Key Details
Price
$31.00Last Dividend
$0.32Annual Revenue
$802.87 MAnnual EPS
$0.55Annual ROE
1.80%Beta
0.79Events Calendar
Next earnings date:
Feb 07, 2025Recent quarterly earnings:
Oct 24, 2024Recent annual earnings:
Feb 07, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Jan 03, 2025Next split:
N/ARecent split:
June 17, 2019Analyst ratings
Recent major analysts updates
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Institutional Ownership
CUZ acquires a trophy lifestyle office property, Sail Tower, to expand its Austin portfolio with quality assets to cater to the growing demand.
ATLANTA , Dec. 17, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has completed its previously announced acquisition of Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin, Texas, for a net purchase price of $521.8 million. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT).
ATLANTA , Dec. 12, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE:CUZ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $400 million aggregate principal amount of 5.375% senior unsecured notes due 2032 at 99.463% of the principal amount. The offering is expected to close on December 17, 2024, subject to the satisfaction of customary closing conditions.
CUZ is set to acquire Sail Tower, a trophy lifestyle office property, and expand its Austin portfolio with quality assets to cater to the growing demand.
ATLANTA , Dec. 10, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE: CUZ) today announced that it has commenced an underwritten public offering of 9,500,000 shares of its common stock. The Company intends to use the net proceeds of the offering to fund a portion of the purchase price of an office property in Downtown Austin.
ATLANTA , Dec. 10, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it is under contract to acquire 601 West 2nd Street, also known as Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin, for a net purchase price of $521.8 million. The transaction is expected to close in December, subject to customary closing conditions.
CUZ completes the $328.5 million acquisition of Vantage South End in Charlotte, NC.
ATLANTA , Dec. 4, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has completed its previously announced acquisition of Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, North Carolina, for $328.5 million. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT).
Cousins Properties focuses on high-quality Class A office properties in the Sun Belt, attracting top-tier tenants and commanding premium rents. The Sun Belt's strong demographics and corporate migration trends support CUZ's growth and leasing momentum. CUZ's low leverage, active development pipeline, and recent capital raise position it well to capitalize on emerging opportunities.
Office REITs, particularly Sunbelt-focused ones like Cousins Properties, have rebounded strongly, outperforming the S&P 500 with a 33.09% YTD return. Cousins Properties boasts a high-quality portfolio in the Sunbelt, with strong occupancy rates, premium rents, and a focus on desirable Lifestyle Office Assets. Despite positive growth metrics and a very stable dividend, CUZ faces huge debt maturities in 2025 and poorly explained joint venture losses.
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