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AI brief of an SEC Form 8-K · Cousins Properties (CUZ)

Cousins Properties Q2 FFO flat at $0.68 per share; raises 2024 FFO guidance

Mixed Impact 4 of 5 earnings Written later

Cousins Properties reported second quarter 2024 Funds From Operations of $103.3 million, or $0.68 per share, flat with a year earlier, while net income available to common stockholders fell to $7.8 million, or $0.05 per share, from $22.6 million, or $0.15 per share, mainly due to higher depreciation expense. The company raised the midpoint of its full year 2024 FFO guidance by $0.02 per share to $2.63 to $2.68, but lowered its net income guidance to $0.31 to $0.36 per share.

Key points

  • Q2 2024 FFO was $103.3 million, or $0.68 per share, versus $103.0 million, or $0.68 per share, in Q2 2023
  • Q2 2024 net income available to common stockholders was $7.8 million, or $0.05 per share, versus $22.6 million, or $0.15 per share, a year earlier
  • Full year 2024 FFO guidance raised to $2.63 to $2.68 per share from $2.60 to $2.67; net income guidance lowered to $0.31 to $0.36 per share from $0.32 to $0.39
  • Same property cash-basis NOI increased 5.1% in Q2 2024 and 391,000 square feet of office leases were executed

The filing

CompanyCousins Properties (CUZ)
Form8-K, current report
Filed with the SECJul 25, 2024, 4:19 PM ET
Accession number0000025232-24-000046

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.