Cousins Properties (CUZ) AI Stock Analysis

• Market Cap: $4.64B
• Dividend Yield: 4.6%
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): 74.8
• Beta (1Y): 0.94
• Revenue Growth: 13.07%
• EPS Growth: -4.94%
• Country: US
• Employees: 306
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Office
• EPS (TTM): 0.09
• Shares Outstanding: 167,967,650
• 10 Day Avg. Volume: 1,951,466
• 30 Day Avg. Volume: 1,655,415
• 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: 1.79
• Enterprise Value/Revenue: 8.98
• Enterprise Value/Gross Profit: 13.09
• Enterprise Value/Ebitda: 14.08
• 1Y Price Target: $32.29
• Price Target Upside: 16.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 68 Neutral
• Price Target: $31.00 ▲(11.51% Upside)

Cousins Properties' overall stock score reflects a stable financial position with strong operational efficiency, but challenges in net profitability and cash flow generation. The positive sentiment from the earnings call, driven by strong leasing activity and strategic acquisitions, boosts the score. However, high valuation metrics and neutral technical indicators moderate the overall outlook.

Positive Factors

Earnings Stability

CUZ's earnings are expected to be stable, with below average downside risk, due to its long lease durations and strong balance sheet.

Financial Performance

Cousins Properties reported higher than expected funds from operations per share, and increased their 2025 financial guidance.

Stock Potential

CUZ is upgraded to Outperform from Peer Perform, indicating a strong belief in the stock's potential.

Negative Factors

Atlanta Market

There was a 200bps q/q drop in Atlanta occupancy to 83.1%, with known vacates affecting near-term occupancy.

Leasing Concessions

Leasing concessions for Cousins Properties remain high, representing a larger percentage of rent compared to the sector average.

Occupancy Rates

Office occupancy surprisingly declined 90bps to 89.1%.

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 office spaces to tenants. The company earns rental income from long-term leases with various businesses, which are typically structured to include base rent along with additional costs such as property operating expenses and taxes. Additionally, Cousins Properties may engage in property sales or repositioning, generating capital gains. The company also benefits from strategic partnerships with developers and investors, allowing it to expand its portfolio and enhance its revenue-generating capabilities. Market demand for office spaces in targeted regions and the company’s focus on sustainable and innovative building practices further contribute to its revenue growth.

Cousins Properties Financial Statement Overview

Summary

Cousins Properties displays a solid financial foundation with a strong balance sheet and healthy cash flows. However, declining revenue and profitability margins in the latest TTM period present challenges. The company should focus on improving operational efficiencies to enhance margins and profitability.

Income Statement

Cousins Properties has shown a declining trend in revenue with the latest TTM revenue at $654.3 million compared to $856.8 million in the previous year, indicating a decrease. Gross profit margin for TTM stands at 53.35%, while net profit margin is 4.96%, showcasing moderate profitability. Both EBIT and EBITDA margins are stable but reflect a decline from previous periods, suggesting some operational challenges.

Balance Sheet

The balance sheet remains robust with a debt-to-equity ratio of 0.62, indicating moderate leverage. Return on equity for TTM is 0.67%, showing a decrease in profitability relative to equity. The equity ratio is strong at 55.82%, highlighting a solid equity base compared to total assets.

Cash Flow

Free cash flow has grown by 23.33% from the previous year, and operating cash flow remains healthy, with an operating cash flow to net income ratio of 12.83. The company demonstrates effective cash management, although the free cash flow to net income ratio is 5.60, indicating room for improvement in cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	925.00M	856.76M	802.87M	762.29M	755.07M	740.34M
Gross Profit	634.71M	576.10M	536.44M	503.92M	495.61M	489.49M
EBITDA	590.02M	536.80M	504.18M	479.14M	468.49M	466.73M
Net Income	39.12M	45.96M	82.96M	279.65M	209.37M	172.40M
Balance Sheet
Total Assets	9.05B	8.80B	7.63B	7.54B	7.31B	7.11B
Cash, Cash Equivalents and Short-Term Investments	416.84M	7.35M	6.05M	5.14M	8.94M	4.29M
Total Debt	3.53B	3.15B	2.51B	2.39B	2.29B	2.22B
Total Liabilities	4.25B	3.93B	3.09B	2.89B	2.71B	2.61B
Stockholders Equity	4.78B	4.85B	4.52B	4.63B	4.57B	4.47B
Cash Flow
Free Cash Flow	170.84M	147.50M	368.36M	22.93M	-398.33M	-268.68M
Operating Cash Flow	413.74M	400.23M	368.36M	365.17M	389.48M	351.09M
Investing Cash Flow	-1.15B	-1.31B	-295.74M	-334.50M	-191.07M	-132.46M
Financing Cash Flow	1.15B	906.47M	-71.72M	-35.69M	-194.38M	-230.09M

Cousins Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.80
• 50DMA: Negative
• 100DMA: Positive
• 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 Positive. The current price of 27.8 is above the 20-day moving average (MA) of 27.47, below the 50-day MA of 28.62, and below the 200-day MA of 28.81, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 55.86 is Neutral, neither overbought nor oversold. The STOCH value of 70.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CUZ.

Cousins Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIW	74 Outperform	$3.13B	24.72	5.39%	6.74%	-2.16%	-16.41%
KRC	74 Outperform	$4.53B	20.57	4.06%	5.58%	2.26%	10.15%
CUZ	68 Neutral	$4.64B	74.76	1.30%	4.60%	13.07%	-4.94%
PGRE	66 Neutral	$1.62B	―	-2.52%	0.56%	-1.68%	63.27%
Sector *	62 Neutral	AU$3.04B	8.41	-1.53%	5.05%	16.79%	54.28%
DEI	59 Neutral	$2.96B	67.33	1.74%	5.16%	-0.57%	―
SLG	58 Neutral	$4.08B	663.10	-0.37%	5.51%	15.25%	79.18%

Cousins Properties Corporate Events

Cousins Properties Acquires The Link in Dallas

On July 31, 2025, Cousins Properties announced the acquisition of The Link, a 292,000 square foot lifestyle office property in Uptown Dallas, for $218 million. The acquisition, which closed on July 28, 2025, is part of Cousins’ strategy to expand its presence in high-growth markets, enhancing its portfolio and geographic concentration. The property is 93.6% leased with a weighted average lease term of over nine years, and the acquisition is expected to be immediately accretive to earnings, funded through a combination of excess proceeds from a senior note offering and other financial strategies.

The most recent analyst rating on (CUZ) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Cousins Properties stock, see the CUZ Stock Forecast page.

Cousins Properties Enters Underwriting Agreement for Note Sale

On May 28, 2025, Cousins Properties entered into an Underwriting Agreement with Wells Fargo Securities, BofA Securities, and TD Securities to sell notes, with the underwriters agreeing to purchase these notes under specified terms. This agreement, filed as part of a Current Report on Form 8-K, is intended to be incorporated into a Registration Statement on Form S-3, reflecting the company’s strategic financial maneuvering to potentially bolster its market position and liquidity.

The most recent analyst rating on (CUZ) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Cousins Properties stock, see the CUZ Stock Forecast page.