Cousins Properties Q4 Earnings Top Expectations, Revenue Rises
Atlanta, Georgia - Cousins Properties Inc. (CUZ) released its Q4 financial results on Thursday, surpassing Wall Street's estimates for a key profitability metric.
The Atlanta-based real estate investment trust (REIT) reported funds from operations (FFO) of $108.9 million, equivalent to 69 cents per share. Analysts from Zacks Investment Research had projected FFO of 68 cents per share.
FFO, a closely monitored metric in the REIT industry, represents net income excluding depreciation and amortization. The company posted net income of $13.6 million (9 cents per share) for the quarter.
Revenue reached $225.3 million, while adjusted revenue stood at $220.2 million.
For the full year, Cousins Properties reported FFO of $414.1 million and revenue of $847.8 million.
Looking ahead, the company anticipates full-year FFO in the range of $2.73 to $2.83 per share.
Additional Resources
* Zacks stock report on CUZ: https://www.zacks.com/ap/CUZ