Cousins Properties (CUZ) Misses Q2 EPS by 6c

Cousins Properties (NYSE: CUZ) reported Q2 EPS of $0.05, $0.06 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $212.98 million versus the consensus estimate of $208.18 million.

GUIDANCE:

Cousins Properties sees FY2024 EPS of $0.31-$0.36 versus the consensus of $0.49

FFO between $2.63 and $2.68 per share, updated from previous guidance of $2.60 and $2.67 per share.
• The increase in FFO is primarily driven by improved leasing activity, higher parking income, and the recent acquisition of two
mezzanine loans.
• Guidance does not include any benefit from our approximately $9.6 million SVB Financial Group bankruptcy claim.
• Guidance does not include any operating property acquisitions, operating property dispositions, or development starts.
• Guidance does not include any capital markets transactions

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

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