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Dec 31, 2020
Cousins Properties Q4 2020 Earnings Report
Reported fourth quarter and full year 2020 results and provided initial 2021 earnings guidance.
Key Takeaways
Cousins Properties reported net income of $0.07 per share and FFO of $0.68 per share for Q4 2020. The company made significant investments in Charlotte and remains confident in its Sun Belt strategy.
Net income was $0.07 per share for the quarter and $1.60 for the year.
Funds from operations was $0.68 per share for the quarter and $2.78 for the year.
Same property net operating income on a cash basis decreased 3.3% for the quarter and increased 0.7% for the year.
Executed 387,611 square feet of office leases during the quarter and 1,421,213 square feet during the year.
Revenue by Geographic Location
Forward Guidance
For the year ending December 31, 2021, the Company expects to report net income in the range of $0.83 to $0.93 per share and FFO in the range of $2.76 to $2.86 per share. This guidance does not include any property acquisitions, property dispositions, or development starts during 2021. In addition, this guidance assumes physical occupancy remains significantly below normalized levels until the second half of 2021.
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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