Cousins Properties (CUZ) Q1 FFO & Revenues Beat Estimates

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 ...