Filing Flows › Cousins Properties (CUZ) › Q2 2025
Cousins Properties (CUZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Cousins Properties (CUZ) reported revenue of $240M for the second quarter 2025 (Q2 2025), +13% from a year earlier and -4% from the quarter before. Operating margin was 69.4%, net earnings $14.7M (6.1% of revenue).
Cousins Properties, Q2 2025: revenue $240M (+13% year over year), operating margin 69.4%, net earnings $14.7M, operating cash flow $123M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -4% | +13% |
| Operating profit | $167M | +0.9% | +18% |
| Net earnings | $14.7M | -31% | +84% |
| Operating cash flow | $123M | +174% | -2% |
| Free cash flow | $50.6M | — | -18% |
What changed
Revenue was $240.1M in Q2 2025, up 13% year over year and down 4% from the previous quarter. Rental property revenues was the largest line at 99% of revenue. Rental property revenues added $26.2M year over year (up 12%), 97% of the total change.
Operating profit was $166.7M, a 69.4% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 94% reached operating profit, above the 66% margin then. Total costs grew 2% against revenue growth of 13%. Net earnings were $14.5M, up 85% year over year. The effective tax rate was 0.0%.
Operating cash flow was $122.6M (down 2% year over year), 836% of net earnings. Non-cash charges added back $100.9M of depreciation and amortization. Working capital and other items added $7.0M. Capital expenditures of $71.9M left free cash flow of $50.6M.
Questions
What was Cousins Properties' revenue in the second quarter 2025?
Cousins Properties (CUZ) reported revenue of $240M for the second quarter 2025 (Q2 2025), +13% from a year earlier and -4% from the quarter before.
Was Cousins Properties profitable in the second quarter 2025?
Operating profit was $167M (69.4% of revenue) and net earnings $14.7M.
Source: Cousins Properties 10-Q on SEC EDGAR.