DEI vs ARE vs CUZ Stock Comparison

Douglas Emmett, Alexandria Real Estate Equities and Cousins Properties Prices as of Oct 29, 2026 Peers: Industry group
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DEI Douglas Emmett Inc
$10.21 +6.1% 1M -19.5% 1Y
Market cap
$1.71B
P/E
–
Revenue (TTM)
$1.01B
Div. yield
7.44%
Office REITs Real Estate
2 wins
CUZ Cousins Properties Inc
$29.09 +5.4% 1M +14.6% 1Y
Market cap
$4.79B
P/E
322.8x
Revenue (TTM)
$1.05B
Div. yield
4.40%
Office REITs Real Estate
5 wins

Head to Head

10 decided of 12

Cousins Properties leads on 5 of the 12 questions below (Cousins Properties 5, Alexandria Real Estate Equities 3, Douglas Emmett 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDEIARECUZLeader
Larger companyMarket capitalisation $1.71B $7.07B $4.79B ARE
Cheaper on earningsLower P/E, profitable companies only -74.7x -4.8x 322.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 26.0x 138.5x ARE
Faster revenue growthRevenue growth, trailing twelve months +0.8% -9.9% +8.5% CUZ
More profitableNet margin, trailing twelve months -2.3% -52.0% 1.4% CUZ
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 23.3x — 31.3x DEI
Higher dividend yieldTrailing dividend yield 7.44% 7.09% 4.40% DEI
Better 1-year returnPrice return, last 12 months -19.5% -30.9% +14.6% CUZ
Better 5-year returnAnnualised price return, 5 years -20.8%/yr -27.6%/yr -6.0%/yr CUZ
Less volatileAnnualised volatility, 1 year 30.7% 45.1% 26.9% CUZ
Higher overall scoreMean of the five percentile scores vs peers 31/100 40/100 30/100 ARE

Percentile Scorecard

DEIARECUZ

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

AxisDEIARECUZ
Valuation 63 #54 of 145 74 #38 of 145 35 #95 of 145
Growth 6 #134 of 143 7 #133 of 143 30 #101 of 143
Profitability 20 #109 of 136 14 #117 of 136 31 #94 of 136
Financial Health 16 #116 of 138 74 #37 of 138 39 #85 of 138
Shareholder Returns 50 #66 of 131 30 #92 of 131 15 #112 of 131
Overall 31 40 30
  • DEI ranked among 149 companies in Property REITs
  • ARE ranked among 149 companies in Property REITs
  • CUZ ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodDEIARECUZSPY
1 month +6.1%-16.2%+5.4% +0.7%
3 months -15.3%-22.7%-8.9% +3.7%
6 months -5.6%+0.2%+13.6% +7.1%
Year to date -7.1%-17.0%+12.8% +12.8%
1 year -19.5%-30.9%+14.6% +11.9%
3 years -9.3%-56.4%+62.3% +85.2%
3 years, per year -3.2%-24.2%+17.5% +22.8%
5 years -68.8%-80.1%-26.6% +67.6%
5 years, per year -20.8%-27.6%-6.0% +10.9%
10 years -71.7%-61.3%-5.9% +262.0%
10 years, per year -11.9%-9.1%-0.6% +13.7%

Risk

MeasureDEIARECUZSPY
Volatility, 1Y 30.7%45.1%26.9% 12.7%
Downside volatility, 1Y 30.4%47.7%28.4% 12.6%
Beta vs S&P 500, 1Y 0.620.750.58 1.00
Return / volatility, 1Y -0.64-0.680.54 0.94
Max drawdown, 5Y -75.1%-82.1%-58.2% -25.4%
From 52-week high -21.2%-32.0%-9.9% -1.2%
52-week high $12.96$59.69$32.30 $779.14
52-week low $9.18$39.91$21.34 $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.

MultipleDEIARECUZ
P/E now vs peer median -74.7xmedian 25.7x -4.8xmedian 25.7x 322.8xmedian 25.7x
P/S now vs peer median 1.7xmedian 4.1x 2.6xmedian 4.1x 4.6xmedian 4.1x
EV/EBITDA now vs peer median 30.7xmedian 14.3x —median 14.3x 73.3xmedian 14.3x
P/FCF now vs peer median -22.7xmedian 23.5x -14.9xmedian 23.5x -20.8xmedian 23.5x
P/B now vs peer median 0.5xmedian 1.3x 0.4xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 2.21median 1.86 0.05median 1.86 -6.96median 1.86

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 monthsDEIARECUZ
Revenue $1.01B $2.76B $1.05B
Gross profit $636.52M – $715.60M
Operating income -$179.54M – -$314.84M
Net income -$55.59M -$1.39B $15.11M
Free cash flow -$75.33M -$473.23M -$229.86M
EPS (diluted) $-0.14 $-8.40 $0.09
Cash & equivalents $354.96M $508.86M $5.21M
Total debt $5.72B $12.90B $3.58B
Shares (diluted) 167.49M 170.75M 165.79M
Enterprise value $1.93B $3.08B $4.77B

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
MetricDEIARECUZ
P/E -74.7x -4.8x 322.8x
P/FCF -22.7x -14.9x -20.8x
P/Operating cash flow 4.4x 6.0x 11.3x
P/S 1.7x 2.6x 4.6x
P/B 0.5x 0.4x 1.1x
P/Tangible book 0.5x 0.4x 1.1x
EV/EBITDA 30.7x – 73.3x
EV/EBIT -39.4x – -26.6x
EV/Revenue 7.0x 6.5x 8.0x
EV/FCF -94.0x -37.7x -36.4x
EV/Operating cash flow 18.3x 15.0x 19.8x
PEG (3Y EPS CAGR) 2.21 0.05 -6.96

Growth

14 metrics
MetricDEIARECUZ
Revenue growth (1Y) 0.8% -9.9% 8.5%
Revenue CAGR (3Y) -0.2% -0.5% 9.3%
Gross profit growth (1Y) 0.5% – 8.5%
Gross profit CAGR (3Y) -1.2% – 10.3%
Operating income growth (1Y) -4.6% – -32.4%
Operating income CAGR (3Y) -8.3% – -20.0%
Net income growth (1Y) -267.2% -339.2% -74.1%
Net income CAGR (3Y) -45.8% -74.6% -44.7%
EPS growth (1Y) -160.7% -239.7% -73.8%
EPS CAGR (3Y) -33.8% -100.7% -46.4%
Operating cash flow growth (1Y) -1.5% -13.7% 1.4%
Operating cash flow CAGR (3Y) -7.2% -9.5% 4.5%
Free cash flow growth (1Y) -134.4% 33.5% 75.0%
Free cash flow CAGR (3Y) -31.1% 43.5% -64.9%

Profitability

14 metrics
MetricDEIARECUZ
Gross margin 63.2% – 68.4%
EBITDA margin 22.9% – 10.9%
Operating margin -17.8% – -30.1%
Pretax margin -45.0% – -47.3%
Net margin -2.3% -52.0% 1.4%
FCF margin -7.5% -17.1% -22.0%
Operating cash flow margin 38.3% 43.0% 40.4%
Return on equity -2.0% -6.6% 0.3%
Return on assets -0.7% -3.6% 0.2%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) -6.9x -0.9x 28.0x
Stock comp / revenue 2.1% 1.5% 1.6%

Financial Health

11 metrics
MetricDEIARECUZ
Debt / assets 59.9% 37.9% 40.3%
Debt / equity 1.6x 0.7x 0.8x
Net debt / EBITDA 23.3x – 31.3x
Debt / FCF -76.0x -27.3x -15.6x
Liabilities / assets 63.2% 45.9% 49.8%
Equity / assets 36.8% 54.1% 50.2%
Interest coverage -0.7x – -1.7x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricDEIARECUZ
Dividend yield 7.4% 7.1% 4.4%
Net buyback yield – – -1.8%
Shareholder yield 7.4% 7.1% 2.6%
Payout ratio (earnings) -228.9% -43.0% 1,419%
Payout ratio (FCF) -169.0% -126.5% -93.3%
Dividend growth (1Y) 0.0% -34.4% 1.7%
Dividend CAGR (3Y) -8.3% -10.2% 3.3%

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.

ConsensusDEIARECUZ
Forward P/E – 26.0xFY2026 138.5xFY2026
EPS, next fiscal year $-0.12FY2026 $1.56FY2026 $0.21FY2026
EPS growth, next FY -233.3%FY2026 – -12.5%FY2026
EPS growth, the year after – -150.6% +128.6%
Revenue, next fiscal year $1.09BFY2026 $2.71BFY2026 $1.04BFY2026
Revenue growth, next FY +9.1%FY2026 -8.2%FY2026 +5.6%FY2026
Revenue growth, the year after -6.2% -13.7% +10.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDEIARECUZ
Held by institutions 100.0% 97.2% 100.0%
Institutions holding 284 596 394
Change in shares held, QoQ +5.5% +14.1% +0.6%
Institutions buying 172 336 201
Institutions selling 77 192 139
Buyers to sellers 2.23 1.75 1.45

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.

DEIARECUZ
DEI 1.00 0.42 0.70
ARE 0.42 1.00 0.55
CUZ 0.70 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DEI, ARE and CUZ?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Douglas Emmett (DEI) $1.71B, Alexandria Real Estate Equities (ARE) $7.07B, Cousins Properties (CUZ) $4.79B.

Which company is growing faster?

Cousins Properties (CUZ) grew revenue fastest over the trailing twelve months: Douglas Emmett (DEI) +0.8%, Alexandria Real Estate Equities (ARE) -9.9%, Cousins Properties (CUZ) +8.5%.

Which company is more profitable?

Cousins Properties (CUZ) has the highest net margin (Douglas Emmett (DEI) -2.3%, Alexandria Real Estate Equities (ARE) -52.0%, Cousins Properties (CUZ) 1.4%).

Which stock has performed better?

Over the past year Cousins Properties (CUZ) returned the most: Douglas Emmett (DEI) -19.5%, Alexandria Real Estate Equities (ARE) -30.9%, Cousins Properties (CUZ) +14.6%. Over five years, Cousins Properties (CUZ) compounded fastest (Douglas Emmett (DEI) -20.8%/yr, Alexandria Real Estate Equities (ARE) -27.6%/yr, Cousins Properties (CUZ) -6.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Douglas Emmett (DEI) has the highest dividend yield: Douglas Emmett (DEI) 7.44%, Alexandria Real Estate Equities (ARE) 7.09%, Cousins Properties (CUZ) 4.40%.

Which stock is riskier?

By one-year price volatility, Cousins Properties (CUZ) has been the steadiest (Douglas Emmett (DEI) 30.7%, Alexandria Real Estate Equities (ARE) 45.1%, Cousins Properties (CUZ) 26.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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.