Streetbeat News

CUZ

Cousins Properties Incorporated

https://www.cousins.com

Industry

REIT - Office

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.

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Evercore ISI Group has downgraded Cousins Properties (NYSE:CUZ) from Outperform to In-Line, while maintaining the price target at $29.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:07 am

Town Lane and Cousins Properties have acquired a 526,000 sq ft Class A office building, Proscenium, in Midtown Atlanta for $83 million. The joint venture involves Town Lane owning 80% and Cousins Properties owning 20%. Cousins will also provide property management and leasing services.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:41 pm

Baird analyst David Rodgers maintains an Outperform rating on Cousins Properties (NYSE:CUZ) and raises the price target from $29 to $31.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:10 pm

The COVID-19 pandemic has accelerated the trend of remote work, leading to high office vacancy rates in major U.S. cities like San Francisco, Houston, and Seattle. This has negatively impacted commercial real estate, particularly office REITs such as Alexandria Real Estate Equities (ARE), BXP Inc (BXP), Hudson Pacific Properties (HPP), Cousins Properties (CUZ), and Kilroy Realty Corporation (KRC). ETFs like Vanguard Real Estate Index Fund (VNQ), Schwab US REIT ETF (SCHH), and Real Estate Select Sector SPDR Fund (XLRE) have fared better due to diversification.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 12:59 pm

Barclays analyst Anthony Powell maintains an Overweight rating on Cousins Properties (NYSE:CUZ) and raises the price target from $25 to $30.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:28 am

Cousins Properties shares are trading higher after the company reported better-than-expected Q2 FFO and sales. Additionally, the company raised the midpoint of its FY24 FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:16 pm

Cousins Properties has raised the midpoint of its FY24 Funds From Operations (FFO) guidance by $0.02 per share, adjusting the range from $2.60 - $2.67 to $2.63 - $2.68. The estimated FFO was $2.65.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:40 pm

Cousins Properties (NYSE: CUZ) reported Q2 2024 earnings per share (EPS) of $0.68, surpassing the analyst estimate of $0.66. The company also reported sales of $212.978 million, exceeding the estimate of $209.372 million. This represents a 4.24% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:38 pm

Cousins Properties has acquired two newly-created mezzanine loans from the existing lender with an initial commitment of $27.2 million and a potential total commitment of $37.0 million. The loans have initial maturity dates of June 2025 and February 2026, and carry a current weighted average interest rate of SOFR plus 866 basis points.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:15 pm

Cousins Properties (CUZ) reported Q1 2024 FFO of $0.65 per share, surpassing the $0.64 estimate, with sales of $209.241M exceeding the $199.473M forecast, marking a 3.21% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:20 pm

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