ARE vs CUZ vs DEI Stock Comparison

Alexandria Real Estate Equities, Cousins Properties and Douglas Emmett Prices as of Oct 23, 2026 Peers: Industry group
CUZ Cousins Properties Inc
$28.86 +2.1% 1M +8.3% 1Y
Market cap
$4.80B
P/E
747.0x
Revenue (TTM)
$1.03B
Div. yield
0.04%
Office REITs Real Estate
5 wins
DEI Douglas Emmett Inc
$10.16 +2.6% 1M -24.1% 1Y
Market cap
$1.70B
P/E
–
Revenue (TTM)
$1.01B
Div. yield
0.07%
Office REITs Real Estate
1 win

Head to Head

10 decided of 12

Cousins Properties leads on 5 of the 12 questions below (Cousins Properties 5, Alexandria Real Estate Equities 4, Douglas Emmett 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARECUZDEILeader
Larger companyMarket capitalisation $7.39B $4.80B $1.70B ARE
Cheaper on earningsLower P/E, profitable companies only -7.2x 747.0x -74.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.5x 137.4x — ARE
Faster revenue growthRevenue growth, trailing twelve months -8.4% +11.9% +0.8% CUZ
More profitableNet margin, trailing twelve months -36.3% 0.6% -2.3% CUZ
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 34.6x 23.3x DEI
Higher dividend yieldTrailing dividend yield 0.09% 0.04% 0.07% ARE
Better 1-year returnPrice return, last 12 months -44.1% +8.3% -24.1% CUZ
Better 5-year returnAnnualised price return, 5 years -27.1%/yr -6.3%/yr -21.3%/yr CUZ
Less volatileAnnualised volatility, 1 year 49.9% 27.0% 30.9% CUZ
Higher overall scoreMean of the five percentile scores vs peers 45/100 30/100 32/100 ARE

Percentile Scorecard

ARECUZDEI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARECUZDEI
Valuation 75 #37 of 145 30 #102 of 145 65 #51 of 145
Growth 11 #129 of 144 30 #101 of 144 6 #136 of 144
Profitability 19 #114 of 140 32 #95 of 140 21 #111 of 140
Financial Health 79 #31 of 146 39 #89 of 146 16 #123 of 146
Shareholder Returns 41 #78 of 132 19 #107 of 132 50 #66 of 132
Overall 45 30 32
  • ARE ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs
  • DEI ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARECUZDEISPY
1 month -17.1%+2.1%+2.6% -1.0%
3 months -15.7%-10.2%-17.2% +2.9%
6 months -9.3%+15.9%-5.0% +6.4%
Year to date -12.2%+11.9%-7.6% +11.4%
1 year -44.1%+8.3%-24.1% +13.1%
3 years -55.0%+58.1%-11.1% +79.4%
3 years, per year -23.4%+16.5%-3.9% +21.5%
5 years -79.4%-27.8%-69.8% +67.7%
5 years, per year -27.1%-6.3%-21.3% +10.9%
10 years -59.7%-9.0%-72.1% +255.2%
10 years, per year -8.7%-0.9%-12.0% +13.5%

Risk

MeasureARECUZDEISPY
Volatility, 1Y 49.9%27.0%30.9% 12.7%
Downside volatility, 1Y 56.4%28.8%30.6% 12.7%
Beta vs S&P 500, 1Y 0.750.580.62 1.00
Return / volatility, 1Y -0.880.31-0.78 1.03
Max drawdown, 5Y -81.9%-58.2%-75.1% -25.4%
From 52-week high -44.8%-10.7%-24.1% -2.5%
52-week high $77.87$32.30$13.38 $779.14
52-week low $40.41$21.34$9.18 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARECUZDEI
P/E now vs peer median -7.1xmedian 27.0x 739.2xmedian 27.0x -74.4xmedian 27.0x
P/S now vs peer median 2.6xmedian 4.1x 4.6xmedian 4.1x 1.7xmedian 4.1x
EV/EBITDA now vs peer median —median 14.5x 78.6xmedian 14.5x 30.6xmedian 14.5x
P/FCF now vs peer median -16.3xmedian 23.7x -12.8xmedian 23.7x -22.6xmedian 23.7x
P/B now vs peer median 0.4xmedian 1.3x 1.1xmedian 1.3x 0.5xmedian 1.3x
PEG now vs peer median 0.13median 2.07 -11.21median 2.07 2.20median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARECUZDEI
Revenue $2.84B $1.03B $1.01B
Gross profit – $704.58M $636.52M
Operating income – -$322.93M -$179.54M
Net income -$988.04M $6.88M -$55.59M
Free cash flow -$460.59M -$369.91M -$75.33M
EPS (diluted) $-6.04 $0.04 $-0.14
Cash & equivalents $470.45M $6.70M $354.96M
Total debt $51.33B $3.73B $5.72B
Shares (diluted) 170.72M 165.29M 167.49M
Enterprise value $39.03M $4.78B $241.00M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARECUZDEI
P/E -7.1x 739.2x -74.4x
P/FCF -16.3x -12.8x -22.6x
P/Operating cash flow 5.9x 11.0x 4.4x
P/S 2.6x 4.6x 1.7x
P/B 0.4x 1.1x 0.5x
P/Tangible book 0.4x 1.1x 0.5x
EV/EBITDA – 78.6x 30.6x
EV/EBIT – -26.2x -39.4x
EV/Revenue 6.4x 8.2x 7.0x
EV/FCF -39.8x -22.9x -93.8x
EV/Operating cash flow 14.3x 19.6x 18.3x
PEG (3Y EPS CAGR) 0.13 -11.21 2.20

Growth

14 metrics
MetricARECUZDEI
Revenue growth (1Y) -8.4% 11.9% 0.8%
Revenue CAGR (3Y) 1.1% 9.1% -0.2%
Gross profit growth (1Y) – 11.0% 0.5%
Gross profit CAGR (3Y) – 10.2% -1.2%
Operating income growth (1Y) – -45.3% -4.6%
Operating income CAGR (3Y) – -21.9% -8.3%
Net income growth (1Y) -864.9% -88.7% -267.2%
Net income CAGR (3Y) -49.6% -64.2% -45.8%
EPS growth (1Y) -4,691% -89.1% -160.7%
EPS CAGR (3Y) -56.8% -65.9% -33.8%
Operating cash flow growth (1Y) -9.9% 4.4% -1.5%
Operating cash flow CAGR (3Y) -6.2% 5.4% -7.2%
Free cash flow growth (1Y) 48.9% 47.5% -134.4%
Free cash flow CAGR (3Y) 47.2% -98.0% -31.1%

Profitability

14 metrics
MetricARECUZDEI
Gross margin – 68.1% 63.2%
EBITDA margin – 10.4% 22.9%
Operating margin – -31.2% -17.8%
Pretax margin – -48.2% -45.0%
Net margin -36.3% 0.6% -2.3%
FCF margin -16.2% -35.7% -7.5%
Operating cash flow margin 45.0% 41.7% 38.3%
Return on equity -4.3% 0.2% -2.0%
Return on assets -2.4% 0.1% -0.7%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -1.3x 62.8x -6.9x
Stock comp / revenue 1.4% 1.6% 2.1%

Financial Health

11 metrics
MetricARECUZDEI
Debt / assets 37.0% 41.3% 59.9%
Debt / equity 0.7x 0.8x 1.6x
Net debt / EBITDA – 34.6x 23.3x
Debt / FCF -27.8x -10.1x -76.0x
Liabilities / assets 44.7% 50.3% 63.2%
Equity / assets 55.3% 49.7% 36.8%
Interest coverage – -1.8x -0.7x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricARECUZDEI
Dividend yield 6.7% 4.4% 7.5%
Net buyback yield – – –
Shareholder yield 6.7% 4.4% 7.5%
Payout ratio (earnings) -71.0% 3,132% -228.9%
Payout ratio (FCF) -152.4% -58.2% -169.0%
Dividend growth (1Y) -23.0% 4.8% 0.0%
Dividend CAGR (3Y) -4.5% 3.2% -8.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARECUZDEI
Forward P/E 27.5xFY2026 137.4xFY2026 –
EPS, next fiscal year $1.56FY2026 $0.21FY2026 $-0.12FY2026
EPS growth, next FY – -12.5%FY2026 -233.3%FY2026
EPS growth, the year after -152.6% +128.6% –
Revenue, next fiscal year $2.71BFY2026 $1.04BFY2026 $1.09BFY2026
Revenue growth, next FY -8.2%FY2026 +5.6%FY2026 +9.1%FY2026
Revenue growth, the year after -15.0% +10.4% -6.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARECUZDEI
Held by institutions 97.2% 100.0% 100.0%
Institutions holding 595 393 283
Change in shares held, QoQ +14.1% +0.6% +5.5%
Institutions buying 336 200 171
Institutions selling 191 139 77
Buyers to sellers 1.76 1.44 2.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARECUZDEI
ARE 1.00 0.52 0.39
CUZ 0.52 1.00 0.71
DEI 0.39 0.71 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARE, CUZ and DEI?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Alexandria Real Estate Equities (ARE) $7.39B, Cousins Properties (CUZ) $4.80B, Douglas Emmett (DEI) $1.70B.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: Alexandria Real Estate Equities (ARE) -8.4%, Cousins Properties (CUZ) +11.9%, Douglas Emmett (DEI) +0.8%.

Which company is more profitable?

Cousins Properties (CUZ) has the highest net margin (Alexandria Real Estate Equities (ARE) -36.3%, Cousins Properties (CUZ) 0.6%, Douglas Emmett (DEI) -2.3%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Alexandria Real Estate Equities (ARE) -44.1%, Cousins Properties (CUZ) +8.3%, Douglas Emmett (DEI) -24.1%. Over five years, Cousins Properties (CUZ) compounded fastest (Alexandria Real Estate Equities (ARE) -27.1%/yr, Cousins Properties (CUZ) -6.3%/yr, Douglas Emmett (DEI) -21.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexandria Real Estate Equities (ARE) has the highest dividend yield: Alexandria Real Estate Equities (ARE) 0.09%, Cousins Properties (CUZ) 0.04%, Douglas Emmett (DEI) 0.07%.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Alexandria Real Estate Equities (ARE) 49.9%, Cousins Properties (CUZ) 27.0%, Douglas Emmett (DEI) 30.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARE, CUZ and DEI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cousins Properties (CUZ) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.