Cousins Properties (CUZ)

Company Profile

Cousins Properties 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 in place based on a simple platform, trophy assets, and opportunistic investments.

Company profile

Ticker

CUZ

Exchange

NYSE

Website

www.cousins.com

CEO

Michael Connolly

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • VEREIT • ARMOUR Residential REIT • Vornado Realty Trust • Welltower • Healthpeak Properties • Ventas ...

SEC CIK

0000025232

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

101 South Tryon GP, LLC • 1230 Peachtree Associates LLC • 5950 Sherry Property, LLC • Austin 300 Colorado Investor, LLC • Austin 300 Colorado Project GP, LLC • Austin 300 Colorado Project, LP • Cousins 100 Mill Investor LLC • Cousins 1200 Peachtree LLC • Cousins 27 8th Street LLC • Cousins 200 East Bland LP ...

IRS number

580869052

CUZ stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$26.75

Low target

$22.00

High target

$32.00

Latest filings (excl ownership)

View all

Additional proxy soliciting materials

15 Mar 23

Regulation FD Disclosure

21 Feb 23

S-8

Registration of securities for employees

Prospectus supplement for primary offering

17 Feb 23

S-3ASR

Automatic shelf registration

17 Feb 23

8-K

Results of Operations and Financial Condition

9 Feb 23

Transcripts

View all

CUZ

Earnings call transcript

2022 Q4

10 Feb 23

CUZ

Earnings call transcript

2022 Q3

28 Oct 22

CUZ

Earnings call transcript

2022 Q2

29 Jul 22

CUZ

Earnings call transcript

2022 Q1

30 Apr 22

CUZ

Earnings call transcript

2021 Q4

4 Feb 22

CUZ

Earnings call transcript

2021 Q3

29 Oct 21

CUZ

Earnings call transcript

2021 Q2

1 Aug 21

CUZ

Earnings call transcript

2021 Q1

30 Apr 21

CUZ

Earnings call transcript

2020 Q4

12 Feb 21

CUZ

Earnings call transcript

2020 Q3

31 Oct 20

Latest ownership filings

View all

Michael Colin Connolly

PRINCIPAL REAL ESTATE INVESTORS LLC

Financial summary

Financial statements Chart CUZ financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	5.15 mm	5.15 mm	5.15 mm	5.15 mm	5.15 mm	5.15 mm
Cash burn (monthly)	531.00 k	418.58 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	1.51 mm	1.19 mm	n/a	n/a	n/a	n/a
Cash remaining	3.64 mm	3.95 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	6.8	9.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

CUZ institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	290	280	+3.6%
Opened positions	57	36	+58.3%
Closed positions	47	47	–
Increased positions	105	114	-7.9%
Reduced positions	90	93	-3.2%

13F shares	Current	Prev Q	Change
Total value	3.88 tn	3.24 bn	+119569.4%
Total shares	156.14 mm	138.97 mm	+12.4%
Total puts	3.20 k	0.00	NEW
Total calls	2.20 k	0.00	NEW
Total put/call ratio	1.5	–	–

Largest owners	Shares	Value	Change
Vanguard	22.38 mm	$566.09 bn	+2.0%
BLK Blackrock	19.49 mm	$493.00 bn	+5.1%
CNS Cohen & Steers	13.90 mm	$351.66 bn	+49.5%
PFG Principal Financial Group Inc - Registered Shares	10.43 mm	$263.65 bn	-5.9%
APG Asset Management US	8.54 mm	$216.06 bn	-1.7%
STT State Street	8.39 mm	$212.24 bn	NEW
DSECF Daiwa Securities	4.74 mm	$119.84 bn	+2.6%
Boston Partners	4.34 mm	$109.95 bn	-14.9%
Alliancebernstein	3.35 mm	$84.71 bn	-24.3%
PGGM Investments	2.79 mm	$70.56 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
STT State Street	8.39 mm	+8.39 mm	NEW
CNS Cohen & Steers	13.90 mm	+4.60 mm	+49.5%
Norges Bank	1.53 mm	+1.53 mm	NEW
Aew Capital Management L P	1.10 mm	+1.10 mm	NEW
Alliancebernstein	3.35 mm	-1.07 mm	-24.3%
Nuance Investments	0.00	-1.04 mm	EXIT
Weiss Multi-Strategy Advisers	1.45 mm	+1.02 mm	+239.6%
Schroder Investment Management	2.11 mm	+977.96 k	+86.7%
BLK Blackrock	19.49 mm	+953.25 k	+5.1%
Russell Investments	1.18 mm	+871.85 k	+283.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CUZ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Feb 23	John S Mccoll	Common Stock	Sell	Dispose S	No	No	24.925	36,975	921.60 k	30,814
16 Feb 23	Michael Colin Connolly	Common Stock	Grant	Acquire A	No	No	26.16	62,691	1.64 mm	203,282
16 Feb 23	Gregg D Adzema	Common Stock	Grant	Acquire A	No	No	26.16	19,878	520.01 k	117,107
16 Feb 23	Jeffrey D Symes	Common Stock	Grant	Acquire A	No	No	26.16	4,205	110.00 k	12,476
16 Feb 23	Jane Kennedy Hicks	Common Stock	Grant	Acquire A	No	No	26.16	12,232	319.99 k	32,707