Cousins Properties
Owns and operates Class A Sun Belt office towers through an integrated real estate platform.
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Profile
Invests in Class A office towers across selected high-growth Sun Belt markets. Revenue comes from leasing and managing properties, supported by development and acquisitions; the portfolio is concentrated in a limited set of U.S. metros.
Class A office towers in high-growth Sun Belt markets form the core portfolio. The integrated platform develops, acquires, leases, and manages those properties, rather than operating across a broad range of property types.
Atlanta and Austin represent the largest listed shares of portfolio NOI, with operations also in Charlotte, Phoenix, Tampa, Dallas, Houston, and Nashville. The post-Parkway and TIER platform is a single operating portfolio, not a collection of older homebuilding and retail businesses. The business depends on tenant leasing, office occupancy, and property-market conditions in this limited group of U.S. metros.
Company facts
Categories
Key statistics
Year to date +13.6% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Robert W. Baird | Target | $33 | $35 | ||
| Jul 21, 2026 | Mizuho Securities | Target | $27 | $33 | ||
| Jul 6, 2026 | Evercore ISI | Reiterate | Outperform | $28 | $34 | |
| Apr 30, 2026 | Evercore ISI | Target | $32 | $28 | ||
| Mar 12, 2026 | Capital One Financial | Target | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.08 | $0.16 | +107.0% | $263.0M | $265.7M | +1.0% | −1.19% |
| Apr 29, 2026Q1 FY26 | $0.71 | $0.73 | +2.8% | $256.8M | $261.1M | +1.7% | +2.19% |
| Feb 5, 2026Q4 FY25 | $0.06 | $0.71 | +1,027.3% | $250.9M | $253.3M | +1.0% | −1.16% |
| Oct 30, 2025Q3 FY25 | $0.69 | $0.69 | 0.0% | $252.2M | $248.3M | −1.5% | +0.86% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $250.3M | $240.1M | $248.3M | $255.0M | $263.1M | $268.5M | |
| Gross profit | $173.2M | $165.9M | $168.3M | $64.7M | $180.5M | $268.5M | |
| Operating income | $60.3M | $55.3M | $53.5M | $55.5M | $60.3M | $26.2M | |
| Net income | $20.9M | $14.5M | $8.6M | −$3.5M | −$24.9M | $26.3M | |
| Diluted EPS | $0.12 | $0.09 | $0.05 | −$0.02 | −$0.15 | $0.16 | |
| Gross margin | 69.2% | 69.1% | 67.8% | 25.4% | 68.6% | 100.0% | |
| Operating margin | 24.1% | 23.0% | 21.6% | 21.8% | 22.9% | 9.8% |
Fiscal years (4-quarter sums)FY21 $761.9M · FY22 $764.0M · FY23 $803.6M · FY24 $856.8M · FY25 $993.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.7M · Total debt $3.73B · Total assets $9.04B · Shareholders' equity $4.49B
Dividends
Raised for 15 straight years — most recently to $0.32 from $0.31 in Apr 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 16 | $0.32 | |
| Apr 7, 2026 | Apr 7 | Apr 15 | $0.32 | |
| Jan 5, 2026 | Jan 5 | Jan 14 | $0.32 | |
| Oct 3, 2025 | Oct 3 | Oct 15 | $0.32 | |
| Jul 7, 2025 | Jul 7 | Jul 17 | $0.32 | |
| Apr 3, 2025 | Apr 3 | Apr 15 | $0.32 | |
| Jan 3, 2025 | Jan 3 | Jan 14 | $0.32 | |
| Oct 3, 2024 | Oct 3 | Oct 15 | $0.32 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 164.60M · Float 162.05M · 98.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 23.40M | 14.22% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 16.17M | 9.82% | 13F | Aug 13, 2026 |
| Principal Financial Group Inc | 12.75M | 7.74% | 13F | Aug 4, 2026 |
| Principal Real Estate Investors LLC | 9.30M | 5.50% | 13G | Aug 11, 2025 |
| State Street Corp | 7.98M | 4.85% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Jeffrey D. Symes | officer: SVP, Chief Accounting Officer | −6,033 | $29.44 |
| Sep 5, 2025 | Jeffrey D. Symes | officer: SVP, Chief Accounting Officer | −4,612 | $29.30 |
Peers
- Highwoods Properties
Sun Belt office REIT with five shared CUZ markets
- Piedmont Realty Trust
Class A office owner and operator in Atlanta and Dallas
- Kilroy Realty
Class A office REIT with an Austin CBD office asset
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cousins Properties | $29.40 | −0.15% | $4.85B | 719.8 | 76.7 | 4.7 | +10.7% |
| Highwoods Properties | $31.01 | −0.45% | $3.44B | 20.5 | 37.0 | 4.1 | +7.2% |
| Piedmont Realty Trust | $9.54 | −0.05% | $1.19B | — | — | 2.1 | +2.7% |
| Kilroy Realty | $36.21 | −0.03% | $4.21B | 25.3 | 86.1 | 3.8 | −6.0% |
| Median | 22.9 | 61.6 | 3.8 | +2.7% |