CUZ
Cousins Properties Incorporated25.16
-0.14-0.55%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.23BP/E (TTM)
71.89Basic EPS (TTM)
0.35Dividend Yield
0.05%Recent Filings
8-K
8-K
Strong Q3 FFO, Dallas acquisition
Cousins Properties reported Q3 2025 net income of $8.6 million ($0.05 per share), down from $11.2 million last year, yet FFO climbed to $116.5 million ($0.69 per share) from $102.3 million, fueled by robust leasing of 551,000 square feet at 4.2% higher cash rents. The company acquired The Link, a 292,000-square-foot Dallas office for $218 million, expanding in a high-growth market amid re-accelerating corporate migrations. Raised full-year FFO guidance to $2.82-$2.86 per share, driven by parking income and lower SOFR. Leasing velocity remains strong, but rising expenses pressure margins.
10-Q
Q3 FY2025 results
Cousins Properties posted solid Q3 results, with rental revenues climbing 19.2% year-over-year to $246.5M, fueled by the July acquisition of The Link in Dallas for $218M cash, recognizing $19.3M in in-place leases amortized over 9.3 years. Net operating income rose 18.2% to $165.9M, while net income dipped to $8.6M from $11.2M last year, pressured by higher interest expense up 34.8% to $41.5M from recent debt issuances. Operating cash flow strengthened 6.1% to $287.8M year-to-date, supporting $180.5M in capex; free cash flow stood at $107.3M (derived). Debt totals $3.3B with $916.3M revolver availability and $4.7M cash on hand. Leasing momentum persists, with 551,000 square feet inked at 23.8% higher straight-line rents. Yet competition from other developers in Sun Belt markets could test occupancy gains.
8-K
Cousins unveils strong Sun Belt positioning
Cousins Properties released its September 2025 investor presentation on September 8, highlighting its premier Sun Belt lifestyle office portfolio amid flight-to-quality trends and shrinking supply. With 92.1% leased occupancy, 70% of assets developed or redeveloped since 2010, and leverage at a sector-low 5.1x net debt/EBITDA, the REIT boasts $949 million liquidity for recycling older properties into $1 billion-plus opportunities. Earnings grew 7.6% over two years. Risks include economic volatility and leasing challenges.
8-K
Strong Q2 results, Dallas acquisition
Cousins Properties posted Q2 net income of $14.5 million ($0.09/share) and FFO of $117.5 million ($0.70/share), up from last year, fueled by 334,000 square feet of leases—80% new or expansions—with cash-basis same-property NOI rising 1.2%. Post-quarter, they snapped up The Link, a 292,000-square-foot trophy office in Uptown Dallas, for $218 million, bolstering Sun Belt exposure. Raised 2025 FFO guidance to $2.79–$2.85/share, yet debt maturities loom large.
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