Announcement • Jul 01
Cousins Properties Incorporated to Report Q2, 2026 Results on Jul 30, 2026 Cousins Properties Incorporated announced that they will report Q2, 2026 results After-Market on Jul 30, 2026 Declared Dividend • Jun 25
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 6th July 2026 Payment date: 16th July 2026 Dividend yield will be 4.6%, which is lower than the industry average of 5.8%. Announcement • Jun 19
Cousins Properties Declares Cash Dividend on Common Share for the Second Quarter of 2026, Payable on July 16, 2026 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2026. The second quarter dividend will be payable on July 16, 2026 to common shareholders of record on July 6, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Susan Givens was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Cousins Properties Incorporated to Report Q1, 2026 Results on Apr 29, 2026 Cousins Properties Incorporated announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2026 Announcement • Feb 17
Cousins Properties Incorporated (NYSE:CUZ) announces an Equity Buyback for $250 million worth of its shares. Cousins Properties Incorporated (NYSE:CUZ) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its outstanding common stock. The repurchase program does not have an expiration date. Announcement • Jan 08
Cousins Properties Incorporated to Report Q4, 2025 Results on Feb 05, 2026 Cousins Properties Incorporated announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Announcement • Dec 19
Cousins Properties Announces Its Fourth Quarter 2025 Common Stock Dividend, Payable on January 14, 2026 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the fourth quarter of 2025. The fourth quarter dividend will be payable on January 14, 2026 to common shareholders of record on January 5, 2026. Announcement • Oct 01
Cousins Properties Incorporated to Report Q3, 2025 Results on Oct 30, 2025 Cousins Properties Incorporated announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 30, 2025 Announcement • Sep 18
Cousins Properties Announces Third Quarter 2025 Common Stock Dividend, Payable on October 15, 2025 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the third quarter of 2025. The third quarter dividend will be payable on October 15, 2025 to common shareholders of record on October 3, 2025. Announcement • Jul 01
Cousins Properties Incorporated to Report Q2, 2025 Results on Jul 31, 2025 Cousins Properties Incorporated announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Announcement • Jun 19
Cousins Properties Announces Quarterly Cash Dividend For the Second Quarter of 2025, Payable on July 17, 2025 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2025. The second quarter dividend will be payable on July 17, 2025 to common shareholders of record on July 7, 2025. Announcement • Mar 27
Cousins Properties Incorporated to Report Q1, 2025 Results on May 01, 2025 Cousins Properties Incorporated announced that they will report Q1, 2025 results After-Market on May 01, 2025 Announcement • Feb 08
Cousins Properties Incorporated Provides Earnings Guidance for the Year Ending December 31, 2025 Cousins Properties Incorporated provided earnings guidance for the year ending December 31, 2025. For the year, the company expects Net income between $0.25 and $0.35 per share. Announcement • Feb 05
Cousins Properties Announces Board of Directors Changes Cousins Properties announced that Lillian C. Giornelli will retire at the end of her elected term, which will expire at the Company's 2025 Annual Shareholder Meeting, concluding her valuable and dedicated service as a member of the Board of Directors since May 1999. Cousins also announced the election of Susan L. Givens to its Board of Directors, effective April 1, 2025. Ms. Givens will serve as an independent director for the term also expiring at the Company's 2025 Annual Shareholder Meeting. Ms. Givens has an extensive background in the real estate industry, most recently as a Senior Managing Director in the Real Estate Group at Blackstone. Ms. Givens brings to the Board more than two decades of experience in real estate investing. Prior to Blackstone, Ms. Givens served as chief executive officer and a board member of healthcare REIT New Senior Investment Group, until its sale to Ventas Inc. Earlier, she served as a Managing Director in the Private Equity group at Fortress Investment Group, where she also served as the chief financial officer and treasurer of externally-managed mortgage REIT New Residential Investment Corp. She also held private equity and investment banking roles at Seaport Capital and Deutsche Bank. Ms. Givens previously served as a member of the board of trustees of Urban Edge Properties.Ms. Givens earned a Master of Business Administration from Harvard University and graduated with a bachelor's degree in political science from Middlebury College. Announcement • Jan 07
Cousins Properties Incorporated to Report Q4, 2024 Results on Feb 06, 2025 Cousins Properties Incorporated announced that they will report Q4, 2024 results After-Market on Feb 06, 2025 Upcoming Dividend • Dec 30
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 03 January 2025. Payment date: 14 January 2025. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.3%). Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Dionne Nelson was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 19
Cousins Properties Announces Common Stock Dividend for the Fourth Quarter of 2024, Payable on January 14, 2025 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the fourth quarter of 2024. The fourth quarter dividend will be payable on January 14, 2025 to common shareholders of record on January 3, 2025. Announcement • Dec 18
Cousins Properties Incorporated (NYSE:CUZ) completed the acquisition of Sail Tower. Cousins Properties Incorporated (NYSE:CUZ) agreed to acquire Sail Tower for approximately $520 million on December 10, 2024. Under the terms of the transaction, Sail Tower has a square footage of 804,000 with the purchase price of $649 per square footage. The transaction is expected to close in December. Eastdil Secured served as financial advisor in the transaction.
Cousins Properties Incorporated (NYSE:CUZ) completed the acquisition of Sail Tower on December 17, 2024. Announcement • Dec 12
Cousins Properties Incorporated has completed a Follow-on Equity Offering in the amount of $282.7675 million. Cousins Properties Incorporated has completed a Follow-on Equity Offering in the amount of $282.7675 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,500,000
Price\Range: $29.765
Security Features: Income Trust Announcement • Dec 11
Cousins Properties Incorporated has filed a Follow-on Equity Offering. Cousins Properties Incorporated has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,500,000
Security Features: Income Trust Announcement • Dec 06
Cousins Properties Incorporated (NYSE:CUZ) completed the acquisition of Lifestyle Office Property in South End Charlotte. Cousins Properties Incorporated (NYSE:CUZ) agreed to acquire Lifestyle Office Property in South End Charlotte for approximately $330 million on November 7, 2024. Cousins Properties will acquire 639,000 square foot lifestyle office property in Charlotte for $514 per square feet. The price will be immediately accretive to earnings. The transaction is expected to close in December, subject to customary closing conditions.
Cousins Properties Incorporated (NYSE:CUZ) completed the acquisition of Lifestyle Office Property in South End Charlotte on December 4, 2024. New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.2% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Significant insider selling over the past 3 months (€338k sold). Buy Or Sell Opportunity • Oct 29
Now 21% undervalued Over the last 90 days, the stock has risen 13% to €28.60. The fair value is estimated to be €36.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 47%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are forecast to decline by 46% per annum over the same time period. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.074 (vs US$0.13 in 3Q 2023) Third quarter 2024 results: EPS: US$0.074 (down from US$0.13 in 3Q 2023). Revenue: US$209.2m (up 4.9% from 3Q 2023). Net income: US$11.2m (down 42% from 3Q 2023). Profit margin: 5.4% (down from 9.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Oct 25
Cousins Properties Incorporated Updates Earnings Guidance for the Full Year 2024 Cousins Properties Incorporated updated earnings guidance for the full year 2024. For the year, the company expects Net income between $0.26 and $0.30 per share, updated from previous guidance of $0.31 and $0.36 per share. Announcement • Oct 03
Cousins Properties Incorporated to Report Q3, 2024 Results on Oct 24, 2024 Cousins Properties Incorporated announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Declared Dividend • Sep 20
Second quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 3rd October 2024 Payment date: 15th October 2024 Dividend yield will be 4.6%, which is lower than the industry average of 5.8%. Announcement • Sep 18
Cousins Properties Announces Third Quarter 2024 Common Stock Dividend, Payable on October 15, 2024 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the third quarter of 2024. The third quarter dividend will be payable on October 15, 2024 to common shareholders of record on October 3, 2024. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.052 (vs US$0.15 in 2Q 2023) Second quarter 2024 results: EPS: US$0.052 (down from US$0.15 in 2Q 2023). Revenue: US$213.0m (up 3.9% from 2Q 2023). Net income: US$7.84m (down 65% from 2Q 2023). Profit margin: 3.7% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Cousins Properties Incorporated to Report Q2, 2024 Results on Jul 25, 2024 Cousins Properties Incorporated announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Declared Dividend • Jun 24
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 3rd July 2024 Payment date: 15th July 2024 Dividend yield will be 5.6%, which is about the same as the industry average. Announcement • Jun 19
Cousins Properties Declares Cash Dividend on Common Share for the Second Quarter of 2024, Payable on July 15, 2024 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2024. The second quarter dividend will be payable on July 15, 2024 to common shareholders of record on July 3, 2024. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. Independent Director Dionne Nelson was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • May 03
Executive VP & CFO recently sold €1.5m worth of stock On the 2nd of May, Gregg Adzema sold around 71k shares on-market at roughly €21.79 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregg's only on-market trade for the last 12 months. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.087 (vs US$0.15 in 1Q 2023) First quarter 2024 results: EPS: US$0.087 (down from US$0.15 in 1Q 2023). Revenue: US$209.2m (up 2.9% from 1Q 2023). Net income: US$13.3m (down 40% from 1Q 2023). Profit margin: 6.4% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year. Announcement • Mar 29
Cousins Properties Incorporated to Report Q1, 2024 Results on Apr 25, 2024 Cousins Properties Incorporated announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Declared Dividend • Mar 24
Fourth quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 3rd April 2024 Payment date: 15th April 2024 Dividend yield will be 5.8%, which is about the same as the industry average. Announcement • Mar 19
Cousins Properties Declares A Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the first quarter of 2024. The first quarter dividend will be payable on April 15, 2024 to common shareholders of record on April 4, 2024. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$0.55 (vs US$1.11 in FY 2022) Full year 2023 results: EPS: US$0.55 (down from US$1.11 in FY 2022). Revenue: US$802.9m (up 4.9% from FY 2022). Net income: US$83.0m (down 50% from FY 2022). Profit margin: 10% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Buying Opportunity • Jan 18
Now 23% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €26.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is forecast to decline by 23% per annum over the same time period. Announcement • Jan 10
Cousins Properties Incorporated to Report Q4, 2023 Results on Feb 07, 2024 Cousins Properties Incorporated announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Upcoming Dividend • Dec 27
Upcoming dividend of US$0.32 per share at 5.2% yield Eligible shareholders must have bought the stock before 03 January 2024. Payment date: 16 January 2024. Trailing yield: 5.2%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (5.4%). Announcement • Dec 20
Cousins Properties Declares a Cash Dividend for the Fourth Quarter of 2023, Payable on January 16, 2024 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the fourth quarter of 2023. The fourth quarter dividend will be payable on January 16, 2024 to common shareholders of record on January 4, 2024. New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Oct 28
Cousins Properties Incorporated Updates Earnings Guidance for the Full Year 2023 Cousins Properties Incorporated updated earnings guidance for the full year 2023. For the year, the company expected net income between $0.54 per share and $0.58 per share, updated from previous guidance of $0.53 per share and $0.61 per share. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.53 in 3Q 2022) Third quarter 2023 results: EPS: US$0.13 (down from US$0.53 in 3Q 2022). Revenue: US$198.8m (up 1.5% from 3Q 2022). Net income: US$19.4m (down 76% from 3Q 2022). Profit margin: 9.7% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Announcement • Sep 29
Cousins Properties Incorporated to Report Q3, 2023 Results on Oct 26, 2023 Cousins Properties Incorporated announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Upcoming Dividend • Sep 26
Upcoming dividend of US$0.32 per share at 6.2% yield Eligible shareholders must have bought the stock before 03 October 2023. Payment date: 13 October 2023. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (6.0%). Announcement • Sep 20
Cousins Properties Announces its Third Quarter 2023 Common Stock Dividend, Payable on October 13, 2023 Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the third quarter of 2023. The third quarter dividend will be payable on October 13, 2023 to common shareholders of record on October 4, 2023. New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). Announcement • Jul 28
Cousins Properties Incorporated Revises Earnings Guidance for the Full Year 2023 Cousins Properties Incorporated revised earnings guidance for the full year 2023. For the year, the company expects net income between $0.53 and $0.61 per share, updated from previous guidance of $0.53 and $0.63 per share. The company expects net income available to common stockholders to be in the range of $80,797,000 to $92,962,000. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.15 (vs US$0.23 in 2Q 2022) Second quarter 2023 results: EPS: US$0.15 (down from US$0.23 in 2Q 2022). Revenue: US$204.3m (up 9.6% from 2Q 2022). Net income: US$22.6m (down 34% from 2Q 2022). Profit margin: 11% (down from 18% in 2Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 28
Upcoming dividend of US$0.32 per share at 5.8% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 17 July 2023. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (5.9%). Announcement • Jun 23
Cousins Properties Incorporated to Report Q2, 2023 Results on Jul 27, 2023 Cousins Properties Incorporated announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Announcement • Jun 21
Cousins Properties Incorporated Declares Cash Dividend for the Second Quarter of 2023, Payable on July 17, 2023 Cousins Properties Incorporated announced that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2023. The second quarter dividend will be payable on July 17, 2023 to common shareholders of record on July 6, 2023. Announcement • Jun 07
Cousins Properties Incorporated Revises Earnings Guidance for the Full Year 2023 Cousins Properties Incorporated revised earnings guidance for the full year 2023. Incorporating the financial impact at both Hayden Ferry I and Domain 8 into the company's earnings guidance, the company is decreasing the company's full year 2023 Net Income range to $0.53 - $0.63 per share from $0.56 - $0.66 per share and maintaining the company's full year 2023 FFO range of $2.55 - $2.65 per share. This guidance does not include any projected recovery of the company's unsecured creditor's claim in the SVB Financial bankruptcy case. Reported Earnings • Apr 29
First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.67 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.7 (down from US$0.67 in 1Q 2022). Revenue: US$203.4m (up 8.3% from 1Q 2022). Funds from operations (FFO): US$98.1m (down 1.3% from 1Q 2022). FFO margin: 48% (down from 53% in 1Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Mar 28
Upcoming dividend of US$0.32 per share at 6.5% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.5%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €19.40, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 10x in the REITs industry in Europe. Total returns to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.75 per share. Recent Insider Transactions • Mar 03
Executive Vice President of Development recently sold €868k worth of stock On the 28th of February, John McColl sold around 37k shares on-market at roughly €23.48 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Recent Insider Transactions • Feb 22
Executive VP recently sold €147k worth of stock On the 17th of February, Pamela Roper sold around 6k shares on-market at roughly €24.17 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$1.11 (vs US$1.87 in FY 2021) Full year 2022 results: EPS: US$1.11 (down from US$1.87 in FY 2021). Revenue: US$762.3m (flat on FY 2021). Net income: US$166.8m (down 40% from FY 2021). Profit margin: 22% (down from 37% in FY 2021). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Feb 10
Cousins Properties Incorporated Provides Earnings Guidance for the Year Ending December 31, 2023 Cousins Properties Incorporated provided earnings guidance for the year ending December 31, 2023. For the year, the company expects net income between $0.57 and $0.69 per share. Announcement • Jan 06
Cousins Properties Incorporated to Report Q4, 2022 Results on Feb 09, 2023 Cousins Properties Incorporated announced that they will report Q4, 2022 results After-Market on Feb 09, 2023 Upcoming Dividend • Dec 27
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 13 January 2023. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.6%). Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.36 in 3Q 2021) Third quarter 2022 results: EPS: US$0.53 (up from US$0.36 in 3Q 2021). Revenue: US$195.2m (up 2.2% from 3Q 2021). Net income: US$80.6m (up 49% from 3Q 2021). Profit margin: 41% (up from 28% in 3Q 2021). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 27
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 14 October 2022. Trailing yield: 5.5%. Within top quartile of German dividend payers (5.3%). In line with average of industry peers (5.9%). Reported Earnings • Jul 30
Second quarter 2022 earnings released: FFO: US$0 per share (vs US$0.69 in 2Q 2021) Second quarter 2022 results: FFO: US$0 per share (up from US$0.69 in 2Q 2021). Funds from operations (FFO): US$104.7m (up 2.6% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 28
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 15 July 2022. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.7%). 
