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Cousins Properties CUZ Office — Rental property operating expenses

Other segment segments

Non-Office
$1.7M+6.7%

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Other financials

Income statement

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Revenue$263.1M+5.1%
Gross profit$180.5M+4.2%
Net income-$24.9M-219%
EPS (diluted)-$0.15-225%

Balance sheet

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Cash & equivalents$6.3M+18.1%
Total debt$3.8B+24.5%
Total equity$4.5B-6.3%
Total assets$9.1B+4.9%

Cash flow

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Operating cash flow$40.5M-9.6%
CapEx$66.8M+5.7%
Free cash flow$33.8M-8.4%

Valuation

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Market cap$4.91B+8.4%
Enterprise value$8.73B+14.2%
P/S4.9×0.0×

Profitability

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Gross margin68.2%+0.2pp
Net margin-0.2%-6.1pp
FCF margin13.6%-3.6pp

Returns & leverage

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Return on equity-0%-1.2pp
Debt / equity0.8×+0.2×

Where this comes from

Reported directly by Cousins Properties in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Cousins Properties’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 4:22 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000025232-26-000044
Three Months Ended March 31, 2026Rental Property RevenuesRental Property Operating ExpensesNOI
Dallas12,4534,0358,418
Houston8,7723,2145,558
Nashville1,680905775
Segment Totals$261,613$83,864$177,749
Other Non - Office Properties4,0131,6992,314
Portfolio Totals$265,626$85,563$180,063
Less: Company's share from unconsolidated joint ventures$(6,349)$(2,978)
Termination Fees1,831

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Cousins Properties's office — rental property operating expenses?
Cousins Properties (CUZ) reported office — rental property operating expenses of $83.86M in Q1 2026.
How has Cousins Properties's office — rental property operating expenses changed year-over-year?
Cousins Properties's office — rental property operating expenses increased by 7.7% year-over-year, from $77.87M to $83.86M.
What is the long-term trend for Cousins Properties's office — rental property operating expenses?
Over 3 years (2022 to 2025), Cousins Properties's office — rental property operating expenses has grown at a 7.0% compound annual growth rate (CAGR), from $260.08M to $318.46M.
What does office — rental property operating expenses mean?
This metric represents the total direct costs incurred to operate and maintain the office real estate portfolio, including property management fees, utilities, repairs, and maintenance. It reflects the operational efficiency of the company's office assets and is a key component in calculating property-level profitability. Monitoring these expenses helps investors assess the company's ability to control costs amidst inflationary pressures or changes in building occupancy.

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