(CUZ) Cousins Properties - Overview
Sector: Real Estate | Industry: REIT - Office | Exchange: NYSE (USA) | Market Cap: 4.412m USD | Total Return: -1.4% in 12m
Avg Turnover: 43.5M
EPS Trend: -85.4%
Qual. Beats: 0
Rev. Trend: 96.0%
Qual. Beats: 0
Warnings
High Debt/EBITDA (6.4) with thin interest coverage (1.1)
High Debt while negative Cash Flow
Altman Z'' -0.92 < 1.0 - financial distress zone
Fakeout
Tailwinds
Supp Ema20
Cousins Properties Incorporated (NYSE: CUZ) is a self-managed real estate investment trust (REIT) headquartered in Atlanta, Georgia. Founded in 1958, the company specializes in the development, acquisition, and management of Class A office spaces. Its portfolio is concentrated in high-growth Sun Belt markets, focusing on trophy assets characterized by modern amenities and prime locations.
The company operates as an integrated platform, managing the full lifecycle of real estate assets from initial construction to long-term leasing. In the REIT sector, Class A properties often command higher rent premiums and attract tenants with stronger credit profiles compared to older, Class B or C inventory. This focus on premium assets in the Sun Belt aligns with regional trends of corporate migration and population growth in the Southern United States.
Investors can further evaluate these regional market dynamics and portfolio metrics by visiting ValueRay. Detailed analysis of the office REIT sector remains essential as work-from-home trends continue to influence long-term occupancy rates and property valuations.
- Sun Belt migration patterns drive Class A office occupancy and rental rates
- Federal Reserve interest rate policy impacts cost of debt and acquisitions
- Tech sector headcount reductions pressure office space demand in key markets
- Development pipeline completion timelines influence future funds from operations growth
- Flight to quality trend favors trophy asset valuation over commodity office space
| Net Income: -5.25m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -3.45 > 1.0 |
| NWC/Revenue: -25.91% < 20% (prev -40.95%; Δ 15.05% < -1%) |
| CFO/TA 0.04 > 3% & CFO 398.0m > Net Income -5.25m |
| Net Debt (3.87b) to EBITDA (601.0m): 6.43 < 3 |
| Current Ratio: 0.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (166.4m) vs 12m ago -1.30% < -2% |
| Gross Margin: 57.57% > 18% (prev 0.68%; Δ 5.69k% > 0.5%) |
| Asset Turnover: 11.34% > 50% (prev 10.36%; Δ 0.98% > 0%) |
| Interest Coverage Ratio: 1.07 > 6 (EBITDA TTM 601.0m / Interest Expense TTM 167.6m) |
| A: -0.03 (Total Current Assets 323.9m - Total Current Liabilities 584.7m) / Total Assets 9.09b |
| B: -0.17 (Retained Earnings -1.54b / Total Assets 9.09b) |
| C: 0.02 (EBIT TTM 179.4m / Avg Total Assets 8.88b) |
| D: -0.30 (Book Value of Equity -1.37b / Total Liabilities 4.55b) |
| Altman-Z'' = -0.92 = CCC |
| DSRI: 1.03 (Receivables 294.4m/255.5m, Revenue 1.01b/897.8m) |
| GMI: 1.18 (GM 57.57% / 68.06%) |
| AQI: 0.99 (AQ_t 0.96 / AQ_t-1 0.97) |
| SGI: 1.12 (Revenue 1.01b / 897.8m) |
| TATA: -0.04 (NI -5.25m - CFO 398.0m) / TA 9.09b) |
| Beneish M = -2.80 (Cap -4..+1) = A |
As of June 02, 2026, the stock is trading at USD 26.40 with a total of 1,704,766 shares traded.
Over the past week, the price has changed by -0.38%,
over one month by +2.76%,
over three months by +15.44% and
over the past year by -1.39%.
Cousins Properties has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy CUZ.
- StrongBuy: 7
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 29.5 | 11.7% |
P/E Forward = 10.1215
P/S = 4.4272
P/B = 0.9791
P/EG = 1.3083
Revenue TTM = 1.01b USD
EBIT TTM = 179.4m USD
EBITDA TTM = 601.0m USD
Long Term Debt = 3.77b USD (from longTermDebt, last quarter)
Short Term Debt = 870.1m USD (from shortTermDebt, last fiscal year)
Debt = 3.87b USD (from shortLongTermDebtTotal, last quarter) + Leases 50.3m
Net Debt = 3.87b USD (calculated: Debt 3.87b - CCE 6.30m)
Enterprise Value = 8.28b USD (4.41b + Debt 3.87b - CCE 6.30m)
Interest Coverage Ratio = 1.07 (Ebit TTM 179.4m / Interest Expense TTM 167.6m)
EV/FCF = -67.63x (Enterprise Value 8.28b / FCF TTM -122.4m)
FCF Yield = -1.48% (FCF TTM -122.4m / Enterprise Value 8.28b)
FCF Margin = -12.16% (FCF TTM -122.4m / Revenue TTM 1.01b)
Net Margin = -0.52% (Net Income TTM -5.25m / Revenue TTM 1.01b)
Gross Margin = 57.57% ((Revenue TTM 1.01b - Cost of Revenue TTM 427.1m) / Revenue TTM)
Gross Margin QoQ = 68.61% (prev 25.36%)
Tobins Q-Ratio = 0.91 (Enterprise Value 8.28b / Total Assets 9.09b)
Interest Expense / Debt = 4.33% (Interest Expense 167.6m / Debt 3.87b)
Taxrate = 21.0% (US default 21%)
NOPAT = 141.7m (EBIT 179.4m * (1 - 21.00%))
Current Ratio = 0.55 (Total Current Assets 323.9m / Total Current Liabilities 584.7m)
Debt / Equity = 0.86 (Debt 3.87b / totalStockholderEquity, last quarter 4.51b)
Debt / EBITDA = 6.43 (Net Debt 3.87b / EBITDA 601.0m)
Debt / FCF = -31.59 (negative FCF - burning cash) (Net Debt 3.87b / FCF TTM -122.4m)
Total Stockholder Equity = 4.68b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.06% (Net Income -5.25m / Total Assets 9.09b)
RoE = -0.08% (Net Income TTM -5.25m / Total Stockholder Equity 6.22b)
RoCE = 1.80% (EBIT 179.4m / Capital Employed (Equity 6.22b + L.T.Debt 3.77b))
RoIC = 1.51% (NOPAT 141.7m / Invested Capital 9.37b)
WACC = 5.78% (E(4.41b)/V(8.28b) * Re(7.86%) + D(3.87b)/V(8.28b) * Rd(4.33%) * (1-Tc(0.21)))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 64.44 | Cagr: 4.07%
[DCF] Fair Price = unknown (Cash Flow -122.4m)
EPS Correlation: -85.41 | EPS CAGR: -29.47% | SUE: 0.31 | # QB: 0
Revenue Correlation: 95.97 | Revenue CAGR: 9.88% | SUE: 0.66 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-22.88% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.07 | Chg30d=-16.78% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=0.19 | Chg30d=-41.42% | Revisions=-20% | GrowthEPS=-20.4% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=0.30 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+20.0% | GrowthRev=+1.9%
[Analyst] Revisions Ratio: -20%