Earnings ·
Cousins Properties raises 2026 FFO guidance to $2.95-$2.99 per share on strong Q3 results
CUZCousins Properties Inc
Cousins Properties reported third-quarter 2026 funds from operations (FFO) of $123.8 million, or $0.75 per share, up from $116.5 million, or $0.69 per share, in the prior-year period. Net income available to common stockholders was $17.0 million, or $0.10 per share, compared to $8.6 million, or $0.05 per share, a year ago. The company raised its full-year 2026 FFO guidance to between $2.95 and $2.99 per share from the previous range of $2.92 to $2.98 per share, citing robust leasing activity and fee income that exceeded forecasts. Same-property net operating income increased 7.4% for the quarter, while second-generation net rent per square foot rose 19.8%. Cousins also executed 546,000 square feet of office leases in Q3 and sold One Eleven Congress in Austin for $208.0 million. The company operates as a fully integrated real estate investment trust focused on Class A office buildings in high-growth Sun Belt markets.