other_material
confidence high
sentiment positive
materiality 0.35
Cousins Properties reiterates Sun Belt strategy; highlights 5.1x leverage, 7.6% FFO growth forecast
COUSINS PROPERTIES INC
- Portfolio 92.1% leased; 70% of NOI from assets built or redeveloped since 2010; 21.6M SF total.
- $949M liquidity; 5.1x Net Debt/EBITDA lowest among office REIT peers.
- Forecasts FFO/share growth of 7.6% over past two years; dividend raised 10% since COVID.
- Sourced over $1B of acquisitions since 2024; raised $1.4B public debt since inaugural IG rating in 2024.
- Development pipeline of 916K SF; land bank supports 5.3M SF of future development.
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