Cousins Properties Incorporated
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $993.8M | $856.8M | $802.9M | $762.3M | $755.1M | $740.3M | $657.5M | $475.2M |
| Cost of Revenue | $314.5M | $280.7M | $266.4M | $258.4M | $259.5M | $250.9M | $222.1M | $164.7M |
| Gross Profit | $679.3M | $576.1M | $536.4M | $503.9M | $495.6M | $489.5M | $435.4M | $310.5M |
| Gross Margin | 68.4% | 67.2% | 66.8% | 66.1% | 65.6% | 66.1% | 66.2% | 65.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $673.3M | $570.3M | $531.1M | $502.2M | $493.7M | $486.0M | $431.8M | $326.1M |
| Operating Margin | 67.8% | 66.6% | 66.1% | 65.9% | 65.4% | 65.7% | 65.7% | 68.6% |
| Interest Expense | $159.2M | $122.5M | $105.5M | $72.5M | $67.0M | $60.6M | $54.0M | $39.4M |
| Pretax Income | — | — | — | — | — | — | — | $63.1M |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $40.5M | $46.0M | $83.0M | $166.8M | $278.6M | $237.3M | $152.7M | $80.8M |
| Net Margin | 4.1% | 5.4% | 10.3% | 21.9% | 36.9% | 32.0% | 23.2% | 17.0% |
| EPS (Basic) | $0.24 | $0.30 | $0.55 | $1.11 | $1.87 | $1.60 | $1.17 | $0.75 |
| EPS (Diluted) | $0.24 | $0.30 | $0.55 | $1.11 | $1.87 | $1.60 | $1.17 | $0.75 |
| Shares Outstanding (Basic) | 167.9M | 153.4M | 151.7M | 150.1M | 148.7M | 148.3M | 128.1M | 105.1M |
| Shares Outstanding (Diluted) | 168.7M | 154.0M | 152.0M | 150.4M | 148.9M | 148.6M | 129.8M | 106.9M |
| Dividends Per Share | $1.28 | $1.28 | $1.28 | $1.28 | $1.24 | $1.20 | $1.16 | $1.04 |