Cousins Properties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	947.42	847.77	799.05	753.51	739.06	721.88
Property Management Fees	2	1.76	1.37	6.12	15.56	18.23
Other Revenue	6.53	4.43	4.75	5.86	7.25	8.18
Total Revenue	955.95	853.96	805.17	765.49	761.87	748.29
Revenue Growth (YoY	15.47%	6.06%	5.18%	0.47%	1.82%	11.65%
Property Expenses	304.31	280.66	266.43	258.37	259.46	250.85
Selling, General & Administrative	39.2	36.57	32.33	28.32	29.32	27.03
Depreciation & Amortization	401.89	365.05	314.9	295.59	288.09	288.65
Other Operating Expenses	0.58	0.63	0.61	2.02	2.48	1.58
Total Operating Expenses	745.97	682.91	614.27	584.3	579.35	568.11
Operating Income	209.98	171.06	190.9	181.19	182.52	180.18
Interest Expense	-149.84	-122.48	-105.46	-72.54	-67.03	-60.61
Other Non-Operating Income	-1.8	-2.1	-2.13	-2.13	-2.13	-2.09
EBT Excluding Unusual Items	58.34	46.48	83.31	106.52	113.37	117.48
Merger & Restructuring Charges	-	-	-	-	-	-0.43
Gain (Loss) on Sale of Investments	-	-	-	60.77	13.08	45.77
Gain (Loss) on Sale of Assets	-	0.1	0.5	-0.01	152.55	90.13
Asset Writedown	-	-	-	-	-	-14.83
Other Unusual Items	-	-	-	0.17	-	-
Pretax Income	58.34	46.58	83.82	167.45	279	238.11
Earnings From Continuing Operations	58.34	46.58	83.82	167.45	279	238.11
Net Income to Company	58.34	46.58	83.82	167.45	279	238.11
Minority Interest in Earnings	-0.74	-0.62	-0.85	-0.65	-0.41	-0.84
Net Income	57.61	45.96	82.96	166.79	278.59	237.28
Net Income to Common	57.61	45.96	82.96	166.79	278.59	237.28
Net Income Growth	12.71%	-44.60%	-50.26%	-40.13%	17.41%	57.75%
Basic Shares Outstanding	165	153	152	150	149	148
Diluted Shares Outstanding	166	154	152	150	149	149
Shares Change (YoY)	8.92%	1.30%	1.08%	1.03%	0.17%	14.48%
EPS (Basic)	0.35	0.30	0.55	1.11	1.87	1.60
EPS (Diluted)	0.35	0.30	0.55	1.11	1.87	1.60
EPS Growth	3.48%	-45.31%	-50.82%	-40.70%	17.08%	36.20%
Dividend Per Share	1.280	1.280	1.280	1.280	1.240	1.200
Dividend Growth	-	-	-	3.23%	3.33%	3.45%
Operating Margin	21.97%	20.03%	23.71%	23.67%	23.96%	24.08%
Profit Margin	6.03%	5.38%	10.30%	21.79%	36.57%	31.71%
EBITDA	600.88	529.64	498.52	469.92	459.02	468.82
EBITDA Margin	62.86%	62.02%	61.91%	61.39%	60.25%	62.65%
D&A For Ebitda	390.9	358.59	307.62	288.73	276.5	288.65
EBIT	209.98	171.06	190.9	181.19	182.52	180.18
EBIT Margin	21.97%	20.03%	23.71%	23.67%	23.96%	24.08%
Funds From Operations (FFO)	467.78	414.09	398.29	-	-	-
FFO Per Share	2.82	2.69	2.62	-	-	-
Adjusted Funds From Operations (AFFO)	-	414.09	398.29	-	-	-
AFFO Per Share	-	2.69	2.62	-	-	-
FFO Payout Ratio	45.05%	47.19%	48.80%	-	-	-
Revenue as Reported	964.11	856.76	802.87	762.29	755.07	740.34

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