Cousins Properties Inc
NYSE:CUZ
Intrinsic Value
Cousins Properties, Inc. engages in the development, acquisition, leasing and management of real estate assets. [ Read More ]
The intrinsic value of one CUZ stock under the Base Case scenario is 23.98 USD. Compared to the current market price of 23.57 USD, Cousins Properties Inc is Undervalued by 2%.
Valuation Backtest
Cousins Properties Inc
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Fundamental Analysis
Strong Leasing Activity and Solid Balance Sheet
2023-Q4 Earnings Call
In a robust year, the company signed nearly 1.7 million square feet of office leases, with about 50% being new and expansions, signaling strong demand. Notably, Neuhoff in Nashville reached 88% office lease completion. Average net rent was $35.15 for the year, close to a historical high. Efforts to renew leases early are underway as they face minimal expirations through 2026. They also boasted an increase in parking revenues by 15% over the year and maintain a strong liquidity position. However, more detailed assessment, including specific 2024 earnings guidance, was not accessible due to document analysis issues.
Balance Sheet Decomposition
Cousins Properties Inc
Current Assets | 235.2m |
Cash & Short-Term Investments | 6m |
Receivables | 220.5m |
Other Current Assets | 8.7m |
Non-Current Assets | 7.4B |
Long-Term Investments | 143.8m |
PP&E | 7.1B |
Intangibles | 110.7m |
Other Non-Current Assets | 71.4m |
Current Liabilities | 778.6m |
Accounts Payable | 299.8m |
Accrued Liabilities | 49.8m |
Other Current Liabilities | 429.1m |
Non-Current Liabilities | 2.3B |
Long-Term Debt | 2B |
Other Non-Current Liabilities | 303.1m |
Earnings Waterfall
Cousins Properties Inc
Revenue
|
802.9m
USD
|
Cost of Revenue
|
-268.6m
USD
|
Gross Profit
|
534.3m
USD
|
Operating Expenses
|
-347.8m
USD
|
Operating Income
|
186.5m
USD
|
Other Expenses
|
-103.5m
USD
|
Net Income
|
83m
USD
|
Free Cash Flow Analysis
Cousins Properties Inc
What is Free Cash Flow?
CUZ Profitability Score
Profitability Due Diligence
Cousins Properties Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.
Score
Cousins Properties Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.
CUZ Solvency Score
Solvency Due Diligence
Cousins Properties Inc's solvency score is 27/100. The higher the solvency score, the more solvent the company is.
Score
Cousins Properties Inc's solvency score is 27/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CUZ Price Targets Summary
Cousins Properties Inc
According to Wall Street analysts, the average 1-year price target for CUZ is 26.06 USD with a low forecast of 19.19 USD and a high forecast of 30.45 USD.
Ownership
CUZ Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
CUZ Price
Cousins Properties Inc
Average Annual Return | -3.91% |
Standard Deviation of Annual Returns | 28.78% |
Max Drawdown | -56% |
Market Capitalization | 3.6B USD |
Shares Outstanding | 152 105 000 |
Percentage of Shares Shorted | 4.09% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Cousins Properties, Inc. engages in the development, acquisition, leasing and management of real estate assets. The company is headquartered in Atlanta, Georgia and currently employs 294 full-time employees. The firm conducts its operations through its subsidiary Cousins Properties LP (CPLP). Its segments are classified by property type and geographical area. The segments by property type are Office and Non-Office. The segments by geographical region are Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. Included in other markets are properties located in Chapel Hill, Houston, Nashville, and a property in Cherry Hill. Included in Non-Office are retail and apartments in Chapel Hill and Atlanta as well as the College Street Garage in Charlotte. The company develops, acquires, leases, manages, and owns primarily Class A office properties and mixed-use developments in the Sun Belt markets of the United States. The Company’s portfolio of real estate assets consists of interests in approximately 18.3 million square feet of office space and 620,000 square feet of other space.
Contact
IPO
Employees
Officers
The intrinsic value of one CUZ stock under the Base Case scenario is 23.98 USD.
Compared to the current market price of 23.57 USD, Cousins Properties Inc is Undervalued by 2%.