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0 0 0.000435919790758569 0.000871839581516982 0 -0.00174367916303396 -0.00174367916303396 -0.00174367916303396
Stock impact report

Cousins Properties (CUZ) Q4 FFO Meets Mark, '24 View Issued [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 year-over-year growth in the top line, aided by healthy leasing activity, a rise in occupancy levels, and decent improvement in second-generation net rent per square foot. However, higher same-property rental property operating expenses are a headwind in the quarter. CUZ also issued its 2024 outlook for FFO per share. Quarterly rental property revenues came in at $196.6 million, lagging the Zacks Consensus Estimate of $202.4 million. On a year-over-year basis, while FFO per share declined 1.5%, rental property revenues increased 1.5%. In 2023, Cousins Properties reported an FFO per share of $2.62, in line with the Zacks Consensus Estimate. The figure fell 3.7% from the prior year's $2.72. Full-year rental property revenues of $799 million increased 6% year over year. However, the reported figure missed the consensus mark of $807.1 million. Quarter in Detail Cousins Properties executed leases for 452,688 square feet of office space in the fourth quarter, incl Show less Read more
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