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Cousins Properties Inc
NYSE:CUZ

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Cousins Properties Inc Logo
Cousins Properties Inc
NYSE:CUZ
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Price: 23.57 USD 3.33%
Updated: Mar 28, 2024

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%.

Key Points:
CUZ Intrinsic Value
Base Case
23.98 USD
Undervaluation 2%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Cousins Properties Inc

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Fundamental Analysis

Strong Leasing Activity and Solid Balance Sheet
2023-Q4 Earnings Call

Strong Leasing Activity and Solid Balance Sheet

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

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.

Positive Gross Profit
Positive Net Income
Positive Operating Income
Positive 3-Years Revenue Growth
47/100
Profitability
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.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
27/100
Solvency
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

Wall Street analysts forecast CUZ stock price to rise over the next 12 months.

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.

Lowest
Price Target
19.19 USD
19% Downside
Average
Price Target
26.06 USD
11% Upside
Highest
Price Target
30.45 USD
29% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

CUZ Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

CUZ Price
Cousins Properties Inc

1M 1M
+4%
6M 6M
+18%
1Y 1Y
+20%
3Y 3Y
-28%
5Y 5Y
-28%
10Y 10Y
+1%
Annual Price Range
23.57
52w Low
17.61
52w High
24.8
Price Metrics
Average Annual Return -3.91%
Standard Deviation of Annual Returns 28.78%
Max Drawdown -56%
Shares Statistics
Market Capitalization 3.6B USD
Shares Outstanding 152 105 000
Percentage of Shares Shorted 4.09%

CUZ Return Decomposition
Main factors of price return

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CUZ News

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Company Profile

Cousins Properties Inc Logo
Cousins Properties Inc

Country

United States of America

Industry

Real Estate

Market Cap

3.6B USD

Dividend Yield

5.61%

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

GEORGIA
Atlanta
3344 Peachtree Rd NE
+14044071000.0
https://cousins.com/

IPO

1980-03-17

Employees

294

Officers

President, CEO & Director
Mr. Michael Colin Connolly
Executive VP & CFO
Mr. Gregg D. Adzema
Executive Vice President of Operations
Mr. Richard G. Hickson IV
Chief Investment Officer, Executive VP & MD of Atlanta
Ms. Jane Kennedy Hicks
Executive Vice President of Development
Mr. John S. McColl
Senior VP & Chief Accounting Officer
Mr. Jeffrey D. Symes
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Senior VP & Chief Information Officer
Mr. Brandon Van Orden
Vice President of Finance & Investor Relations
Ms. Roni Imbeaux
Executive VP, General Counsel & Corporate Secretary
Ms. Pamela F. Roper Esq.
Vice President & Head of Corporate Communications
Ms. Melissa McNamara
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See Also

Discover More
What is the Intrinsic Value of one CUZ stock?

The intrinsic value of one CUZ stock under the Base Case scenario is 23.98 USD.

Is CUZ stock undervalued or overvalued?

Compared to the current market price of 23.57 USD, Cousins Properties Inc is Undervalued by 2%.