Core Insights - Cousins Properties reported a revenue of $211.47 million for the quarter ended June 2024, which is a year-over-year increase of 3.7% [4] - The earnings per share (EPS) for the same period was $0.68, significantly higher than $0.15 a year ago, indicating strong growth [4] - The reported revenue exceeded the Zacks Consensus Estimate of $208.45 million by 1.45%, and the EPS surprise was 3.03% over the consensus estimate of $0.66 [1] Revenue Breakdown - Rental property revenues were $211.47 million, surpassing the average estimate of $208.45 million from three analysts, reflecting a year-over-year change of 3.7% [5] - Other revenues amounted to $1.10 million, which is a remarkable increase of 7742.9% year-over-year compared to the $0.33 million average estimate [5] - Fee income reached $0.41 million, slightly above the estimated $0.37 million, representing a 15.3% increase from the previous year [5] Stock Performance - Shares of Cousins Properties have returned +11.2% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

This quarterly report represents an FFO surprise of 3.03%. A quarter ago, it was expected that this real estate company would post FFO of $0.63 per share when it actually produced FFO of $0.65, delivering a surprise of 3.17%. Cousins Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $211.47 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.45%. This compares to year-ago revenues of $203.95 million. The company has topped con ...

Six Months Ended June 30, 2024 2023 $ Change % Change Rental Property Revenues (2) $ 408,356 $ 392,824 $ 15,532 4.0 % Cousins Properties 18 Q2 2024 Supplemental Information PORTFOLIO STATISTICS Portfolio NOI by Market Second Quarter 2024 Charlotte 7.8% Nashville (1) Dallas 2.5% Atlanta 36.0% Tampa 8.9% Houston 4.1% Austin 32.8% Phoenix 7.9% (1) The Company owns 50% of Neuhoff, a mixed-use development in Nashville, through a joint venture. It has commenced initial operations but is not yet stabilized. See pa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11312 COUSINS PROPERTIES INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

ATLANTA, June 27, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it will release its second quarter 2024 earnings after the market closes on Thursday, July 25, 2024. Cousins will hold its second quarter 2024 earnings conference call on Friday, July 26, 2024 at 10:00 a.m. (Eastern Time). The number for this call is (800) 836-8184. The live webcast of this call can be accessed on the Company's website, www.cousins.com, through the "Cousins Properties Second Quarter Conference Call" li ...

ATLANTA, June 18, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2024. The second quarter dividend will be payable on July 15, 2024 to common shareholders of record on July 3, 2024. About Cousins Properties This press release does not constitute an offer of any securities for sale. Certain matters discussed in this press release are forward-looking statements within the meaning o ...

Cousins Properties' (CUZ) portfolio of class A office assets, concentrated in the high-growth markets in the Sun Belt region, positions it well to ride the growth curve amid the improving demand for premium office assets. Its capital-recycling efforts and a healthy balance sheet augur well. Over the past six months, shares of this Atlanta, GA-based office real estate investment trust (REIT) have gained 15.6% compared with the industry's upside of 0.4%. Given the strength in its fundamentals, there seems to ...

EschCollection As many of my followers and readers have probably noticed, I have been actively covering Cousins Properties Incorporated (NYSE:NYSE:CUZ) since mid 2023. While I was bullish on the Stock even earlier than that, my conviction on the thesis really strengthened further once the overall office market started to become increasingly punished by the market due to rising financing costs and structurally weakening demand. As we can see in the chart below, CUZ has clearly underperformed the broader ...

Cousins Properties Incorporated (NYSE:CUZ) Q1 2024 Earnings Call Transcript April 26, 2024 10:00 AM ET Company Participants Pamela Roper - General Counsel Colin Connolly - President and CEO Richard Hickson - EVP of Operations Gregg Adzema - CFO Conference Call Participants Blaine Heck - Wells Fargo John Kim - BMO Capital Markets Anthony Paolone - JP Morgan Camille Bonnel - Bank of America Steve Sakwa - Evercore Nick Thillman - Baird Brendan Lynch - Barclays Dylan Burzinski - Green Street Upal Rana - KeyBanc ...

Cousins Properties’ (CUZ) first-quarter 2024 funds from operations (FFO) per share of 65 cents beat the Zacks Consensus Estimate of 63 cents.Results reflect better-than-anticipated revenues. Although the company witnessed healthy leasing activity, higher interest expenses acted as a dampener. CUZ also revised its 2024 outlook for FFO per share.Quarterly rental property revenues came in at $208.8 million, outpacing the Zacks Consensus Estimate of $201.8 million.On a year-over-year basis, while FFO per share ...