Tearsheet

Cousins Properties (CUZ)

Market Price (11/5/2025): $25.52 | Market Cap: $4.3 Bil
Sector: Real Estate | Industry: Office REITs

Cousins Properties (CUZ)

Market Price (11/5/2025): $25.52
Market Cap: $4.3 Bil
Sector: Real Estate
Industry: Office REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, Dividend Yield is 4.9%	Weak multi-year price returns 2Y Excs Rtn is -4.4%, 3Y Excs Rtn is -49%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%		Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 74x
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 43%		Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.3%
3	Low stock price volatility Vol 12M is 25%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, Dividend Yield is 4.9%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 43%
3	Low stock price volatility Vol 12M is 25%
4	Weak multi-year price returns 2Y Excs Rtn is -4.4%, 3Y Excs Rtn is -49%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78%
6	Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 74x
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.3%

Market Valuation & Key Metrics

	11/5/25	2024	2023	2022	2021
Share Price CYE	$25.52	$29.34	$22.13	$21.70	$33.21
Market Cap CYE ($ Bil)	4.3	4.6	3.4	3.3	4.9
Total Debt ($ Bil)	3.4	3.1	2.5	2.4	2.3
Total Cash ($ Bil)	0.0	0.0	0.0	0.0	0.0
Enterprise Value ($ Bil)	7.6	7.7	5.9	5.7	7.2
Valuation Ratios
P/S TTM	4.5	5.5	4.6	5.0	7.9
P/EBIT TTM	20.6	27.8	19.5	15.8	17.3
P/E TTM	74.4	102.3	44.5	22.8	21.5
Sector Ratios
P/S TTM (Sector)	3.7	4.0	4.2	4.3	6.6
P/EBIT TTM (Sector)	11.0	12.3	12.8	13.1	16.0
P/E TTM (Sector)	16.4	18.7	18.3	17.9	23.1

	11/5/25	2024	2023
Share Price CYE	$25.52	$29.34	$22.13
Market Cap CYE ($ Bil)	4.3	4.6	3.4
Total Debt ($ Bil)	3.4	3.1	2.5
Total Cash ($ Bil)	0.0	0.0	0.0
Enterprise Value ($ Bil)	7.6	7.7	5.9
Valuation Ratios
P/S TTM	4.5	5.5	4.6
P/EBIT TTM	20.6	27.8	19.5
P/E TTM	74.4	102.3	44.5
Sector Ratios
P/S TTM (Sector)	3.7	4.0	4.2
P/EBIT TTM (Sector)	11.0	12.3	12.8
P/E TTM (Sector)	16.4	18.7	18.3

	CUZ	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	1.0
Rev Chg Q	18.7%	6.6%
Rev Chg LTM	16.4%	5.6%
Rev Chg 3Y Avg	8.5%	5.3%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	22.7%	18.8%
CFO/Rev LTM	43.2%	20.3%
Net Inc Mgn	6.0%	12.8%
VALUATION	VERY HIGH
P/S	4.4	3.2
P/CFO	10.3	15.3
P/FCF	-53.5	20.3
P/E	74.4	23.7

AI Generated Analysis | Feedback

null

CUZ Stock

Return (1M): -10.27%

Factor Drivers of Stock Movement

The -3.3% change in CUZ stock from 8/5/2025 to 11/4/2025 was primarily driven by a -8.2% change in the company's Net Income Margin (%).

	8052025	11042025	Change
Stock Price ($)	26.40	25.52	-3.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	925.00	964.11	4.23%
Net Income Margin (%)	6.51%	5.98%	-8.21%
P/E Multiple	73.64	74.41	1.05%
Shares Outstanding (Mil)	167.93	167.97	-0.02%
Cumulative Contribution			-3.35%

LTM = Last Twelve Months as of date shown

The -5.7% change in CUZ stock from 5/6/2025 to 11/4/2025 was primarily driven by a -12.2% change in the company's P/E Multiple.

	5062025	11042025	Change
Stock Price ($)	27.05	25.52	-5.65%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	897.85	964.11	7.38%
Net Income Margin (%)	5.97%	5.98%	0.14%
P/E Multiple	84.73	74.41	-12.18%
Shares Outstanding (Mil)	167.81	167.97	-0.09%
Cumulative Contribution			-5.65%

LTM = Last Twelve Months as of date shown

The -13.5% change in CUZ stock from 11/4/2024 to 11/4/2025 was primarily driven by a -15.3% change in the company's P/E Multiple.

	11042024	11042025	Change
Stock Price ($)	29.51	25.52	-13.53%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	828.41	964.11	16.38%
Net Income Margin (%)	6.17%	5.98%	-3.16%
P/E Multiple	87.85	74.41	-15.30%
Shares Outstanding (Mil)	152.14	167.97	-10.40%
Cumulative Contribution			-14.47%

LTM = Last Twelve Months as of date shown

The 23.5% change in CUZ stock from 11/5/2022 to 11/4/2025 was primarily driven by a 637.3% change in the company's P/E Multiple.

	11052022	11042025	Change
Stock Price ($)	20.66	25.52	23.54%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	757.90	964.11	27.21%
Net Income Margin (%)	40.90%	5.98%	-85.39%
P/E Multiple	10.09	74.41	637.32%
Shares Outstanding (Mil)	151.44	167.97	-10.92%
Cumulative Contribution			22.06%

LTM = Last Twelve Months as of date shown

Why The Stock Moved

AI Generated Analysis | Feedback

null

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CUZ Return	-15%	23%	-35%	2%	33%	-13%	-18%
Peers Return	-3%	38%	-21%	6%	8%	-10%	9%
S&P 500 Return	16%	27%	-19%	24%	23%	15%	112%
Monthly Win Rates [3]
CUZ Win Rate	50%	58%	42%	50%	67%	40%
Peers Win Rate	47%	69%	45%	50%	55%	42%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
CUZ Max Drawdown	-45%	-6%	-43%	-26%	-9%	-16%
Peers Max Drawdown	-42%	-5%	-31%	-20%	-13%	-16%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: EPRT, PECO, IRT, BXMT, ARE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/4/2025 (YTD)

How Low Can It Go

Unique Key	Event	CUZ	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-58.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	139.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-46.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	88.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	Not Fully Recovered days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-23.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	30.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	79 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-85.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	579.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

Compare to EPRT, PECO, IRT, BXMT, ARE

In The Past

Cousins Properties's stock fell -58.2% during the 2022 Inflation Shock from a high on 1/7/2022. A -58.2% loss requires a 139.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Cousins Properties (CUZ)

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.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

null

Better Bets than Cousins Properties (CUZ)

	CUZ	Better Performance than CUZ
Metric	Value	Industry (Office REITs)
Rev Chg LTM	16.4%	PSTL (26.4%)
Rev Chg 3Y Avg	8.5%	VRE (38.7%), PSTL (23.3%)
Op Mgn LTM	22.7%	BXP (29.8%), KRC (29.7%), CDP (29.7%), HIW (25.7%), DEA (26.0%)
CFO/Rev LTM	43.2%	ARE (46.2%), VNO (72.7%), KRC (50.2%), CDP (43.5%), HIW (44.9%)
FCF/Rev LTM	-8.3%	BXP (35.7%), ARE (46.2%), VNO (72.7%), KRC (4.5%), SLG (12.4%)
Total Yield	6.3%	VNO (15.2%), KRC (11.5%), CDP (8.7%), HIW (11.1%), DEI (7.7%)

	CUZ	Better Performance than CUZ
Metric	Value	Sector (Real Estate)
Rev Chg LTM	16.4%	WELL (32.6%), SUI (31.4%), CTRE (29.7%), TRNO (22.2%), EPRT (24.2%)
Rev Chg 3Y Avg	8.5%	WELL (20.9%), PLD (18.1%), EQIX (8.5%), DLR (9.1%), O (24.7%)
Op Mgn LTM	22.7%	PLD (39.8%), AMT (46.4%), SPG (51.0%), O (43.4%), PSA (47.0%)
CFO/Rev LTM	43.2%	PLD (59.3%), AMT (50.1%), SPG (66.6%), O (67.9%), PSA (67.3%)
FCF/Rev LTM	-8.3%	WELL (28.2%), PLD (59.3%), AMT (35.3%), EQIX (-1.3%), SPG (52.1%)
Total Yield	6.3%	AMT (7.2%), O (7.4%), VICI (14.3%), EXR (8.3%), EQR (9.1%)

	CUZ	Better Performance than CUZ
Metric	Value	All Other Sectors
Rev Chg LTM	16.4%	NVDA (71.6%), AVGO (28.0%), META (21.3%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg	8.5%	NVDA (92.0%), MSFT (13.2%), GOOGL (11.0%), AMZN (11.3%), AVGO (24.0%)
Op Mgn LTM	22.7%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM	43.2%	NVDA (46.6%), MSFT (50.0%), META (56.8%), V (60.4%), MA (56.1%)
FCF/Rev LTM	-8.3%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	6.3%	BRK-B (6.4%), JPM (6.6%), XOM (9.8%), JNJ (8.3%), BAC (7.4%)

		Best Bets In Real Estate Sector
	CUZ	CTRE	WPC	ADC	NNN	OHI	O	EPRT	GLPI	EPR	FCPT
What You Pay
P/E	74.4	31.0	39.8	41.6	18.9	23.6	55.4	24.4	16.5	18.9	22.7
P/EBIT	20.6	27.0	21.0	24.8	12.8	16.1	24.7	17.1	10.8	11.5	15.4
What You Get
Rev Chg Q	18.7%	55.3%	8.5%	18.7%	4.6%	12.9%	4.2%	23.7%	3.2%	4.3%	11.0%
Rev Chg LTM	16.4%	29.7%	5.6%	14.7%	4.8%	13.7%	15.6%	24.2%	4.4%	4.2%	8.3%
Rev Chg 3Y Avg	8.5%	14.1%	5.6%	19.5%	6.1%	6.3%	24.7%	24.2%	7.4%	3.9%	9.5%
FCF/Rev 3Y Avg	19.8%	88.4%	84.4%	73.1%	73.6%	71.6%	71.0%	69.3%	65.4%	63.9%	61.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Cousins Properties Earnings Notes
2	Cousins Properties Stock Lost 11%, Buy Or Wait?	Return
3	Cousins Properties vs BlackRock: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Cousins Properties vs Realty Income: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Better Bet Than CUZ Stock: Pay Less Than Cousins Properties To Get More From GOOGL, BKNG
6	Better Bet Than CUZ Stock: Pay Less Than Cousins Properties To Get More From O, EXR
7	Why Cousins Properties Stock Moved: CUZ Stock Has Gained 31% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
8	CUZ Dip Buy Analysis
9	Cousins Properties (CUZ) Valuation Ratios Comparison	Financials
10	Cousins Properties Total Shareholder Return (TSR): 37.5% in 2024 and 2.3% 3-yr compounded annual returns (below peer average)

	Title
0	ARTICLES
1	Cousins Properties Earnings Notes
2	Cousins Properties Stock Lost 11%, Buy Or Wait?
3	Cousins Properties vs BlackRock: Which Is A Better Investment?
4	Cousins Properties vs Realty Income: Which Is A Better Investment?
5	Better Bet Than CUZ Stock: Pay Less Than Cousins Properties To Get More From GOOGL, BKNG
6	Better Bet Than CUZ Stock: Pay Less Than Cousins Properties To Get More From O, EXR
7	Why Cousins Properties Stock Moved: CUZ Stock Has Gained 31% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
8	CUZ Dip Buy Analysis
9	Cousins Properties (CUZ) Valuation Ratios Comparison
10	Cousins Properties Total Shareholder Return (TSR): 37.5% in 2024 and 2.3% 3-yr compounded annual returns (below peer average)

Trade Ideas

Select past ideas related to CUZ. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-1.5%	-1.5%	-1.5%
CUZ_9302023_Dip_Buyer_FCFYield	09302023	CUZ	Cousins Properties	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	21.5%	52.2%	-12.1%
CUZ_6302022_Dip_Buyer_FCFYield	06302022	CUZ	Cousins Properties	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-10.7%	-17.8%	-34.3%
CUZ_10312020_Dip_Buyer_FCFYield	10312020	CUZ	Cousins Properties	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	46.5%	60.8%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-1.5%	-1.5%	-1.5%
CUZ_9302023_Dip_Buyer_FCFYield	09302023	CUZ	Cousins Properties	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	21.5%	52.2%	-12.1%
CUZ_6302022_Dip_Buyer_FCFYield	06302022	CUZ	Cousins Properties	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-10.7%	-17.8%	-34.3%
CUZ_10312020_Dip_Buyer_FCFYield	10312020	CUZ	Cousins Properties	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	46.5%	60.8%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker

1 Day Top Losers

Ticker

1 Week Top Gainers

Ticker

1 Week Top Losers

Ticker

1 Month Top Gainers

Ticker

1 Month Top Losers

Ticker

Recent Active Movers

1 Day Top Gainers

Ticker

1 Day Top Losers

Ticker

1 Week Top Gainers

Ticker

1 Week Top Losers

Ticker

Peer Comparisons for Cousins Properties

Financials

	CUZ	EPRT	PECO	IRT	BXMT	ARE	Median
Name	Cousins .	Essentia.	Phillips.	Independ.	Blacksto.	Alexandr.
Mkt Price	25.52	29.57	34.04	16.21	18.57	53.99	27.55
Mkt Cap	4.3	5.9	4.3	3.8	3.2	9.2	4.3
Rev LTM	964	531	712	652	508	2,980	682
Op Inc LTM	219	338	191	122	-	569	219
FCF LTM	-80	363	201	127	224	1,376	213
FCF 3Y Avg	156	298	208	69	365	1,546	253
CFO LTM	417	363	336	285	224	1,376	350
CFO 3Y Avg	383	298	313	267	365	1,546	339

Growth & Margins

	CUZ	EPRT	PECO	IRT	BXMT	ARE	Median
Name	Cousins .	Essentia.	Phillips.	Independ.	Blacksto.	Alexandr.
Rev Chg LTM	16.4%	24.2%	10.7%	0.8%	-4.6%	-1.6%	5.8%
Rev Chg 3Y Avg	8.5%	24.2%	7.9%	6.7%	-4.5%	6.4%	7.3%
Rev Chg Q	18.7%	23.7%	10.4%	4.4%	21.1%	-5.1%	14.5%
QoQ Delta Rev Chg LTM	4.2%	5.5%	2.5%	1.1%	4.8%	-1.3%	3.3%
Op Mgn LTM	22.7%	63.6%	26.8%	18.8%	-	19.1%	22.7%
Op Mgn 3Y Avg	22.4%	62.5%	25.6%	20.7%	-	23.1%	23.1%
QoQ Delta Op Mgn LTM	0.0%	0.1%	1.2%	-0.4%	-	-2.3%	0.0%
CFO/Rev LTM	43.2%	68.4%	47.2%	43.8%	44.1%	46.2%	45.1%
CFO/Rev 3Y Avg	44.4%	69.3%	48.1%	41.0%	61.8%	53.0%	50.5%
FCF/Rev LTM	-8.3%	68.4%	28.2%	19.4%	44.1%	46.2%	36.2%
FCF/Rev 3Y Avg	19.8%	69.3%	32.0%	10.6%	61.8%	53.0%	42.5%

Valuation

	CUZ	EPRT	PECO	IRT	BXMT	ARE	Median
Name	Cousins .	Essentia.	Phillips.	Independ.	Blacksto.	Alexandr.
Mkt Cap	4.3	5.9	4.3	3.8	3.2	9.2	4.3
P/S	4.4	11.0	6.0	5.8	6.3	3.1	5.9
P/EBIT	20.6	17.1	21.7	37.5	-	-442.1	20.6
P/E	74.4	24.4	52.2	169.9	29.8	-22.4	41.0
P/CFO	10.3	16.1	12.7	13.3	14.2	6.7	13.0
Total Yield	6.3%	7.9%	5.5%	4.5%	13.5%	5.4%	5.9%
Dividend Yield	4.9%	3.8%	3.6%	4.0%	10.1%	9.9%	4.4%
FCF Yield 3Y Avg	4.8%	6.0%	4.8%	1.9%	10.6%	9.1%	5.4%
D/E	0.8	0.5	0.6	0.6	5.0	1.5	0.7
Net D/E	0.8	0.4	0.6	0.6	4.8	1.5	0.7

Returns

	CUZ	EPRT	PECO	IRT	BXMT	ARE	Median
Name	Cousins .	Essentia.	Phillips.	Independ.	Blacksto.	Alexandr.
1M Rtn	-11.3%	-1.0%	1.2%	-0.6%	-1.3%	-35.6%	-1.2%
3M Rtn	-3.3%	-2.9%	1.0%	-5.0%	0.9%	-29.8%	-3.1%
6M Rtn	-5.7%	-5.5%	-2.1%	-14.7%	4.4%	-22.0%	-5.6%
12M Rtn	-13.5%	-3.1%	-7.4%	-12.7%	11.7%	-49.2%	-10.1%
3Y Rtn	23.5%	56.9%	22.3%	10.1%	8.0%	-57.2%	16.2%
1M Excs Rtn	-10.7%	0.7%	1.2%	-0.2%	-0.2%	-33.0%	-0.2%
3M Excs Rtn	-11.0%	-7.2%	-4.9%	-10.8%	-4.6%	-32.5%	-9.0%
6M Excs Rtn	-26.4%	-26.2%	-22.9%	-35.4%	-16.4%	-42.7%	-26.3%
12M Excs Rtn	-31.7%	-21.7%	-25.5%	-33.1%	-5.9%	-67.2%	-28.6%
3Y Excs Rtn	-49.4%	-17.3%	-47.6%	-65.5%	-70.8%	-130.7%	-57.4%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/6/2025	2/7/2024	2/9/2023	2/3/2022	2/11/2021	2/5/2020
Key Financials
Total Revenue	964	857	803	762	755	740	658
Net Income	58	46	83	167	279	237	150
EPS	0.35	0.30	0.55	1.11	1.87	1.60	1.17
Growth Rates
Total Revenue Growth	16.4%	6.7%	5.3%	1.0%	2.0%	12.6%	38.4%
Net Income Growth	12.7%	-44.6%	-50.3%	-40.1%	17.4%	57.7%	90.0%
Margins
Net Income Margin	6.0%	5.4%	10.3%	21.9%	36.9%	32.0%	22.9%
Cash & Debt
Total Cash	5	7	6	5	9	4	16
Total Debt	3,360	3,146	2,511	2,388	2,291	2,221	2,282
Net Debt / (Cash)	3,355	3,138	2,505	2,383	2,282	2,217	2,267
Cash Flows
Net Cash from Operations	417	400	368	365	389	351	303
Free Cash from Operations	-80	148	89	23	389	351	303
Returns to Shareholders
Dividends	211	195	194	192	183	176	143
Share Repurchases	0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/31/2025	5/1/2025	2/6/2025	10/24/2024	7/25/2024	4/25/2024	2/7/2024	10/26/2023	7/27/2023	4/27/2023	2/9/2023
Key Financials Quarterly
Total Revenue	248	240	250	225	209	213	209	197	199	204	203	195
Net Income	9	14	21	14	11	8	13	19	19	23	22	24
EPS	0.05	0.09	0.12	0.09	0.07	0.05	0.09	0.12	0.13	0.15	0.15	0.16
Key Financials TTM
Total Revenue TTM	964	925	898	857	828	818	809	803	800	797	778	762
Net Income TTM	58	60	54	46	51	59	74	83	88	150	161	167
Growth Rates Quarterly
Total Revenue Growth	18.7%	12.7%	19.6%	14.4%	5.2%	4.2%	3.2%	1.3%	1.9%	10.0%	8.5%	2.3%
Net Income Growth	-23.3%	84.7%	57.3%	-27.4%	-42.2%	-65.3%	-40.1%	-22.1%	-76.0%	-33.6%	-20.7%	-85.6%
Margins Quarterly
Net Income Margin	3.5%	6.0%	8.3%	6.1%	5.4%	3.7%	6.4%	9.5%	9.7%	11.1%	10.9%	12.4%
Cash & Debt
Total Cash	5	417	5	7	76	6	5	6	7	8	4	5
Total Debt	3,360	3,527	3,071	3,146	2,711	2,637	2,613	2,511	2,472	2,477	2,502	2,388
Net Debt / (Cash)	3,355	3,110	3,065	3,138	2,635	2,631	2,608	2,505	2,465	2,469	2,499	2,383
Cash Flows Quarterly
FCF from Operations	120	123	45	129	117	126	28	91	116	135	26	93
Cash Flows TTM
FCF from Operations TTM	417	414	417	400	362	361	370	368	370	369	368	365
Returns to Shareholders Quarterly
Dividends	54	54	55	49	49	49	49	48	49	49	48	48
Share Repurchases	-0	-0	0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.3%	2.4%	2.6%	2.1%	2.1%	1.8%	2.1%	2.3%	2.3%	2.5%	2.4%	2.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	2.3%	2.3%	2.1%	1.9%	2.1%	2.1%	2.2%	2.4%	2.4%	2.3%	2.3%	2.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	803
Fee income		6	16	18	29
Non-Office		5	3	2
Office		748	736	720
Other		3	0	0	0
Rental property revenues					629
Total	803	762	755	740	658

Price Behavior

Price Behavior

Market Price	$25.52
Market Cap ($ Bil)	4.3
First Trading Date	03/26/1990
Distance from 52W High	-16.6%
	50 Days	200 Days
DMA Price	$27.74	$27.98
DMA Trend	down	indeterminate
Distance from DMA	-8.0%	-8.8%
	3M	1YR
Volatility	21.3%	24.9%
Downside Capture	70.04	84.41
Upside Capture	26.95	55.29
Correlation (SPY)	29.0%	61.6%

CUZ Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.22	0.41	0.64	0.75	0.79	1.01
Up Beta	0.43	0.52	1.05	1.01	0.75	0.89
Down Beta	0.55	0.53	0.65	0.70	0.98	1.05
Up Capture	-74%	-26%	28%	33%	41%	96%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	10	19	31	58	125	391
Down Capture	58%	91%	73%	91%	87%	103%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	13	24	33	68	125	356

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of CUZ With Other Asset Classes (Last 1Y)
	CUZ	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-14.2%	-4.4%	17.5%	40.7%	2.0%	-4.1%	45.5%
Annualized Volatility	25.0%	17.9%	19.7%	19.9%	16.3%	18.0%	36.9%
Sharpe Ratio	-0.65	-0.40	0.70	1.60	-0.06	-0.38	0.80
Correlation With Other Assets		70.0%	61.5%	4.0%	22.9%	74.3%	30.1%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of CUZ With Other Asset Classes (Last 5Y)
	CUZ	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	4.5%	6.7%	16.4%	15.1%	12.9%	6.6%	50.5%
Annualized Volatility	29.9%	19.3%	17.2%	15.6%	18.9%	19.1%	49.2%
Sharpe Ratio	0.19	0.27	0.78	0.77	0.57	0.26	0.77
Correlation With Other Assets		70.3%	53.3%	7.5%	19.0%	75.8%	18.8%

Based On 10-Year Data

		Comparison of CUZ With Other Asset Classes (Last 10Y)
	CUZ	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	2.6%	6.3%	14.5%	12.5%	5.3%	5.1%	80.1%
Annualized Volatility	29.8%	20.7%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.15	0.27	0.69	0.69	0.23	0.22	0.97
Correlation With Other Assets		73.2%	60.8%	5.4%	26.2%	78.4%	15.5%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	7,472,467
Short Interest: % Change Since 9302025	2.8%
Average Daily Volume	1,204,199
Days-to-Cover Short Interest	6.21
Basic Shares Quantity	167,967,000
Short % of Basic Shares	4.4%

Returns Analyses

	Title
0	Cousins Properties Stock Lost 11%, Buy Or Wait?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7312025	10-Q 6/30/2025
3312025	5012025	10-Q 3/31/2025
12312024	2062025	10-K 12/31/2024
9302024	10242024	10-Q 9/30/2024
6302024	7252024	10-Q 6/30/2024
3312024	4252024	10-Q 3/31/2024
12312023	2072024	10-K 12/31/2023
9302023	10262023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2092023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	4282022	10-Q 3/31/2022
12312021	2032022	10-K 12/31/2021

Insider Activity

Expand for More

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Cousins Properties (CUZ)

Market Price (11/5/2025): $25.52 | Market Cap: $4.3 BilSector: Real Estate | Industry: Office REITs

Cousins Properties (CUZ)

Market Price (11/5/2025): $25.52Market Cap: $4.3 BilSector: Real EstateIndustry: Office REITs

Market Valuation & Key Metrics

CUZ Stock

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Cousins Properties (CUZ)

Interactive Breakdown

Better Bets than Cousins Properties (CUZ)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Cousins Properties

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (11/5/2025): $25.52 | Market Cap: $4.3 Bil
Sector: Real Estate | Industry: Office REITs

Market Price (11/5/2025): $25.52
Market Cap: $4.3 Bil
Sector: Real Estate
Industry: Office REITs