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Cousins Properties Inc. (CUZ)
NYSE:CUZ
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.09Last Year’s EPS
$0.12Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -4.91%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a strong financial performance, strategic investments, and positive market trends. However, challenges in occupancy retention and private capital markets present notable risks. Despite these challenges, the overall outlook remains optimistic with expectations of market stabilization and growth.Company Guidance
During the Cousins Properties Q3 2024 earnings call, the executives provided optimistic guidance, highlighting the company's strong performance and strategic outlook. The company reported $0.67 per share in FFO, with same-property net operating income increasing by 4.4% on a cash basis. Leasing activity was robust, marking the highest quarterly volume since 2019, with 763,000 square feet leased at a 7.2% cash rent roll-up. The portfolio occupancy rose to 88.4% from 87.6% at the start of the year. Additionally, Cousins completed its inaugural unsecured bond issuance and executed new investments, including the acquisition of a whole loan for Saint Ann Court in Dallas and a joint venture acquisition of Proscenium in Atlanta. Looking forward, the company anticipates continued earnings growth, aiming to further enhance occupancy levels and capitalize on both internal and external growth opportunities.Strong Earnings Performance
Cousins Properties delivered $0.67 per share in FFO, with a 4.4% increase in same-property net operating income on a cash basis.
Record Leasing Activity
The company leased 763,000 square feet during the quarter, marking the highest quarterly leasing volume since 2019 with a 7.2% cash rent roll-up.
Strategic Investments and Bond Issuance
Cousins completed a joint venture acquisition in Midtown Atlanta, acquired a whole loan for a property in Dallas, and completed its inaugural unsecured bond issuance.
Positive Market Trends
National leasing volume during the third quarter was the highest since the pandemic, with a peak in vacancy expected and market tightening anticipated in the lifestyle office sector.
Strong Balance Sheet and Credit Rating
The company maintains an industry-leading net debt to EBITDA ratio of 5.1x and received investment-grade credit ratings from Moody's and S&P.
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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 |
|---|---|---|---|
| Oct 24, 2024 | $31.37 | $31.54 | +0.54% |
| Jul 25, 2024 | $24.90 | $26.94 | +8.19% |
| Apr 25, 2024 | $22.47 | $22.30 | -0.76% |
| Feb 07, 2024 | $21.13 | $22.02 | +4.21% |
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 Feb 05, 2025, TBA Not Confirmed.
What is Cousins Properties Inc. (CUZ) earnings time?
Cousins Properties Inc. (CUZ) earnings time is at Feb 05, 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 2024 (Q4) is $0.09.
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