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Jun 30, 2022
Cousins Properties Q2 2022 Earnings Report
Cousins Properties reported solid results with strong leasing results despite a volatile macro-economic environment.
Key Takeaways
Cousins Properties reported second quarter 2022 results with net income available to common stockholders of $34.1 million, or $0.23 per share, and FFO of $104.7 million, or $0.70 per share.
Net income available to common stockholders was $34.1 million, or $0.23 per share, compared to $28.2 million, or $0.19 per share, for second quarter 2021.
Funds From Operations (FFO) was $104.7 million, or $0.70 per share, compared to $102.1 million, or $0.69 per share, for second quarter 2021.
Same property net operating income (NOI) on a cash-basis decreased 0.2%.
Executed 588,000 square feet of office leases, including 264,000 square feet of new and expansion leases, representing 45% of total leasing activity.
Cousins Properties
Cousins Properties
Cousins Properties Revenue by Segment
Revenue by Segment
Fee Income Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Full year 2022 earnings guidance has been updated as follows: Net income between $0.79 and $0.85 per share and FFO between $2.67 and $2.73 per share. Guidance updates are driven by increases in actual and forecast interest rates, partially offset by the Victory land gain as well as anticipated improvements in property NOI.
Revenue & Expenses
Visualization of income flow from segment revenue to net income