Cousins Properties Inc ( (CUZ) ) has released its Q4 earnings. Here is a breakdown of the information Cousins Properties Inc presented to its investors.
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Cousins Properties Incorporated is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) based in Atlanta, specializing in Class A office buildings in fast-growing Sun Belt markets.
Cousins Properties reported its fourth quarter and full-year 2024 financial results, highlighting a significant investment of nearly $1 billion in lifestyle office properties and maintaining a strong balance sheet. The company also provided initial earnings guidance for 2025.
For the fourth quarter of 2024, Cousins Properties reported a net income of $13.6 million, with funds from operations (FFO) reaching $108.9 million. The company saw a 3.4% increase in same property net operating income and executed over 462,000 square feet in new office leases. For the full year, net income was $46.0 million, and FFO was $414.1 million, with a notable 4.8% increase in same property NOI.
The company made several strategic investments, including acquiring significant office properties in Dallas, Charlotte, and Austin. In addition, Cousins Properties raised capital through common stock issuance and public unsecured senior notes, demonstrating its commitment to growth while managing financial leverage.
Looking ahead, Cousins Properties expects to see net income per share between $0.25 and $0.35 and FFO per share between $2.73 and $2.83 in 2025, reflecting cautious optimism amidst ongoing market uncertainties and strategic positioning for future growth.
