CUZ
COUSINS PROPERTIES INC
Next earnings Jul 29, 2026 · consensus $0.06 EPS, $265M rev
Last earnings -2.1% on 2026-04-29
$31.06
▲ +3.02%$31.06▲ +8.38%
over 1Y
L $21.04H $31.06
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.0%
1W+6.2%
1M+13.7%
3M+40.3%
YTD+23.1%
1Y+8.4%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 16 analysts
Buy
Sun Belt trophy-office REIT growing revenue 16% with a covered, rising dividend — the strong corner of a weak office sector.
Revenue $994M · FY2025
The read
The fundamentals carry the rating, but the price is rich (~92% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Cousins Properties owns Class A office towers concentrated in high-growth Sun Belt markets (Atlanta, Austin, Charlotte, etc.) — the segment of office real estate with genuine demand tailwinds, in contrast to gateway-city offices. FY2025 revenue grew a robust 16.0% to $994M and operating income rose 18.1% to $673M (a 67.8% operating margin), reflecting strong leasing and occupancy in its premium portfolio.
The headline P/E of 117.8 and 0.9% ROE are not meaningful for a REIT: GAAP net income of $40.5M is heavily suppressed by $415M of non-cash depreciation and amortization. The relevant measures are cash flow and the dividend, both of which are sound — operating cash flow of $402M comfortably covers $216M of dividends (which grew 10.4%), with room left for the $267M of capital expenditures funding portfolio investment. Leverage is moderate for a REIT at 0.89x liabilities/equity, with $3.34B long-term debt against $4.68B equity.
Is CUZ a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBull call spread~60d expiry
- Long call 31 @ ~1.36 est
- Short call 34 @ ~0.36 est
debit $100max +$200max −$100BE 32.00
BUY verdict with defined risk: the short call finances part of the long one; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $755M | $762M | $803M | $857M | $994M |
| Gross profit | — | — | — | — | — |
| Operating income | $494M | $502M | $531M | $570M | $673M |
| Net income | $279M | $167M | $83.0M | $46.0M | $40.5M |
| Diluted EPS | $1.87 | $1.11 | $0.55 | $0.30 | $0.24 |
| Net margin | 36.9% | 21.9% | 10.3% | 5.4% | 4.1% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF37.8
PEG (trailing)—
Earnings yield0.8%
FCF yield2.6%
Quality & risk
ROIC (est.)6.6%
Free cash flow$135M
Total debt$3.34B
Net cash-$3.34B
Piotroski F-Score4/7
Capital returns
Buyback yield0.0%
Dividend yield (est.)4.2%
Shareholder yield4.2%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗S-8Filing2026-05-06open ↗8-KPeriod ending 2026-05-042026-05-04open ↗SCHEDULE 13GFiling2026-04-29open ↗10-QPeriod ending 2026-03-312026-04-29open ↗
Frequently asked
- Is COUSINS PROPERTIES INC (CUZ) a buy?
- CUZ currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Sun Belt trophy-office REIT growing revenue 16% with a covered, rising dividend — the strong corner of a weak office sector.
- What is CUZ's fair value?
- A Modified-Graham model based on CUZ's SEC fundamentals estimates a fair value of about $2.38. It is an estimate from reported earnings, not a price target.
- Is CUZ overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CUZ currently appears overvalued relative to its SEC-grounded earnings power.
- What is COUSINS PROPERTIES INC's quality score?
- CUZ scores 63.552736318407966/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000025232, latest 10-Q filed 2026-04-29) · EODHD · Proprietary analysis · as of 6/21/2026, 8:59:32 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:59 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.