Cousins Properties (CUZ)
Real Estate · Office REITs / Commercial Office Real Estate
A Sun Belt focused office REIT specializing in modern, amenity-rich Class A properties and mixed-use development in high-growth markets like Austin, Dallas, Atlanta, and Nashville.
What Cousins Properties does
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that develops, acquires, leases, manages, and owns primarily Class A office properties and opportunistic mixed-use developments in Sun Belt markets across the United States. The company focuses on "lifestyle office" properties—modern, well-amenitied buildings in high-demand locations—primarily in Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas, and Nashville, with additional exposure through joint ventures including the Neuhoff mixed-use development in Nashville.
Themes: ["Office real estate / workplace","Sun Belt commercial real estate","Mixed-use development","REIT / income property"]
Fundamentals
- Price$30.27 as of 2026-07-09 close
- Market cap$5.0B as of 2026-07-10
- 1-year return+3.5% as of 2026-07-09 close
- P/E123.62 as of 2026-07-10
- Net margin-0.5% as of 2026-07-10
- Gross margin+68.0% as of 2026-07-10
- ROE-0.1% as of 2026-07-10
- Debt / equity0.84 as of 2026-07-10
- Revenue growth (YoY)+12.1% as of 2026-07-10
- Revenue CAGR (3y)+9.2% SEC XBRL
- Beta1.17 as of 2026-07-10
Dividend: yield +4.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Office real estate market headwinds—market occupancy rates, tenant demand, and lease rate conditions in office properties remain pressured, with company reporting operating property impairment charges of $36.6M in Q1 2026","Leverage and refinancing risk—company carries $3.77 billion in notes payable as of March 2026, requiring ongoing refinancing access and interest rate management","Capital intensity and development execution—significant capital deployed to major projects like Neuhoff (expected $294.6M total share of costs), exposing company to construction, cost overrun, and lease-up risks"]
Competitors & peers
- Boston Properties (BXP)
- Paramount Group (PGRE)
- Highwoods Properties (HIW)
- Brandywine Realty Trust (BDN)
- Ventas (VTR)
- Piedmont Office Realty Trust (PDL)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.