Cousins Properties Incorporated (CUZ) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Cousins Properties Incorporated $7.87, price $28.25, upside -72.1%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $15.58 – $34.09 · fair‑value band $7.87 – $21.50 · the $28.25 price screens above the $7.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust. The Company acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets.
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Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust. The Company acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. 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 in place based on a simple platform, trophy assets, and opportunistic investments. Cousins Properties Incorporated was founded in 1958 and is based in Georgia, Atlanta.
Stock analysis
Cousins Properties Incorporated (CUZ) currently trades at $28.25, while our model-based Fair Value estimate is $7.87, implying the stock looks roughly 258.9% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $19.84 per share, and 3 of the 15 models we run sit above the $28.25 price.
Bear case: the Growth DCF group reads lowest at $2.78, and 12 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: $7.87 (bear) to $21.50 (bull), the price of $28.25 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cousins Properties Incorporated reported revenue of $994M in FY2025 versus $755M in FY2021, a compound +7.1%/yr. Reported net income was $40.5M in FY2025, compounding −38.3%/yr from FY2021.
Key figures
Market cap $4.8B · P/S ratio 4.66 · EPS (TTM) $−0.0300 · Dividend yield 4.5% · Net margin 4.1% · Return on equity −0.1% · Return on assets (EBIT) 2.4% · Operating margin 22.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 2% fair-value upside, at −72%, CUZ screens richer than that median.
Fair Value models
Bear $7.87Fair Value $7.87Bull $21.50
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Start year 2020 (pandemic). Over 10 years: +10.0% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−30.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.6%
Dividend (yield on the price)4.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−32% vs −15%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 22%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.4%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+34.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +31.6% a year for the price and +0.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Cousins Properties Incorporated with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 68 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−72% · Bottom 25%
Profitability
Return on assets2% · Below median
Net margin (TTM)−1% · Below median
Operating margin (TTM)22% · Below median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)4.5% · Below median
Balance sheet
Debt / equity0.71× · Above median
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/B1.02× · Pricier than median
P/S (TTM)4.78× · Pricier than median
P/FCF35.3× · Priciest 25%
EV/EBITDA12.7× · Cheaper than median
PEG1.31× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)24· sector 0
PAST (return on equity)0· sector 11
HEALTH (low debt)64· sector 66
DIVIDEND (yield)91· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Cousins Properties Incorporated (CUZ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $7.87 versus a price of $28.25, about −72% upside (overvalued).
What is the fair value of CUZ?
Our model-based fair value for Cousins Properties Incorporated is $7.87 (as of Sep 24, 2026), built from audited fundamentals. The current price: $28.25.
What is the quality score of CUZ?
Cousins Properties Incorporated has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cousins Properties Incorporated (CUZ)?
Our model-based price target is the fair value of $7.87 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario $7.87, optimistic scenario $21.50. It is a calculation from audited fundamentals, not an analyst target.
What is the Cousins Properties Incorporated stock forecast for 2026?
Our models put fair value at $7.87, about −72% upside versus a price of $28.25 (overvalued). Cautious scenario $7.87, optimistic scenario $21.50. The calculation is refreshed regularly with new filings.
What is the revenue of Cousins Properties Incorporated (CUZ)?
Cousins Properties Incorporated reported trailing-twelve-month revenue of about $998M (latest available figure, as of Sep 24, 2026).
Does Cousins Properties Incorporated pay a dividend?
Cousins Properties Incorporated currently shows a dividend yield of about 4.53% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Cousins Properties Incorporated (CUZ)?
For today's price to be fair in a discounted-cash-flow model, Cousins Properties Incorporated would have to grow free cash flow by +34.7 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CUZ use?
Our models discount Cousins Properties Incorporated at 10.2 %: a base by market capitalisation (mid), damped by beta 1.20, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cousins Properties Incorporated that is +34.7 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Cousins Properties Incorporated (CUZ) delivered so far?
Over the past 5 years revenue at Cousins Properties Incorporated grew +6.1 % a year. The price currently implies +34.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cousins Properties Incorporated (CUZ) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Cousins Properties Incorporated (+34.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cousins Properties Incorporated (CUZ)?
The free-cash-flow yield on the price is 2.83 %: that much free cash flow Cousins Properties Incorporated produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cousins Properties Incorporated (CUZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cousins Properties Incorporated it is $7.87 per share (as of Sep 24, 2026), against a price of $28.25. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Cousins Properties Incorporated stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CUZ trades above its calculated fair value: price $28.25, fair value $7.87, a gap of about −72% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CUZ?
No. The price is what the market pays today ($28.25); the fair value is what the company's own numbers justify ($7.87). For Cousins Properties Incorporated the two are $20.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cousins Properties Incorporated worth?
The market values Cousins Properties Incorporated at about $4.8B (market capitalisation, as of Sep 24, 2026). Per share that is $28.25; our models calculate a fair value of $7.87 per share.
What do the bullish and bearish scenarios say about CUZ?
Our models span a range for Cousins Properties Incorporated: cautious scenario $7.87, base $7.87, optimistic $21.50 per share (as of Sep 24, 2026, price $28.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of CUZ?
The PEG ratio of Cousins Properties Incorporated is 1.31 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Cousins Properties Incorporated (CUZ)?
Balance-sheet figures for Cousins Properties Incorporated (as of Sep 24, 2026): return on equity −0.1%, debt of 0.71 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is CUZ from its 52-week high?
Cousins Properties Incorporated trades at $28.25, about 13% below its 52-week high of $32.30 and 34% above the low of $21.04 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $7.87 is for.
Which stocks are comparable to Cousins Properties Incorporated?
From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Vornado Realty Trust, Alexandria Real Estate Equities, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cousins Properties Incorporated stock attractive at the current price?
The data as of Sep 24, 2026: price $28.25, calculated fair value $7.87 (−72%), Quality Score 34/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CUZ calculated?
We run Cousins Properties Incorporated through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $7.87, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Cousins Properties Incorporated itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cousins Properties Incorporated (CUZ)?
The closing price on Sep 23, 2026 was $28.25. Our model-based fair value is $7.87, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cousins Properties Incorporated right now?
The price sits above even our optimistic bull case ($21.50). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($7.87 to $21.50). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Cousins Properties Incorporated
How large is the market capitalisation of Cousins Properties Incorporated (CUZ)?
The market capitalisation of Cousins Properties Incorporated is $4.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cousins Properties Incorporated (CUZ)?
The price-to-sales ratio of Cousins Properties Incorporated is 4.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cousins Properties Incorporated (CUZ)?
Earnings per share at Cousins Properties Incorporated are $−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cousins Properties Incorporated (CUZ)?
The dividend yield of Cousins Properties Incorporated is 4.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cousins Properties Incorporated (CUZ)?
The net margin of Cousins Properties Incorporated is 4.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cousins Properties Incorporated (CUZ)?
The return on equity (ROE) of Cousins Properties Incorporated is −0.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cousins Properties Incorporated (CUZ)?
On an EBIT basis the return on assets of Cousins Properties Incorporated is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cousins Properties Incorporated (CUZ)?
The operating margin of Cousins Properties Incorporated is 22.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cousins Properties Incorporated (CUZ)?
Revenue at Cousins Properties Incorporated is growing +4.8% versus a year earlier (3y avg +9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cousins Properties Incorporated (CUZ)?
Earnings per share at Cousins Properties Incorporated are growing −30.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cousins Properties Incorporated (CUZ) carry?
The net debt of Cousins Properties Incorporated is $3.7B (fiscal year 2025, ≈ 27.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 24, 2026