Cousins Properties Incorporated (CUZ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cousins Properties Incorporated

NYSE•Real Estate•REIT - Office

$29.55+0.46(0.02%)Pre-market

Market Cap

$4.81B

P/E

324.4x

P/S

4.6x

P/B

1.1x

Cousins Properties Incorporated 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 based on a simple platform, trophy assets, and opportunistic investments. Cousins Properties Incorporated was founded in 1958 and is based in Georgia.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Cash & Earnings Quality (20/25); weakest: Growth (11/25).

Profitability13/25

Growth11/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality20/25

Strengths

Strong marginsCash-backed earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 324.4x5y range 11.3x – 772.2x

Currently above its 19-quarter median.

P/S · 4.6x5y range 3.6x – 8.1x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.7x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $4.81B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.05B
Q. Revenue: $259.42M
TTM EBITDA: $1.14B
TTM Op. Income: $714.78M
Q. Op. Income: $180.17M
TTM Net Income: $14.84M
Q. Net Income: $17.00M
EPS: $0.1
Shares Out.: $164.60M

$1.05B in TTM revenue grew 8.5% YoY, reaching $259.42M last quarter. TTM EBITDA of $1.14B and TTM operating income of $714.78M show growth is flowing through to the bottom line. TTM net income of $14.84M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 109.3%
Op. Margin: 69.5%
Net Margin: 6.6%

Op. margin of 69.5% is up 1.3% YoY — cost efficiency is improving. Net margin at 6.6% Over the past year, operating margin is up 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 324.4x
P/S Ratio: 4.6x
P/B Ratio: 1.1x

At 324.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.6x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 287% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.88B
Cash: $5.21M
Long-Term Debt: $3.58B
Book Value: $4.45B
D/E Ratio: 0.8
Debt/EBITDA: 12.6

With $8.88B in assets and $3.58B in long-term debt, D/E is 0.8and book value is $4.45B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $111.31M
TTM Free Cash Flow: $36.24M
FCF Margin: 3.5%
FCF / Net Income: 2.4

TTM FCF of $36.24M on $111.31M in operating cash flow. The FCF / Net Income ratio of 2.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.