WallStSmart

Cousins Properties Incorporated (CUZ)vsEmpire State Realty OP LP ES (ESBA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Cousins Properties Incorporated generates 32% more annual revenue ($1.03B vs $776.71M). ESBA leads profitability with a 7.8% profit margin vs 0.6%. ESBA trades at a lower P/E of 25.3x. CUZ earns a higher WallStSmart Score of 63/100 (C+).

CUZ

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 4.5Value: 6.0Quality: 3.5
Piotroski: 2/9Altman Z: 0.49

ESBA

Hold

41

out of 100

Grade: D

Growth: 3.3Profit: 5.0Value: 7.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.74
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CUZUndervalued (+56.6%)

Margin of Safety

+56.6%

Fair Value

$53.29

Current Price

$30.91

$22.38 discount

UndervaluedFair: $53.29Overvalued
ESBAUndervalued (+82.7%)

Margin of Safety

+82.7%

Fair Value

$36.80

Current Price

$4.71

$32.09 discount

UndervaluedFair: $36.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CUZ3 strengths · Avg: 9.3/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

EPS GrowthGrowth
84.4%10/10

Earnings expanding 84.4% YoY

Operating MarginProfitability
24.2%8/10

Strong operational efficiency at 24.2%

ESBA1 strengths · Avg: 10.0/10
Price/BookValuation
0.7x10/10

Reasonable price relative to book value

Areas to Watch

CUZ4 concerns · Avg: 2.5/10
Profit MarginProfitability
0.6%3/10

0.6% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
788.8x2/10

Premium valuation, high expectations priced in

Return on EquityProfitability
-0.1%2/10

ROE of -0.1% — below average capital efficiency

ESBA4 concerns · Avg: 3.5/10
P/E RatioValuation
25.3x4/10

Moderate valuation

Revenue GrowthGrowth
4.9%4/10

4.9% revenue growth

Market CapQuality
$1.49B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
3.7%3/10

ROE of 3.7% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : CUZ

The strongest argument for CUZ centers on Price/Book, EPS Growth, Operating Margin. Revenue growth of 11.6% demonstrates continued momentum. PEG of 1.31 suggests the stock is reasonably priced for its growth.

Bull Case : ESBA

The strongest argument for ESBA centers on Price/Book.

Bear Case : CUZ

The primary concerns for CUZ are Profit Margin, Piotroski F-Score, P/E Ratio. A P/E of 788.8x leaves little room for execution misses. Thin 0.6% margins leave little buffer for downturns.

Bear Case : ESBA

The primary concerns for ESBA are P/E Ratio, Revenue Growth, Market Cap. Debt-to-equity of 2.21 is elevated, increasing financial risk.

Key Dynamics to Monitor

ESBA carries more volatility with a beta of 1.40 — expect wider price swings.

CUZ is growing revenue faster at 11.6% — sustainability is the question.

ESBA generates stronger free cash flow (51M), providing more financial flexibility.

Monitor REIT - OFFICE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CUZ scores higher overall (63/100 vs 41/100) and 11.6% revenue growth. ESBA offers better value entry with a 82.7% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Cousins Properties Incorporated

REAL ESTATE · REIT - OFFICE · USA

Cousins Properties is a fully integrated, self-managed and self-managed Real Estate Investment Trust (REIT).

Empire State Realty OP LP ES

REAL ESTATE · REIT - OFFICE · USA

Empire State Realty OP, L.P. is a subsidiary of Empire State Realty Trust, Inc.

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