Cousins Properties Q3 net income and FFO rise, lifts 2026 guidance

Overview

• U.S. office REIT's Q3 net income and FFO rose yr/yr

• Company raised 2026 earnings guidance, citing strong leasing and fee income

Outlook

• Cousins Properties raises 2026 FFO guidance to $2.95-$2.99 per share

• Company lifts 2026 net income outlook to $0.14-$0.18 per share

• Guidance assumes sale of 303 Tremont land parcel in Q4 and excludes speculative deals

Result Drivers

• LEASING ACTIVITY - Co said robust leasing, including 546,000 sq ft of office leases in Q3, supported results

• RENT GROWTH - Second generation net rent per square foot on a cash-basis increased 19.8% in Q3

• SAME PROPERTY NOI - Same property net operating income on a cash-basis increased 7.4% in Q3

Company press release: Full Story

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• Wall Street's median 12-month price target for Cousins Properties Inc is $34.00, about 19.3% above its October 28 closing price of $28.51

• The stock recently traded at 75 times the next 12-month earnings vs. a P/E of 101 three months ago

Reuters Recommended Reads

• Oct 27 - American Assets Trust Q3 FFO rises on higher rental rates; lifts outlook

• Oct 27 - Essex Property Trust Q3 EPS beats estimates, raises 2026 outlook

• Oct 27 - WP Carey Q3 revenue beats estimates, raises annual AFFO forecast on strong investment activity

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)