Cousins Properties (CUZ) Tops Q1 EPS by 1c

Cousins Properties (NYSE: CUZ) reported Q1 EPS of $0.20, $0.01 better than the analyst estimate of $0.19.

Funds from operations was $0.69 per share for the quarter.

“While Bank of America’s long anticipated departure from our One South property affected same property results, leading indicators in our Sun Belt markets are showing encouraging signs of acceleration,” said Colin Connolly, president and chief executive officer of Cousins Properties. “Specifically, leasing activity has meaningfully increased as more companies announce plans to return to the office. The most noticeable improvement has been in our early-stage leasing pipeline, where the number of active proposals has increased 68% and the number of space tours has increased 89% compared to last quarter.”

For earnings history and earnings-related data on Cousins Properties (CUZ) click here.

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