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Sep 30, 2020
Cousins Properties Q3 2020 Earnings Report
Reported third quarter 2020 results.
Key Takeaways
Cousins Properties reported net income per share of $0.19 and funds from operations per share of $0.69 for the third quarter of 2020. Despite a challenging operating environment, the company's financial results are holding up well, and they are beginning to see encouraging signs in leasing activity. The company collected 98.2% of rents during the quarter, including 98.7% from office customers.
Net income per share was $0.19.
Funds from operations per share was $0.69.
Same property net operating income on a cash basis decreased 3.0% for the quarter and increased 2.1% for the nine months ended September 30, 2020.
Executed 254,942 square feet of office leases during the quarter and 1,033,602 square feet during the nine months ended September 30, 2020.
Cousins Properties
Cousins Properties
Forward Guidance
Due to uncertainty driven by the COVID-19 pandemic, the Company withdrew its earnings guidance in April 2020. However, the Company has continued to provide certain financial information to assist investors as they assess the Company’s outlook for the balance of 2020.