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Cousins Properties Incorporated (CUZ)



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Upturn Advisory Summary
08/29/2025: CUZ (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $32.67
1 Year Target Price $32.67
7 | Strong Buy |
2 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 28.18% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.95B USD | Price to earnings Ratio 79.7 | 1Y Target Price 32.67 |
Price to earnings Ratio 79.7 | 1Y Target Price 32.67 | ||
Volume (30-day avg) 12 | Beta 1.33 | 52 Weeks Range 23.81 - 31.52 | Updated Date 08/30/2025 |
52 Weeks Range 23.81 - 31.52 | Updated Date 08/30/2025 | ||
Dividends yield (FY) 4.39% | Basic EPS (TTM) 0.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-07-31 | When After Market | Estimate 0.08 | Actual 0.09 |
Profitability
Profit Margin 6.56% | Operating Margin (TTM) 22.48% |
Management Effectiveness
Return on Assets (TTM) 1.51% | Return on Equity (TTM) 1.31% |
Valuation
Trailing PE 79.7 | Forward PE - | Enterprise Value 8063396175 | Price to Sales(TTM) 5.4 |
Enterprise Value 8063396175 | Price to Sales(TTM) 5.4 | ||
Enterprise Value to Revenue 8.72 | Enterprise Value to EBITDA 13.75 | Shares Outstanding 167968000 | Shares Floating 166064582 |
Shares Outstanding 167968000 | Shares Floating 166064582 | ||
Percent Insiders 0.82 | Percent Institutions 107.29 |
Upturn AI SWOT
Cousins Properties Incorporated

Company Overview
History and Background
Cousins Properties Incorporated was founded in 1958 by Tom Cousins. Initially focused on residential development, it transitioned to commercial real estate in the 1970s, becoming a significant REIT. Over the years, it has grown through strategic acquisitions and development projects, focusing on high-growth Sun Belt markets.
Core Business Areas
- Office Properties: Cousins owns, develops, and manages Class A office properties primarily in Sun Belt markets. This includes leasing space to tenants, property management, and development of new office buildings.
- Mixed-Use Developments: Cousins engages in mixed-use developments combining office, retail, and residential components in urban locations. These developments create vibrant, integrated environments.
Leadership and Structure
The leadership team includes Colin Connolly (President & CEO) and Gregg Adzema (EVP & CFO). Cousins operates as a REIT with a board of directors overseeing its strategic direction and governance.
Top Products and Market Share
Key Offerings
- Class A Office Space: Cousins' primary product is Class A office space in high-growth Sun Belt markets. Market share data is fragmented across different cities, but Cousins aims to be a dominant player in its chosen markets. Competitors include Highwoods Properties (HIW), Boston Properties (BXP), and Columbia Property Trust (acquired by PIMCO).
- Property Management Services: Cousins offers property management services to its tenants, ensuring high occupancy rates and tenant satisfaction. While not a standalone product, it contributes to overall revenue and competitiveness. Competitors include CBRE Group (CBRE) and Jones Lang LaSalle (JLL).
Market Dynamics
Industry Overview
The commercial real estate industry, particularly the office sector, is currently experiencing challenges due to remote work trends and economic uncertainty. However, Sun Belt markets are showing resilience and growth, driven by population migration and business relocation.
Positioning
Cousins is positioned as a premium office REIT focused on high-growth Sun Belt markets. Its competitive advantages include a high-quality portfolio, strong tenant relationships, and a disciplined capital allocation strategy.
Total Addressable Market (TAM)
The total addressable market for Class A office space in the Sun Belt is estimated to be in the hundreds of billions of dollars. Cousins, with its focus on select markets and premium properties, is well-positioned to capture a significant share of this TAM.
Upturn SWOT Analysis
Strengths
- High-quality portfolio of Class A office properties
- Focus on high-growth Sun Belt markets
- Strong tenant relationships
- Experienced management team
- Disciplined capital allocation
Weaknesses
- Exposure to economic cycles
- Concentration in specific geographic markets
- Vulnerability to remote work trends
- Reliance on large tenants
Opportunities
- Acquisitions of undervalued properties
- Development of new office buildings in strategic locations
- Expansion into new Sun Belt markets
- Increased demand for sustainable and wellness-focused office spaces
Threats
- Economic downturn
- Increased interest rates
- Remote work trends
- Increased competition
- Changes in tax laws affecting REITs
Competitors and Market Share
Key Competitors
- HIW
- BXP
- SLG
Competitive Landscape
Cousins competes with other REITs for tenants and investment opportunities. Its advantages include its focus on the Sun Belt, high-quality portfolio, and strong tenant relationships. Disadvantages may include its smaller size compared to larger REITs like BXP.
Major Acquisitions
Post Properties
- Year: 2016
- Acquisition Price (USD millions): 1600
- Strategic Rationale: The acquisition of Post Properties expanded Cousins' portfolio and presence in key Sun Belt markets, particularly Atlanta.
Growth Trajectory and Initiatives
Historical Growth: Cousins' growth has been driven by acquisitions, development projects, and organic leasing. The pace of growth has varied depending on market conditions and economic cycles.
Future Projections: Analyst estimates project moderate growth for Cousins, driven by continued demand for office space in the Sun Belt. However, growth may be tempered by economic uncertainty and remote work trends.
Recent Initiatives: Recent initiatives include acquiring and developing new properties in Austin and Charlotte, and focusing on sustainable building practices.
Summary
Cousins Properties is a focused REIT that specializes in Class A offices in high-growth Sun Belt cities. They have strong tenant relationships and a growing presence in key markets and a disciplined capital allocation approach. They face potential risks due to economic cycles and shift to remote work. Focus on developing properties to increase market share is working well for them. It needs to diversify its customer base to reduce the risk of high exposure to a few large clients.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
This analysis is based on available information and assumptions. Actual results may vary. This is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cousins Properties Incorporated
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Michael Colin Connolly | ||
Sector Real Estate | Industry REIT - Office | Full time employees 306 | Website https://www.cousins.com |
Full time employees 306 | Website https://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 buildings 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. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.

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