Cousins Properties (CUZ)

NYSEReal EstateReit - OfficeSnapshot 2026-10-23

$28.87+0.70%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Cousins Properties’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	265.91M
EPS	—	0.111
Annual ending 2026-12-31
Revenue	—	1.06B
EPS	—	0.218
Annual ending 2027-12-31
Revenue	—	1.09B
EPS	—	0.494

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
EPS recovers to at least $0.10 in FY 2026	A primary condition in Cousins Properties's published investment case. The stated target is >=0.10 USD per share.	Intact	EPS guidance falls below $0.06 for FY 2026	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Increase operating income to at least $180 million per quarter	Operating income rose to $180 million in Q1 2026.	Intact	Operating income falls below $170 million next quarter	Operating income: $182.344M FY2026-Q2; GAAP. Published target: >=180 million USD per quarter. Target period is not explicitly aligned with this observation. Source published Jul 30, 2026182,344,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 566e2049-392a-476b-a32c-591dc4a9ccc3. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 4 quarters. Same property NOI increased 5.9% in 2026-Q2 and FFO grew from $117.5 million in 2025-Q2 to $124.6 million in 2026-Q2. Operating income also increased from $169.2 million in 2025-Q3 to $182.3 million in 2026-Q2. The trajectory is delivering. Delivery assessment Oct 24, 2026
Sustain revenue growth near 5% annually	A primary condition in Cousins Properties's published investment case. The stated target is >=5% YoY.	Intact	YoY revenue growth falls below 3% next year	Revenue growth: 11.83% FY2026-Q2; GAAP. Published target: >=5% YoY. Target period is not explicitly aligned with this observation. Source published Jul 30, 202611.827026 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 566e2049-392a-476b-a32c-591dc4a9ccc3. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Source over $1.4 billion in accretive new investments	The company sourced over $1.4 billion in new investments since 2024.	Intact	New investments fall below $1.2 billion by 2026-Q1	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Management has sourced over $1.4 billion of accretive investments since 2024 and completed strategic property transactions enhancing portfolio quality. The trajectory is delivering with ongoing acquisitions and capital recycling. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue$1.09B

$1.09B → $1.09B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$1,087,565,336	3 / 6
2026-07-25	Unavailable	$1,087,565,336	3 / 6
2026-07-26	Unavailable	$1,087,565,336	3 / 6
2026-07-27	Unavailable	$1,085,522,880	1 / 8
2026-07-28	Unavailable	$1,085,522,880	1 / 8
2026-07-29	Unavailable	$1,087,565,336	3 / 5
2026-07-30	Unavailable	$1,087,565,336	3 / 5
2026-07-31	Unavailable	$1,087,779,336	3 / 5
2026-08-01	Unavailable	$1,087,779,336	3 / 5
2026-08-02	Unavailable	$1,088,291,380	1 / 8
2026-08-03	Unavailable	$1,088,291,380	1 / 8
2026-08-04	Unavailable	$1,085,939,253	3 / 5
2026-08-05	Unavailable	$1,085,939,253	3 / 5
2026-08-06	Unavailable	$1,088,291,380	1 / 8
2026-08-07	Unavailable	$1,085,939,253	3 / 5
2026-08-08	Unavailable	$1,088,291,380	1 / 8
2026-08-09	Unavailable	$1,088,291,380	1 / 8
2026-08-10	Unavailable	$1,088,291,380	1 / 8
2026-08-11	Unavailable	$1,085,939,253	3 / 5
2026-08-12	Unavailable	$1,085,939,253	3 / 5
2026-08-13	Unavailable	$1,088,604,100	1 / 8
2026-08-14	Unavailable	$1,085,939,253	3 / 5
2026-08-15	Unavailable	$1,085,939,253	3 / 5
2026-08-16	Unavailable	$1,085,939,253	3 / 5
2026-08-17	Unavailable	$1,085,939,253	3 / 5
2026-08-18	Unavailable	$1,085,939,253	3 / 5
2026-08-19	Unavailable	$1,085,939,253	3 / 5
2026-08-20	Unavailable	$1,088,768,595	3 / 5
2026-08-21	Unavailable	$1,088,768,595	3 / 5
2026-08-22	Unavailable	$1,088,768,595	3 / 5
2026-08-23	Unavailable	$1,086,594,931	3 / 5
2026-08-24	Unavailable	$1,086,594,931	3 / 5
2026-08-25	Unavailable	$1,086,594,931	3 / 5
2026-08-26	Unavailable	$1,086,594,931	3 / 5
2026-08-27	Unavailable	$1,086,594,931	3 / 5
2026-08-28	Unavailable	$1,086,594,931	3 / 5
2026-08-29	Unavailable	$1,086,594,931	3 / 5
2026-08-30	Unavailable	$1,086,594,931	3 / 5
2026-08-31	Unavailable	$1,086,594,931	3 / 5
2026-09-01	Unavailable	$1,086,594,931	3 / 5
2026-09-02	Unavailable	$1,086,594,931	3 / 5
2026-09-03	Unavailable	$1,085,979,431	3 / 5
2026-09-04	Unavailable	$1,085,979,431	3 / 5
2026-09-05	Unavailable	$1,087,246,056	3 / 5
2026-09-06	Unavailable	$1,087,246,056	3 / 5
2026-09-07	Unavailable	$1,087,246,056	3 / 5
2026-09-08	Unavailable	$1,089,721,206	3 / 5
2026-09-09	Unavailable	$1,089,721,206	3 / 5
2026-09-10	Unavailable	$1,089,721,206	3 / 5
2026-09-11	Unavailable	$1,089,721,206	3 / 5
2026-09-12	Unavailable	$1,089,721,206	3 / 5
2026-09-13	Unavailable	$1,089,721,206	3 / 5
2026-09-14	Unavailable	$1,089,721,206	3 / 5
2026-09-15	Unavailable	$1,089,721,206	3 / 5
2026-09-16	Unavailable	$1,089,721,206	3 / 5
2026-09-17	Unavailable	$1,089,721,206	3 / 5
2026-09-18	Unavailable	$1,089,721,206	3 / 5
2026-09-19	Unavailable	$1,089,721,206	3 / 5
2026-09-20	Unavailable	$1,089,721,206	3 / 5
2026-09-21	Unavailable	$1,089,721,206	3 / 5
2026-09-22	Unavailable	$1,089,721,206	3 / 5
2026-09-23	Unavailable	$1,089,721,206	3 / 5
2026-09-24	Unavailable	$1,089,721,206	3 / 5
2026-09-25	Unavailable	$1,089,721,206	3 / 5
2026-09-26	Unavailable	$1,089,721,206	3 / 5
2026-09-27	Unavailable	$1,089,721,206	3 / 5
2026-09-28	Unavailable	$1,089,721,206	3 / 5
2026-09-29	Unavailable	$1,089,721,206	3 / 5
2026-09-30	Unavailable	$1,089,721,206	3 / 5
2026-10-01	Unavailable	$1,089,721,206	3 / 5
2026-10-02	Unavailable	$1,089,721,206	3 / 5
2026-10-03	Unavailable	$1,089,721,206	3 / 5
2026-10-04	Unavailable	$1,089,721,206	3 / 5
2026-10-05	Unavailable	$1,089,721,206	3 / 5
2026-10-06	Unavailable	$1,089,721,206	3 / 5
2026-10-07	Unavailable	$1,089,721,206	3 / 5
2026-10-08	Unavailable	$1,089,721,206	3 / 5
2026-10-09	Unavailable	$1,089,721,206	3 / 5
2026-10-10	Unavailable	$1,089,739,635	3 / 5
2026-10-11	Unavailable	$1,089,739,635	3 / 5
2026-10-12	Unavailable	$1,089,739,635	3 / 5
2026-10-13	Unavailable	$1,089,739,635	3 / 5
2026-10-14	Unavailable	$1,089,739,635	3 / 5
2026-10-15	Unavailable	$1,089,739,635	2 / 5
2026-10-16	Unavailable	$1,089,739,635	2 / 5
2026-10-17	Unavailable	$1,089,739,635	2 / 5
2026-10-18	Unavailable	$1,085,878,431	2 / 5
2026-10-19	Unavailable	$1,085,878,431	2 / 5
2026-10-20	Unavailable	$1,085,878,431	2 / 5
2026-10-21	Unavailable	$1,085,878,431	2 / 5
2026-10-22	Unavailable	$1,085,878,431	2 / 5
2026-10-23	Unavailable	$1,085,878,431	2 / 5
2026-10-24	Unavailable	$1,085,878,431	2 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	10	2
2026-06-01	10	2
2026-07-01	10	2
2026-08-01	10	2
2026-09-01	10	1
2026-10-01	10	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 10 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

EPS recovers to at least $0.10 in FY 2026Direct metric needs a verified mapping
Increase operating income to at least $180 million per quarterOperating income: $182.344M
Sustain revenue growth near 5% annuallyRevenue growth: 11.83%
Source over $1.4 billion in accretive new investmentsDirect metric needs a verified mapping

Next proof point

Oct 29, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.9%Typical daily move · historical

Downside history

-20.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Cousins Properties outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

CUZ is a property company with a multi-year thesis tied to leasing, occupancy, and careful capital allocation. The thesis is intact, though its signal has shifted from mildly favorable to mixed and confidence has eased to medium.

What's priced into Cousins Properties

The valuation evidence is mixed: CUZ is tagged as justified, while the peer comparison points to an expensive valuation despite a separate signal that it is cheap versus peers. The expectations gap is slightly negative, suggesting expectations may be somewhat ahead of the evidence, but fragility is low.

What the fundamentals likely do

Near term, recent earnings beats, higher occupancy, and increased leasing support operating performance, while the sector backdrop remains a headwind. Management has made progress on investment sourcing and liquidity, but execution across its priorities is rated mixed; the stated miss risk is low, with a history of a deep miss still worth noting.

What Cousins Properties hinges on

The multi-year thesis depends on continued leasing and occupancy progress, disciplined investment, and maintaining guidance after the recent increase. Near-term conditions could improve if interest rates fall or sector peers continue to report strong results; a guidance reversal would weaken confidence in execution.