Quarterly ResultApr 29, 2026, 04:46 PM
CUZ Q1 Net Loss $(24.9)M; EPS $(0.15); $36.6M Impairment
AI Summary
Cousins Properties Inc. reported a net loss of $(24.9) million for Q1 2026, a significant decline from a net income of $20.9 million in Q1 2025, with EPS falling to $(0.15) from $0.12. This was primarily impacted by a $36.6 million operating property impairment. Rental property revenues increased by 7.4% to $261.1 million, while interest expense rose by 22.6%. The company also acquired 300 South Tryon for $317.5 million, sold Harborview Plaza for $39.5 million, and extended its Credit Facility to April 2031 with increased capacity.
Key Highlights
- Net loss available to common stockholders was $(24.9)M, with diluted EPS of $(0.15).
- Operating property impairment of $36.6M recorded in Q1 2026.
- Rental property revenues increased 7.4% to $261.1M.
- Interest expense rose 22.6% to $45.1M.
- Acquired 300 South Tryon for $317.5M; sold Harborview Plaza for $39.5M.
- Credit Facility extended to April 2031, capacity increased to $1.2B.
- Issued $500M in 4.875% public senior notes; repaid $150M term loan.
- Repurchased $90.0M of common stock; paid $0.32/share dividend.