Cousins Properties Earnings Call Transcripts
Fiscal Year 2026
-
Q1 results exceeded expectations with strong FFO growth, robust leasing, and rising occupancy. Portfolio optimization continued through strategic acquisitions, dispositions, and share repurchases, while guidance for 2026 was raised amid strong Sun Belt office demand and limited new supply.
Fiscal Year 2025
-
Q4 and full-year 2025 FFO grew, driven by robust leasing and strategic acquisitions, with Sunbelt markets showing strong demand and limited new supply. 2026 guidance projects continued FFO growth, with a focus on occupancy gains, disciplined capital allocation, and a robust leasing pipeline.
-
Q3 delivered strong FFO growth, robust leasing, and a raised full-year guidance. Sun Belt markets saw high demand, with major acquisitions and redevelopment projects advancing. Balance sheet strength and limited lease expirations support continued earnings and occupancy growth.
-
Q2 delivered strong FFO, robust leasing, and double-digit rent growth, with The Link acquisition in Dallas immediately accretive. 2025 FFO guidance was raised, and Sun Belt office fundamentals remain solid, supported by a healthy leasing pipeline and disciplined capital allocation.
-
Q1 saw strong FFO, positive leasing spreads, and increased occupancy, with robust demand across Sunbelt markets. 2025 FFO guidance was raised, and the company remains well-positioned with low leverage and high liquidity to capitalize on market opportunities.
Fiscal Year 2024
-
Q4 results exceeded guidance with strong leasing, NOI growth, and $1B in accretive Sun Belt acquisitions. 2025 FFO guidance implies 3.5% growth, supported by high occupancy, robust balance sheet, and improving office fundamentals.
-
Q3 delivered strong FFO, record leasing, and positive NOI growth, with robust Sun Belt market demand and major new leases. Guidance for 2024 FFO was raised, and liquidity remains excellent, despite anticipated 2025 occupancy dips from large expirations.
-
Q2 results exceeded expectations with $0.68 FFO per share, 5% same property NOI growth, and strong leasing momentum across Sunbelt markets. Guidance for 2024 FFO was raised, supported by improved leasing, higher parking revenues, and new mezzanine loan investments.