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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income available to common stockholders

$17 mln

Q3 FFO

$123.8 mln


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.)

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