CUZ
Cousins Properties Incorporated
CUZ's fundamentals are mixed, but it looks expensive: trading at 328x earnings, about eight times its usual 42x. Analysts expect strong earnings growth.
CUZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
CUZ's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like CUZ.
CUZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $1.32 | -96% |
| Fair | 42x | $3.77 | -87% |
| Forward | 65x | $29.50 | — |
| Expensive | 89x | $8.01 | -73% |
| Current | 328x | $29.50 | — |
Historical ranges are pointers, not guarantees.
CUZ's PE is in its expensive range at 328x. If earnings grow as analysts expect, today's price would be 65x next year's earnings.
CUZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect CUZ's earnings to grow and its profitability to improve, with its revenue holding steady.
CUZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.45 | +401% |
| Q3 2026 | $0.09 | -74% |
| Q2 2026 | $0.04 | -89% |
| Q1 2026 | -$0.03 | -109% |
| Q4 2025 | $0.24 | -20% |
| Q3 2025 | $0.35 | +6.1% |
| Q2 2025 | $0.37 | -5.1% |
| Q1 2025 | $0.33 | -33% |
| Q4 2024 | $0.30 | -45% |
CUZ's earnings per share have fallen from their peak: $0.09 over the past year, against $2.44 in late 2020.
CUZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $259.4M | +4.5% |
| Q2 2026 | $268.5M | +12% |
| Q1 2026 | $263.1M | +5.1% |
| Q4 2025 | $255M | +13% |
| Q3 2025 | $248.3M | +19% |
| Q2 2025 | $240.1M | +13% |
| Q1 2025 | $250.3M | +20% |
| Q4 2024 | $225.3M | +14% |
CUZ's revenue has grown year over year for 17 quarters in a row: $259M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 69% | +1.3 points |
| Q2 2026 | 68% | -1.5 points |
| Q1 2026 | 68% | +2.4 points |
| Q4 2025 | 68% | +1.7 points |
| Q3 2025 | 68% | +0.2 points |
| Q2 2025 | 69% | +3.1 points |
| Q1 2025 | 66% | -0.3 points |
| Q4 2024 | 66% | -2.3 points |
CUZ's operating margin was 69% last quarter, up 1.3 points from the same quarter a year ago, near the top of its range since 2019.
CUZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $111.3M | -7.6% |
| Q2 2026 | $156.5M | +28% |
| Q1 2026 | $40.5M | -9.6% |
| Q3 2025 | $120.5M | +2.6% |
| Q2 2025 | $122.6M | -2.4% |
| Q1 2025 | $44.8M | +58% |
| Q3 2024 | $117.4M | +0.8% |
| Q2 2024 | $125.5M | -6.7% |
CUZ's free cash flow was $429M over the past year, up 4.5% from the year before. Free cash flow isn't a meaningful measure for real estate companies like CUZ.
CUZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +496K shares |
| 1 year | -1.7% | -3M shares |
| 3 years | +9% | +13.7M shares |
| 5 years | +11% | +17M shares |
| Available history | +28% | +36M shares |
CUZ has 166M diluted shares, down 1.7% from a year ago.
CUZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.3x | Elevated |
CUZ's net debt is about 3.1 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like CUZ.
CUZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.6 | Neutral |
| Stochastic | 57.0 | Neutral |
CUZ's weekly RSI is 57 (neutral) and its Stochastic is 57 (neutral).
CUZ PE vs Real Estate Sector
| Metric | CUZ | Sector median | Relative |
|---|---|---|---|
| PE | 328x | 24x | 1,271% above |
| PE % | 96 | 23 | 73 pts above |
CUZ is trading at 328x earnings, a 1271% premium to the Real Estate sector's median of 24x.
CUZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.7 | 2.9% above |
| 20 week MA | $29.5 | 0% below |
| 50 week MA | $26.9 | 9.5% above |
| 100 week MA | $27.7 | 6.5% above |
| 200 week MA | $25.8 | 14% above |
CUZ's trend is mixed: it's above four of its five weekly moving averages, and 14% above its 200-week average.
CUZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.2 | $33.7 | -18% |
| 2021 | $33.7 | $39.4 | +17% |
| 2022 | $39.4 | $25.4 | -36% |
| 2023 | $25.4 | $24.4 | -4.2% |
| 2024 | $24.4 | $30.3 | +25% |
| 2025 | $30.3 | $25.7 | -15% |
| 2026 YTD | $25.7 | $29.5 | +15% |
CUZ has finished lower in four of the last six years. It's up 15% so far in 2026.