Cousins Properties Management

Management criteria checks 3/4

Cousins Properties' CEO is Michael Connolly, appointed in Jul 2017, has a tenure of 6.75 years. total yearly compensation is $6.66M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €3.63M. The average tenure of the management team and the board of directors is 6.1 years and 6.8 years respectively.

Key information

Michael Connolly

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage	11.3%
CEO tenure	6.8yrs
CEO ownership	0.1%
Management average tenure	6.1yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michael Connolly's remuneration changed compared to Cousins Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$74m
Dec 31 2023	US$7m	US$750k	US$83m
Sep 30 2023	n/a	n/a	US$88m
Jun 30 2023	n/a	n/a	US$150m
Mar 31 2023	n/a	n/a	US$161m
Dec 31 2022	US$6m	US$730k	US$167m
Sep 30 2022	n/a	n/a	US$310m
Jun 30 2022	n/a	n/a	US$283m
Mar 31 2022	n/a	n/a	US$277m
Dec 31 2021	US$5m	US$700k	US$279m
Sep 30 2021	n/a	n/a	US$122m
Jun 30 2021	n/a	n/a	US$96m
Mar 31 2021	n/a	n/a	US$91m
Dec 31 2020	US$4m	US$700k	US$237m
Sep 30 2020	n/a	n/a	US$343m
Jun 30 2020	n/a	n/a	US$336m
Mar 31 2020	n/a	n/a	US$290m
Dec 31 2019	US$3m	US$600k	US$150m
Sep 30 2019	n/a	n/a	US$56m
Jun 30 2019	n/a	n/a	US$55m
Mar 31 2019	n/a	n/a	US$98m
Dec 31 2018	US$2m	US$430k	US$79m
Sep 30 2018	n/a	n/a	US$88m
Jun 30 2018	n/a	n/a	US$81m
Mar 31 2018	n/a	n/a	US$228m
Dec 31 2017	US$2m	US$405k	US$216m

Compensation vs Market: Michael's total compensation ($USD6.66M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael Connolly (46 yo)

6.8yrs

Tenure

US$6,656,421

Compensation

Mr. Michael Colin Connolly has been the Chief Executive Officer at Cousins Properties Incorporated since January 1, 2019 and serves as its President since July 25, 2017. He is Director of Cousins Propertie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Connolly	President	6.8yrs	US$6.66m	0.11% $ 3.6m
Gregg Adzema	Executive VP & CFO	13.4yrs	US$2.67m	0.076% $ 2.5m
Richard Hickson	Executive Vice President of Operations	5.5yrs	US$1.67m	0.025% $ 796.0k
Jane Hicks	Chief Investment Officer	5.4yrs	US$1.87m	0.017% $ 551.5k
John McColl	Executive Vice President of Development	26.9yrs	US$1.70m	0.019% $ 612.2k
Jeffrey Symes	Senior VP & Chief Accounting Officer	4.1yrs	no data	0.012% $ 394.9k
Brandon Orden	Senior VP & Chief Information Officer	8.3yrs	no data	no data
Roni Imbeaux	Vice President of Finance & Investor Relations	no data	no data	no data
Pamela Roper	Executive VP	20.7yrs	US$1.20m	0.037% $ 1.2m
Melissa McNamara	Vice President & Head of Corporate Communications	4.6yrs	no data	no data
Francis Wetherington	Vice President of Human Resources	less than a year	no data	no data
Ray Weeks	Head of Atlanta-based Weeks Properties	no data	no data	no data

6.1yrs

Average Tenure

49yo

Average Age

Experienced Management: CPZ1's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Connolly	President	5.2yrs	US$6.66m	0.11% $ 3.6m
Thomas Cousins	Chairman Emeritus	17.3yrs	US$106.58k	no data
Charles Cannada	Independent Director	7.5yrs	US$203.96k	0.037% $ 1.2m
Lillian Giornelli	Independent Director	25.3yrs	US$201.98k	0.050% $ 1.6m
Richard Stone	Independent Director	6yrs	US$204.61k	0.046% $ 1.5m
Robert Chapman	Independent Non Executive Chairman	8.9yrs	US$206.59k	0.035% $ 1.1m
Scott Fordham	Independent Director	4.8yrs	US$204.61k	0.083% $ 2.7m
R. Griffin	Independent Director	4.8yrs	US$204.61k	0.039% $ 1.3m
Dionne Nelson	Independent Director	2.9yrs	US$200.00k	0.0083% $ 269.1k
Donna Hyland	Independent Director	9.9yrs	US$205.28k	0.034% $ 1.1m

6.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CPZ1's board of directors are considered experienced (6.8 years average tenure).

Cousins Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Cousins Properties Incorporated, Annual General Meeting, Apr 23, 2024

Executive Vice President of Development recently sold €868k worth of stock

Executive VP recently sold €147k worth of stock

Cousins Properties Incorporated Promotes Kennedy Hicks to Chief Investment Officer

Cousins Properties Incorporated, Annual General Meeting, Apr 27, 2021

Recent updates

First quarter 2024 earnings released: EPS: US$0.087 (vs US$0.15 in 1Q 2023)

Cousins Properties Incorporated to Report Q1, 2024 Results on Apr 25, 2024

Fourth quarter dividend of US$0.32 announced

Cousins Properties Declares A Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024

Cousins Properties Incorporated, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: EPS: US$0.55 (vs US$1.11 in FY 2022)

Now 23% undervalued

Cousins Properties Incorporated to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.32 per share at 5.2% yield

Cousins Properties Declares a Cash Dividend for the Fourth Quarter of 2023, Payable on January 16, 2024

New major risk - Revenue and earnings growth

Cousins Properties Incorporated Updates Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.53 in 3Q 2022)

Cousins Properties Incorporated to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.32 per share at 6.2% yield

Cousins Properties Announces its Third Quarter 2023 Common Stock Dividend, Payable on October 13, 2023

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Cousins Properties Incorporated Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.15 (vs US$0.23 in 2Q 2022)

Upcoming dividend of US$0.32 per share at 5.8% yield

Cousins Properties Incorporated to Report Q2, 2023 Results on Jul 27, 2023

Cousins Properties Incorporated Declares Cash Dividend for the Second Quarter of 2023, Payable on July 17, 2023

Cousins Properties Incorporated Revises Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.67 in 1Q 2022)

Upcoming dividend of US$0.32 per share at 6.5% yield

Investor sentiment deteriorates as stock falls 17%

Executive Vice President of Development recently sold €868k worth of stock

Executive VP recently sold €147k worth of stock

Full year 2022 earnings released: EPS: US$1.11 (vs US$1.87 in FY 2021)

Cousins Properties Incorporated Provides Earnings Guidance for the Year Ending December 31, 2023

Cousins Properties Incorporated to Report Q4, 2022 Results on Feb 09, 2023

Upcoming dividend of US$0.32 per share

Cousins Properties Incorporated Declares Cash Dividend for the Fourth Quarter of 2022, Payable on January 13, 2023

Cousins Properties Incorporated Promotes Kennedy Hicks to Chief Investment Officer

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.36 in 3Q 2021)

Cousins Properties Incorporated Raises Earnings Guidance for Full Year 2022

Cousins Properties Incorporated to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.32 per share

Cousins Properties Incorporated Declares Cash Dividend, Payable on October 14, 2022

Second quarter 2022 earnings released: FFO: US$0 per share (vs US$0.69 in 2Q 2021)

Cousins Properties Incorporated Provides Earnings Guidance for the Full Year of 2022

Cousins Properties Incorporated to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.32 per share

Cousins Properties Announces Its Second Quarter 2022 Common Stock Dividend, Payable on July 15, 2022

First quarter 2022 earnings released: FFO: US$187.9m per share (vs US$0.69 in 1Q 2021)

Cousins Properties Incorporated to Report Q1, 2022 Results on Apr 28, 2022

Cousins Properties Incorporated Provides Earnings Guidance for the Year Ending December 31, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.31 per share

Cousins Properties Incorporated (NYSE:CUZ) acquired remaining 50% interest in 300 Colorado in Austin from Riverside Resources Corp. and Ironwood Real Estate, LLC for approximately $160 million.

Third quarter 2021 earnings released: EPS US$0.36 (vs US$0.19 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.19 (vs US$0.16 in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.20 (vs US$1.19 in 1Q 2020)

An unknown buyer acquired Burnett Plaza in Fort Worth, TX from Cousins Properties Incorporated (NYSE:CUZ) for approximately $140 million.

Upcoming dividend of US$0.31 per share

Cousins Properties Announces Its First Quarter 2021 Common Stock Dividend, Payable on April 19, 2021

Cousins Properties Incorporated, Annual General Meeting, Apr 27, 2021

New 90-day high: €30.20

Revenue misses expectations

Full year 2020 earnings released: FFO US$2.79 per share (vs US$2.57 in FY 2019)

Cousins Properties Incorporated(NYSE:CUZ) dropped from Russell 2000 Dynamic Index

Cousins Properties Incorporated to Report Q4, 2020 Results on Feb 11, 2021

New 90-day high: €27.00

Market bids up stock over the past week

Third quarter 2020 earnings released: FFO US$0.69 per share

Revenue beats expectations

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day low: €22.80