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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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