Cousins Properties Incorporated (CUZ) Income Statement Analysis

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Complete financial analysis of Cousins Properties Incorporated (CUZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cousins Properties Incorporated, a leading company in the REIT – Office industry within the Real Estate sector.

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Cousins Properties Incorporated (CUZ)

Industry: REIT - Office

Sector: Real Estate

Website: https://www.cousins.com

About Cousins Properties Incorporated

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	802.87M	762.29M	755.07M	740.34M	657.52M	475.21M	466.19M	259.21M	381.64M	361.38M	210.74M	148.28M	178.46M	228.51M	224.88M	214.65M	165.38M	169.86M	155.74M	136.81M	189.60M	199.80M	177.70M	144.63M	97.82M	98.31M	86.00M	58.53M	41.04M	31.11M	24.60M	28.10M	21.10M	24.10M	23.50M	19.70M	19.00M	55.90M	40.80M
Cost of Revenue	266.43M	258.37M	259.46M	250.85M	222.15M	164.68M	163.88M	96.91M	156.16M	155.93M	90.50M	56.35M	77.88M	96.69M	66.57M	67.71M	7.69M	32.15M	25.81M	12.01M	10.02M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	536.44M	503.92M	495.61M	489.49M	435.37M	310.53M	302.30M	162.30M	225.49M	205.45M	120.24M	91.93M	100.58M	131.82M	158.32M	146.94M	157.70M	137.71M	129.93M	124.80M	179.58M	199.80M	177.70M	144.63M	97.82M	98.31M	86.00M	58.53M	41.04M	31.11M	24.60M	28.10M	21.10M	24.10M	23.50M	19.70M	19.00M	55.90M	40.80M
Gross Profit Ratio	66.81%	66.11%	65.64%	66.12%	66.21%	65.35%	64.85%	62.61%	59.08%	56.85%	57.06%	62.00%	56.36%	57.69%	70.40%	68.45%	95.35%	81.07%	83.43%	91.22%	94.71%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.22	0.28	0.11	-0.04	0.05	0.01	-0.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	32.33M	28.32M	29.32M	27.03M	37.01M	22.04M	27.52M	25.59M	17.10M	19.78M	21.94M	23.21M	26.20M	57.67M	33.95M	42.17M	57.81M	58.59M	40.70M	33.70M	29.61M	27.67M	27.01M	18.45M	14.96M	13.09M	12.72M	9.08M	7.65M	7.54M	7.30M	0.00	0.00	4.50M	5.20M	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.37M	-5.17M	49.42M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	32.33M	28.32M	29.32M	27.03M	37.01M	22.04M	27.52M	25.59M	17.10M	19.78M	21.94M	23.21M	30.57M	52.50M	83.36M	42.17M	57.81M	58.59M	40.70M	33.70M	29.61M	27.67M	27.01M	18.45M	14.96M	13.09M	12.72M	9.08M	7.65M	7.54M	7.30M	0.00	0.00	4.50M	5.20M	0.00	0.00	0.00	0.00
Other Expenses	504.11M	295.59M	288.09M	288.65M	257.15M	-4.34M	-5.32M	-9.15M	-4.43M	-7.20M	-8.91M	-11.17M	50.17M	59.11M	59.24M	58.97M	98.64M	121.69M	103.65M	86.42M	110.66M	116.13M	99.21M	82.48M	54.14M	50.88M	44.84M	33.60M	21.59M	15.36M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	536.44M	323.91M	317.41M	315.68M	294.16M	203.42M	224.27M	123.54M	152.52M	159.80M	98.22M	66.77M	80.75M	116.78M	152.34M	95.10M	156.45M	180.28M	144.36M	120.12M	140.26M	143.80M	126.22M	100.93M	69.10M	63.97M	57.56M	42.68M	29.24M	22.90M	-8.00M	-11.20M	-10.60M	-2.80M	-2.90M	-8.60M	-6.70M	-12.40M	-23.30M
Cost & Expenses	615.89M	582.28M	576.87M	566.53M	516.30M	368.10M	388.15M	220.45M	308.67M	315.74M	188.72M	123.12M	158.63M	213.47M	218.90M	95.10M	156.45M	180.28M	144.36M	120.12M	140.26M	143.80M	126.22M	100.93M	69.10M	63.97M	57.56M	42.68M	29.24M	22.90M	-8.00M	-11.20M	-10.60M	-2.80M	-2.90M	-8.60M	-6.70M	-12.40M	-23.30M
Interest Income	0.00	72.54M	67.03M	60.61M	53.96M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.03M	4.16M	6.43M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	105.46M	72.54M	67.03M	60.61M	53.96M	39.43M	33.52M	26.65M	30.72M	29.11M	21.71M	23.93M	27.78M	37.18M	41.39M	33.15M	8.82M	11.12M	9.09M	14.62M	22.58M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	314.90M	586.44M	581.48M	570.20M	521.41M	372.44M	393.47M	258.25M	135.46M	141.02M	76.28M	52.44M	54.06M	59.11M	55.83M	52.93M	40.64M	43.69M	39.72M	37.23M	52.90M	54.84M	45.58M	31.52M	16.66M	15.17M	14.05M	7.22M	4.34M	3.66M	3.20M	2.30M	2.20M	1.90M	1.00M	19.70M	19.00M	55.90M	40.80M
EBITDA	501.37M	479.14M	468.49M	466.73M	409.83M	296.69M	318.37M	127.56M	163.83M	178.47M	82.20M	66.43M	-36.44M	38.86M	71.54M	49.77M	41.20M	33.27M	51.10M	53.92M	61.35M	252.23M	53.12M	48.68M	45.58M	49.52M	166.30M	129.40M	16.32M	11.95M	35.80M	41.60M	33.90M	28.80M	27.40M	28.30M	25.70M	68.30M	64.10M
EBITDA Ratio	62.45%	62.86%	62.04%	63.04%	59.81%	59.80%	57.80%	49.21%	53.45%	49.66%	42.42%	44.80%	41.41%	32.45%	31.81%	80.35%	29.98%	19.59%	32.81%	39.41%	40.94%	42.13%	41.73%	39.43%	26.52%	31.63%	31.43%	10.02%	5.37%	-2.04%	145.53%	148.04%	160.66%	119.50%	116.60%	143.65%	135.26%	122.18%	157.11%
Operating Income	190.90M	183.56M	180.39M	178.08M	136.10M	67.68M	78.04M	38.76M	72.97M	45.65M	22.03M	25.16M	19.84M	20.21M	15.71M	29.51M	-156.45M	-180.28M	-144.36M	-120.12M	-140.26M	-143.80M	-126.22M	-100.93M	-69.10M	-63.97M	-57.56M	-42.68M	-29.24M	-22.90M	8.00M	11.20M	10.60M	2.80M	2.90M	8.60M	6.70M	12.40M	23.30M
Operating Income Ratio	23.78%	24.08%	23.89%	24.05%	20.70%	14.24%	16.74%	14.95%	19.12%	12.63%	10.45%	16.97%	11.12%	8.84%	6.99%	13.75%	-94.60%	-106.13%	-92.69%	-87.80%	-73.98%	-71.97%	-71.03%	-69.78%	-70.64%	-65.07%	-66.93%	-72.92%	-71.24%	-73.63%	32.52%	39.86%	50.24%	11.62%	12.34%	43.65%	35.26%	22.18%	57.11%
Total Other Income/Expenses	-107.09M	-12.57M	96.47M	60.03M	-111.96M	0.00	-38.25M	-65.50M	61.05M	-5.75M	-26.55M	-28.54M	-140.06M	-10.57M	-20.74M	-14.73M	-2.70M	-8.11M	4.87M	-14.62M	100.99M	-167.21M	42.78M	31.42M	19.04M	6.87M	-116.50M	-82.90M	13.43M	12.17M	-23.40M	-23.20M	-22.40M	-11.40M	12.30M	-18.10M	4.40M	-26.20M	-49.50M
Income Before Tax	83.82M	167.45M	279.00M	238.11M	29.26M	63.10M	39.79M	-26.74M	37.52M	8.03M	-16.60M	-12.51M	-116.73M	-34.52M	-66.20M	-5.74M	116.00K	-21.54M	2.29M	2.07M	43.26M	45.24M	46.76M	49.56M	47.76M	41.21M	29.78M	26.51M	25.23M	20.37M	9.20M	16.10M	9.30M	15.50M	15.20M	10.20M	11.10M	42.10M	14.60M
Income Before Tax Ratio	10.44%	21.97%	36.95%	32.16%	4.45%	13.28%	8.53%	-10.31%	9.83%	2.22%	-7.87%	-8.43%	-65.41%	-15.11%	-29.44%	-2.67%	0.07%	-12.68%	1.47%	1.51%	22.82%	22.64%	26.32%	34.26%	48.82%	41.91%	34.63%	45.29%	61.48%	65.50%	37.40%	57.30%	44.08%	64.32%	64.68%	51.78%	58.42%	75.31%	35.78%
Income Tax Expense	0.00	-112.20M	69.63M	65.72M	-72.31M	-16.06M	-176.49M	-105.84M	-88.00M	-20.00K	-23.00K	91.00K	-186.00K	-1.08M	4.34M	-8.77M	-4.42M	-4.19M	-7.76M	-2.74M	-2.60M	-1.53M	-555.00K	-1.11M	-2.44M	-148.00K	-1.53M	-1.70M	-747.00K	-166.00K	-800.00K	400.00K	200.00K	-2.30M	-15.20M	500.00K	-11.10M	12.50M	5.20M
Net Income	82.96M	279.65M	209.37M	172.40M	101.57M	79.16M	216.28M	79.11M	125.52M	52.00M	121.76M	45.73M	-128.43M	-14.57M	27.30M	22.55M	32.92M	232.69M	49.74M	407.78M	242.16M	47.87M	70.82M	62.04M	104.08M	45.30M	37.28M	41.02M	26.34M	26.90M	11.90M	15.70M	9.10M	17.80M	15.20M	9.70M	11.10M	29.60M	9.40M
Net Income Ratio	10.33%	36.69%	27.73%	23.29%	15.45%	16.66%	46.39%	30.52%	32.89%	14.39%	57.78%	30.84%	-71.96%	-6.38%	12.14%	10.50%	19.91%	136.99%	31.94%	298.07%	127.72%	23.96%	39.85%	42.90%	106.40%	46.08%	43.35%	70.07%	64.19%	86.46%	48.37%	55.87%	43.13%	73.86%	64.68%	49.24%	58.42%	52.95%	23.04%
EPS	0.55	1.86	1.41	1.16	0.79	0.75	2.08	1.24	2.32	0.88	3.04	1.28	-4.96	-0.57	0.88	0.60	1.36	17.16	2.76	32.64	19.76	3.88	5.76	5.12	8.64	3.81	3.40	3.84	2.51	2.59	1.64	2.28	1.40	2.76	2.32	1.48	1.72	6.92	2.20
EPS Diluted	0.55	1.86	1.41	1.16	0.78	0.74	2.08	1.24	2.32	0.88	3.04	1.28	-4.96	-0.57	0.88	0.60	1.32	16.56	2.68	31.36	19.32	3.84	5.64	5.00	8.48	3.76	3.36	3.80	2.51	2.59	1.64	2.28	1.40	2.76	2.32	1.48	1.72	6.92	2.20
Weighted Avg Shares Out	151.71M	150.11M	148.67M	148.28M	128.06M	105.08M	103.90M	63.47M	53.96M	51.05M	36.06M	26.03M	25.91M	25.36M	16.37M	12.80M	12.93M	12.66M	12.50M	12.25M	12.21M	12.34M	12.29M	12.12M	12.03M	11.85M	10.97M	10.68M	10.51M	10.40M	7.26M	6.89M	6.50M	6.45M	6.55M	6.55M	6.45M	4.28M	4.27M
Weighted Avg Shares Out (Dil)	152.04M	150.42M	148.89M	148.64M	129.83M	106.87M	105.82M	64.01M	53.99M	51.12M	36.11M	26.03M	25.91M	25.36M	16.37M	12.91M	13.23M	13.13M	12.94M	12.75M	12.36M	12.47M	12.56M	12.41M	12.26M	12.02M	11.10M	10.79M	10.51M	10.56M	7.26M	6.89M	6.50M	6.45M	6.55M	6.55M	6.45M	4.28M	4.27M

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Top owners of high-quality office properties were among a batch of public real-estate investment trusts that raised nearly $2.5 billion in debt and equity in the past week.

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August 14, 2024zacks.com

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August 13, 2024prnewswire.com

ATLANTA , Aug. 13, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE:CUZ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $500 million aggregate principal amount of 5.875% senior...

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August 12, 2024zacks.com

Cousins Properties' (CUZ) high-quality office portfolio catering to the rising demand in the Sun Belt region, strategic portfolio rebalancing and strong balance sheet make it an attractive investment bet.

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August 1, 2024prnewswire.com

ATLANTA , Aug. 1, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) and Town Lane announced today they have acquired Proscenium, a 526,000 square foot Class A office building located in the Midtown submarket of Atlanta, GA for approximately $83 million. Town Lane...

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U.S. equity markets posted mixed performance while interest rates dipped to four-month lows as a lukewarm start to corporate earnings season and mixed economic data reinforced Fed rate cut expectations. Another twist in a wild month of politics, President Biden...

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July 26, 2024seekingalpha.com

Cousins Properties Incorporated (NYSE:CUZ ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Pamela Roper - General Counsel Colin Connolly - President & Chief Executive Officer Richard Hickson - EVP of Operations Kennedy Hicks -...

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