Cousins Properties posts Q1 net loss on impairment charge

Cousins Properties

29/04/2026 21:29

Overview

U.S. office REIT reported Q1 net loss, reversing prior-year profit due to impairment charge

Q1 FFO declined slightly, reflecting absence of prior-year gain from SVB Financial claim sale

Company repurchased 3.9 mln shares and raised buyback authorization to $500 mln post-quarter

Result Drivers

IMPAIRMENT CHARGE - Net loss in Q1 attributed primarily to an impairment charge

ABSENCE OF PRIOR-YEAR GAIN - FFO declined mainly due to lack of gain from SVB Financial claim sale in prior-year quarter

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$24.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "hold."

Wall Street's median 12-month price target for Cousins Properties Inc is $29.00, about 13.2% above its April 28 closing price of $25.61

The stock recently traded at 83 times the next 12-month earnings vs. a P/E of 83 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)