Quarterly ResultJul 30, 2026, 04:28 PM
Cousins Properties Q2 FFO $0.75/Share; Raises 2026 Guidance
AI Summary
Cousins Properties reported strong second quarter 2026 results, with net income available to common stockholders at $26.2 million ($0.16 per share) and FFO at $124.6 million ($0.75 per share), both up from the prior year. The company achieved a 5.9% increase in same property NOI on a cash-basis and leased 924,000 square feet of office space, bringing the portfolio to 92.8% leased. Strategic activities included closing a new $1.2 billion credit facility and completing several property transactions, leading to a raised 2026 earnings guidance midpoint.
Key Highlights
- Q2 2026 Net income available to common stockholders was $26.2 million, or $0.16 per share.
- Q2 2026 Funds From Operations (FFO) was $124.6 million, or $0.75 per share.
- Same property net operating income (NOI) on a cash-basis increased 5.9% in Q2 2026.
- Executed 924,000 square feet of office leases, increasing portfolio to 92.8% leased.
- Closed a new five-year $1.2 billion unsecured credit facility.
- Sold Research Park Plaza V for $42.0 million, resulting in a $9.2 million gain.
- Sold One Eleven Congress for $208.0 million subsequent to quarter end.
- Raised 2026 FFO guidance to $2.92-$2.98 per share and net income to $0.08-$0.14 per share.
Price Impact
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