WallStSmart

Cousins Properties Incorporated (CUZ)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 89% more annual revenue ($1.86B vs $985.66M). VNO leads profitability with a 48.5% profit margin vs 4.1%. CUZ appears more attractively valued with a PEG of 1.31. VNO earns a higher WallStSmart Score of 61/100 (C+).

CUZ

Buy

58

out of 100

Grade: C

Growth: 4.7Profit: 6.5Value: 4.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.68

VNO

Buy

61

out of 100

Grade: C+

Growth: 6.7Profit: 8.0Value: 7.3Quality: 4.8
Piotroski: 4/9Altman Z: 0.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CUZSignificantly Overvalued (-1319.0%)

Margin of Safety

-1319.0%

Fair Value

$1.63

Current Price

$21.85

$20.22 premium

UndervaluedFair: $1.63Overvalued
VNOUndervalued (+84.0%)

Margin of Safety

+84.0%

Fair Value

$188.60

Current Price

$25.41

$163.19 discount

UndervaluedFair: $188.60Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CUZ3 strengths · Avg: 9.3/10
Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Return on EquityProfitability
86.0%10/10

Every $100 of equity generates 86 in profit

Operating MarginProfitability
21.3%8/10

Strong operational efficiency at 21.3%

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
6.3x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
48.5%10/10

Keeps 49 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

CUZ4 concerns · Avg: 2.5/10
Profit MarginProfitability
4.1%3/10

4.1% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
91.0x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-30.5%2/10

Earnings declined 30.5%

VNO4 concerns · Avg: 2.0/10
PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-8.1%2/10

Revenue declined 8.1%

Free Cash FlowQuality
$-563.27M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.452/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : CUZ

The strongest argument for CUZ centers on Price/Book, Return on Equity, Operating Margin. Revenue growth of 13.3% demonstrates continued momentum. PEG of 1.31 suggests the stock is reasonably priced for its growth.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 48.5% and operating margin at 13.6%.

Bear Case : CUZ

The primary concerns for CUZ are Profit Margin, Piotroski F-Score, P/E Ratio. A P/E of 91.0x leaves little room for execution misses. Thin 4.1% margins leave little buffer for downturns.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

CUZ profiles as a value stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.53 — expect wider price swings.

CUZ is growing revenue faster at 13.3% — sustainability is the question.

CUZ generates stronger free cash flow (28M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (61/100 vs 58/100), backed by strong 48.5% margins. Both earn "Buy" and "Buy" 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).

Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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