CUZ · Cousins Properties Inc
$29.11
-0.14 (-0.48%)
At close · Sep 4
View the 10-K filed Feb 5, 2026
Customer concentration
— top 20 customers 38.6% of revenue
20 customers — 38.6% of revenue (as of December 31, 2025)
“As of December 31, 2025, our top 20 tenants represented 38.6% of total annualized rent with our largest single tenant accounting for 8.9% of annualized rent.”
One customer — 8.9% of revenue (as of December 31, 2025)
“As of December 31, 2025, our top 20 tenants represented 38.6% of total annualized rent with our largest single tenant accounting for 8.9% of annualized rent.”
Market Cap
$4.79B
Shares
164.60M
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$993.82M
+16%
FY2025
Net Income
$40.5M
-11.9%
FY2025
Gross Margin
68.35%
+1.1pp
FY2025
Operating Margin
67.75%
+1.2pp
FY2025
Diluted EPS
$0.24
-20%
FY2025
Operating Cash Flow
$402.28M
+0.5%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.03B | $993.82M | $856.76M | $802.87M | $762.29M | $755.07M | $740.34M | $657.52M | $475.21M | $466.19M | $259.21M | $204.37M | $177.56M | $210.74M | $136.85M | $118.13M | $154.23M | $203.28M | |
| $330.41M | $314.5M | $280.66M | $266.43M | $258.37M | $259.46M | $250.85M | $222.15M | $164.68M | $163.88M | $96.91M | — | — | — | — | — | — | — | |
| $704.58M | $679.32M | $576.1M | $536.44M | $503.92M | $495.61M | $489.49M | $435.37M | $310.53M | $302.3M | $162.3M | — | — | — | — | — | — | — | |
| — | 68.35% | 67.24% | 66.81% | 66.11% | 65.64% | 66.12% | 66.21% | 65.35% | 64.85% | 62.61% | — | — | — | — | — | — | — | |
| $161.78M | — | — | — | — | — | — | — | — | $163.88M | $96.91M | $82.55M | $76.96M | $90.5M | $50.33M | $40.82M | $43.44M | $58M | |
| — | $10.8M | $13M | $15.5M | $21.4M | $32.7M | $43.1M | $45.6M | $27M | $42.4M | $24M | $23.7M | $32.7M | $16.9M | $3.3M | $305K | — | — | |
| $425.61M | $415.36M | $365.05M | $314.9M | $295.59M | $288.09M | $288.65M | $257.15M | $181.38M | $196.75M | $97.95M | $71.63M | $62.26M | $76.28M | $39.42M | $30.67M | $36.69M | $55.83M | |
| — | $13.29M | $0 | $0 | $0 | $0 | $14.83M | $0 | $0 | — | — | — | — | — | $14.28M | $107.76M | $2.55M | $40.51M | |
| $1.03B | $944.41M | $807.48M | $721.86M | $658.97M | $648.51M | $646.07M | $628.26M | $412.12M | $428.66M | $280.77M | $198.73M | $188.5M | $227.34M | $152.37M | $235.3M | $189.03M | $282.55M | |
| $703.79M | $673.31M | $570.32M | $531.09M | $502.2M | $493.72M | $486.03M | $431.79M | $326.06M | $313.21M | $260.28M | $241.23M | $215.67M | $138.08M | — | — | — | — | |
| — | 67.75% | 66.57% | 66.15% | 65.88% | 65.39% | 65.65% | 65.67% | 68.61% | 67.18% | 100.41% | 118.04% | 121.46% | 65.52% | — | — | — | — | |
| $1.13B | $1.09B | $935.37M | $845.99M | $797.79M | $781.81M | $774.68M | $688.94M | $507.45M | $509.95M | $358.23M | $312.86M | $277.93M | $214.36M | — | — | — | — | |
| $176.12M | $159.24M | $122.48M | $105.46M | $72.54M | $67.03M | $60.61M | $53.96M | $39.43M | $33.52M | $26.65M | $22.74M | $20.98M | $21.71M | $23.93M | $26.68M | $37.18M | $39.76M | |
| -$9.55M | -$8.16M | -$2.8M | $2.3M | $7.7M | $6.8M | $7.95M | $12.67M | $12.22M | $47.12M | $10.56M | $8.3M | $11.27M | $67.33M | $39.26M | -$18.3M | $9.49M | -$17.64M | |
| — | — | — | — | — | — | — | — | $63.1M | $39.79M | -$26.74M | $5.64M | -$10.94M | -$16.6M | -$15.62M | -$117.18M | -$44.62M | -$82.04M | |
| — | — | — | — | — | — | — | — | — | — | $0 | $0 | -$20K | -$23K | $91K | -$186K | -$1.08M | $4.34M | |
| $6.43M | $40.5M | $45.96M | $82.96M | $166.79M | $278.59M | $237.28M | $152.68M | $80.77M | $219.96M | $79.11M | $125.52M | $52M | $121.76M | $45.73M | -$128.43M | -$14.57M | $27.3M | |
| — | 4.08% | 5.36% | 10.33% | 21.88% | 36.9% | 32.05% | 23.22% | 17% | 47.18% | 30.52% | 61.42% | 29.29% | 57.78% | 33.42% | -108.72% | -9.45% | 13.43% | |
| $640K | $749K | $619K | $853K | $652K | $410K | $836K | $2.27M | $1.6M | $3.68M | $995K | $111K | $1M | $5.07M | $2.19M | $4.96M | $2.54M | $2.25M | |
| $6.43M | $40.5M | $45.96M | $82.96M | $166.79M | $278.59M | $237.28M | $150.42M | $79.16M | $216.28M | $79.11M | $125.52M | $45.52M | $109.1M | $32.82M | -$141.33M | -$27.48M | $14.39M | |
| $6.43M | $40.61M | $43.67M | $83.39M | $168.56M | $278.59M | $237.28M | — | — | — | — | — | — | — | $32.82M | -$141.33M | -$17.96M | — | |
| USD/shares | $0.04 | $0.24 | $0.30 | $0.55 | $1.11 | $1.87 | $1.60 | $1.17 | $0.75 | $2.08 | $0.31 | $0.58 | $0.22 | — | — | — | — | — |
| USD/shares | $0.04 | $0.24 | $0.30 | $0.55 | $1.11 | $1.87 | $1.60 | $1.17 | $0.75 | $2.08 | $0.31 | $0.58 | $0.22 | — | — | — | — | — |
| shares | — | 167.92M | 153.41M | 151.71M | 150.11M | 148.67M | 148.28M | 128.06M | 105.08M | 103.9M | 253.9M | 215.83M | 204.22M | 144.26M | 104.12M | 103.65M | 101.44M | 65.5M |
| shares | — | 168.72M | 154.02M | 152.04M | 150.42M | 148.89M | 148.64M | 129.83M | 106.87M | 105.82M | 256.02M | 215.98M | 204.46M | 144.42M | 104.13M | 103.65M | 101.44M | 65.5M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $61.53M in buybacks, $1.79B in dividends.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Debt data is being processed. Please check back later.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
8.23×
Peer median 7.40×
EV/EBIT
12.10×
P/E (TTM)
727.75×
Peer median 37.58×
Peer medians compare against the 13 similar-size REIT - Office companies (of 20 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Office Segment | $984,308,000 | $846,936,000 | $791,644,000 | $755,229,000 | $758,440,000 | $742,703,000 | $676,574,000 | $507,174,000 |
| Non Office Segment | $13,828,000 | $9,501,000 | $9,021,000 | $10,754,000 | $2,698,000 | $2,017,000 | $0 | — |
| Mixed Use | — | — | — | — | — | $0 | $0 | $3,724,000 |
By Geography (USD)
| Component | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|
| Atlanta GA | $298,185,000 | $280,209,000 | $270,412,000 | $256,196,000 | $242,217,000 | $206,692,000 | $185,734,000 |
| Austin TX | $262,425,000 | $249,776,000 | $247,806,000 | $210,229,000 | $160,196,000 | $104,817,000 | $101,222,000 |
| Tampa, FL | $74,813,000 | $70,984,000 | $50,292,000 | $50,671,000 | $51,586,000 | — | — |
| Charlotte NC | $65,485,000 | $60,346,000 | $77,402,000 | $96,537,000 | $120,214,000 | $92,398,000 | $92,242,000 |
| Phoenix AZ | $64,073,000 | $57,635,000 | $59,614,000 | $54,261,000 | $54,216,000 | — | — |
| Other Location | $26,079,000 | $32,762,000 | $44,660,000 | $64,180,000 | $43,362,000 | $5,931,000 | $4,052,000 |
| Dallas TX | $16,948,000 | $16,736,000 | $17,670,000 | $18,143,000 | $9,421,000 | — | — |
| Dallas | — | — | — | $18,143,000 | $9,421,000 | — | — |
| Orlando Florida | — | — | — | — | — | — | $24,973,000 |
| Phoenix Arizona | — | — | — | $50,671,000 | $54,216,000 | $51,238,000 | $51,209,000 |
| Tampa Florida | — | — | — | $54,261,000 | $51,586,000 | $49,822,000 | $47,402,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Rental Properties | $980,547,000 | $847,773,000 | $799,047,000 | $753,511,000 | $739,063,000 | $721,883,000 | $681,212,000 | $463,401,000 |
| Variable Rental Revenue | $274,700,000 | $241,300,000 | $226,400,000 | $212,300,000 | $199,000,000 | $188,100,000 | $176,600,000 | $119,300,000 |
| Tenant Reimbursements | $197,000,000 | $176,700,000 | $163,200,000 | $160,700,000 | $155,500,000 | $142,500,000 | $122,400,000 | $79,800,000 |
| Tenant Funded Improvements | $34,600,000 | $28,400,000 | $20,000,000 | $11,200,000 | $5,400,000 | — | — | — |
| Fee and Other Revenue | $13,300,000 | $9,000,000 | $3,800,000 | $8,800,000 | $16,000,000 | $18,500,000 | $28,800,000 | $11,800,000 |
| Product And Service Other | $11,225,000 | $7,224,000 | $2,454,000 | $2,660,000 | $451,000 | $231,000 | $246,000 | $1,722,000 |
| Termination Fee | $5,087,000 | $3,405,000 | $7,343,000 | $2,464,000 | $5,105,000 | $3,835,000 | $7,228,000 | $1,548,000 |
| Fees | $2,044,000 | $1,761,000 | $1,373,000 | $6,119,000 | $15,559,000 | $18,226,000 | $28,518,000 | $10,089,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Office Segment | $665,824,000 | $565,147,000 | $525,385,000 | $495,147,000 | $488,364,000 | $481,409,000 | $428,731,000 | $323,820,000 |
| Non Office Segment | $7,487,000 | $5,177,000 | $5,709,000 | $7,053,000 | $5,356,000 | $4,625,000 | $3,059,000 | — |
| Mixed Use | — | — | — | — | — | — | — | $2,243,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Office Segment | 67.6% | 66.7% | 66.4% | 65.6% | 64.4% | 64.8% | 63.4% | 63.8% |
| Non Office Segment | 54.1% | 54.5% | 63.3% | 65.6% | 198.5% | 229.3% | — | — |
| Mixed Use | — | — | — | — | — | — | — | 60.2% |
Key facts
CIK
25232
CUSIP
222795502
13F (30d)
253 filings
252 filers
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