other material
confidence high
sentiment positive
materiality 0.60
Cousins Properties presents growth outlook: FFO/share growth 9.7%, liquidity $1.1B
COUSINS PROPERTIES INC
- Forecasts 9.7% FFO/share growth between 2024-2026; lowest office leverage at 5.6x Net Debt/EBITDA.
- Portfolio 92.8% leased, 22.3M SF, 2014 avg year built; 1MM SF lease pipeline in negotiations.
- Raised $1.9B public debt since 2024; $1.1B liquidity including $89M unsettled forward equity.
- Recent acquisitions: Sail Tower $521.8M, The Link $218M, Vantage $328.5M, 300 South Tryon $317.5M.
- 49 consecutive quarters of cash rent increases; asking rents 35% higher than Class A avg.