Cousins Properties Reports Strong Q2 Performance and Raises Full-Year FFO Outlook
Cousins Properties (NYSE:CUZ) reported second-quarter funds from operations of $0.75 per share and raised its full-year 2026 FFO outlook to a midpoint of $2.95, representing projected growth of 3.9% compared to 2025. The company attributed the increase primarily to strong leasing activity and recent property transactions. Leasing remained robust with 924,000 square feet completed in Q2, bringing first-half leasing volume to nearly double its average annual level over the past decade. Occupancy increased by 50 basis points to 89.4%, driven largely by new and expansion leases as well as renewals. Cousins also sold two Austin properties for $250 million combined, acquired a Tempe office building, extended development projects in Nashville and Austin, and secured a credit facility of up to $1.2 billion.
Tickers: $CUZ
Topics: asset transactions FFO growth leasing activity real estate