Cousins Properties reports Q4 FFO 69c, consensus 68c

Reports Q4 revenue $225.33M, consensus $215.34M. “In addition to continued strong performance from our property portfolio, Q4 was one of the most productive in Cousins’ history,” said Colin Connolly, President and Chief Executive Officer of Cousins Properties (CUZ). “We invested almost $1B into trophy lifestyle office properties in our Sun Belt markets. These transactions were immediately accretive to earnings and were funded on a leverage neutral basis, allowing us to maintain our best-in-class balance sheet with significant liquidity for additional investments.”