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CUZ

Cousins PropertiesNYSE:CUZ Stock Report

Market Cap

US$5.7b

7D

-1.2%

1Y

10.5%

Updated

03 Dec, 2021

Data

Company Financials +
CUZ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends4/6

CUZ Stock Overview

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT).

Cousins Properties Competitors

Kilroy Realty

NYSE:KRC

US$7.7b

Highwoods Properties

NYSE:HIW

US$4.6b

Corporate Office Properties Trust

NYSE:OFC

US$3.0b

Brandywine Realty Trust

NYSE:BDN

US$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Cousins Properties
Historical stock prices
Current Share PriceUS$38.08
52 Week HighUS$40.66
52 Week LowUS$31.01
Beta1.01
1 Month Change-4.23%
3 Month Change-2.48%
1 Year Change10.54%
3 Year Change15.25%
5 Year Change13.06%
Change since IPO-13.46%

Recent News & Updates

Aug 01

Cousins Properties: Shares Are Looking Lofty

Cousins Properties has continued to fare well recently, highlighting the kind of quality the business represents. Long term, the business will likely be a good prospect for investors, but shares are no longer looking fairly valued. Even with growth, the company is beginning to look pricey.

Shareholder Returns

CUZUS REITsUS Market
7D-1.2%-0.2%-2.7%
1Y10.5%26.0%16.6%

Return vs Industry: CUZ underperformed the US REITs industry which returned 28.4% over the past year.

Return vs Market: CUZ underperformed the US Market which returned 19.4% over the past year.

Price Volatility

Is CUZ's price volatile compared to industry and market?
CUZ volatility
CUZ Average Weekly Movement2.8%
REITs Industry Average Movement3.7%
Market Average Movement6.1%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: CUZ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CUZ's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1958316Michael Connollyhttps://www.cousins.com

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.

Cousins Properties Fundamentals Summary

How do Cousins Properties's earnings and revenue compare to its market cap?
CUZ fundamental statistics
Market CapUS$5.66b
Earnings (TTM)US$122.40m
Revenue (TTM)US$755.73m

46.3x

P/E Ratio

7.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUZ income statement (TTM)
RevenueUS$755.73m
Cost of RevenueUS$255.50m
Gross ProfitUS$500.24m
ExpensesUS$377.84m
EarningsUS$122.40m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.82
Gross Margin66.19%
Net Profit Margin16.20%
Debt/Equity Ratio45.7%

How did CUZ perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is Cousins Properties undervalued compared to its fair value and its price relative to the market?

35.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CUZ ($38.08) is trading below our estimate of fair value ($59)

Significantly Below Fair Value: CUZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CUZ is poor value based on its PE Ratio (46.3x) compared to the US REITs industry average (45.8x).

PE vs Market: CUZ is poor value based on its PE Ratio (46.3x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: CUZ is poor value based on its PEG Ratio (9.7x)


Price to Book Ratio

PB vs Industry: CUZ is good value based on its PB Ratio (1.3x) compared to the US REITs industry average (2x).


Future Growth

How is Cousins Properties forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUZ's forecast earnings growth (4.8% per year) is above the savings rate (2%).

Earnings vs Market: CUZ's earnings (4.8% per year) are forecast to grow slower than the US market (14.1% per year).

High Growth Earnings: CUZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: CUZ's revenue (3.8% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: CUZ's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CUZ's Return on Equity is forecast to be low in 3 years time (3%).


Past Performance

How has Cousins Properties performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CUZ has high quality earnings.

Growing Profit Margin: CUZ's current net profit margins (16.2%) are lower than last year (45.1%).


Past Earnings Growth Analysis

Earnings Trend: CUZ's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: CUZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CUZ had negative earnings growth (-64.3%) over the past year, making it difficult to compare to the REITs industry average (27.7%).


Return on Equity

High ROE: CUZ's Return on Equity (2.7%) is considered low.


Financial Health

How is Cousins Properties's financial position?


Financial Position Analysis

Short Term Liabilities: CUZ's short term assets ($181.6M) do not cover its short term liabilities ($203.6M).

Long Term Liabilities: CUZ's short term assets ($181.6M) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: CUZ's net debt to equity ratio (45.6%) is considered high.

Reducing Debt: CUZ's debt to equity ratio has reduced from 47.5% to 45.7% over the past 5 years.

Debt Coverage: CUZ's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: CUZ's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Cousins Properties's current dividend yield, its reliability and sustainability?

3.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CUZ's dividend (3.26%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CUZ's dividend (3.26%) is low compared to the top 25% of dividend payers in the US market (3.61%).


Stability and Growth of Payments

Stable Dividend: CUZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: CUZ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.5%), CUZ's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CUZ's dividends in 3 years are forecast to be well covered by earnings (43.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Michael Connolly (44 yo)

2.92yrs

Tenure

US$3,907,620

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 28, 2017. He is Director of Cousins Propertie...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD3.91M) is below average for companies of similar size in the US market ($USD6.35M).

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


Leadership Team

Experienced Management: CUZ's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: CUZ's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cousins Properties Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Cousins Properties Incorporated
  • Ticker: CUZ
  • Exchange: NYSE
  • Founded: 1958
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: US$5.662b
  • Shares outstanding: 148.69m
  • Website: https://www.cousins.com

Number of Employees


Location

  • Cousins Properties Incorporated
  • 3344 Peachtree Road NE
  • Suite 1800
  • Atlanta
  • Georgia
  • 30326
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 23:54
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.