| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 268.53 | 2.1% | 11.8% |
| Total Income | 268.53 | 2.1% | 11.8% |
| Expenditure | 249.25 | 12.6% | 11.3% |
| PBT | — | ||
| Net Profit | 26.16 | 205.2% | 80.7% |
| OPM | 67.91% | 0.53pp | 1.52pp |
| NPM | 9.74% | 19.19pp | 3.71pp |
| EPS | 0.16 | 206.7% | 77.8% |
Cousins Properties Reports Q2 2026 Results and Raises 2026 Earnings Guidance
31 Jul 2026 · 31 Jul, 1:57 am
Summary
Cousins Properties reported strong second quarter 2026 results, with net income available to common stockholders of $26.2 million ($0.16 per share) and Funds From Operations (FFO) of $124.6 million ($0.75 per share). The company achieved a portfolio lease percentage of 92.8%, the highest since Q1 2020, driven by leasing over 920,000 square feet of office space. Same property NOI and second generation net rent per square foot also saw significant increases. The company raised its full-year 2026 FFO guidance midpoint, reflecting confidence in its leasing activity and strategic transactions.
Key Highlights
- 1
Cousins Properties reported net income available to common stockholders of $26.2 million, or $0.16 per share, for the second quarter of 2026.
- 2
Funds From Operations (FFO) for the second quarter of 2026 was $124.6 million, or $0.75 per share, an increase from $117.5 million, or $0.70 per share, in the prior year.
- 3
The company leased more than 920,000 square feet of office space in the second quarter, increasing its portfolio occupancy to 92.8%, the highest level since the first quarter of 2020.
- 4
Same property net operating income (NOI) on a cash-basis increased by 5.9% for the second quarter of 2026.
- 5
Second generation net rent per square foot on a cash-basis increased by 9.2% for the second quarter of 2026.
- 6
The company raised its 2026 FFO per share guidance midpoint to a range of $2.92 to $2.98.
- 7
Cousins Properties closed a new five-year $1.2 billion unsecured credit facility during the second quarter of 2026.
Management Comments
Colin Connolly
We had a busy and productive second quarter. We leased more than 920,000 square feet of office space during the second quarter, increasing our portfolio to 92.8% leased - the highest level since the first quarter of 2020. We also completed several strategic property transactions that further enhanced the quality of our lifestyle office portfolio. We are well-positioned for the second half of 2026 as our late-stage leasing pipeline remains robust and trophy office fundamentals in the Sun Belt are tightening.
Informational and educational content only. Not investment advice.