Cousins Properties Q2 net income rises on property sale gain

Cousins Properties

30/07/2026 21:28

Overview
U.S. office REIT's Q2 net income rose yr/yr, driven by a property sale gain
Q2 funds from operations increased from a year earlier
Same property NOI on a cash basis grew 5.9% yr/yr in Q2

Outlook
Cousins Properties raises 2026 earnings guidance midpoint
Company says late-stage leasing pipeline remains robust
Cousins Properties sees tightening fundamentals in Sun Belt trophy office markets

Result Drivers
LEASING ACTIVITY - Co executed 924,000 sq ft of office leases in Q2, including 395,000 sq ft of new and expansion leases, raising portfolio occupancy to 92.8%
PROPERTY SALE GAIN - Increase in Q2 net income was primarily due to a gain on the sale of an investment property
RENTAL GROWTH - Second generation net rent per sq ft on a cash-basis increased 9.2% in Q2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income available to common stockholders
 
$26.2 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 $33.00, about 2.2% above its July 29 closing price of $32.30
The stock recently traded at 101 times the next 12-month earnings vs. a P/E of 72 three months ago

Reuters Recommended Reads
July 28 - BXP Q2 profit beats expectations on higher occupancy, raises FY outlook
July 28 - Franklin Street Properties Q2 revenue dips, net loss widens amid strategic review
July 29 - Empire State Realty Trust posts Q2 net loss on impairment charge

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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.)