
Cousins Properties Incorporated Balance Sheet 2025-2008 | CUZ
Brief overview of Cousins Properties Incorporated's balance sheet strength
The review uses the five latest available annual reports between 2021 and 2025.
Assets added +21.6%, reaching $8.9 billion from $7.3 billion five periods earlier; annual growth near 5% remained solid.
Asset growth of +21.6% came with a +54.4% rise in liabilities. Financial leverage became more prominent.
The equity ratio reached 52.6% from 62.9%. A high capital share reduces dependence on liabilities.
Each unit of equity supports about 0.71x of net debt. The level is not critical, though flexibility is narrower.
Cash accounts for 0.1% of assets versus 0.1% initially. The change indicates the degree of financial flexibility.
What the balance sheet shows
Cousins Properties Incorporated retains a reasonably healthy balance sheet structure, which still needs support from earnings and cash flow.
Annual Balance Sheet Cousins Properties Incorporated
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.34 B | 3.09 B | 2.45 B | 2.33 B | 2.23 B | 2.16 B | 2.21 B | 1.06 B | 944 M | 1.35 B | 719 M | 792 M | 629 M | 249 M | 535 M | 502 M | - | - |
Long Term Debt |
3.34 B | 3.1 B | 2.46 B | 2.33 B | 2.24 B | 2.16 B | 2.22 B | 1.06 B | 1.09 B | 1.38 B | 721 M | 792 M | 630 M | 425 M | 539 M | 510 M | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 2.49 B | 1.21 B | 1.24 B | 1.55 B | 841 M | 907 M | 738 M | 447 M | 555 M | - | - | - |
Total Liabilities |
4.19 B | 3.93 B | 3.09 B | 2.89 B | 2.71 B | 2.61 B | 2.72 B | 1.33 B | 1.38 B | 1.66 B | 914 M | 994 M | 814 M | 481 M | 595 M | 564 M | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.98 M | - | - | - |
Retained Earnings |
- | - | - | - | - | - | -1.14 B | -1.13 B | -1.12 B | -1.21 B | -124 M | -181 M | -165 M | -260 M | -274 M | - | - | - |
Total Assets |
8.89 B | 8.8 B | 7.63 B | 7.54 B | 7.31 B | 7.11 B | 7.15 B | 4.15 B | 4.2 B | 4.17 B | 2.6 B | 2.67 B | 2.27 B | 1.12 B | 1.24 B | 1.37 B | 1.49 B | - |
Cash and Cash Equivalents |
5.72 M | 7.35 M | 6.05 M | 5.14 M | 8.94 M | 4.29 M | 15.6 M | 2.55 M | 149 M | 35.7 M | 2 M | - | 975 K | 177 M | 7.6 M | 7.6 M | 9.46 M | 83 M |
Book Value |
4.7 B | 4.87 B | 4.55 B | 4.65 B | 4.6 B | 4.5 B | 4.43 B | 2.82 B | 2.83 B | 2.51 B | 1.68 B | 1.67 B | 1.46 B | 643 M | 640 M | 807 M | 1.49 B | - |
Total Shareholders Equity |
4.68 B | 4.85 B | 4.52 B | 4.63 B | 4.6 B | 4.5 B | 4.36 B | 2.77 B | 2.77 B | 2.46 B | 1.68 B | 1.67 B | 1.46 B | 620 M | 604 M | 760 M | 820 M | 504 M |
All numbers in USD currency
Quarterly Balance Sheet Cousins Properties Incorporated
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
3.73 B | 3.77 B | 3.34 B | 3.31 B | 3.48 B | 3.02 B | 3.1 B | 2.66 B | 2.59 B | 2.56 B | 2.46 B | 2.42 B | 2.42 B | 2.45 B | 2.33 B | 2.3 B | - | 2.35 B | 2.24 B | 2.05 B | 2.05 B | 2.21 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.22 B | 2.22 B | 2.22 B | 2.22 B | 1.06 B | 1.06 B | 1.06 B | 1.06 B | 1.09 B | 1.09 B | 1.09 B | 1.09 B | 1.38 B | 1.38 B | 1.38 B | 1.38 B | 719 M | 719 M | 719 M | 719 M | 792 M | 792 M | 792 M | 792 M | 630 M | 630 M | 630 M | 630 M | 425 M | 425 M | 425 M | 425 M | 539 M | 539 M | 539 M | 539 M |
Total Liabilities |
4.55 B | 4.55 B | 4.19 B | 4.14 B | 4.25 B | 3.83 B | 3.93 B | 3.33 B | 3.22 B | 3.17 B | 3.09 B | 3.01 B | 2.99 B | 2.96 B | 2.89 B | 2.83 B | - | 2.78 B | 2.71 B | 2.5 B | 2.48 B | 2.62 B | 2.61 B | 2.61 B | 2.61 B | 2.61 B | 2.72 B | 2.72 B | 2.72 B | 2.72 B | 1.33 B | 1.33 B | 1.33 B | 1.33 B | 1.38 B | 1.38 B | 1.38 B | 1.38 B | 1.66 B | 1.66 B | 1.66 B | 1.66 B | 912 M | 912 M | 912 M | 912 M | 994 M | 994 M | 994 M | 994 M | 814 M | 814 M | 814 M | 814 M | 481 M | 481 M | 481 M | 481 M | 595 M | 595 M | 595 M | 595 M |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.9 M | 37.4 M | 35.9 M | 34.7 M | 35.4 M | 33.3 M | 33.3 M | 33.3 M | 33.3 M | 29.8 M | 29.8 M | 29.8 M | 29.8 M | 23.3 M | 23.3 M | 23.3 M | 23.3 M | 25.8 M | 25.8 M | 25.8 M | 25.8 M | 11.9 M | 11.9 M | 11.9 M | 11.9 M | - | - | - | - |
Total Assets |
9.04 B | 9.09 B | 8.89 B | 8.9 B | 9.05 B | 8.66 B | 8.8 B | 7.77 B | 7.7 B | 7.68 B | 7.63 B | 7.59 B | 7.6 B | 7.58 B | 7.54 B | 7.5 B | - | 7.36 B | 7.31 B | 6.98 B | 6.95 B | 7.11 B | 7.11 B | 7.11 B | 7.11 B | 7.11 B | 7.15 B | 7.15 B | 7.15 B | 7.15 B | 4.15 B | 4.15 B | 4.15 B | 4.15 B | 4.2 B | 4.2 B | 4.2 B | 4.2 B | 4.17 B | 4.17 B | 4.17 B | 4.17 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.67 B | 2.67 B | 2.67 B | 2.67 B | 2.27 B | 2.27 B | 2.27 B | 2.27 B | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.24 B | 1.24 B | 1.24 B | 1.24 B |
Cash and Cash Equivalents |
6.7 M | 6.3 M | 5.72 M | 4.68 M | 417 M | 5.33 M | 7.35 M | 76.1 M | 5.95 M | 5.45 M | 6.05 M | 6.93 M | 8.03 M | 3.58 M | 5.14 M | 6.74 M | 5.29 M | 8.23 M | 8.94 M | 6.77 M | 9.79 M | 14.6 M | 4.29 M | 4.29 M | 4.29 M | 4.29 M | 15.6 M | 15.6 M | 15.6 M | 15.6 M | 2.55 M | 2.55 M | 2.55 M | 2.55 M | 149 M | 149 M | 149 M | 149 M | 35.7 M | 35.7 M | 35.7 M | 35.7 M | 2 M | 2 M | 2 M | 2 M | - | - | - | - | 975 K | 975 K | 975 K | 975 K | 177 M | 177 M | 177 M | 177 M | 7.6 M | 4.86 M | 4.86 M | 4.86 M |
Book Value |
4.49 B | 4.53 B | 4.7 B | 4.76 B | 4.8 B | 4.84 B | 4.87 B | 4.44 B | 4.48 B | 4.51 B | 4.55 B | 4.58 B | 4.6 B | 4.62 B | 4.65 B | 4.67 B | - | 4.58 B | 4.6 B | 4.48 B | 4.47 B | 4.48 B | 4.5 B | 4.5 B | 4.5 B | 4.5 B | 4.43 B | 4.43 B | 4.43 B | 4.43 B | 2.82 B | 2.82 B | 2.82 B | 2.82 B | 2.83 B | 2.83 B | 2.83 B | 2.83 B | 2.51 B | 2.51 B | 2.51 B | 2.51 B | 1.68 B | 1.68 B | 1.68 B | 1.68 B | 1.67 B | 1.67 B | 1.67 B | 1.67 B | 1.46 B | 1.46 B | 1.46 B | 1.46 B | 643 M | 643 M | 643 M | 643 M | 640 M | 640 M | 640 M | 640 M |
Total Shareholders Equity |
4.48 B | 4.51 B | 4.68 B | 4.73 B | 4.78 B | 4.84 B | 4.85 B | 4.42 B | 4.48 B | 4.51 B | 4.52 B | 4.58 B | 4.6 B | 4.62 B | 4.63 B | 4.67 B | 4.63 B | 4.58 B | 4.57 B | 4.48 B | 4.44 B | 4.45 B | 4.47 B | 4.47 B | 4.47 B | 4.47 B | 4.36 B | 4.36 B | 4.36 B | 4.36 B | 2.77 B | 2.77 B | 2.77 B | 2.77 B | 2.77 B | 2.77 B | 2.77 B | 2.77 B | 2.46 B | 2.46 B | 2.46 B | 2.46 B | 1.68 B | 1.68 B | 1.68 B | 1.68 B | 1.67 B | 1.67 B | 1.44 B | 1.55 B | 1.46 B | 1.46 B | 1.46 B | 1.46 B | 620 M | 620 M | 620 M | 620 M | 604 M | 604 M | 604 M | 604 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Cousins Properties Incorporated, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Reit office
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
|
Mack-Cali Realty Corporation
CLI
|
- | 0.29 % | $ 1.55 B | ||
|
Equity Commonwealth
EQC
|
- | - | $ 172 M | ||
|
Easterly Government Properties
DEA
|
$ 24.31 | 0.41 % | $ 1.09 B | ||
|
City Office REIT
CIO
|
$ 6.99 | -0.14 % | $ 281 M | ||
|
Alexandria Real Estate Equities
ARE
|
$ 52.65 | 0.03 % | $ 8.97 B | ||
|
CoreSite Realty Corporation
COR
|
$ 330.95 | 0.26 % | $ 14 B | ||
|
Boston Properties
BXP
|
$ 67.69 | 0.23 % | $ 10.7 B | ||
|
Douglas Emmett
DEI
|
$ 11.42 | 1.24 % | $ 1.91 B | ||
|
Franklin Street Properties Corp.
FSP
|
$ 0.4 | 0.92 % | $ 41.5 M | ||
|
Global Net Lease
GNL
|
$ 9.12 | 0.27 % | $ 2.04 B | ||
|
Highwoods Properties
HIW
|
$ 31.19 | 0.56 % | $ 3.38 B | ||
|
Hudson Pacific Properties
HPP
|
$ 12.61 | 0.16 % | $ 563 M | ||
|
JBG SMITH Properties
JBGS
|
$ 11.7 | 0.77 % | $ 788 M | ||
|
Kilroy Realty Corporation
KRC
|
$ 37.14 | 0.46 % | $ 4.39 B | ||
|
Paramount Group
PGRE
|
- | - | $ 1.43 B | ||
|
SL Green Realty Corp.
SLG
|
$ 55.56 | 1.22 % | $ 3.91 B |