Filing Flows › Cousins Properties (CUZ) › Q1 2025
Cousins Properties (CUZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Cousins Properties (CUZ) reported revenue of $250M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +11% from the quarter before. Operating margin was 66.0%, net earnings $21.1M (8.4% of revenue).
Cousins Properties, Q1 2025: revenue $250M (+20% year over year), operating margin 66.0%, net earnings $21.1M, operating cash flow $44.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +11% | +20% |
| Operating profit | $165M | +11% | +19% |
| Net earnings | $21.1M | +53% | +57% |
| Operating cash flow | $44.8M | -65% | +58% |
What changed
Revenue was $250.3M in Q1 2025, up 20% year over year and up 11% from the previous quarter. Rental property revenues was the largest line at 97% of revenue. Rental property revenues added $34.2M year over year (up 16%), 83% of the total change.
Operating profit was $165.2M, a 66.0% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 65% reached operating profit, below the 66% margin then. Total costs grew 21% against revenue growth of 20%. Net earnings were $20.9M, up 57% year over year. The effective tax rate was 0.0%.
Operating cash flow was $44.8M (up 58% year over year), 212% of net earnings. Non-cash charges added back $102.1M of depreciation and amortization. Working capital and other items used $78.4M. Capital expenditures of $54.3M exceeded it, leaving free cash flow of −$9.6M.
Questions
What was Cousins Properties' revenue in the first quarter 2025?
Cousins Properties (CUZ) reported revenue of $250M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +11% from the quarter before.
Was Cousins Properties profitable in the first quarter 2025?
Operating profit was $165M (66.0% of revenue) and net earnings $21.1M.
Source: Cousins Properties 10-Q on SEC EDGAR.