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

$28.27+0.33(0.01%)Pre-market

Market Cap

$4.66B

P/E

724.6x

P/S

4.5x

P/B

1.0x

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: 48/100

Strongest: Balance Sheet & Red Flags (13/25); weakest: Profitability (10/25).

Profitability10/25

Growth12/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality13/25

Strengths

Strong marginsCash-backed earningsConsistent growth

Valuation vs. 5-year range

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

P/E · 724.6x5y range 11.3x – 724.6x

Currently above its 19-quarter median.

P/S · 4.5x5y range 3.6x – 8.1x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.7x – 1.3x

Watch items

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

High Risk

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 $4.66B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $1.03B
Q. Revenue: $268.53M
TTM EBITDA: $1.13B
TTM Op. Income: $703.79M
Q. Op. Income: $182.34M
TTM Net Income: $6.42M
Q. Net Income: $26.16M
EPS: $0.16
Shares Out.: $164.56M

$1.03B in TTM revenue grew 11.9% YoY, reaching $268.53M last quarter. TTM EBITDA of $1.13B and TTM operating income of $703.79M show growth is flowing through to the bottom line. TTM net income of $6.42M 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: 106.9%
Op. Margin: 67.9%
Net Margin: 9.7%

Op. margin of 67.9% is down 1.5% YoY — costs are rising relative to revenue. Net margin at 9.7% Over the past year, operating margin is down 2% — a weakening trend.

Price Ratios

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

P/E Ratio: 724.6x
P/S Ratio: 4.5x
P/B Ratio: 1.0x

At 724.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.5x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 7 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $9.04B
Cash: $6.70M
Long-Term Debt: $3.73B
Book Value: $4.48B
D/E Ratio: 0.8
Debt/EBITDA: 13.0

With $9.04B in assets and $3.73B in long-term debt, D/E is 0.8and book value is $4.48B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 14% — an improving trend.

Cash Flow

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

Op. Cash Flow: $156.53M
TTM Free Cash Flow: $-114.71M
FCF Margin: -11.1%
FCF / Net Income: -17.9

TTM FCF of $-114.71M on $156.53M in operating cash flow. The FCF / Net Income ratio of -17.9x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 193% — an improving trend.