Cousins Properties｜10-Q：2025 財年 Q2 營收 2.38 億美元

Revenue: As of FY2025 Q2, the actual value is USD 237.72 M.

EPS: As of FY2025 Q2, the actual value is USD 0.09, missing the estimate of USD 0.0937.

EBIT: As of FY2025 Q2, the actual value is USD 38.51 M.

Segment Revenue

• Austin: Rental property revenues of $86,828,000 for the three months ended June 30, 2025, compared to $73,602,000 for the same period in 2024.
• Atlanta: Rental property revenues of $79,128,000 for the three months ended June 30, 2025, compared to $75,904,000 for the same period in 2024.
• Charlotte: Rental property revenues of $22,691,000 for the three months ended June 30, 2025, compared to $13,819,000 for the same period in 2024.
• Tampa: Rental property revenues of $20,037,000 for the three months ended June 30, 2025, compared to $19,560,000 for the same period in 2024.
• Phoenix: Rental property revenues of $16,212,000 for the three months ended June 30, 2025, compared to $14,832,000 for the same period in 2024.
• Dallas: Rental property revenues of $4,609,000 for the three months ended June 30, 2025, compared to $4,330,000 for the same period in 2024.
• Other: Rental property revenues of $10,442,000 for the three months ended June 30, 2025, compared to $8,400,000 for the same period in 2024.

Operational Metrics

• Net Income: $14,658,000 for the three months ended June 30, 2025, compared to $7,961,000 for the same period in 2024.
• Operating Expenses: Total rental property operating expenses were $74,179,000 for the three months ended June 30, 2025, compared to $70,634,000 for the same period in 2024.
• Net Operating Income (NOI): $163,536,000 for the three months ended June 30, 2025, compared to $139,754,000 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $167,312,000 for the six months ended June 30, 2025, compared to $153,807,000 for the same period in 2024.
• Net Cash Used in Investing Activities: -$25,411,000 for the six months ended June 30, 2025, compared to -$181,275,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $267,590,000 for the six months ended June 30, 2025, compared to $27,375,000 for the same period in 2024.

Unique Metrics

• Leasing Activity: Leased 334,000 square feet of office space during the quarter, with 268,000 square feet being new and expansion leases.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its core markets in the Sun Belt, leveraging long-term migration trends and the flight to quality among office users to drive growth.
• Non-Core Business: The company intends to exit non-core holdings and reposition its portfolio through strategic sales and acquisitions.