio longevity. Total assets consistently sit in the high billions (e.g., around $8.66B in Q1 2025 to about $9.05B in Q2 2025), reflecting a large, diversified property portfolio that can support earnings over time. The Premises and Equipment net line also remains substantial at roughly $8.1B in mid-2025, underscoring a sizeable real estate asset base.
  • One-time or non-operational effects can mask quarterly earnings. In Q4 2025, Consolidated Net Income turned slightly negative (-$3.28M) despite a large pre-tax loss (-$256.3M). The large positive Other Adjustments to Consolidated Net Income (+$255.0M) largely offset the pretax loss, indicating substantial non-cash or non-core items affecting reported net income in a given quarter.
  • Short-term liquidity pressure from financing activities in 2025. The Q3 2025 quarter shows a sizable negative net change in cash from financing activities (-$412.2M), driven by debt repayments and related financing movements, which temporarily pressured liquidity even as operating cash flow remained positive.
  • Margin pressure from higher non-interest expenses in late 2024–2025. Total Non-Interest Expense rose to about $256.3M in Q4 2025 (vs. $209.5M in Q4 2024), with occupancy, depreciation, and other operating costs contributing to higher expense loads.
  • Leverage remains a key factor to watch. Long-term debt hovered around the low-to-mid $3B range (e.g., about $3.02B in Q1 2025, $3.48B in Q2 2025, and $3.31B in Q3 2025), indicating ongoing leverage to fund the portfolio. Debt issuance occurred (e.g., ~$134M in Q4 2025) but was offset by substantial repayments in other periods, suggesting active debt management rather than a clear deleveraging trend.
  • Net income to common shareholders can swing quarter to quarter. Net income attributable to common shareholders was negative in Q4 2025 (-$3.47M) despite positive cash flow, highlighting sensitivity to non-operating items and adjustments that may complicate near-term earnings visibility.
05/18/26 05:38 PM ETAI Generated. May Contain Errors.

Cousins Properties Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cousins Properties' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Cousins Properties' net income appears to be on a downward trend, with a most recent value of $41.25 million in 2025, falling from $125.63 million in 2015. The previous period was $46.58 million in 2024. See where experts think Cousins Properties is headed by visiting Cousins Properties' forecast page.

Over the last 10 years, Cousins Properties' total revenue changed from $204.37 million in 2015 to $0.00 in 2025, a change of -100.0%.

Cousins Properties' total liabilities were at $4.19 billion at the end of 2025, a 6.5% increase from 2024, and a 359.3% increase since 2015.

In the past 10 years, Cousins Properties' cash and equivalents has ranged from $2.00 million in 2015 to $148.93 million in 2017, and is currently $5.72 million as of their latest financial filing in 2025.


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Financial statements for NYSE:CUZ last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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