Saturday 31 October 2026 Export CUZ’s income statement to Excel — free account

Cousins Properties Incorporated

Cousins Properties Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $993.8 million, up 16.0% from fiscal 2024. In the quarter to June 2026, revenue grew 11.8%, EPS grew 77.8%, free cash flow grew 811.4% and total debt rose 7.34%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

29.47 0.38 +1.31%

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Market cap: $4.8B
P/E: 737×
Fwd P/E: 134×
Dividend yield: 4.34%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total sells 0.18

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 1.34%

Capital & Financial Ratios $m

Market Cap 4,790.00

Revenue 1,035.00

Net Income 7.07

Free Cash Flow (44.95)

Net Debt 3,725.37

Current Ratio 1.01

Debt/Equity 0.83

P/E ratio 736.75

Fwd P/E 134.00

P/S ratio 4.69

P/B ratio 1.08

Past 5Y EPS Growth (31.57%)

This Y EPS Growth (9.06%)

Next Y EPS Growth 126.14%

Next Y revenue growth 6.26%

Next 5Y EPS Growth 34.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 98.61%

10-year low 10-year high

P/S against its own 10 years 23.69%

10-year low 10-year high

P/B against its own 10 years 57.29%

10-year low 10-year high

EV/Sales against its own 10 years 32.76%

10-year low 10-year high

Dividends

Payout Ratio 32.00

Annual Dividend Rate 1.28

Annual Dividend Yield 4.34%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.28	0.32 0.32 0.32 0.32
2025	1.28	0.32 0.32 0.32 0.32
2024	1.28	0.32 0.32 0.32 0.32
2023	1.28	0.32 0.32 0.32 0.32
2022	1.27	0.31 0.32 0.32 0.32
2021	0.93	0.31 0.31 0.31
2020	1.49	0.29 0.30 0.30 0.30 0.30
2019	1.13	0.26 0.29 0.29 0.29
2018	0.78	0.26 0.26 0.26
2017	1.20	0.24 0.24 0.24 0.24 0.24
2016	0.68	0.23 0.23 0.23

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	6	7	6	7
Receivables	220	244	287	292
Inventory	—	—	—	—
Other	—	—	—	—
	227	251	293	299

	2023	2024	2025	Q'26
Payables	300	337	314	294
ST’ Debt	—	—	—	—
Other	—	—	—	—
	300	337	314	294

Compound Annual Growth %

	10y	5y	3y
Sales	17.14%	6.07%	9.24%
Cash Flow	10.06%	2.76%	3.28%
Earnings	(10.69%)	(29.78%)	(37.61%)
Book Value	10.82%	0.90%	0.39%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.74 Actual 0.75

0.68 0.70 0.72 0.74 0.76

Q3 FY25 Met 0.00

Q4 FY25 Met 0.00

Q1 FY26 Beat +0.02

Q2 FY26 Beat +0.01

Q3 FY26 — Oct 29

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	0.69	0.69	Met by 0.00
Q4 FY25	0.71	0.71	Met by 0.00
Q1 FY26	0.71	0.73	Beat by 0.02
Q2 FY26	0.74	0.75	Beat by 0.01
Q3 FY26	0.73	—	Reports 29 October 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.15)	0.16	—	—	—
’25	0.12	0.09	0.05	(0.02)	0.24
’24	0.09	0.05	0.07	0.09	0.30
’23	0.15	0.15	0.13	0.12	0.55
’22	0.19	0.23	0.53	0.16	1.11
’21	0.20	0.19	0.36	1.12	1.87
’20	1.18	0.16	0.19	0.07	1.60

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	263	269	—	—	—
’25	250	240	248	255	994
’24	209	213	209	225	857
’23	203	204	199	197	803
’22	187	186	195	195	762
’21	190	187	189	190	755
’20	194	180	183	183	740

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	40	157	—	—	—
’25	45	123	120	114	402
’24	28	126	117	129	400
’23	26	135	116	91	368
’22	24	134	115	93	365
’21	36	132	131	91	389
’20	13	121	125	92	351

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(299)	122	—	—	—
’25	(10)	13	(144)	276	135
’24	(44)	62	69	60	147
’23	(43)	70	56	10	93
’22	(54)	39	24	13	23
’21	(26)	204	21	(43)	157
’20	379	(47)	363	(527)	167

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	21.26	31.24	30.12	30.76	21.15	31.01	21.72	17.40	21.58	24.07		+1.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	34.28	38.52	39.52	41.37	42.99	40.70	42.41	28.66	32.55	31.36		(1.0%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	279	261	257	331	316	294	286	305	306	351		+2.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.93	1.79	1.85	1.99	2.34	2.57	2.67	2.63	2.80	2.83		+13.2%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	259	466	475	658	740	755	762	803	857	994		+16.1%	1,056	1,081	1,111	+3.8%
	Gross margin, %	62.61	64.85	65.35	66.21	66.12	65.64	66.11	66.81	67.24	68.35		+5.7 pt	Powerpack Cousins Properties Incorporated’s next three years, line by line Analysts expect revenue to grow 3.8% a year to 2028 — slower than the 16.1% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(27)	38	63	29	94	107	103	81	49	49		n/m
	EBT margin, %	(10.31)	8.05	13.28	4.45	12.73	14.11	13.55	10.09	5.75	4.97		+15.3 pt
	Net income	80	220	81	153	238	279	167	84	47	41		(7.1%)
	Depreciation	144	195	184	259	288	288	295	319	369	420		+12.7%
Per share, $
Per share, $	Revenue	4.08	4.49	4.52	5.13	4.99	5.08	5.08	5.29	5.58	5.92		+4.2%
	Earnings	1.24	2.08	0.76	1.17	1.60	1.87	1.11	0.55	0.30	0.24		(16.7%)
	Cash flow	1.85	2.04	2.18	2.37	2.37	2.62	2.43	2.43	2.61	2.40		+2.9%
	Capex	6.76	0.49	(2.12)	(3.28)	(1.24)	(1.56)	(2.28)	(1.81)	(1.65)	(1.59)		n/m
	Free cash flow	8.61	2.53	0.05	(0.91)	1.13	1.06	0.15	0.61	0.96	0.80		(23.2%)
	Book value	39.61	27.19	26.85	34.58	30.32	30.94	30.96	29.98	31.75	28.00		(3.8%)
	Shares, m	63	104	105	128	148	149	150	152	153	168		+11.4%
Valuation, ×
Valuation, ×	P/E	27.48	18.25	41.58	38.87	20.81	21.43	22.31	44.93	102.13	107.42		44.5
	P/S	12.61	8.30	6.99	8.02	6.71	7.93	4.88	4.67	5.49	4.36		7.0
	P/B	1.30	1.37	1.18	1.19	1.10	1.30	0.80	0.82	0.97	0.92		1.1
	EV/Sales	17.74	10.20	9.22	11.38	9.62	10.88	7.93	7.72	9.09	7.71		10.1
	EV/FCF	8.41	18.11	759.15	(64.06)	42.58	52.33	263.74	66.61	52.81	56.75		125.6
Cash, $m
Cash, $m	Operating cash flow	118	212	229	303	351	389	365	368	400	402		+14.6%
	Capex	429	51	(223)	(420)	(184)	(232)	(342)	(275)	(253)	(267)		n/m
	Free cash flow	547	263	6	(117)	167	157	23	93	147	135		(14.4%)
Balance, $m
Balance, $m	Working capital	9	140	(11)	(66)	(22)	(47)	(73)	(73)	(86)	(22)		n/m
	Total debt	1,381	1,093	1,063	2,223	2,163	2,238	2,335	2,458	3,096	3,341		+10.3%
	Net debt	1,330	887	1,060	2,205	2,157	2,227	2,329	2,452	3,088	3,335		+10.8%
	Shareholders’ equity	2,514	2,825	2,821	4,428	4,496	4,600	4,647	4,548	4,870	4,702		+7.2%
Returns, %
Returns, %	ROA	2.34	5.16	1.90	2.66	3.33	3.86	2.25	1.09	0.56	0.46		(1.9) pt
	ROIC	0.18	1.25	1.66	1.29	1.62	1.61	1.59	1.68	1.37	1.75		+1.6 pt
	ROE	3.78	8.12	2.81	4.15	5.32	6.13	3.61	1.80	0.98	0.85		(2.9) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BXP BXP, Inc.	$11.2B	33.7×	29.4×	+3.14% (above 0%: growing)	−23.21% (below 0%: shrinking)	+38.70% (above 0%: growing)	61.43%	28.91%	Compare
CDP COPT Defense Properties	$7.7B	23.2×	23.5×	+3.94% (above 0%: growing)	+17.65% (above 0%: growing)	+76.90% (above 0%: growing)	60.18%	32.03%	Compare
VNO Vornado Realty Trust	$7.2B	1,723×	— (loss-making)	+4.71% (above 0%: growing)	−97.93% (below 0%: shrinking)	−90.54% (below 0%: shrinking)	51.58%	5.54%	Compare
ARE Alexandria Real Estate Equities, Inc.	$7.1B	— (loss-making)	— (loss-making)	−13.03% (below 0%: shrinking)	n/m	−158.14% (below 0%: shrinking)	68.72%	17.23%	Compare
CUZ Cousins Properties Incorporated	$4.8B	737×	134×	+11.83% (above 0%: growing)	+77.78% (above 0%: growing)	+811.42% (above 0%: growing)	68.47%	24.85%
KRC Kilroy Realty Corporation	$4.3B	25.3×	139×	−6.04% (below 0%: shrinking)	−70.69% (below 0%: shrinking)	−83.18% (below 0%: shrinking)	65.29%	23.99%	Compare
SLG SL Green Realty Corporation	$3.9B	— (loss-making)	— (loss-making)	+9.13% (above 0%: growing)	n/m	+7,443.12% (above 0%: growing)	48.82%	7.84%	Compare
HIW Highwoods Properties, Inc.	$3.4B	20.4×	17.8×	+7.87% (above 0%: growing)	+400.00% (above 0%: growing)	+364.51% (above 0%: growing)	67.58%	26.47%	Compare
DEI Douglas Emmett, Inc.	$1.7B	— (loss-making)	— (loss-making)	+1.63% (above 0%: growing)	n/m	+41.06% (above 0%: growing)	63.19%	19.62%	Compare
Median of peers	$5.7B	25.3×	26.5×	+3.54%	−23.21%	+39.88%	62.31%	21.81%

All 19 Reit Office stocks →

Pay and ownership Proxy statement filed 18 March 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	8.69m	7.29m	95.72
2024	7.99m	13.83m	108.94
2023	6.66m	7.11m	82.18
2022	5.57m	2.82m	80.55
2021	4.80m	6.91m	123.30

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement