COUSINS PROPERTIES INC

Listed Company

CUZCIK 0000025232NYSELarge AcceleratedReal Estate Investment TrustsGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$993.82M

Net Income

$40.50M

Total Assets

$8.89B

Equity

$4.68B

Shares Out

164.54M

Op. Cash Flow

$402.27M

CUZ$31.76+12.66% · past yearDBEQ Basic

Daily closing prices

Business

Cousins Properties is a fully integrated, self-administered and self-managed REIT that develops, acquires, leases, manages, and owns primarily Class A office properties and opportunistic mixed-use developments. The company focuses on lifestyle office properties—modern, well-maintained buildings with high-demand amenities—in Sun Belt markets including Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas, and Nashville. Operations are conducted through Cousins Properties LP and its subsidiaries, with a disciplined capital-allocation strategy emphasizing selective acquisitions, opportunistic developments, and timely dispositions to maintain a portfolio of newer, efficient properties with lower capital expenditure requirements.

Summary from 10-K filed 2026-02-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenues	994	857	803	762	755
Rental property operating expenses	314	281	266	258	259
Reimbursed expenses	544,000	634,000	608,000	2	2
General and administrative expenses	39	37	32	28	29
Interest expense	159	122	105	73	67
Operating property impairment	13	0	0	0	0
Land and related predevelopment cost impairment	1	0	0	—	—
Depreciation and amortization	415	365	315	296	288
Other	2	2	2	2	2
Total costs and expenses	944	807	722	659	649
Income (Loss) from Equity Method Investments	−8	−3	2	8	7
Gain on investment property transactions	0	98,000	504,000	−9,000	153
Net income	41	47	84	167	279
Net income attributable to noncontrolling interests	−749,000	−619,000	−853,000	−652,000	−410,000
Net Income (Loss) Attributable to Parent, Total	41	46	83	167	279
Net income per common share basic (in usd per share)	0.24	0.3	0.55	1.11	1.87
Net income per common share diluted (in usd per share)	0.24	0.3	0.55	1.11	1.87
Weighted average common shares - basic (in shares)	168	153	152	150	149
Weighted average common shares diluted (in shares)	169	154	152	150	149
Dividends declared per common share (in usd per share)	1.28	1.28	1.28	1.28	1.24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-06-30	FY 2023 2023-12-31	FY 2022 2022-12-31
Operating properties, net of accumulated depreciation of $1,922,394 and $1,627,251 in 2025 and 2024, respectively	7,895	7,786	—	6,775	6,738
Land	136	155	—	155	158
Total properties	8,031	7,940	—	7,063	7,008
Real estate assets and other assets held for sale, net	61	0	—	—	—
Cash and cash equivalents	6	7	—	6	5
Investments In Real Estate Debt	38	167	27	0	—
Accounts receivable	18	11	—	11	9
Deferred rents receivable	269	232	—	209	184
Investments in unconsolidated joint ventures	215	185	—	144	113
Intangible assets, net	165	172	—	111	136
Other assets, net	88	86	—	91	82
Total Assets	8,890	8,802	—	7,634	7,537
Notes payable	3,341	3,096	—	2,458	2,335
Accounts payable and accrued expenses	314	337	—	300	271
Deferred income	301	277	—	182	129
Intangible liabilities, net	117	111	—	42	52
Other liabilities	112	111	—	105	103
Liabilities of real estate assets held for sale, net	3	0	—	—	—
Total liabilities	4,188	3,932	—	3,086	2,890
Commitments and contingencies	—	—	—	—	—
Common stock, $1 par value per share, 300,000,000 shares authorized, 167,981,990 and 167,660,480 issued and outstanding in 2025 and 2024, respectively	168	168	—	154	154
Additional paid-in capital	5,972	5,960	—	5,639	5,630
Distributions in excess of cumulative net income	−1,460	−1,281	—	−1,125	−1,013
Accumulated other comprehensive loss	0	−105,000	—	2	2
Total stockholders' investment	4,680	4,847	—	4,524	4,626
Nonredeemable noncontrolling interests	23	23	—	24	21
Total equity	4,702	4,870	—	4,548	4,647
Total liabilities and equity	8,890	8,802	—	7,634	7,537

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on investment property transactions	0	−98,000	−504,000	9,000	−153
Amortization of deferred financing costs, debt premiums, and debt discounts, net	4	4	4	−99,000	−437,000
Equity-classified stock-based compensation expense, net of forfeitures	16	15	12	10	7
Effect of non-cash adjustments to rental revenues	−87	−59	−48	−42	−39
Operating distributions from unconsolidated joint ventures	1	4	4	5	12
Change in receivables and other assets, net	−9	−2	−8	2	6
Change in operating liabilities, net	−4	24	8	−9	10
Net cash provided by operating activities	402	400	368	365	389
Capital expenditures	−267	−253	−280	−342	—
Property acquisitions	−248	−838	0	0	—
Proceeds from Sale, Maturity and Collection of Investments	151	0	0	—	—
Investments in real estate debt	−21	−167	0	0	—
Return of capital distributions from unconsolidated joint ventures	0	0	11	17	39
Contributions to unconsolidated joint ventures	−40	−47	−31	−48	−65
Proceeds from investment property sales, net	0	−3,000	4	0	555
Net cash used in investing activities	−426	−1,305	−296	−334	−191
Proceeds from credit facility	523	1,448	383	429	856
Repayment of credit facility	−519	−1,521	−254	−601	−859
Bond issuance, net of original issue discount	500	896	0	0	—
Issuance of common stock	0	468	0	400	350
Repayment of term loans	0	−100	0	0	−250
Repayment of mortgages	−7	−79	−8	−168	−109
Repurchase of shares withheld for taxes on restricted stock vestings	−2	−1	0	0	—
Payment of deferred financing costs	−6	−8	−71,000	−8	−3
Payment of issuance of common stock costs	46,000	0	0	103	0
Proceeds from sale of treasury stock	0	0	443,000	514,000	0
Common dividends paid	−216	−195	−194	−192	−183
Contributions from noncontrolling interests	7,000	24,000	3	3	6
Distributions to noncontrolling interests	−2	−1	−1	−114,000	−1
Repayments of Senior Debt	250	0	0	—	—
Net cash provided by (used in) financing activities	22	906	−72	−36	−194
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	−2	1	902,000	−5	4

Filings

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Frequently asked questions

What is COUSINS PROPERTIES INC's CIK number?

COUSINS PROPERTIES INC's SEC CIK number is 0000025232 (25232). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find COUSINS PROPERTIES INC's SEC filings?

All of COUSINS PROPERTIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did COUSINS PROPERTIES INC last report earnings?

COUSINS PROPERTIES INC (CUZ) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000025232-26-000043). This is COUSINS PROPERTIES INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is COUSINS PROPERTIES INC's most recent earnings 8-K?

COUSINS PROPERTIES INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000025232-26-000043. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View COUSINS PROPERTIES INC's latest earnings 8-K →
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