Cousins Properties Incorporated CUZ
Cousins Properties Incorporated 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 buildings 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.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $993.82M | $40.50M | $415.36M | $456.61M | $402.27M |
| 2024 | $856.76M | $45.96M | $365.05M | $534.10M | $400.23M |
| 2023 | $802.87M | $82.96M | $314.90M | $504.18M | $368.36M |
| 2022 | $762.29M | $166.79M | $295.59M | $535.57M | $365.17M |
| 2021 | $755.07M | $278.59M | $288.09M | $634.12M | $389.48M |
| 2020 | $740.34M | $237.28M | $288.65M | $587.37M | $351.09M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-04-07 | 2026-04-07 | 2026-04-15 | 2026-03-18 | $0.32 | Quarterly |
| 2026-01-05 | 2026-01-05 | 2026-01-14 | 2025-12-18 | $0.32 | Quarterly |
| 2025-10-03 | 2025-10-03 | 2025-10-15 | 2025-09-17 | $0.32 | Quarterly |
| 2025-07-07 | 2025-07-07 | 2025-07-17 | 2025-06-18 | $0.32 | Quarterly |
| 2025-04-03 | 2025-04-03 | 2025-04-15 | 2025-03-18 | $0.32 | Quarterly |
| 2025-01-03 | 2025-01-03 | 2025-01-14 | 2024-12-18 | $0.32 | Quarterly |
| 2024-10-03 | 2024-10-03 | 2024-10-15 | 2024-09-17 | $0.32 | Quarterly |
| 2024-07-03 | 2024-07-03 | 2024-07-15 | 2024-06-18 | $0.32 | Quarterly |
| 2024-04-03 | 2024-04-04 | 2024-04-15 | 2024-03-18 | $0.32 | Quarterly |
| 2024-01-03 | 2024-01-04 | 2024-01-16 | 2023-12-19 | $0.32 | Quarterly |
| 2023-10-03 | 2023-10-04 | 2023-10-13 | 2023-09-19 | $0.32 | Quarterly |
| 2023-07-05 | 2023-07-06 | 2023-07-17 | 2023-06-20 | $0.32 | Quarterly |
| 2023-04-04 | 2023-04-05 | 2023-04-14 | 2023-03-20 | $0.32 | Quarterly |
| 2023-01-03 | 2023-01-04 | 2023-01-13 | 2022-12-19 | $0.32 | Quarterly |
| 2022-10-04 | 2022-10-05 | 2022-10-14 | 2022-09-20 | $0.32 | Quarterly |
| 2022-07-05 | 2022-07-06 | 2022-07-15 | 2022-06-21 | $0.32 | Quarterly |
| 2022-04-04 | 2022-04-05 | 2022-04-14 | 2022-03-21 | $0.32 | Quarterly |
| 2022-01-04 | 2022-01-05 | 2022-01-14 | 2021-12-20 | $0.31 | Quarterly |
| 2021-10-04 | 2021-10-05 | 2021-10-15 | 2021-09-21 | $0.31 | Quarterly |
| 2021-07-02 | 2021-07-06 | 2021-07-19 | 2021-06-21 | $0.31 | Quarterly |
| 2021-04-05 | 2021-04-06 | 2021-04-19 | 2021-03-17 | $0.31 | Quarterly |
| 2020-12-31 | 2021-01-04 | 2021-01-14 | 2020-12-17 | $0.30 | Quarterly |
| 2020-10-02 | 2020-10-05 | 2020-10-15 | 2020-09-21 | $0.30 | Quarterly |
| 2020-07-02 | 2020-07-06 | 2020-07-17 | 2020-06-18 | $0.30 | Quarterly |
Coverage (payout of operating cash flow): 53.68%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.