Cousins Properties Inc. (CUZ)
NYSE:CUZ
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: an earnings beat, a raised FFO guidance midpoint, record-level leasing (932k sq ft), meaningful rent roll-ups (+15.2%), same-property NOI growth (+5.5% YoY), improved occupancy trends and an accretive trophy acquisition. Capital markets execution was solid (bond issuance, new $1.2B facility) and buybacks were accelerated with additional authorization. Key near-term risks are primarily execution and timing-related—elevated net leverage (5.66x) that management expects to normalize with planned asset sales, unsettled forward share settlements used in modeling, potentially higher second-generation CapEx/FAD outflows tied to strong leasing, and sensitivity to interest rates (no SOFR cut assumed). Overall, positive operating fundamentals and balance-sheet actions outweigh the execution/timing risks.Company Guidance
FFO Beat and Guidance Raise
Reported FFO of $0.73 per share in Q1, $0.02 above consensus; raised 2026 FFO guidance midpoint to $2.94 (guidance range $2.90–$2.98), representing ~3.5% growth over 2025 and a 3.9% CAGR since 2023.
Exceptional Leasing Volume
Completed 49 leases totaling 932,000 square feet in the quarter (one of the highest quarterly volumes in company history); weighted average lease term 6.6 years; 52% of sq ft were new/expansion leases (483,000 sq ft).
Strong Second-Generation Rent Roll-Up
Second-generation cash rents rolled up 15.2% this quarter, marking 48 consecutive quarters of positive rent roll-ups; average net rent $44.54 (≈18% above full-year 2025) and average net effective rent $32.28 (second only to 2024).
Occupancy and Portfolio Stabilization Progress
Portfolio weighted average occupancy increased to 88.9% (end-of-period leased 91.8%); market highlights: Austin 95.3% leased, Dallas 98.1% leased, Atlanta 89.3% leased; Newhof (Nashville) office component moved to 84.3% leased from 55.3% last quarter.
Same-Property Cash NOI and Expense Control
Same-property cash NOI grew 5.5% YoY in Q1, driven by revenues up 4.5% and expenses up 2.7%; same-property expense growth averaged just 1.95% annually over the past four years.
Accretive Acquisition and Portfolio Optimization
Closed acquisition of 300 South Tryon (638,000 sq ft) for ~$317.5M ($497/sf), described as a discount to replacement cost; disposed Harborview Plaza for $39.5M and under contract to sell 111 Congress (519,000 sq ft) and 303 Tremont land ($23.7M) to fund the acquisition and optimize the portfolio.
Active Capital Markets & Share Repurchases
Issued $500M seven-year bond at ~5% and closed a new $1.2B five-year unsecured credit facility; repurchased 3.9M shares at a weighted average price of $23.36 and board increased buyback authorization to $500M (≈$410M remaining).
Robust Leasing Pipeline & Market Momentum
Late-stage pipeline ~1.0M sq ft currently (signed or in negotiation) and stated as ~2x the size of the late-stage pipeline a year ago; prospect count up ~15% vs. prior quarter with broad-based strength across Atlanta, Austin, Charlotte, Dallas, Phoenix and Nashville.
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 |
|---|---|---|---|
Apr 29, 2026 | $25.06 | $25.61 | +2.19% |
Feb 05, 2026 | $25.57 | $25.27 | -1.15% |
Oct 30, 2025 | $25.03 | $25.25 | +0.85% |
Jul 31, 2025 | $26.09 | $25.54 | -2.10% |
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 Jul 23, 2026, After Close (Confirmed).
What is Cousins Properties Inc. (CUZ) earnings time?
Cousins Properties Inc. (CUZ) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CUZ EPS forecast?
CUZ EPS forecast for the fiscal quarter 2026 (Q2) is 0.06.