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NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Cousins Properties Inc. CUZ

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$993.8M
▲ 16.0% YoY
$40.5M
▼ 11.9% YoY
$135.0M
▼ 8.4% YoY

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

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
400M800M-50M-100M
2009201220152018202120242025
Compound annual growth
+9.2%
+6.1%
+17.1%
+13.2%
−37.6%
−29.8%
−40.0%
−31.6%
+0.0%
+1.3%
+3.9%
+4.1%
+6.3%
+21.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.1% a year over the five years to FY2025.

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%
50%100%-50%-100%
200920172025
ROE
FY2025 · ROE 0.9%
5%10%-5%-10%-15%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

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
100M200M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 215.8 · Net buybacks ·
100M200M-300M-600MDividendsNet buybacks
200920112013201520172019202120232025

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—not applicable◌not available in our data
CUZ, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.00.90.80.80.80.70.70.50.50.30.20.20.20.10.10.20.2
Operating income $B0.70.60.50.50.50.50.40.30.30.30.20.20.1◌◌◌◌
EBITDA $B1.10.90.80.80.80.80.70.50.50.40.30.30.2◌◌◌◌
Income tax $B◌◌◌◌◌◌◌◌◌0.00.0−0.0−0.00.0−0.0−0.00.0
Net income $B0.00.00.10.20.30.20.20.10.20.10.10.10.10.0−0.1−0.00.0
Free cash flow $B0.10.10.10.0◌◌◌0.2◌◌◌◌◌◌◌◌◌
EPS, diluted $0.240.300.551.111.871.601.170.752.080.310.580.220.760.32−1.36−0.270.22
Dividend / sh $1.281.281.281.281.241.201.161.041.200.240.320.30◌◌◌◌◌
Payout %5334252341156674◌◌◌64551182241−15−8483
ROE %0.91.01.83.66.25.4◌◌◌3.87.53.311.77.5−18.8−1.9◌
Shares out B0.170.170.150.150.150.150.15◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inGeorgia
Fiscal year endsDecember 31
Data on record since2009

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