Cousins Properties reports Q2 FFO 70c, consensus 70c

Reports Q2 revenue $240.1M, consensus $243.61M. “This was a strong quarter for Cousins. Over 80% of our leasing was either new or expansion leasing and our leasing pipeline remains robust,” said cEO Colin Connolly. “Post quarter-end, we purchased The Link, a trophy lifestyle office property in Uptown Dallas, which grows our presence in a strategic market. We are also pleased to once again raise our full year FFO guidance with a new midpoint that represents a 4.8% growth rate over last year.”