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Cousins Properties (CUZ) 10-Q Filings

CUZ NYSE

Here are the 10-Q quarterly reports from Cousins Properties Inc. (CUZ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CUZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CUZ filings page.

Rhea-AI Summary

Cousins Properties Incorporated (CUZ) reported third-quarter 2026 total revenue of $259.4 million, versus $248.3 million a year earlier. Net income available to common stockholders was $17.0 million, or $0.10 per diluted share, compared with $8.6 million, or $0.05. For the first nine months, common-stockholder net income was $18.3 million versus $44.0 million; the company recorded a $36.6 million operating-property impairment during the period.

Nine-month net cash provided by operating activities was $308.3 million, compared with $287.8 million. At September 30, 2026, notes payable were $3.58 billion and cash was $5.2 million; the operating portfolio included 21.2 million square feet of office space and 817,000 square feet of other space. The company acquired 300 South Tryon in Charlotte for $317.5 million and, through its consolidated joint venture, a Dallas land parcel for a $50.0 million gross purchase price. It sold One Eleven Congress for $208.0 million and Research Park V for $42.0 million, recognizing a $9.2 million gain on the latter. First-quarter repurchases totaled 3.9 million shares for $90.0 million.

Rhea-AI Summary

Cousins Properties, a Sun Belt-focused office REIT, reported stronger operating results for the quarter ended June 30, 2026. Rental property revenues were $265.7 million versus $237.7 million a year earlier, and net income available to common stockholders increased to $26.2 million, or $0.16 per share. For the first half, however, net income was $1.3 million versus $35.4 million, largely due to a $36.6 million impairment on One Eleven Congress, while FFO rose modestly to $247.5 million, or $1.49 per share. Same property NOI grew 2.2% in the quarter and 1.9% year to date, supported by higher occupancy and strong leasing spreads.

Capital deployment remained active. The company acquired 300 South Tryon in Charlotte for $317.5 million, sold Harborview Plaza and Research Park V for $39.5 million and $42.0 million, and later sold One Eleven Congress for $208.0 million. Debt expanded to $3.75 billion, including a new $500 million 4.875% senior note issue and a recast $1.2 billion unsecured credit facility with extended maturities and lower spreads. Shareholder returns included $0.64 per share in common dividends and $90.0 million of share repurchases for 3.9 million shares.

Rhea-AI Summary

Cousins Properties reported a net loss available to common stockholders of $24.9 million for the quarter ended March 31, 2026, compared with net income of $20.9 million a year earlier, primarily due to a $36.6 million impairment on One Eleven Congress.

Rental property revenues rose to $261.1 million from $243.0 million, while consolidated NOI increased 8.4% to $176.7 million. Same-property NOI grew modestly, helped by higher occupancy and rent in key Sun Belt markets.

FFO was $122.9 million, or $0.73 per diluted share, versus $124.8 million or $0.74. The company acquired 300 South Tryon in Charlotte for $317.5 million, sold Harborview Plaza for $39.5 million, issued $500 million of 4.875% senior notes due 2033, and repurchased 3.9 million shares for $90.0 million.

Rhea-AI Summary

Cousins Properties (CUZ) reported Q3 2025 results reflecting portfolio growth and active capital management. Rental property revenues were $246.5 million in the quarter, up from $207.3 million a year ago. Net income available to common stockholders was $8.6 million (EPS $0.05). For the nine months, net income available to common stockholders was $44.0 million (EPS $0.26).

The company acquired The Link in Uptown Dallas for $218 million in July, adding 292,000 square feet. Notes payable totaled $3.31 billion, including the June issuance of $500 million 5.25% public senior notes, used to repay $250 million of 3.91% notes, help fund The Link, and for general purposes. Credit facility availability was $916.3 million at quarter-end. Investments in real estate debt were $36.8 million (from $167.2 million at year-end) following the $138.0 million Saint Ann mortgage repayment and $12.8 million Radius mezzanine repayment. The Neuhoff JV amended its construction loan to $250 million outstanding (company share $125 million), SOFR+3.00% with a 6.25% minimum. CUZ also executed forward sales of 2.9 million shares at $30.44, with $88.5 million future settlement proceeds, and had 167,965,499 shares outstanding as of October 24, 2025.