MARKETS / NYSE / CUZ

NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Cousins Properties Inc. CUZ

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$993.8M

▲ 16.0% YoY

Net income

$40.5M

▼ 11.9% YoY

Free cash flow

$135.0M

▼ 8.4% YoY

In brief

What this company does

Cousins Properties Incorporated, together with Cousins Properties LP, Cousins TRS Services LLC, and their subsidiaries, develops, acquires, leases, manages, and owns primarily Class A office properties and opportunistic mixed-use developments in the Sun Belt markets of the United States, with a focus on lifestyle office properties in Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas, and Nashville. As of December 31, 2025, it had 351 full-time employees, including seven executive officers. Cousins Properties Incorporated is a Georgia corporation that is a fully integrated, self-administered, and self-managed real estate investment trust. It conducts substantially all of its business through Cousins Properties LP, of which it owns in excess of 99% and which it consolidates; CPLP in turn wholly owns Cousins TRS Services LLC, a taxable entity that owns and manages its own real estate portfolio and performs certain real estate related services. It has elected to be taxed as a REIT and intends to, among other things, distribute at least 100% of its net taxable income to stockholders. Its operations are conducted principally in the office real estate segment, which it measures by geographical area.

Written from the business description in COUSINS PROPERTIES INC's annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth

USD 993.8M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 993.8 · Net income 40.5

Compound annual growth

Revenue

+9.2%

+6.1%

+17.1%

+13.2%

Net income

−37.6%

−29.8%

EPS, diluted

−40.0%

−31.6%

Dividend / share

+0.0%

+1.3%

Returned to shareholders

+3.9%

+4.1%

+6.3%

+21.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

4 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 67.8% · Net 4.2%

ROE

FY2025 · ROE 0.9%

Gross margin68.4%

Operating margin67.8%

Net margin4.2%

Return on assets0.5%

EBITDAUSD 1.1B

Each USD of equity produced 1 cents of profit this year.

Cash & shareholders

USD 215.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 135.0

Net buybacks $M Dividends $M

FY2025 · Dividends 215.8 · Net buybacks —

Dividends paidUSD 215.8M

Net buybacks—

Share of profit532.8%

Consecutive raises—

USD 215.8M in dividends — 533% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 8.9B

EquityUSD 4.7B

CashUSD 5.7M

Gross debtUSD 3.3B

Net debtUSD 3.3B

Net debt stands at 71% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.0	0.9	0.8	0.8	0.8	0.7	0.7	0.5	0.5	0.3	0.2	0.2	0.2	0.1	0.1	0.2	0.2
Operating income $B	0.7	0.6	0.5	0.5	0.5	0.5	0.4	0.3	0.3	0.3	0.2	0.2	0.1	·	·	·	·
EBITDA $B	1.1	0.9	0.8	0.8	0.8	0.8	0.7	0.5	0.5	0.4	0.3	0.3	0.2	·	·	·	·
Income tax $B	·	·	·	·	·	·	·	·	·	0.0	0.0	−0.0	−0.0	0.0	−0.0	−0.0	0.0
Net income $B	0.0	0.0	0.1	0.2	0.3	0.2	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.0	−0.1	−0.0	0.0
Free cash flow $B	0.1	0.1	0.1	0.0	·	·	·	0.2	·	·	·	·	·	·	·	·	·
EPS, diluted $	0.24	0.30	0.55	1.11	1.87	1.60	1.17	0.75	2.08	0.31	0.58	0.22	0.76	0.32	−1.36	−0.27	0.22
Dividend / sh $	1.28	1.28	1.28	1.28	1.24	1.20	1.16	1.04	1.20	0.24	0.32	0.30	·	·	·	·	·
Payout %	533	425	234	115	66	74	·	·	·	64	55	118	22	41	−15	−84	83
ROE %	0.9	1.0	1.8	3.6	6.2	5.4	·	·	·	3.8	7.5	3.3	11.7	7.5	−18.8	−1.9	·
Shares out B	0.17	0.17	0.15	0.15	0.15	0.15	0.15	·	·	·	·	·	·	·	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 9 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityReal Estate Investment Trusts

Listed onNYSE

Incorporated inGeorgia

Fiscal year endsDecember 31

Data on record since2009