$Cousins Properties Inc (CUZ.US)$ 🎯 2024.4.12 Current price...

New data: 23Q3 and 23Q4. Revenue continued to increase slightly, operating profit declined slightly in Q4, and net profit continued to shrink sharply due to interest expenses.

In 2023, revenue increased by 5.3%, operating profit increased by 5.1%, and net profit shrank by 50%.

The balance ratio increased from 38.3% to 40.4%, real estate increased to 7.1 billion, accounting for 93.4% of total assets of 7.6 billion yuan, and total liabilities of 3.1 billion yuan, accounting for 43.7% of real estate.

Currently, the price-earnings ratio is 41.1, and the 5-year average net profit of 180 million yuan corresponds to a price-earnings ratio of 19 and a dividend ratio of 5.7%. The return is not very attractive.