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NYSE · Real Estate

COUSINS PROPERTIES INC (CUZ)

As-reported financials and SEC filings for COUSINS PROPERTIES INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About COUSINS PROPERTIES INC

Cousins Properties Inc is a real estate investment trust that develops, acquires, leases, manages, and owns primarily Class A office properties and mixed-use developments in Sun Belt markets across the United States. The company focuses on lifestyle office properties in cities such as Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas, and Nashville. Cousins serves office tenants by providing modern, amenity-rich office spaces designed to support employee recruitment and retention.

Snapshot

Revenue
$993.8M
Revenue growth (YoY)
16.0%
Net income
$40.5M
Diluted EPS
$0.24
Gross margin
68.4%
Operating margin
67.8%
Net margin
4.1%
FCF margin
13.6%
ROE
0.9%
net income / fiscal-year-end equity
P/E
736.0×
trailing when available, otherwise FY EPS
Market cap
$4.85B
Long-term debt / equity
0.71×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Cousins Properties

  • Revenue grew 16.0% to $994M in FY2025, faster than the 6.7% the year before.
  • Operating margin is 67.8% in FY2025, +2.4 pp against 65.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $269M, up 11.8% from Q2 FY2025.
  • Free cash flow was $135M in FY2025, 13.6% of revenue.
  • Net income fell 11.9% to $41M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Cousins Properties’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin68.4%
62nd percentile of 27
Operating margin67.8%
95th percentile of 81
Net margin4.1%
38th percentile of 156
FCF margin13.6%
50th percentile of 27
Revenue growth (YoY)+16.0%
88th percentile of 161
ROE0.9%
33rd percentile of 142
P/E736.0×
98th percentile of 109
Long-term debt / equity0.71×
24th percentile of 100
Short interest6.50d
74th percentile of 152

Cousins Properties’s P/E of 736.0 ranks in the 98th percentile of the 109 peers with a meaningful P/E. Cousins Properties’s operating margin of 67.8% ranks in the 95th percentile of the 81 REITs reporting it. Cousins Properties’s revenue growth of +16.0% ranks in the 88th percentile of the 161 REITs reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $177,612. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$278.2M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$112.0M3.7MAdded
AQR Capital ManagementquantQ2 2026$58.7M2.0MAdded
Citadel AdvisorsquantQ2 2026$46.1M1.5MReduced
Two Sigma InvestmentsquantQ2 2026$32.7M1.1MReduced
Renaissance TechnologiesquantQ2 2026$18.9M630.4KAdded
Gotham Asset ManagementQ2 2026$6.5M218.1KAdded
Point72 Asset ManagementquantQ2 2026$3.3M109.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$178K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-20
Symes Jeffrey DSVP, Chief Accounting OfficerSell6.0K$29.44$178K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.6M
settled 2026-08-14
Change vs prior
+4.8%
vs previous settlement
Days to cover
6.50
at avg daily volume
Avg daily volume
1.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1410.6M+4.8%6.50
2026-07-3110.1M-7.9%6.05
2026-07-1511.0M-8.5%7.86
2026-06-3012.0M-7.7%6.08
2026-06-1513.0M-1.1%7.11
2026-05-2913.2M+0.2%11.90
2026-05-1513.1M+0.3%5.67
2026-04-3013.1M-8.7%5.27

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$993.8M$856.8M$802.9M$762.3M$755.1M
Gross profit$679.3M$576.1M$536.4M$503.9M$495.6M
Operating income$673.3M$570.3M$531.1M$502.2M$493.7M
Net income$40.5M$46.0M$83.0M$166.8M$278.6M
Diluted EPS$0.24$0.30$0.55$1.11$1.87

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$5.7M$7.3M$6.0M$5.1M$8.9M
Current assets
Total assets$8.89B$8.80B$7.63B$7.54B$7.31B
Current liabilities
Long-term debt$3.34B$3.10B$2.46B$2.33B$2.24B
Total liabilities$4.19B$3.93B$3.09B$2.89B$2.71B
Total equity$4.70B$4.87B$4.55B$4.65B$4.60B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$402.3M$400.2M$368.4M$365.2M$389.5M
Capital expenditure$267.2M$252.7M$279.5M$342.2M
Free cash flow$135.0M$147.5M$88.8M$22.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$268.5M11.8%$26.2M$0.16
Q1 FY2026$263.1M5.1%$-24.9M$-0.15
Q4 FY2025$255.0M13.2%$-3.5M$-0.02
Q3 FY2025$248.3M18.7%$8.6M$0.05
Q2 FY2025$240.1M12.7%$14.5M$0.09
Q1 FY2025$250.3M19.6%$20.9M$0.12
Q4 FY2024$225.3M14.4%$13.6M$0.09
Q3 FY2024$209.2M5.2%$11.2M$0.07

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2011
SEC CIK25232

Selected SEC filings

10-K2026-02-05
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-05-04
View on EDGAR →
8-K2026-04-29
View on EDGAR →
8-K2026-04-01
View on EDGAR →

Largest reit peers

All reit stocksAll Real Estate companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.