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Side-by-side financial comparison of COUSINS PROPERTIES INC (CUZ) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $255.0M, roughly 1.3× COUSINS PROPERTIES INC). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -1.4%, a 40.0% gap on every dollar of revenue. On growth, COUSINS PROPERTIES INC posted the faster year-over-year revenue change (13.2% vs 8.7%). Over the past eight quarters, COUSINS PROPERTIES INC's revenue compounded faster (10.4% CAGR vs 6.5%).

Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina. The company has developed notable properties including CNN Center, Omni Coliseum, 191 Peachtree Tower, and Emory Point in Atlanta.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

CUZ vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.3× larger
FRT
$336.0M
$255.0M
CUZ
Growing faster (revenue YoY)
CUZ
CUZ
+4.5% gap
CUZ
13.2%
8.7%
FRT
Higher net margin
FRT
FRT
40.0% more per $
FRT
38.6%
-1.4%
CUZ
Faster 2-yr revenue CAGR
CUZ
CUZ
Annualised
CUZ
10.4%
6.5%
FRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CUZ
CUZ
FRT
FRT
Revenue
$255.0M
$336.0M
Net Profit
$-3.5M
$129.7M
Gross Margin
67.4%
Operating Margin
67.5%
53.8%
Net Margin
-1.4%
38.6%
Revenue YoY
13.2%
8.7%
Net Profit YoY
-125.4%
103.5%
EPS (diluted)
$-0.02
$1.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CUZ
CUZ
FRT
FRT
Q1 26
$336.0M
Q4 25
$255.0M
$336.0M
Q3 25
$248.3M
$322.3M
Q2 25
$240.1M
$311.5M
Q1 25
$250.3M
$309.2M
Q4 24
$225.3M
$311.4M
Q3 24
$209.2M
$303.6M
Q2 24
$213.0M
$296.1M
Net Profit
CUZ
CUZ
FRT
FRT
Q1 26
$129.7M
Q4 25
$-3.5M
$129.7M
Q3 25
$8.6M
$61.6M
Q2 25
$14.5M
$155.9M
Q1 25
$20.9M
$63.8M
Q4 24
$13.6M
$65.5M
Q3 24
$11.2M
$61.0M
Q2 24
$7.8M
$112.0M
Gross Margin
CUZ
CUZ
FRT
FRT
Q1 26
Q4 25
67.4%
Q3 25
67.8%
Q2 25
69.1%
Q1 25
69.2%
Q4 24
67.6%
Q3 24
68.5%
Q2 24
66.8%
Operating Margin
CUZ
CUZ
FRT
FRT
Q1 26
53.8%
Q4 25
67.5%
53.8%
Q3 25
68.1%
34.3%
Q2 25
69.4%
65.1%
Q1 25
66.0%
35.0%
Q4 24
65.8%
35.1%
Q3 24
67.9%
34.9%
Q2 24
66.4%
53.0%
Net Margin
CUZ
CUZ
FRT
FRT
Q1 26
38.6%
Q4 25
-1.4%
38.6%
Q3 25
3.5%
19.1%
Q2 25
6.0%
50.0%
Q1 25
8.3%
20.6%
Q4 24
6.1%
21.0%
Q3 24
5.4%
20.1%
Q2 24
3.7%
37.8%
EPS (diluted)
CUZ
CUZ
FRT
FRT
Q1 26
$1.49
Q4 25
$-0.02
$1.49
Q3 25
$0.05
$0.69
Q2 25
$0.09
$1.78
Q1 25
$0.12
$0.72
Q4 24
$0.09
$0.74
Q3 24
$0.07
$0.70
Q2 24
$0.05
$1.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CUZ
CUZ
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$5.7M
$107.4M
Total DebtLower is stronger
$3.3B
$5.0B
Stockholders' EquityBook value
$4.7B
$3.2B
Total Assets
$8.9B
$9.1B
Debt / EquityLower = less leverage
0.71×
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUZ
CUZ
FRT
FRT
Q1 26
$107.4M
Q4 25
$5.7M
$107.4M
Q3 25
$4.7M
$111.3M
Q2 25
$416.8M
$177.0M
Q1 25
$5.3M
$109.2M
Q4 24
$7.3M
$123.4M
Q3 24
$76.1M
$97.0M
Q2 24
$6.0M
$103.2M
Total Debt
CUZ
CUZ
FRT
FRT
Q1 26
$5.0B
Q4 25
$3.3B
$5.0B
Q3 25
$3.3B
Q2 25
$3.5B
Q1 25
$3.0B
Q4 24
$3.1B
$4.5B
Q3 24
$2.7B
Q2 24
$2.6B
Stockholders' Equity
CUZ
CUZ
FRT
FRT
Q1 26
$3.2B
Q4 25
$4.7B
$3.2B
Q3 25
$4.7B
$3.2B
Q2 25
$4.8B
$3.2B
Q1 25
$4.8B
$3.2B
Q4 24
$4.8B
$3.2B
Q3 24
$4.4B
$3.1B
Q2 24
$4.5B
$3.0B
Total Assets
CUZ
CUZ
FRT
FRT
Q1 26
$9.1B
Q4 25
$8.9B
$9.1B
Q3 25
$8.9B
$8.9B
Q2 25
$9.1B
$8.6B
Q1 25
$8.7B
$8.6B
Q4 24
$8.8B
$8.5B
Q3 24
$7.8B
$8.5B
Q2 24
$7.7B
$8.4B
Debt / Equity
CUZ
CUZ
FRT
FRT
Q1 26
1.53×
Q4 25
0.71×
1.53×
Q3 25
0.70×
Q2 25
0.73×
Q1 25
0.63×
Q4 24
0.64×
1.42×
Q3 24
0.60×
Q2 24
0.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CUZ
CUZ
FRT
FRT
Operating Cash FlowLast quarter
$402.3M
Free Cash FlowOCF − Capex
$135.0M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
104.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUZ
CUZ
FRT
FRT
Q1 26
Q4 25
$402.3M
$622.4M
Q3 25
$120.5M
$147.8M
Q2 25
$122.6M
$150.7M
Q1 25
$44.8M
$179.0M
Q4 24
$400.2M
$574.6M
Q3 24
$117.4M
$144.1M
Q2 24
$125.5M
$169.7M
Free Cash Flow
CUZ
CUZ
FRT
FRT
Q1 26
Q4 25
$135.0M
Q3 25
Q2 25
Q1 25
Q4 24
$147.5M
Q3 24
Q2 24
FCF Margin
CUZ
CUZ
FRT
FRT
Q1 26
Q4 25
53.0%
Q3 25
Q2 25
Q1 25
Q4 24
65.5%
Q3 24
Q2 24
Capex Intensity
CUZ
CUZ
FRT
FRT
Q1 26
Q4 25
104.8%
Q3 25
Q2 25
Q1 25
Q4 24
112.2%
Q3 24
Q2 24
Cash Conversion
CUZ
CUZ
FRT
FRT
Q1 26
Q4 25
4.80×
Q3 25
14.03×
2.40×
Q2 25
8.46×
0.97×
Q1 25
2.14×
2.81×
Q4 24
29.35×
8.77×
Q3 24
10.48×
2.36×
Q2 24
16.01×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CUZ
CUZ

Rental Properties$253.3M99%
Fee And Other Revenue$1.7M1%
Other$1.2M0%

FRT
FRT

Segment breakdown not available.

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