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Mar 31, 2021
Cousins Properties Q1 2021 Earnings Report
Reported first quarter 2021 results and updated 2021 earnings guidance.
Key Takeaways
Cousins Properties reported a net income of $0.20 per share and FFO of $0.69 per share for the first quarter of 2021. Leasing activity has increased, and the early-stage leasing pipeline has seen significant growth. The company has updated its full-year 2021 net income guidance to $0.74 to $0.84 per share and FFO guidance to $2.68 to $2.78 per share.
Net income was $0.20 per share for the quarter.
Funds from operations was $0.69 per share for the quarter.
Same property net operating income on a cash-basis decreased 2.7% for the quarter.
Executed 271,126 square feet of office leases during the quarter.
Cousins Properties
Cousins Properties
Forward Guidance
The Company has updated its full year 2021 net income guidance to $0.74 to $0.84 per share from $0.83 to $0.93 per share. The Company has also updated its full year 2021 FFO guidance to $2.68 to $2.78 per share from $2.76 to $2.86 per share.