EN DE

Cousins Properties Incorporated (CUZ) Fair Value & Analysis

Real Estate · US · Market cap $4.7B · ISIN US2227955026

What is Cousins Properties Incorporated really worth?

CP Cousins Properties Incorporated logo Cousins Properties Incorporated CUZ · US
Price$29.25
Fair Value$17.46
Upside−40.3%
Quality34/100

Below-average quality, and trading another 68% above our fair value of $17.46.

Watch Cousins Properties Incorporated for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Moderate debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +6.1 %/yr)
!Loss over the last twelve months · -0.5% net margin · fiscal year 2025 4.1%
!Trails peers (3/14)
!Narrow moat 29/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 24 out of 100

For context

·4.38% dividend yield
Evidence: Medium Range $11.53 – $17.46

Fair value as of: Sep 5, 2026

From 16 valuation models · updated today

Share price −5.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($17.46). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

$34.09 $15.58 Fair Value $17.46 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range $15.58 – $34.09 · fair‑value band $11.53 – $17.46 · the $29.25 price screens above the $17.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Cousins Properties Incorporated (CUZ) currently trades at $29.25, while our model-based Fair Value estimate is $17.46, implying the stock looks roughly 67.5% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of $27.64 per share, and 2 of the 10 models we run sit above the $29.25 price. Bear case: the Multiples group reads lowest at $4.18, and 8 of the 10 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Cousins Properties Incorporated generated revenue of $998M at a net margin of −0.5%. Revenue grew 4.8% year over year. It earns a return on equity of −0.1%. Net debt stands at $3.7B. Fundamentals as of Sep 5, 2026

Our scenario range runs from $11.53 (bear case) to $17.46 (bull case); at $29.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −22% fair-value upside, at −40%, CUZ screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $6.20 77
Residual Income $19.18 $17.95 $12.66 76
Growth DCF $4.83 75
All 16 models by family
DCF Models
FCF DCF $6.20 77
5Y Revenue Exit $10.41 69
5Y EBITDA Exit $12.52 $42.30 $79.32 70
10Y Revenue Exit $8.55 64
10Y EBITDA Exit $4.05 $27.64 $63.10 60
Dividend Discount
Gordon GGM $11.52 $22.95 $34.76 67
DDM Multi-Stage $11.52 $19.84 $24.23 67
Multiples
P/S Multiple $3.14 $4.18 $5.23 58
P/B Multiple $3.14 $4.18 $5.23 55
EV/EBIT $2.09 $9.54 $17.00 59
EV/EBITDA $29.19 $45.68 $62.17 66
EV/Revenue $2.63 50
Asset-Based
NCAV (Graham) $14.22 $19.06 $28.44 54
Growth DCF
Growth DCF $4.83 75
Rev-Margin DCF $9.17 69
Economic Profit
Residual Income $19.18 $17.95 $12.66 76

Widest divergence: DCF Models ($27.64) versus Multiples ($4.18). Highest evidence: FCF DCF (77).

Notify me when CUZ reaches fair value

Put CUZ on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/S ratio 4.66 TTM
EPS (TTM) $−0.0300
Dividend yield 4.4%
Net margin 4.1% FY2025
Return on equity −0.1% TTM
Return on assets (EBIT) 2.4% avg 5y
More key figures
Profitability
Operating margin 22.1% TTM
Growth
Revenue (TTM) $998M TTM
Revenue growth (YoY) +4.8% 3y avg +9.2%
EPS growth (YoY) −30.5%
Balance sheet & cash flow
Free cash flow $135M FY2025
Net debt $3.7B FY2025 · ≈ 27.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 38 · Market factors (momentum, volatility) 60

Profitability 14
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 21
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust. The Company acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets.

Full company description

Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust. The Company acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. 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. Cousins Properties Incorporated was founded in 1958 and is based in Georgia, Atlanta.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cousins Properties Incorporated reported revenue of $994M in FY2025 versus $755M in FY2021, a compound +7.1%/yr. Reported net income was $40.5M in FY2025, compounding −38.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$994M
Latest YoY
+16.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.1%
Avg. revenue growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
−30.2% (−34.6 + 4.4)
Revenue +7.1%/yr
FY21 $755M
FY22 $762M
FY23 $803M
FY24 $857M
FY25 $994M
Net income −38.3%/yr
FY21 $279M
FY22 $167M
FY23 $83.0M
FY24 $46.0M
FY25 $40.5M

CUZ screens 68% overvalued. Compare with MERLIN Properties SOCIMI, S.A →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Cousins Properties Incorporated Fair Value". https://www.fairvalue-calculator.com/stock/CUZ

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

REIT - Office · 69 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −40% · Below median
Return on assets 2% · Below median
Net margin (TTM) −1% · Below median
Operating margin (TTM) 22% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 4.4% · Below median
Debt / equity 0.71× · Higher than median

Valuation Multiples vs REIT - Office median · lower = cheaper

P/B 0.99× · Pricier than median
P/S (TTM) 4.67× · Pricier than median
P/FCF 34.5× · Pricier than 75% of peers
EV/EBITDA 12.5× · Cheaper than median
PEG 1.31× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 24
FUTURE24 · sector 0
PAST0 · sector 11
HEALTH64 · sector 66
DIVIDEND88 · sector 100

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
MERLIN Properties SOCIMI, S.A MRL €13.51 €5.66 −58%
BXP, Inc BXP $67.95 $53.27 −22%
Vornado Realty Trust VNORP $51.00 $40.45 −21%
Alexandria Real Estate Equities, Inc ARE $51.63 $58.69 +14%
Gecina GFC €67.25 €75.35 +12%
Hudson Pacific Properties, Inc HPP $12.74 $3.81 −70%
Mapletree Pan Asia Commercial Trust N2IU 1.27 SGD 1.14 SGD −10%
EMBASSYRR EMBASSYRR ₹449.01 ₹134.34 −70%
Embassy Office Parks REIT owns, EMBASSY ₹435.90 ₹141.82 −67%
DEXUS DXS A$5.96 A$4.49 −25%

Compare Cousins Properties Incorporated with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Cousins Properties Incorporated (CUZ) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of $17.46 versus a price of $29.25, about −40% upside (overvalued).
What is the fair value of CUZ?
Our model-based fair value for Cousins Properties Incorporated is $17.46 (as of Sep 5, 2026), built from audited fundamentals. The current price: $29.25.
What is the quality score of CUZ?
Cousins Properties Incorporated has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Cousins Properties Incorporated (CUZ)?
Cousins Properties Incorporated reported trailing-twelve-month revenue of about $998M (latest available figure, as of Sep 5, 2026).
What is the net profit margin of CUZ?
The net profit margin of Cousins Properties Incorporated is about −0.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Cousins Properties Incorporated pay a dividend?
Cousins Properties Incorporated currently shows a dividend yield of about 4.38% relative to its recent price (as of Sep 5, 2026).
Free · no account needed

Watch Cousins Properties Incorporated in the live analysis

One click puts Cousins Properties Incorporated on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.