Cousins Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	980.55	847.77	799.05	753.51	739.06
Property Management Fees	2.04	1.76	1.37	6.12	15.56
Other Revenue	3.07	4.43	4.75	5.86	7.25
Total Revenue	985.66	853.96	805.17	765.49	761.87
Revenue Growth (YoY	15.42%	6.06%	5.18%	0.47%	1.82%
Property Expenses	314.5	280.66	266.43	258.37	259.46
Selling, General & Administrative	38.64	36.57	32.33	28.32	29.32
Depreciation & Amortization	415.36	365.05	314.9	295.59	288.09
Other Operating Expenses	0.54	0.63	0.61	2.02	2.48
Total Operating Expenses	769.04	682.91	614.27	584.3	579.35
Operating Income	216.61	171.06	190.9	181.19	182.52
Interest Expense	-159.24	-122.48	-105.46	-72.54	-67.03
Other Non-Operating Income	-1.8	-2.1	-2.13	-2.13	-2.13
EBT Excluding Unusual Items	55.57	46.48	83.31	106.52	113.37
Gain (Loss) on Sale of Investments	-	-	-	60.77	13.08
Gain (Loss) on Sale of Assets	-	0.1	0.5	-0.01	152.55
Asset Writedown	-14.32	-	-	-	-
Other Unusual Items	-	-	-	0.17	-
Pretax Income	41.25	46.58	83.82	167.45	279
Earnings From Continuing Operations	41.25	46.58	83.82	167.45	279
Net Income to Company	41.25	46.58	83.82	167.45	279
Minority Interest in Earnings	-0.75	-0.62	-0.85	-0.65	-0.41
Net Income	40.5	45.96	82.96	166.79	278.59
Net Income to Common	40.5	45.96	82.96	166.79	278.59
Net Income Growth	-11.88%	-44.60%	-50.26%	-40.13%	17.41%
Basic Shares Outstanding	168	153	152	150	149
Diluted Shares Outstanding	169	154	152	150	149
Shares Change (YoY)	9.54%	1.30%	1.08%	1.03%	0.17%
EPS (Basic)	0.24	0.30	0.55	1.11	1.87
EPS (Diluted)	0.24	0.30	0.55	1.11	1.87
EPS Growth	-19.56%	-45.31%	-50.82%	-40.70%	17.08%
Dividend Per Share	1.280	1.280	1.280	1.280	1.240
Dividend Growth	-	-	-	3.23%	3.33%
Operating Margin	21.98%	20.03%	23.71%	23.67%	23.96%
Profit Margin	4.11%	5.38%	10.30%	21.79%	36.57%
EBITDA	631.97	536.1	505.8	469.92	459.02
EBITDA Margin	64.12%	62.78%	62.82%	61.39%	60.25%
D&A For Ebitda	415.36	365.05	314.9	288.73	276.5
EBIT	216.61	171.06	190.9	181.19	182.52
EBIT Margin	21.98%	20.03%	23.71%	23.67%	23.96%
Funds From Operations (FFO)	478.4	414.09	-	-	-
FFO Per Share	2.84	2.69	-	-	-
Adjusted Funds From Operations (AFFO)	478.4	414.09	-	-	-
AFFO Per Share	2.84	2.69	-	-	-
FFO Payout Ratio	45.11%	47.19%	-	-	-
Revenue as Reported	993.82	856.76	802.87	762.29	755.07

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.