COUSINS PROPERTIES INC

For the period ended Sep 30, 2024. Filed Oct 24, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 24, 2024

CUZ$30.12+1.8%Stored close · as of Nov 9, 2026

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited; in thousands, except per share amounts)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
	2024	2023	2024	2023
Revenues:
Rental property revenues	$207,260	$198,429	$627,552	$602,459
Fee income	495	318	1,280	1,044
Other	1,457	101	2,599	2,393
	209,212	198,848	631,431	605,896
Expenses:
Rental property operating expenses	66,005	64,838	207,714	203,150
Reimbursed expenses	188	149	479	515
General and administrative expenses	9,204	8,336	27,325	24,795
Interest expense	30,773	27,008	89,424	78,010
Depreciation and amortization	89,784	79,492	271,429	235,531
Other	327	623	1,602	1,484
	196,281	180,446	597,973	543,485
Income (loss) from unconsolidated joint ventures	(1,575)	582	(788)	2,008
Gain on investment property transactions	—	507	98	505
Net income	11,356	19,491	32,768	64,924
Net income attributable to noncontrolling interests	(158)	(130)	(442)	(746)
Net income available to common stockholders	$11,198	$19,361	$32,326	$64,178
Net income per common share — basic and diluted	$0.07	$0.13	$0.21	$0.42
Weighted average shares — basic	152,140	151,774	152,060	151,692
Weighted average shares — diluted	152,812	152,048	152,604	152,018
See accompanying notes.

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