Cousins Properties (CUZ)
(Delayed Data from NYSE)
$28.51 USD
+0.42 (1.50%)
Updated Aug 30, 2024 04:00 PM ET
After-Market: $28.52 +0.01 (0.04%) 7:58 PM ET
2-Buy of 5 2
C Value F Growth D Momentum F VGM
Company Summary
Founded in 1958, Cousins Properties Incorporated is a real estate investment trust (REIT) based in Atlanta, GA. The company engages in the acquisition, ownership, leasing, development, and management of class A office and mixed-use properties throughout the Sunbelt markets of the United States, with special focus on Atlanta, Austin, Charlotte, Phoenix, Tampa, Dallas, and Nashville.
As of Mar 31, 2024, the company’s portfolio of real estate assets comprised interests in 18.8 million square feet of office space and 310,000 square feet of multi-family space. As of the same date, its share of the total expected cost for ...
Company Summary
Founded in 1958, Cousins Properties Incorporated is a real estate investment trust (REIT) based in Atlanta, GA. The company engages in the acquisition, ownership, leasing, development, and management of class A office and mixed-use properties throughout the Sunbelt markets of the United States, with special focus on Atlanta, Austin, Charlotte, Phoenix, Tampa, Dallas, and Nashville.
As of Mar 31, 2024, the company’s portfolio of real estate assets comprised interests in 18.8 million square feet of office space and 310,000 square feet of multi-family space. As of the same date, its share of the total expected cost for the development projects totaled $438 million, of which it has incurred around $371.5 million so far.
Cousins Properties has enhanced its scale with strategic transactions. In June 2019, the REIT completed the merger with TIER REIT in a 100% stock-for-stock deal. The move has helped create a Sun Belt-focused Class A office REIT and improved scale by providing a strategic foothold in Dallas, enhancing its footprint in Austin and Charlotte and balancing its presence in Atlanta.
Cousins Properties focuses on both growth and repositioning of its portfolio. Therefore, apart from this transaction, the company acquired 2.6 million square feet of operating properties for $974 million in the gross purchase price, completed 2.2 million square feet of development at total project costs of $858 million and sold 5.5 million square feet of operating properties for $1.3 billion in the gross sales price over the past five years.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
Cousins Properties Incorporated
3344 Peachtree Road NE Suite1800
ATLANTA, GA 30326
Phone: 404-407-1000
Fax: 770-857-2360
Email: rimbeaux@cousins.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/24/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.67 |
Current Year EPS Consensus Estimate | 2.66 |
Estimated Long-Term EPS Growth Rate | 2.30 |
Exp Earnings Date | 10/24/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 28.09 |
52 Week High | 28.41 |
52 Week Low | 17.40 |
Beta | 1.31 |
20 Day Moving Average | 877,204.38 |
Target Price Consensus | 27.27 |
4 Week | 6.82 |
12 Week | 25.04 |
YTD | 17.08 |
4 Week | 1.11 |
12 Week | 18.37 |
YTD | -1.13 |
Shares Outstanding (millions) | 152.14 |
Market Capitalization (millions) | 4,337.52 |
Short Ratio | NA |
Last Split Date | 6/17/2019 |
Dividend Yield | 4.49% |
Annual Dividend | $1.28 |
Payout Ratio | 0.49 |
Change in Payout Ratio | 0.08 |
Last Dividend Payout / Amount | 7/3/2024 / $0.32 |
Fundamental Ratios
P/E (F1) | 10.71 |
Trailing 12 Months | 10.84 |
PEG Ratio | 4.70 |
vs. Previous Year | -75.27% |
vs. Previous Quarter | 4.62% |
vs. Previous Year | 4.24% |
vs. Previous Quarter | 1.79% |
Price/Book | 0.97 |
Price/Cash Flow | 10.76 |
Price / Sales | 5.30 |
6/30/24 | 1.31 |
3/31/24 | 1.62 |
12/31/23 | 1.81 |
6/30/24 | 0.77 |
3/31/24 | 0.97 |
12/31/23 | 1.09 |
6/30/24 | 1.03 |
3/31/24 | 1.07 |
12/31/23 | 0.76 |
6/30/24 | 1.03 |
3/31/24 | 1.07 |
12/31/23 | 0.76 |
6/30/24 | 7.25 |
3/31/24 | 9.15 |
12/31/23 | 10.33 |
6/30/24 | 7.25 |
3/31/24 | 9.15 |
12/31/23 | 10.33 |
6/30/24 | 7.03 |
3/31/24 | 8.94 |
12/31/23 | 10.09 |
6/30/24 | 29.43 |
3/31/24 | 29.69 |
12/31/23 | 29.97 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.58 |
3/31/24 | 0.57 |
12/31/23 | 0.54 |
6/30/24 | 36.62 |
3/31/24 | 36.21 |
12/31/23 | 35.08 |