WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Vornado Realty Trust generates 83% more annual revenue ($1.88B vs $1.03B). VNO leads profitability with a 3.6% profit margin vs 0.6%. CUZ appears more attractively valued with a PEG of 1.31. 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: 4.5
Piotroski: 2/9Altman Z: 0.49

VNO

Hold

43

out of 100

Grade: D

Growth: 4.0Profit: 5.0Value: 5.3Quality: 5.5
Piotroski: 5/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CUZUndervalued (+56.1%)

Margin of Safety

+56.1%

Fair Value

$52.74

Current Price

$28.90

$23.84 discount

UndervaluedFair: $52.74Overvalued
VNOUndervalued (+34.2%)

Margin of Safety

+34.2%

Fair Value

$45.97

Current Price

$35.28

$10.69 discount

UndervaluedFair: $45.97Overvalued

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%

VNO1 strengths · Avg: 10.0/10
Price/BookValuation
1.4x10/10

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
716.5x2/10

Premium valuation, high expectations priced in

Return on EquityProfitability
-0.1%2/10

ROE of -0.1% — below average capital efficiency

VNO4 concerns · Avg: 3.0/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Profit MarginProfitability
3.6%3/10

3.6% margin — thin

Debt/EquityHealth
1.573/10

Elevated debt levels

P/E RatioValuation
1186.0x2/10

Premium valuation, high expectations priced in

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 : VNO

The strongest argument for VNO 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 716.5x leaves little room for execution misses. Thin 0.6% margins leave little buffer for downturns.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Profit Margin, Debt/Equity. A P/E of 1186.0x leaves little room for execution misses. Debt-to-equity of 1.57 is elevated, increasing financial risk.

Key Dynamics to Monitor

VNO carries more volatility with a beta of 1.54 — expect wider price swings.

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

CUZ generates stronger free cash flow (83M), providing more financial flexibility.

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

Bottom Line

CUZ scores higher overall (63/100 vs 43/100) and 11.6% revenue growth. VNO offers better value entry with a 34.2% 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).

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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