Cousins Properties (CUZ) AI Stock Analysis

• Market Cap: $4.22B
• Dividend Yield: 5.11%
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): 72.4
• Beta (1Y): 0.73
• Revenue Growth: 16.38%
• EPS Growth: 3.60%
• Country: US
• Employees: 306
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): 0.05
• Shares Outstanding: 167,965,500
• 10 Day Avg. Volume: 1,518,903
• 30 Day Avg. Volume: 1,235,546
• PEG Ratio: -2.25
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 5.49
• P/FCF Ratio: 31.87
• Enterprise Value/Market Cap: 1.99
• Enterprise Value/Revenue: 8.69
• Enterprise Value/Gross Profit: 12.70
• Enterprise Value/Ebitda: 13.70
• 1Y Price Target: $30.89
• Price Target Upside: 23.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 0.35
• Revenue Forecast (FY): $974.92M

• Rating: 63 Neutral
• Price Target: $28.00 ▲(11.78% Upside)

Cousins Properties' overall stock score reflects a mix of strong financial performance and strategic growth initiatives, offset by technical indicators suggesting bearish momentum and a high P/E ratio indicating potential overvaluation. The company's focus on premium office assets and robust leasing activity are positive factors, but cash flow management remains a concern.

Positive Factors

Revenue Growth

Consistent revenue growth indicates the company's ability to expand its market presence and adapt to changing market conditions, supporting long-term stability.

Strategic Acquisitions

Strategic acquisitions in high-growth markets like Dallas enhance the company's portfolio and align with its lifestyle office strategy, driving future growth.

Leasing Pipeline

A strong leasing pipeline with interest from major firms ensures sustained occupancy rates and revenue, supporting long-term financial health.

Negative Factors

Cash Flow Management

Negative free cash flow and poor conversion rates highlight challenges in cash management, potentially impacting the company's ability to fund growth and operations.

Occupancy Challenges

Lease expirations like Bank of America's can lead to reduced occupancy rates, affecting rental income and overall financial performance.

Project Delays

Delays in project stabilization, such as at Neuhoff, can hinder expected revenue streams and impact financial projections, posing risks to growth targets.

Cousins Properties Business Overview & Revenue Model

Company Description

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.

How the Company Makes Money

Cousins Properties generates revenue primarily through leasing its commercial properties to tenants, which includes long-term leases with office users, retail clients, and other businesses. The company earns rental income, which constitutes a significant portion of its revenue. Additionally, Cousins engages in property development, allowing it to capitalize on rising property values and generate additional income through the sale or leasing of newly developed spaces. The company may also benefit from strategic partnerships with other developers and businesses, enhancing its market presence and access to capital. Other revenue streams can include property management fees and ancillary services related to their real estate portfolio.

Cousins Properties Financial Statement Overview

Summary

Cousins Properties demonstrates solid revenue growth and operational efficiency with strong EBIT and EBITDA margins. The balance sheet reflects moderate leverage and a stable equity position. However, cash flow management poses a risk, with negative free cash flow growth and conversion issues.

Income Statement

Cousins Properties shows strong revenue growth with a 4.23% increase in TTM, indicating a positive trajectory. The gross profit margin remains healthy at 57.50%, although it has decreased from previous years. The net profit margin is modest at 5.98%, reflecting stable profitability. EBIT and EBITDA margins are robust, suggesting efficient operations.

Balance Sheet

The company's debt-to-equity ratio is 0.70, indicating moderate leverage, which is typical for the REIT industry. Return on equity is low at 1.20%, suggesting limited profitability relative to equity. The equity ratio of 53.45% shows a solid capital structure with a good proportion of equity financing.

Cash Flow

Operating cash flow is strong, covering net income 1.39 times, indicating good cash generation. However, free cash flow is negative, and its growth rate is concerning at -109.57%, highlighting potential cash management issues. The free cash flow to net income ratio is negative, suggesting challenges in converting income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	964.11M	856.76M	802.87M	762.29M	755.07M	740.34M
Gross Profit	659.80M	576.10M	536.44M	503.92M	495.61M	489.49M
EBITDA	612.08M	534.10M	504.18M	535.57M	634.12M	587.37M
Net Income	57.61M	45.96M	82.96M	166.79M	278.59M	237.28M
Balance Sheet
Total Assets	8.90B	8.80B	7.63B	7.54B	7.31B	7.11B
Cash, Cash Equivalents and Short-Term Investments	4.67M	7.35M	6.05M	5.14M	8.94M	4.29M
Total Debt	3.36B	3.15B	2.51B	2.39B	2.29B	2.22B
Total Liabilities	4.14B	3.93B	3.09B	2.89B	2.71B	2.61B
Stockholders Equity	4.73B	4.85B	4.52B	4.63B	4.57B	4.47B
Cash Flow
Free Cash Flow	-264.19M	147.50M	368.36M	22.93M	389.48M	351.09M
Operating Cash Flow	416.84M	400.23M	368.36M	365.17M	389.48M	351.09M
Investing Cash Flow	-1.39B	-1.31B	-295.74M	-334.50M	-191.07M	-132.46M
Financing Cash Flow	898.73M	906.47M	-71.72M	-35.69M	-194.38M	-230.09M

Cousins Properties Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CUZ, the sentiment is Negative. The current price of 25.05 is below the 20-day moving average (MA) of 25.17, below the 50-day MA of 25.74, and below the 200-day MA of 27.37, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 44.60 is Neutral, neither overbought nor oversold. The STOCH value of 64.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CUZ.

Cousins Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CDP	73 Outperform	$6.59B	22.12	10.01%	4.20%	0.06%	8.88%
KRC	71 Outperform	$4.65B	14.37	5.94%	5.61%	0.77%	62.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HIW	65 Neutral	$2.82B	22.22	5.37%	7.84%	-2.10%	-13.30%
CUZ	63 Neutral	$4.22B	72.43	1.26%	5.11%	16.38%	3.60%
DEI	52 Neutral	$1.90B	91.37	1.03%	6.45%	-0.12%	―
SLG	49 Neutral	$3.38B	-13,439.39	0.61%	6.97%	8.60%	―

Cousins Properties Corporate Events

Cousins Properties Highlights Strategy at REITWorld 2025

On December 9, 2025, Cousins Properties presented an investor presentation at the Nareit’s REITWorld: 2025 Annual Conference in Dallas, Texas. The presentation highlighted the company’s focus on premium office assets that offer modern amenities and are located in vibrant markets, contrasting them with older, less desirable properties. This strategic emphasis on high-quality office spaces is aimed at enhancing recruitment, retention, and corporate culture, reflecting a broader industry trend towards quality and adaptability in office real estate.