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Stock impact report

Cousins Properties (CUZ) Q1 FFO & Revenues Beat Estimates [Yahoo! Finance]

Cousins Properties Incorporated (CUZ) 
Last cousins properties incorporated earnings: 4/30 05:07 pm Check Earnings Report
US:NYSE Investor Relations: investors.cousinsproperties.com
Company Research Source: Yahoo! Finance
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 remained unchanged, rental property revenues increased 4.4%. Quarter in Detail Cousins Properties executed leases for 403,654 square feet of office space in the first quarter, including 286,489 square feet of new and expansion leases. The same-property rental property revenues, on a cash basis, rose 3.6% year over year to $190.8 million. The same-property rental property operating expenses on a cash basis fell 1.1% to $69.4 million in the first quarter of 2024. As a result, the same-property net operating income, on a cash basis, climbed 6.6% to $121.4 million from the prior-year period. The weighted avera Show less Read more
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