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Cousins Properties Inc. (CUZ)
NYSE:CUZ
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: solid FFO growth in 2025, very high leasing velocity and a robust pipeline, a strategic trophy acquisition with upside, healthy project leasing (Hayden Ferry, Neuhoff), and a strong balance sheet that supports opportunistic capital deployment. Offsetting items include the Bank of America lease expiration's negative impact on occupancy/NOI, elevated concessions and lower net effective rents (notably at Northpark), impairments tied to dispositions, and the assumption of additional asset sales to fund acquisitions. Management acknowledged timing risk around lease commencements and provided modest 2026 FFO guidance (lower growth than 2025). Overall, the operational momentum and capital flexibility outweigh the headwinds, but execution and timing of dispositions, lease commencements and refinancings remain key risks.Company Guidance
Strong Full-Year and Quarterly FFO Performance
FFO of $0.71 per share in Q4 (in line with consensus) and full-year 2025 FFO of $2.84 per share, representing 5.6% growth versus 2024; 2026 FFO guidance midpoint of $2.92 implies ~2.8% growth year-over-year and marks a third consecutive year of FFO growth.
Robust Leasing Velocity and Pipeline
Completed 700,000 square feet of leases in Q4 (second-highest quarterly volume in past 4 years) and signed activity of >2.1 million square feet for full-year 2025 (most since 2019). Late-stage pipeline remains over 1.1 million square feet with a historically high level of leases in negotiations; 60% of pipeline is new and expansion leasing.
Consistent Second-Generation Rent Momentum
For the 47th consecutive quarter delivered a positive second-generation cash rent roll-up. Excluding Northpark, cash rents increased 10.4% this quarter and second-generation rent roll-up performance remains strong across markets.
High Portfolio Occupancy/Leased Metrics
End-of-period leased percentage of 90.7% and weighted average occupancy of 88.3% for the total office portfolio. Low 2026 lease expirations of only 4.8% of contractual rent provide a favorable runway to improve occupancy.
Strategic Trophy Acquisition — 300 South Tryon
Acquired 300 South Tryon (Uptown Charlotte), 638,000 sq ft, for $317.5 million (~$497/sf) representing a 7.3% cash cap rate and 8.8% GAAP cap rate; in-place rents are ~20% below today's market, providing near-term upside and expands Charlotte footprint to 2.7 million sq ft.
Balance Sheet and Capital Flexibility
Low-levered, best-in-class balance sheet with unsecured bonds trading at tightest spread among traditional office REITs. Management highlighted multiple funding options (dispositions, ATM, balance sheet) and repayment of an $18.2 million mezzanine loan was received at par.
Successful Project Leasing and Development Progress
Hayden Ferry in Tempe now 95% leased following 177,000 sq ft of Q4 leases and corporate HQ relocations; Neuhoff apartment component >90% leased with stabilization moved to Q1 2026 and a late-stage commercial pipeline near 120,000 sq ft.
Same-Property Operating Improvement (Excluding Major Departure)
GAAP NOI rose 0.4% and cash NOI was essentially flat (+0.03%) in Q4 year-over-year; excluding 201 North Tryon (Bank of America departure), same-property cash NOI increased ~2%.
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
CUZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $25.94 | $25.64 | -1.16% |
Oct 30, 2025 | $25.39 | $25.61 | +0.85% |
Jul 31, 2025 | $26.47 | $25.91 | -2.10% |
May 01, 2025 | $26.83 | $27.27 | +1.66% |
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.
FAQ
When does Cousins Properties Inc. (CUZ) report earnings?
Cousins Properties Inc. (CUZ) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Cousins Properties Inc. (CUZ) earnings time?
Cousins Properties Inc. (CUZ) earnings time is at Apr 23, 2026, After Close (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 2026 (Q1) is 0.06.