Latest news with #CousinsProperties
Business Insider
10-08-2025
- Business
- Business Insider
Cousins Properties (CUZ) Receives a Buy from Wells Fargo
In a report released on August 7, Blaine Heck from Wells Fargo maintained a Buy rating on Cousins Properties, with a price target of $37.00. The company's shares closed last Friday at $26.70. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Heck is an analyst with an average return of -1.0% and a 45.92% success rate. Heck covers the Real Estate sector, focusing on stocks such as Rexford Industrial Realty, Eastgroup Properties, and Highwoods Properties. In addition to Wells Fargo, Cousins Properties also received a Buy from Bank of America Securities's Jeffrey Spector in a report issued on August 4. However, on August 2, TR | OpenAI – 4o reiterated a Hold rating on Cousins Properties (NYSE: CUZ).
Yahoo
02-08-2025
- Business
- Yahoo
Cousins Properties Inc (CUZ) Q2 2025 Earnings Call Highlights: Strong FFO Performance and ...
FFO (Funds From Operations): $0.70 per share, $0.01 above consensus. Same-Property Net Operating Income: Increased 1.2% on a cash basis and 1.6% year-to-date. Leasing Activity: 334,000 square feet of leases completed, 80% were new or expansion leases. Cash Rents on Second-Generation Space: Increased 10.9% in the quarter and 5.4% year-to-date. Guidance Increase: Midpoint of guidance raised to $2.82 per share, representing a 4.8% growth rate over last year. Occupancy Rates: Total office portfolio end of period leased at 91.6%, weighted average occupancy at 89.1%. Acquisition: Purchased The Link in Uptown Dallas for $218 million, 94% leased with a 9.3-year weighted average remaining lease term. Net Debt to EBITDA: 5.1x, maintaining an industry-leading position. 2025 FFO Guidance: Anticipated between $2.79 and $2.85 per share, midpoint of $2.82 per share. Bond Offering: Issued $500 million of notes at an initial yield of 5.25%. Warning! GuruFocus has detected 4 Warning Signs with CUZ. Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Cousins Properties Inc (NYSE:CUZ) reported a strong second quarter with $0.70 per share in FFO, surpassing consensus by $0.01. Same-property net operating income increased by 1.2% on a cash basis and 1.6% year-to-date. Leasing activity was robust, with 334,000 square feet of leases completed, 80% of which were new or expansion leases. The company acquired The Link, a trophy lifestyle office property in Uptown Dallas, which is expected to be immediately accretive to earnings. Cousins Properties Inc (NYSE:CUZ) increased the midpoint of its guidance to $2.82 per share, representing a 4.8% growth rate over the previous year. Negative Points Occupancy rates declined due to the known move-out of OneTrust at North Park in Atlanta and the expiration of Bank of America's lease in Charlotte. The office market remains uncertain with ongoing concerns about tariffs and interest rates. Phoenix was the only market that did not post rent roll-ups, facing tough comparisons. The Neuhoff project in Nashville experienced a lull in office leasing activity earlier in the year. Despite strong leasing activity, the overall volume was down sequentially compared to the previous quarter. Q & A Highlights Q: Can you provide more context around the acquisition of The Link in Uptown Dallas, including the growth potential and replacement cost considerations? A: Michael Connolly, President and CEO, explained that The Link is a strategic acquisition in a rapidly growing submarket. The property has rents significantly below market, a strong rent roll, and minimal CapEx needs. The acquisition was made below replacement cost, aligning with Cousins Properties' strategy to upgrade portfolio quality in an accretive manner. Q: Are you seeing a lot of potential acquisitions in the market, and how attractive is the current deal flow? A: Jane Kennedy Hicks, Chief Investment Officer, noted that Cousins Properties is continuously evaluating both on-market and off-market opportunities. The company anticipates more opportunities fitting their criteria in the second half of the year as capital markets continue to open up. Q: Can you discuss the decline in leasing spreads in Phoenix and the overall market performance? A: Richard Hickson, Executive Vice President of Operations, mentioned that Phoenix was the only market not to post roll-ups in rent due to a tough comparison with a single lease. However, the overall market performance remains strong, with broad-based strength in leasing spreads. Q: What is the status of the Neuhoff project in Nashville, and what challenges are you facing there? A: Jane Kennedy Hicks, Chief Investment Officer, expressed excitement about Neuhoff, noting strong leasing activity for the apartments and increased interest in the commercial space. The project faced a lull in office leasing earlier in the year, but recent tour activity has picked up, indicating positive momentum. Q: How are you approaching potential dispositions, and what types of properties are you considering selling? A: Michael Connolly, President and CEO, stated that any dispositions will be driven by new investment opportunities. The focus will be on properties with older vintages and higher CapEx profiles, as well as non-core land with potential for higher and better use, likely in the multifamily sector. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Cousins Properties Q2 FFO Matches Estimates, '25 Guidance Raised
Cousins Properties CUZ reported second-quarter 2025 funds from operations (FFO) per share of 70 cents, in line with the Zacks Consensus Estimate. The figure increased 2.9% on a year-over-year Properties experienced healthy new and expansion leasing activity as well as a decline in rental property operating expenses in the quarter. However, the weighted average occupancy decreased, while interest expenses increased and marred the growth tempo. CUZ also raised its 2025 outlook for FFO per share, with the new midpoint denoting a 4.8% growth rate over the last property revenues rose 12.4% year over year to $237.7 million. However, it missed the Zacks Consensus Estimate of $242.5 million. Total revenues grew 12.7% year over year to $240.1 with the second-quarter earnings release, Cousins Properties also announced that it acquired The Link — a 292,000-square-foot lifestyle office property in Uptown Dallas — for $218.0 million. CUZ's Q2 in Detail Cousins Properties executed leases for 334,000 square feet of office space in the second quarter, including 268,000 square feet of new and expansion leases, representing 80% of total leasing rental property revenues on a cash basis declined 0.6% year over year to $192.1 million. Same-property rental property operating expenses on a cash basis fell 3.7% to $69.0 million in the second quarter of 2025. As a result, the same-property net operating income on a cash basis climbed 1.2% to $123.0 million from the prior-year weighted average occupancy of the same-property portfolio was 88.4%, down 10 basis points from a year ended the quarter with the same-property portfolio being leased 91.1%, down from 91.2% at the end of the year-ago period. The second-generation net rent per square foot (cash basis) climbed 10.9%.However, interest expenses jumped 29.5% to $38.5 million year over year. CUZ's Balance Sheet CUZ exited the second quarter of 2025 with cash and cash equivalents of $416.8 million, well ahead of $7.3 million as of Dec. 31, company's net debt-to-annualized EBITDAre ratio in the quarter was 5.11 compared with 4.87 in the prior quarter. Fixed charges coverage (EBITDAre) was 3.73X, down from 4.05X in the prior quarter. CUZ's 2025 Outlook Revision Cousins Properties now expects 2025 FFO per share between $2.79 and $2.85, up from the earlier guided range of $2.75-$2.83. The Zacks Consensus Estimate is presently pegged at $2.80, within the guided range. CUZ's Zacks Rank CUZ currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Cousins Properties Incorporated Price, Consensus and EPS Surprise Cousins Properties Incorporated price-consensus-eps-surprise-chart | Cousins Properties Incorporated Quote Performance of Other Office REITs BXP Inc.'s BXP second-quarter 2025 FFO per share of $1.71 surpassed the Zacks Consensus Estimate of $1.67. However, the reported figure fell 3.4% year over year. BXP's quarterly results reflect better-than-anticipated revenues on healthy leasing activity. However, lower occupancy and higher interest expenses during the quarter marred its year-over-year FFO per share growth. BXP also revised its guidance for 2025 FFO per Green Realty Corp. SLG reported second-quarter 2025 FFO per share of $1.63, which beat the Zacks Consensus Estimate of $1.37. The company reported an FFO of $2.05 per share in the year-ago period, including 69 cents of gains on discounted debt extinguishment at 280 Park Avenue and 719 Seventh Avenue, and 2 cents of positive non-cash fair value adjustments on mark-to-market derivatives. SL Green's results reflected improved average rental rates on the Manhattan office leases signed in this period. However, elevated interest expenses undermined the results to some extent. SL Green raised its 2025 Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BXP, Inc. (BXP) : Free Stock Analysis Report Cousins Properties Incorporated (CUZ) : Free Stock Analysis Report SL Green Realty Corporation (SLG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
31-07-2025
- Business
- Yahoo
Cousins Properties Releases Second Quarter 2025 Results
ATLANTA, July 31, 2025 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) has released its second quarter 2025 results. Please visit the Investor Relations section of Cousins' website at to access the Earnings Release and Supplemental Information. Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, August 1, 2025 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven days at (888) 660-6345, passcode 77032#. A webcast of the conference call can be accessed on Cousins' website through the "Cousins Properties Second Quarter Conference Call" link in the Investor Relations section. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit CONTACT:Roni ImbeauxVice President, Finance and Investor RelationsCousins Properties404-407-1104rimbeaux@ View original content: SOURCE Cousins Properties Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Cousins Properties Stock Up 35.9% in a Year: Will This Continue?
Cousins Properties CUZ shares have rallied 35.9% over the past year, outperforming the industry's 8.5% growth. The company's portfolio of Class A office assets in high-growth Sun Belt markets is witnessing higher leasing activity backed by tenants' preference for premium office spaces with class-apart amenities. With negligible new starts, limited ongoing construction activities and a growing emphasis on return-to-office mandates, Cousins' development pipeline is well-poised to embrace this flight to quality opportunity. Image Source: Zacks Investment Research Amid favorable migration trends and a pro-business environment, corporate relocations and expansions in the Sun Belt markets have gained pace, driving the demand for office space. As a result, Cousins Properties is witnessing a recovery in demand for its strategically located office properties, as reflected by the rebound in new leasing volume. For the first quarter of 2025, the company executed 47 leases for a total of 539,063 square feet of office space with a weighted average lease term of 6.3 years. The rising demand for quality office spaces is helping landlords command premium rents for their assets. In the first quarter of 2025, second-generation net rent per square foot on a cash basis increased 3.2% for Cousins. The company enjoys a well-diversified, high-end tenant roster with less dependence on a single industry. This enables it to enjoy steady revenues over different economic cycles. CUZ makes efforts to upgrade portfolio quality with trophy assets acquisitions and opportunistic developments in high-growth Sun Belt submarkets. It also makes strategic dispositions for a better portfolio mix. Apart from the TIER REIT transaction, from 2020 through the first quarter of 2025, the company acquired 2.9 million square feet of operating properties for $1.54 billion, completed 2.2 million square feet of development at total project costs of $909 million and sold 5.5 million square feet of operating properties for $1.28 billion. Cousins Properties maintains a healthy balance sheet position and exited the first quarter of 2025 with cash and cash equivalents of $5.3 million and $38.7 million drawn under its $1 billion credit facility. As of March 31, 2025, Cousins Properties had a net debt-to-annualized EBITDAre ratio of 4.87. With considerable liquidity and access to capital markets, the company seems well-placed to bank on long-term growth opportunities. High competition is likely to affect Cousins Properties' ability to retain tenants at relatively higher rents, impacting its pricing power. Concentrated portfolio and high interest expenses also ail. Analysts seem bearish about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for CUZ's 2025 funds from operations (FFO) per share has moved 1 cent southward over the past week to $2.80. Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI Properties' 2025 FFO per share has been raised marginally over the past two months to $2.34. The consensus estimate for W.P. Carey's current-year FFO per share has moved northward 1.2% in the past two months to $4.88. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cousins Properties Incorporated (CUZ) : Free Stock Analysis Report W.P. Carey Inc. (WPC) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
