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Cousins Properties Inc. (CUZ)
NYSE:CUZ
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -1.08%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong fourth quarter performance with positive leasing momentum and accretive investments in strategic markets. Despite upcoming occupancy challenges and a difficult private capital market environment, the company's strong balance sheet and positive earnings guidance for 2025 contribute to an overall positive outlook.Company Guidance
During the Cousins Properties Fourth Quarter Conference Call, the company provided guidance for 2025, highlighting several key metrics. The guidance anticipates full-year 2025 funds from operations (FFO) between $2.73 and $2.83 per share, with a midpoint of $2.78, representing a 3.5% growth compared to 2024. In the fourth quarter, Cousins delivered $0.69 per share in FFO, surpassing the midpoint of their guidance. Same property net operating income increased by 3.4% on a cash basis. Leasing performance was strong, with 462,000 square feet of leases signed, achieving a 6.7% cash rent roll-up. The company also invested nearly $1 billion in office properties within their Sunbelt markets and raised $469 million in equity alongside $400 million in debt to support these investments. Occupancy at year-end reached 89.2%, up from 87.6% the previous year, and the company projects continued growth in occupancy levels moving forward.Exceptional Fourth Quarter Earnings
Cousins Properties delivered $0.69 per share in FFO, exceeding the midpoint of guidance. Same property net operating income increased by 3.4% on a cash basis.
Strong Leasing Performance
Completed 462,000 square feet of leases during the quarter with a 6.7% cash rent roll-up. Total office portfolio occupancy increased to 89.2% at year-end from 87.6% the previous year.
Accretive Investments in Sunbelt Markets
Invested nearly $1 billion in Trophy lifestyle office properties, with transactions immediately accretive to earnings. Acquired Vantage South End in Charlotte and Sail Tower in Austin.
Positive Guidance for 2025
Released 2025 guidance with a midpoint of $2.78 per share, above consensus, representing approximately 3.5% growth compared to 2024.
Strong Balance Sheet and Market Position
Maintained leverage neutral growth with $469 million equity raised and $400 million in unsecured senior notes. Leverage is the lowest across the sector.
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CUZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CUZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $30.66 | $31.21 | +1.79% |
| Oct 24, 2024 | $31.04 | $31.21 | +0.55% |
| Jul 25, 2024 | $24.65 | $26.66 | +8.15% |
| Apr 25, 2024 | $22.24 | $22.06 | -0.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cousins Properties Inc. (CUZ) report earnings?
Cousins Properties Inc. (CUZ) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Cousins Properties Inc. (CUZ) earnings time?
Cousins Properties Inc. (CUZ) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CUZ EPS forecast?
CUZ EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
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