Cousins Properties's Enterprise Value for the quarter that ended in Dec. 2023 was $6,225.4 Mil.
Cousins Properties's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $189.3 Mil. Cousins Properties's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.04%.
The historical rank and industry rank for Cousins Properties's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CUZ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.19 Med: 1.82 Max: 7.05
Current: 3.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cousins Properties was 7.05%. The lowest was -0.19%. And the median was 1.82%.
CUZ's Earnings Yield (Joel Greenblatt) % is ranked better than 54.35% of 896
companies
in the REITs industry
Industry Median: 2.82
vs CUZ: 3.18
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Cousins Properties's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.31%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Cousins Properties Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Cousins Properties's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Office subindustry, Cousins Properties's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cousins Properties Earnings Yield (Joel Greenblatt) % Distribution
For the REITs industry and Real Estate sector, Cousins Properties's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cousins Properties's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Cousins Propertiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Cousins Properties's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $189.3 Mil.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Cousins Properties Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cousins Properties's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cousins Properties (Cousins Properties) Business Description
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's major markets.
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