CU
Cousins Properties Inc
CUZ—
Cousins Properties Inc AI Insights
Informational only. Not investment advice.Snapshot
- FCF TTM is -80.1M due to 496.9M capex (51% of revenue) - heavy development cycle consuming operating cash of 416.8M[Free Cash Flow TTM]
- P/B of 0.95 below book value while P/E of 73.3x is 2.4x industry median (30.8x) - market pricing asset discount but earnings weakness[Price to Book Ratio]
- Interest expense of 149.8M TTM consumes 69% of operating income (218.7M) - leverage constraining profitability[Interest Expense TTM]
Watch Triggers
- Free Cash Flow TTM: Turns positive (>0) — Signals capex cycle completion and dividend sustainability
- Interest Expense TTM: Falls below 60% of operating income — Would indicate deleveraging or rate relief improving net margins
- EPS TTM: Stabilizes above $0.50 — Current $0.35 doesn't cover $1.28 dividend - must reverse
Bull Case
Trading at 0.95x book with 68% gross margin (above 61% industry median) - asset quality undervalued if development yields stabilize NOI
Price to Book RatioGross Margin TTM
Gross profit grew 17.5% YoY vs industry median 1.6% - portfolio repositioning gaining traction despite office sector headwinds
Gross Profit 1Y Growth
Bear Case
EPS declined 29% YoY and 40% over 3Y while dividend payout ratio of 2.5x earnings is unsustainable without FCF improvement
EPS Growth 1YDividend Payout Ratio Avg 5Y
Debt/equity of 0.71 with 3.4B total debt and only 4.7M cash creates refinancing risk as interest consumes 69% of operating income
Debt to EquityInterest Expense TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Capex cycle completion should flip FCF positive within 12-18 months as development projects stabilize
1-3ymed
- Capex at 51% of revenue vs industry median ~17%
- Operating cash flow of 416.8M TTM is healthy
- Gross profit grew 17.5% YoY showing demand
Capital Expenditure TTM: -496.9MCash Flow TTM: 416.8MGross Profit 1Y Growth: 17.5%
Valuation Context
Caveats
Public Strategies Rankings
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CUZ Fundamentals
Real Estate and Rental and Leasing → Real Estate
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$4.55B | — | ||
$7.91B | — | ||
77 | — | ||
$964.11M | +16.4% | — | |
$0.35 | +3.1% | — | |
22.7% | +2.0% | — | |
5.98% | -0.2% | — | |
$-80.07M | — | ||
0.01 | +0.1% | — | |
Beta 5Y (Monthly) | unknown | — |
CUZ Dividend History
107 dividends
2026
$0.320001/05/26$0.3200
2025
$1.280010/03/25$0.3200
07/07/25$0.3200
04/03/25$0.3200
01/03/25$0.3200
2024
$1.280010/03/24$0.3200
07/03/24$0.3200
04/03/24$0.3200
01/03/24$0.3200
2023
$1.280010/03/23$0.3200
07/05/23$0.3200
04/04/23$0.3200
01/03/23$0.3200
2022
$1.270010/04/22$0.3200
07/05/22$0.3200
04/04/22$0.3200
01/04/22$0.3100
2021
$0.930010/04/21$0.3100
07/02/21$0.3100
04/05/21$0.3100
2020
$1.490012/31/20$0.3000
10/02/20$0.3000
07/02/20$0.3000
04/02/20$0.3000
01/02/20$0.2900
2019
$1.130010/02/19$0.2900
07/02/19$0.2900
04/02/19$0.2900
01/03/19$0.2600
2018
$0.780010/02/18$0.2600
07/02/18$0.2600
04/02/18$0.2600
2017
$1.200012/29/17$0.2400
09/29/17$0.2400
06/29/17$0.2400
03/30/17$0.2400
01/11/17$0.2400
2016
$0.960008/19/16$0.3200
05/11/16$0.3200
02/03/16$0.3200
2015
$1.280012/02/15$0.3200
08/06/15$0.3200
05/13/15$0.3200
02/04/15$0.3200
2014
$1.200012/03/14$0.3000
08/07/14$0.3000
05/13/14$0.3000
02/06/14$0.3000
2013
$0.720012/04/13$0.1800
08/07/13$0.1800
05/14/13$0.1800
02/06/13$0.1800
2012
$0.720012/05/12$0.1800
08/08/12$0.1800
05/14/12$0.1800
02/07/12$0.1800
2011
$0.720012/05/11$0.1800
08/09/11$0.1800
05/11/11$0.1800
02/07/11$0.1800
2010
$1.440010/28/10$0.3600
07/29/10$0.3600
04/29/10$0.3600
01/28/10$0.3600
2009
$4.920010/22/09$0.7200
07/30/09$1.2000
04/29/09$2.0000
02/05/09$1.0000
2008
$5.440012/04/08$1.0000
08/07/08$1.4800
05/14/08$1.4800
02/06/08$1.4800
2007
$5.920012/05/07$1.4800
08/08/07$1.4800
05/14/07$1.4800
02/06/07$1.4800
2006
$19.520011/29/06$1.4800
11/21/06$13.6000
08/09/06$1.4800
05/12/06$1.4800
02/06/06$1.4800
2005
$5.920012/06/05$1.4800
08/09/05$1.4800
05/11/05$1.4800
02/07/05$1.4800
2004
$34.520012/06/04$1.4800
11/19/04$28.6000
08/09/04$1.4800
05/12/04$1.4800
02/05/04$1.4800
2003
$14.200012/04/03$1.4800
09/11/03$8.2800
08/07/03$1.4800
05/15/03$1.4800
02/06/03$1.4800
2002
$5.920012/04/02$1.4800
08/08/02$1.4800
05/15/02$1.4800
02/06/02$1.4800
2001
$5.560012/05/01$1.4800
08/08/01$1.3600
05/16/01$1.3600
02/07/01$1.3600
2000
$4.960012/06/00$1.3600
08/09/00$1.2000
05/16/00$1.2000
02/08/00$1.2000
CUZ Stock Splits
2 stock splits
06/17/194:1 split
10/03/002:3 split
CUZ SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
09/30/25 | 09/30/25 | 10-Q | |
10/30/25 | 09/30/25 | 10-Q | |
07/31/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
02/06/25 | 12/31/24 | Unknown | |
10/24/24 | 09/30/24 | 10-Q | |
07/25/24 | 06/30/24 | 10-Q | |
04/25/24 | 03/31/24 | 10-Q | |
02/07/24 | 12/31/23 | 10-K | |
10/26/23 | 09/30/23 | 10-Q | |
07/27/23 | 06/30/23 | 10-Q | |
04/27/23 | 03/31/23 | 10-Q | |
02/09/23 | 12/31/22 | 10-K | |
10/27/22 | 09/30/22 | 10-Q | |
07/28/22 | 06/30/22 | 10-Q | |
04/28/22 | 03/31/22 | 10-Q | |
02/03/22 | 12/31/21 | 10-K | |
10/28/21 | 09/30/21 | 10-Q | |
07/29/21 | 06/30/21 | 10-Q | |
04/29/21 | 03/31/21 | 10-Q | |
02/11/21 | 12/31/20 | 10-K | |
10/28/20 | 09/30/20 | 10-Q | |
07/30/20 | 06/30/20 | 10-Q | |
04/30/20 | 03/31/20 | 10-Q | |
02/05/20 | 12/31/19 | 10-K | |
10/23/19 | 09/30/19 | 10-Q | |
07/24/19 | 06/30/19 | 10-Q | |
05/09/19 | 03/31/19 | 10-Q | |
02/06/19 | 12/31/18 | 10-K | |
10/24/18 | 09/30/18 | 10-Q | |
07/25/18 | 06/30/18 | 10-Q | |
04/25/18 | 03/31/18 | 10-Q | |
02/07/18 | 12/31/17 | 10-K | |
10/25/17 | 09/30/17 | 10-Q | |
07/27/17 | 06/30/17 | 10-Q | |
04/27/17 | 03/31/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
11/01/16 | 09/30/16 | 10-Q | |
07/28/16 | 06/30/16 | 10-Q | |
05/04/16 | 03/31/16 | 10-Q | |
02/10/16 | 12/31/15 | 10-K | |
10/27/15 | 09/30/15 | 10-Q | |
07/28/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
02/12/15 | 12/31/14 | 10-K | |
10/29/14 | 09/30/14 | 10-Q | |
07/29/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/13/14 | 12/31/13 | 10-K | |
10/30/13 | 09/30/13 | 10-Q | |
07/29/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
02/13/13 | 12/31/12 | 10-K | |
05/07/15 | 12/31/12 | 10-K/A | |
10/30/12 | 09/30/12 | 10-Q | |
07/31/12 | 06/30/12 | 10-Q | |
05/09/12 | 03/31/12 | 10-Q | |
02/21/12 | 12/31/11 | 10-K | |
11/02/11 | 09/30/11 | 10-Q | |
08/03/11 | 06/30/11 | 10-Q | |
05/04/11 | 03/31/11 | 10-Q | |
02/28/11 | 12/31/10 | 10-K | |
11/08/10 | 09/30/10 | 10-Q | |
08/09/10 | 06/30/10 | 10-Q | |
05/10/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/04/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/31/09 | 10-Q | |
02/27/09 | 12/31/08 | 10-K | |
11/10/08 | 09/30/08 | 10-Q | |
08/11/08 | 06/30/08 | 10-Q | |
05/12/08 | 03/31/08 | 10-Q | |
02/26/08 | 12/31/07 | 10-K | |
11/05/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/31/07 | 10-Q | |
02/28/07 | 12/31/06 | 10-K | |
11/09/06 | 09/30/06 | 10-Q | |
08/09/06 | 06/30/06 | 10-Q | |
05/10/06 | 03/31/06 | 10-Q | |
03/14/06 | 12/31/05 | 10-K | |
11/09/05 | 09/30/05 | 10-Q | |
08/09/05 | 06/30/05 | 10-Q | |
05/10/05 | 03/31/05 | 10-Q | |
03/24/05 | 12/31/04 | 10-K | |
11/08/04 | 09/30/04 | 10-Q | |
08/09/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/31/04 | 10-Q | |
03/12/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 10-Q | |
08/11/03 | 06/30/03 | 10-Q | |
05/08/03 | 03/31/03 | 10-Q | |
03/25/03 | 12/31/02 | 10-K | |
11/01/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/31/02 | 10-Q | |
03/27/02 | 12/31/01 | 10-K | |
11/14/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/11/01 | 03/31/01 | 10-Q | |
03/27/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/31/00 | 10-Q |