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HIW vs CUZ
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
HIW vs CUZ — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $2.85B | $4.41B |
| Revenue (TTM) | $820M | $1.01B |
| Net Income (TTM) | $93M | $-5M |
| Gross Margin | 67.4% | 57.6% |
| Operating Margin | 25.6% | 22.3% |
| Forward P/E | 40.0x | 97.7x |
| Total Debt | $3.64B | $3.68B |
| Cash & Equiv. | $27M | $6M |
HIW vs CUZ — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Highwoods Propertie… (HIW) | 100 | 67.5 | -32.5% |
| Cousins Properties … (CUZ) | 100 | 86.1 | -13.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HIW vs CUZ
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HIW carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.76, yield 7.6%
- Lower volatility, beta 0.76, current ratio 42.45x
- Beta 0.76, yield 7.6%, current ratio 42.45x
CUZ is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 16.0%, EPS growth -20.0%, 3Y rev CAGR 9.2%
- 27.2% 10Y total return vs HIW's -5.8%
- 16.0% FFO/revenue growth vs HIW's -2.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.0% FFO/revenue growth vs HIW's -2.4% | |
| Value | Lower P/E (40.0x vs 97.7x) | |
| Quality / Margins | 11.4% margin vs CUZ's -0.5% | |
| Stability / Safety | Beta 0.76 vs CUZ's 0.80 | |
| Dividends | 7.6% yield, vs CUZ's 4.8% | |
| Momentum (1Y) | +1.5% vs HIW's -4.7% | |
| Efficiency (ROA) | 1.5% ROA vs CUZ's -0.1%, ROIC 2.7% vs 2.0% |
HIW vs CUZ — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HIW vs CUZ — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HIW leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CUZ and HIW operate at a comparable scale, with $1.0B and $820M in trailing revenue. HIW is the more profitable business, keeping 11.4% of every revenue dollar as net income compared to CUZ's -0.5%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $820M | $1.0B |
| EBITDAEarnings before interest/tax | $511M | $646M |
| Net IncomeAfter-tax profit | $93M | -$5M |
| Free Cash FlowCash after capex | $318M | -$122M |
| Gross MarginGross profit ÷ Revenue | +67.4% | +57.6% |
| Operating MarginEBIT ÷ Revenue | +25.6% | +22.3% |
| Net MarginNet income ÷ Revenue | +11.4% | -0.5% |
| FCF MarginFCF ÷ Revenue | +38.7% | -12.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | +5.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -67.8% | -2.3% |
Valuation Metrics
HIW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 17.8x trailing earnings, HIW trades at a 84% valuation discount to CUZ's 111.6x P/E. On an enterprise value basis, CUZ's 12.7x EV/EBITDA is more attractive than HIW's 12.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.8B | $4.4B |
| Enterprise ValueMkt cap + debt − cash | $6.5B | $8.1B |
| Trailing P/EPrice ÷ TTM EPS | 17.81x | 111.63x |
| Forward P/EPrice ÷ next-FY EPS est. | 39.98x | 97.74x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.80x | 12.66x |
| Price / SalesMarket cap ÷ Revenue | 3.53x | 4.44x |
| Price / BookPrice ÷ Book value/share | 1.17x | 0.96x |
| Price / FCFMarket cap ÷ FCF | 17.09x | 32.65x |
Profitability & Efficiency
HIW leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
HIW delivers a 3.8% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-0 for CUZ. CUZ carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to HIW's 1.49x. On the Piotroski fundamental quality scale (0–9), HIW scores 6/9 vs CUZ's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.8% | -0.1% |
| ROA (TTM)Return on assets | +1.5% | -0.1% |
| ROICReturn on invested capital | +2.7% | +2.0% |
| ROCEReturn on capital employed | +3.5% | +2.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 1.49x | 0.78x |
| Net DebtTotal debt minus cash | $3.6B | $3.7B |
| Cash & Equiv.Liquid assets | $27M | $6M |
| Total DebtShort + long-term debt | $3.6B | $3.7B |
| Interest CoverageEBIT ÷ Interest expense | 2.07x | — |
Total Returns (Dividends Reinvested)
CUZ leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CUZ five years ago would be worth $9,145 today (with dividends reinvested), compared to $8,050 for HIW. Over the past 12 months, CUZ leads with a +1.5% total return vs HIW's -4.7%. The 3-year compound annual growth rate (CAGR) favors CUZ at 13.7% vs HIW's 13.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +1.7% | +5.8% |
| 1-Year ReturnPast 12 months | -4.7% | +1.5% |
| 3-Year ReturnCumulative with dividends | +45.5% | +47.0% |
| 5-Year ReturnCumulative with dividends | -19.5% | -8.5% |
| 10-Year ReturnCumulative with dividends | -5.8% | +27.2% |
| CAGR (3Y)Annualised 3-year return | +13.3% | +13.7% |
Risk & Volatility
Evenly matched — HIW and CUZ each lead in 1 of 2 comparable metrics.
Risk & Volatility
HIW is the less volatile stock with a 0.76 beta — it tends to amplify market swings less than CUZ's 0.80 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CUZ currently trades 87.0% from its 52-week high vs HIW's 78.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.76x | 0.80x |
| 52-Week HighHighest price in past year | $32.76 | $30.81 |
| 52-Week LowLowest price in past year | $20.45 | $21.03 |
| % of 52W HighCurrent price vs 52-week peak | +78.8% | +87.0% |
| RSI (14)Momentum oscillator 0–100 | 65.5 | 69.0 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 1.9M |
Analyst Outlook
Evenly matched — HIW and CUZ each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HIW as "Hold" and CUZ as "Buy". Consensus price targets imply 10.1% upside for CUZ (target: $30) vs 4.6% for HIW (target: $27). For income investors, HIW offers the higher dividend yield at 7.59% vs CUZ's 4.77%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $27.00 | $29.50 |
| # AnalystsCovering analysts | 22 | 16 |
| Dividend YieldAnnual dividend ÷ price | +7.6% | +4.8% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $1.96 | $1.28 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
HIW leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). CUZ leads in 1 (Total Returns). 2 tied.
HIW vs CUZ: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HIW or CUZ a better buy right now?
For growth investors, Cousins Properties Incorporated (CUZ) is the stronger pick with 16.
0% revenue growth year-over-year, versus -2. 4% for Highwoods Properties, Inc. (HIW). Highwoods Properties, Inc. (HIW) offers the better valuation at 17. 8x trailing P/E (40. 0x forward), making it the more compelling value choice. Analysts rate Cousins Properties Incorporated (CUZ) a "Buy" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HIW or CUZ?
On trailing P/E, Highwoods Properties, Inc.
(HIW) is the cheapest at 17. 8x versus Cousins Properties Incorporated at 111. 6x. On forward P/E, Highwoods Properties, Inc. is actually cheaper at 40. 0x.
03Which is the better long-term investment — HIW or CUZ?
Over the past 5 years, Cousins Properties Incorporated (CUZ) delivered a total return of -8.
5%, compared to -19. 5% for Highwoods Properties, Inc. (HIW). Over 10 years, the gap is even starker: CUZ returned +27. 2% versus HIW's -5. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HIW or CUZ?
By beta (market sensitivity over 5 years), Highwoods Properties, Inc.
(HIW) is the lower-risk stock at 0. 76β versus Cousins Properties Incorporated's 0. 80β — meaning CUZ is approximately 6% more volatile than HIW relative to the S&P 500. On balance sheet safety, Cousins Properties Incorporated (CUZ) carries a lower debt/equity ratio of 78% versus 149% for Highwoods Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HIW or CUZ?
By revenue growth (latest reported year), Cousins Properties Incorporated (CUZ) is pulling ahead at 16.
0% versus -2. 4% for Highwoods Properties, Inc. (HIW). On earnings-per-share growth, the picture is similar: Highwoods Properties, Inc. grew EPS 54. 3% year-over-year, compared to -20. 0% for Cousins Properties Incorporated. Over a 3-year CAGR, CUZ leads at 9. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HIW or CUZ?
Highwoods Properties, Inc.
(HIW) is the more profitable company, earning 19. 8% net margin versus 4. 1% for Cousins Properties Incorporated — meaning it keeps 19. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HIW leads at 26. 0% versus 22. 4% for CUZ. At the gross margin level — before operating expenses — HIW leads at 67. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HIW or CUZ more undervalued right now?
On forward earnings alone, Highwoods Properties, Inc.
(HIW) trades at 40. 0x forward P/E versus 97. 7x for Cousins Properties Incorporated — 57. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CUZ: 10. 1% to $29. 50.
08Which pays a better dividend — HIW or CUZ?
All stocks in this comparison pay dividends.
Highwoods Properties, Inc. (HIW) offers the highest yield at 7. 6%, versus 4. 8% for Cousins Properties Incorporated (CUZ).
09Is HIW or CUZ better for a retirement portfolio?
For long-horizon retirement investors, Highwoods Properties, Inc.
(HIW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76), 7. 6% yield). Both have compounded well over 10 years (HIW: -5. 8%, CUZ: +27. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HIW and CUZ?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HIW is a small-cap deep-value stock; CUZ is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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