10-K · February 5, 2026
Cousins Properties reiterates a Sun Belt-focused, ‘lifestyle office’ strategy targeting Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas and Nashville and emphasizes disciplined capital allocation through…
Earnings analysis · 10-Q
CUZ earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Cousins Properties reported disappointing results for Q1 2026, posting a significant net loss of $24.9 million and a diluted EPS loss of $0.15, contrasting sharply with the previous year's net income of $20.9 million…
Read full summary
Cousins Properties reported disappointing results for Q1 2026, posting a significant net loss of $24.9 million and a diluted EPS loss of $0.15, contrasting sharply with the previous year's net income of $20.9 million and an EPS of $0.12. Revenue rose to $261.1 million, an 8.0% increase from $243.0 million in Q1 2025, showcasing growth despite the loss. Changes in balance sheet components indicated increased leverage and cash outflows from investing activities, while operating cash flow remained stable.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.15
What stood out
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8.0% Revenue Growth
Revenue increased to $261.1 million from $243.0 million in Q1 2025, an increase of $18.1 million.
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Impacts of Impairment Loss
The company recorded an impairment loss of $36.6 million, contributing to the net loss of $24.9 million.
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NOI from Acquisitions
Total Net Operating Income (NOI) increased by 8.4% to $176.7 million, up from $163.0 million.
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Leasing Activity Metrics
Leased 932,000 square feet in Q1 2026, including 483,000 square feet of new leases.
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Increased Debt Levels
The company issued $500 million in unsecured senior notes, contributing to total unsecured debt now at $1.9 billion.
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Cash Flow from Operations
Net cash provided by operating activities totaled $40.5 million, only down by $4.3 million year-over-year.
What to watch
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Increased Interest Expense
Interest expense rose by 22.6%, from $36.8 million in Q1 2025 to $45.1 million due to new debt issuance.
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Significant Net Loss
Net loss of $24.9 million contrasts with $20.9 million in net income for the same quarter last year.
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Decline in Other Income
Other income decreased significantly by $6.0 million mainly due to the sale of a bankruptcy claim in Q1 2025.
Management's outlook
Outlook involves strong leasing pipeline, but no numerical guidance provided.
Earlier filings 4
10-Q · October 30, 2025
Cousins Properties reported Q3 revenue of $248.326M, up 18.7% versus $209.212M a year ago, driven by higher rental property revenues. Despite top-line growth, net income available to common stockholders fell to $8.59M…
10-Q · July 31, 2025
Cousins Properties reported Q2 2025 revenue of $240.128M, up 12.8% year-over-year but down 4.1% sequentially. Operating margin improved materially year-over-year to ~22.8% (operating income $54.8M) and diluted EPS rose…
10-Q · July 25, 2024
Cousins Properties reported a solid second quarter for 2024, with revenues increasing by 4.2% to $212.978 million compared to $204.320 million in the same quarter last year. However, net income dropped significantly to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.