Cousins Properties | REIT Profile

Symbol: CUZ
CIK: 25232
Exchange: NYSE
Founded: 1958 (64 years)
HQ: Atlanta, GA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office

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See CUZ on SEC.gov

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Overall Score: 8.4

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $41.17
Closing Price: $41.45
Price Change: -0.01 (-0.024%)
Lowest Price: $40.86
Highest Price: $41.52

52-Week Low: $30.22
52-Week High: $42.41
52-Week Change: 26.74%

5 Day Price Change: -0.74%
1 Month Price Change: 6.65%
3 Month Price Change: 6.21%
6 Month Price Change: 10.48%
YTD Price Change: 3.71%
1 Year Price Change: 27.79%
2 Year Price Change: 7.95%
5 Year Price Change: 46.39%

Dividend of Trading Day January 14, 2022


Dividend Yield: 2.992%*
Annualized Dividend: $1.24*
Dividend Yield (TTM): 2.956%
Annualized Dividend (TTM): $1.2255
Ex-Dividend Date: 2022-01-04
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $5,532,000
Current Debt: $332,392,000
Revenue: $748,066,000
Gross Profit: $748,066,000
Total Revenue: $748,066,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $522,756,000
Revenue Per Share: $5
Revenue Per Employee: $2,260,018
Employee: 316
Debt to Equity Ratio (D/E): 1.57
Profit Margin: 0.16%
Enterprise Value (EV): $8,206,672,973
Enterprise Value to Revenue (EV/R): 10.97
Price to Sales (P/S): 8.24
Price to Book (P/B): 1.39
Price/Earnings-to-Growth (PEG) Ratio: -0.78
P/E Ratio: 50.38
P/E High: 8.41
P/E Low: 6.05
Forward P/E Ratio: 55.65
Market Capitalization: $6,163,119,092
Beta: 0.69
Latest Volume: 688,669
Avg. Total Volume: 867,155
Avg. 10-Day Volume: 822,971
Avg. 30-Day Volume: 867,155
TTM EPS: 0.82
Shares Outstanding: 148,688,036
Float: N/A
50-Day Moving Avg.: $39.49
200-Day Moving Avg.: $38.64

Latest REIT Community Comments on #CUZ


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Properties Owned by CUZ


Properties Based on REIT's Official Presentation

Properties Types States Countries
54 1 6 1

Please visit REIT’s official webpage for the most up-to-date property list.

CUZ Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $39.70 per share you would have been able to buy 25 shares of CUZ on 2021-01-16 costing $992.50 @ $39.70 per share you would have been able to buy 12 shares of CUZ on 2021-01-16 costing $476.40 @ $39.70 per share you would have been able to buy 6 shares of CUZ on 2021-01-16 costing $238.20 @ $39.70 per share you would have been able to buy 2 shares of CUZ on 2021-01-16 costing $79.40 @ $39.70 per share you would have been able to buy 1 shares of CUZ on 2021-01-16 costing $39.70
Current worth On 2022-01-14 these 25 shares would be worth $1,036.25 @ $41.45 On 2022-01-14 these 12 shares would be worth $497.40 @ $41.45 On 2022-01-14 these 6 shares would be worth $248.70 @ $41.45 On 2022-01-14 these 2 shares would be worth $82.90 @ $41.45 On 2022-01-14 these 1 shares would be worth $41.45 @ $41.45
Dividends earned $31.00 in dividends would have been earned since 2021-01-16 with 25 shares. $15 in dividends would have been earned since 2021-01-16 with 12 shares. $7.44 in dividends would have been earned since 2021-01-16 with 6 shares. $2.48 in dividends would have been earned since 2021-01-16 with 2 shares. $1.24 in dividends would have been earned since 2021-01-16 with 12 shares.
Net (gain / loss)* 74.75 USD 35.88 USD 17.94 USD 5.98 USD 2.99 USD
ROI** 7.53% 7.53% 7.53% 7.53% 7.53%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by CUZ. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
CUZ 2022-01-04 0.310 --- 2021-12-20 2022-01-05 2022-01-14
CUZ 2021-10-04 0.310 --- 2021-09-21 2021-10-05 2021-10-15
CUZ 2021-07-02 0.310 --- 2021-06-21 2021-07-06 2021-07-19
CUZ 2021-04-05 0.310 3.33% 2021-03-17 2021-04-06 2021-04-19
CUZ 2020-12-31 0.300 --- 2020-12-17 2021-01-04 2021-01-14
CUZ 2020-10-02 0.300 --- 2020-09-21 2020-10-05 2020-10-15
CUZ 2020-07-02 0.300 --- 2020-06-18 2020-07-06 2020-07-17
CUZ 2020-04-02 0.300 3.45% 2020-03-18 2020-04-03 2020-04-15
CUZ 2020-01-02 0.290 --- 2019-12-18 2020-01-03 2020-01-13
CUZ 2019-10-02 0.290 --- 2019-09-18 2019-10-03 2019-10-15
CUZ 2019-07-02 0.290 300.00% 2019-06-18 2019-07-03 2019-07-15
CUZ 2019-04-02 0.073 11.54% 2019-03-22 2019-04-03 2019-04-15
CUZ 2019-01-03 0.065 --- 2018-12-18 2019-01-04 2019-01-14
CUZ 2018-10-02 0.065 --- 2018-09-20 2018-10-03 2018-10-15
CUZ 2018-07-02 0.065 --- 2018-06-19 2018-07-03 2018-07-16
CUZ 2018-04-02 0.065 8.33% 2018-03-19 2018-04-03 2018-04-13
CUZ 2017-12-29 0.060 --- 2017-12-19 2018-01-02 2018-01-12
CUZ 2017-09-29 0.060 --- 2017-09-19 2017-10-02 2017-10-12
CUZ 2017-06-29 0.060 --- 2017-06-19 2017-07-03 2017-07-13
CUZ 2017-03-30 0.060 --- 2017-03-20 2017-04-03 2017-04-13

Financial Statements Overview


The next Earnings Report for CUZ is 2022-02-03

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 5,532,000 9,792,000 14,576,000 4,290,000
Receivables 165,483,000 169,338,000 167,112,000 20,248,000
Inventory 0 0 0 0
Current Assets 172,251,000 180,386,000 182,944,000 168,974,000
Current Assets (Other) 0 0 0 144,436,000
Short Term Investments 0 0 0 144,436,000
Long-term Investments 6,805,113,000 6,765,584,000 6,923,238,000 6,938,424,000
Property, Plant & Equipment Net 6,478,094,000 6,200,722,000 6,459,235,000 6,469,552,000
Goodwill 0 0 0 0
Intangible Assets 158,189,000 155,918,000 177,146,000 189,164,000
Other Assets 57,479,000 35,979,000 39,320,000 26,633,000
Net Tangible Assets 4,286,903,000 4,279,945,000 4,273,809,000 4,277,970,000
Total Assets 6,977,364,000 6,945,970,000 7,106,182,000 7,107,398,000
Accounts Payable 0 0 0 0
Liabilities (Other) 61,284,000 60,281,000 71,372,000 5,294,000
Current Liabilities (Other) 332,392,000 309,973,000 280,586,000 372,622,000
Total Current Liabilities 332,392,000 309,973,000 280,586,000 372,622,000
Current Long-term Debt 0 0 0 0
Long-term Debt 2,047,599,000 2,050,173,000 2,214,692,000 2,162,719,000
Total Liabilities 2,532,272,000 2,510,107,000 2,655,227,000 2,640,264,000
Minority Interest 32,450,000 31,541,000 30,293,000 28,404,000
Common Stock 148,688,000 148,665,000 148,624,000 148,570,000
Retained Earnings -1,105,516,000 -1,113,273,000 -1,095,361,000 -1,078,304,000
Treasury Stock -148,473,000 -148,473,000 -148,473,000 -148,473,000
Capital Surplus 0 0 0 0
Shareholder Equity 4,445,092,000 4,435,863,000 4,450,955,000 4,467,134,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 188,732,000 186,637,000 189,550,000 183,147,000
Cost of Revenue 0 0 0 0
Gross Profit 188,732,000 186,637,000 189,550,000 183,147,000
Research and Development 0 0 0 0
Selling General and Admin 7,968,000 7,313,000 6,733,000 7,181,000
Operating Expense 133,078,000 143,707,000 144,917,000 187,822,000
Operating Income 55,654,000 42,930,000 44,633,000 -4,675,000
Income Expense Net (Other) 0 0 0 0
EBIT 57,782,000 44,725,000 46,536,000 86,646,000
Interest Income 16,709,000 16,656,000 17,208,000 15,650,000
Pretax Income 54,136,000 28,060,000 29,311,000 11,314,000
Income Tax 0 0 0 0
Minority Interest 118,000 -93,000 201,000 195,000
Net Income 54,018,000 28,153,000 29,110,000 11,119,000
Net Income Basic 54,018,000 28,153,000 29,110,000 11,119,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 54,018,000 28,153,000 29,110,000 11,119,000
Depreciation 72,073,000 71,456,000 70,870,000 288,648,000
Changes in Receivables 165,483,000 169,338,000 167,112,000 20,248,000
Changes in Inventories 0 0 0 0
Cash Change 5,532,000 9,792,000 14,576,000 4,290,000
Cash Flow 130,897,000 131,913,000 35,777,000 92,081,000
Capital Expenditures -372,234,000 -54,640,000 -61,369,000 -619,602,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -87,762,000 584,000 35,772,000 -310,796,000
Dividends Paid 0 0 0 0
Net Borrowings 2,042,067,000 2,040,381,000 2,200,116,000 2,013,993,000
Cash Flow Financing -47,415,000 -189,447,000 -9,689,000 186,134,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Cousins Properties


Cousins Properties Incorporated (NYSE:CUZ) is a fully integrated, self-administered and self-managed real estate investment trust (REIT) based in Atlanta, Georgia. Founded in 1958 by Tom Cousins, the Company has extensive expertise in development, acquisition, leasing and property management of Class A office towers. Today the Company currently manages a 15.2 million-square-foot trophy office portfolio in the high-growth Sun Belt markets of Atlanta, Austin, Charlotte, Orlando, Tampa and Tempe.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.7
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.4 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8