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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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