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Cousins Properties (CUZ) investor relations material
Cousins Properties Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strong leasing, rent growth and operating performance lifted Q3 FFO and supported higher FY26 FFO guidance; year-end occupancy target is 90%.
Portfolio actions included selling One Eleven Congress, investing in 5th & Walsh preferred equity and forming a Dallas land joint venture.
Financial highlights
Q3 FFO was $123.8M, or $0.75/share, versus $116.5M, or $0.69/share, a year earlier; revenue was $259.4M versus $248.3M.
Q3 net income available to common stockholders was $17.0M, or $0.10/share, versus $8.6M, or $0.05/share; 9M net income was $18.3M, or $0.11/share.
9M FFO was $371.3M, or $2.23/share, versus $358.9M, or $2.13/share.
9M results included a $36.6M impairment related to One Eleven Congress and a $9.2M gain on the Research Park V sale.
Outlook and guidance
FY26 FFO guidance increased to $2.95–$2.99/share from $2.92–$2.98; net income guidance rose to $0.14–$0.18/share from $0.08–$0.14.
Higher FFO guidance primarily reflects leasing activity and fee income above prior forecasts; it assumes a Q4 sale of 303 Tremont land.
Guidance excludes settlement of 3.9M forward-sold common shares and speculative acquisitions, dispositions or development starts.
Year-end occupancy target remains 90%; longer-term ambition is 92%–93%+, with timing dependent on balancing occupancy gains and rental-rate growth.
- Premium Sun Belt office assets, strong demand, and sector-leading growth drive outperformance.CUZ
Investor presentation - Q2 2026 saw record leasing, higher FFO, raised guidance, and strong Sun Belt office demand.CUZ
Q2 2026 - Sun Belt-focused, high-quality office assets deliver strong rent growth, occupancy, and earnings.CUZ
Investor presentation - Premium Sun Belt office assets drive rent growth, high occupancy, and sector-leading performance.CUZ
Investor presentation - Record Sun Belt leasing and FFO guidance increase offset by impairment-driven net loss.CUZ
Q1 2026 - Q3 2025 saw higher FFO, NOI, and leasing, with raised guidance and Sun Belt-driven growth.CUZ
Q3 2025 - Q2 2025 delivered higher earnings, strong leasing, and raised FFO guidance amid Sun Belt expansion.CUZ
Q2 2025 - Q2 2024 FFO steady at $0.68/share; guidance raised amid strong Sun Belt leasing and NOI growth.CUZ
Q2 2024 - Q1 2025 saw record leasing, higher earnings, and raised FFO guidance amid strong Sun Belt demand.CUZ
Q1 2025
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Next Cousins Properties earnings date
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