Jun 2026 (Q2 FY26) — Jul 31, 2026
Cousins Properties Q2 FY26 — Strong Leasing Volumes and FFO Growth
Read the full callCousins Properties (CUZ) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Cousins Properties earnings: last reported Fri, 31 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 269 | +11.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 67.9 | −1.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 26.2 | +80.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
13 of 13 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| A 49th consecutive quarter of positive second-generation cash rent roll-up in Q2 2026 | announcing our 49th consecutive quarter of a positive cash rent roll-up | Mar 2026 | Our cash rent roll-up on second-generation leasing was 9.2%, which marks 49 consecutive quarters of positive rent roll-ups | Achieved |
| Full-year 2026 FFO per share | $2.87 to $2.97 per share, midpoint $2.92 | Dec 2025 | We currently anticipate full year '26 FFO between $2.92 and $2.98 per share with a midpoint of $2.95 | Revised Up |
| 201 North Tryon redevelopment, approximately $40 million, complete in Q1 2027 | approximately $40 million with an anticipated completion in the first quarter of 2027 | Sep 2025 | is progressing well, and we still expect substantial completion during the first quarter of 2027 | On Track |
11 of COUSINS PROPERTIES INC's 24 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 21 more targets are in the full ledger.
Claimed
- Delivered $0.75 FFO per share in Q2 FY26.
- Increased the midpoint of FY26 FFO guidance by $0.01 to $2.95 per share, representing 3.9% growth over 2025.
- Completed 924,000 square feet of leases in Q2, contributing to 98.8% leased occupancy.
- Achieved a 9.2% cash rent roll-up on second-generation leasing, marking 49 consecutive quarters of positive roll-ups.
- Portfolio occupancy increased by 50 basis points to 89.4%.
Qualified
- A modest downtick in occupancy is expected next quarter due to a couple of large expirations in Charlotte.
- Anticipate downtime on 187,000 square feet of space at Legacy Union 1 starting June 2027 through commencements.
Price
$27.61 +2.79% · +$0.75
Performance +4.6% 1Y
1Y: $26.4 on 14 Oct 2025 → $27.61. High $32.3 (29 Jul 2026), low $21.34 (27 Mar 2026).
- Previous close
- $26.86
- 52-week range
- $21.34 – $32.3
- One year
- +3.64%
Overview
- Symbol
- CUZ
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
13 of 13 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| A 49th consecutive quarter of positive second-generation cash rent roll-up in Q2 2026 | announcing our 49th consecutive quarter of a positive cash rent roll-up | Mar 2026 | Our cash rent roll-up on second-generation leasing was 9.2%, which marks 49 consecutive quarters of positive rent roll-ups | Achieved |
| Full-year 2026 FFO per share | $2.87 to $2.97 per share, midpoint $2.92 | Dec 2025 | We currently anticipate full year '26 FFO between $2.92 and $2.98 per share with a midpoint of $2.95 | Revised Up |
| 201 North Tryon redevelopment, approximately $40 million, complete in Q1 2027 | approximately $40 million with an anticipated completion in the first quarter of 2027 | Sep 2025 | is progressing well, and we still expect substantial completion during the first quarter of 2027 | On Track |
Claimed
- Delivered $0.75 FFO per share in Q2 FY26.
- Increased the midpoint of FY26 FFO guidance by $0.01 to $2.95 per share, representing 3.9% growth over 2025.
- Completed 924,000 square feet of leases in Q2, contributing to 98.8% leased occupancy.
- Achieved a 9.2% cash rent roll-up on second-generation leasing, marking 49 consecutive quarters of positive roll-ups.
- Portfolio occupancy increased by 50 basis points to 89.4%.
Qualified
- A modest downtick in occupancy is expected next quarter due to a couple of large expirations in Charlotte.
- Anticipate downtime on 187,000 square feet of space at Legacy Union 1 starting June 2027 through commencements.
The full ledger
Open COUSINS PROPERTIES INC’s full ledger
A free account opens 5 company ledgers a month. All 24 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Cousins Properties Q1 FY26 — Strong Leasing and FFO Growth
Read the full callEvery analysed call
Cousins Properties earnings calls (CUZ)
Financials
What the filings say
Net profit, year on year: +81% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 209 | 225 | 250 | 240 | 248 | 255 | 263 | 269 |
| Expenses | 196 | 210 | 227 | 224 | 237 | 256 | 285 | 249 |
| Operating profit | 142 | 148 | 165 | 167 | 169 | 172 | 180 | 182 |
| Operating margin | 67.9% | 65.8% | 66.0% | 69.4% | 68.1% | 67.5% | 68.4% | 67.9% |
| Interest | 31 | 33 | 37 | 39 | 41 | 42 | 45 | 47 |
| Net profit | 11 | 14 | 21 | 14 | 9 | -3 | -25 | 26 |
| EPS ($ per share) | 0.07 | — | 0.12 | 0.09 | 0.05 | — | -0.15 | 0.16 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 108 | 149 | 151 | 151 | 154 | 154 | 168 | 168 |
| Total liabilities | 1,325 | 2,724 | 2,612 | 2,712 | 2,890 | 3,086 | 3,932 | 4,188 |
| Total assets | 4,146 | 7,151 | 7,107 | 7,312 | 7,537 | 7,634 | 8,802 | 8,890 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 229 | 303 | 351 | 389 | 365 | 368 | 400 | 402 |
| Cash from investing | -284 | -357 | -132 | -191 | -334 | -296 | -1,305 | -426 |
| Cash from financing | -148 | 69 | -230 | -194 | -36 | -72 | 906 | 22 |
| Net cash flow | -203 | 15 | -11 | 4 | -5 | 1 | 1 | -2 |
| Capital expenditure | — | — | — | — | -342 | -280 | -253 | -267 |
| Free cash flow | — | — | — | — | 23 | 89 | 148 | 135 |
CUZ revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Office | 199% | 194% | 193% | 200% | 200% | 199% | 199% | 198% | +10.8% |
| Non Office | — | — | 1% | 1% | 2% | 1% | 2% | 2% | +22.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CUZ operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Leased rate | 91.8%In the first quarter, our total office portfolio end period lease and weighted average occupancy percentages were 91.8% and 88.9%, respectively.Source: earnings call transcript | 92.8%For the quarter, our total office portfolio end-of-period lease and weighted average occupancy percentages were 92.8% and 89.4%, respectively.Source: earnings call transcript | +1 pt |
| Leased rate Atlanta | 89.3%Our Atlanta portfolio was 89.3% leased at first quarter end.Source: earnings call transcript | 91.6%With this quarter's outstanding activity, I'm pleased to say that Atlanta now stands at 91.6% leased with a lease-to-occupied spread of 5.9%.Source: earnings call transcript | +2.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- Atlanta GA 32% ↓ 43 pt
- Charlotte NC 11% ↓ 4 pt
- Tampa FL 7%
- Phoenix AZ 7%
- Dallas TX 5%
- Houston TX 3%
- Nashville TN 1%
As CUZ cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
35 filings between Nov 28, 2025 and Aug 20, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$177.6K
1 sale by 1 insider
Compensation
not trading decisions- 27
- Award — granted as compensation
- 7
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Symes Jeffrey D | — | $177.6K | Aug 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 20, 2026 | Symes Jeffrey D SVP, Chief Accounting Officer | Sale | 6,033 | $177.6K |
| Jun 1, 2026 | CANNADA CHARLES T Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | CHAPMAN ROBERT M Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | STONE R DARY Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | STONE R DARY Director | Award | 4,186 | $105.0K |
| Jun 1, 2026 | Fordham Scott W Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | Griffin R Kent Jr Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | Griffin R Kent Jr Director | Award | 4,186 | $105.0K |
| Jun 1, 2026 | Givens Susan Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | Hyland Donna Westbrook Director | Award | 5,681 | $150.0K |
| Jun 1, 2026 | Hyland Donna Westbrook Director | Award | 4,585 | $115.0K |
| Jun 1, 2026 | Givens Susan Director | Award | 3,389 | $85.0K |
| Jun 1, 2026 | Nelson Dionne Director | Award | 5,681 | $150.0K |
| Feb 17, 2026 | Hickson Richard G IV Executive Vice President | Tax withheld | 4,640 | $104.2K |
| Feb 17, 2026 | ADZEMA GREGG D EVP and CFO | Tax withheld | 9,821 | $220.6K |
| Feb 17, 2026 | MCCOLL JOHN S Executive Vice President | Tax withheld | 4,873 | $109.4K |
| Feb 17, 2026 | Symes Jeffrey D SVP, Chief Accounting Officer | Tax withheld | 1,936 | $43.5K |
| Feb 17, 2026 | Roper Pamela F EVP, General Counsel | Tax withheld | 4,143 | $93.1K |
| Feb 17, 2026 | Connolly Michael Colin President & CEO | Tax withheld | 31,044 | $697.2K |
| Feb 17, 2026 | Hicks Jane Kennedy EVP, Chief Investment Officer | Tax withheld | 6,235 | $140.0K |
| Feb 13, 2026 | Roper Pamela F EVP, General Counsel | Award | 12,645 | $284.0K |
| Feb 13, 2026 | Connolly Michael Colin President & CEO | Award | 102,404 | $2.30M |
| Feb 13, 2026 | Symes Jeffrey D SVP, Chief Accounting Officer | Award | 5,788 | $130.0K |
| Feb 13, 2026 | Hicks Jane Kennedy EVP, Chief Investment Officer | Award | 21,371 | $480.0K |
| Feb 13, 2026 | MCCOLL JOHN S Executive Vice President | Award | 15,316 | $344.0K |
| Feb 13, 2026 | ADZEMA GREGG D EVP and CFO | Award | 31,167 | $700.0K |
| Feb 13, 2026 | Hickson Richard G IV Executive Vice President | Award | 14,693 | $330.0K |
| Feb 2, 2026 | MCCOLL JOHN S Executive Vice President | Award | 15,772 | $391.8K |
| Feb 2, 2026 | Hicks Jane Kennedy EVP, Chief Investment Officer | Award | 20,679 | $513.7K |
| Feb 2, 2026 | ADZEMA GREGG D EVP and CFO | Award | 32,505 | $807.4K |
| Feb 2, 2026 | Connolly Michael Colin President & CEO | Award | 84,420 | $2.10M |
| Feb 2, 2026 | Hickson Richard G IV Executive Vice President | Award | 15,432 | $383.3K |
| Feb 2, 2026 | Symes Jeffrey D SVP, Chief Accounting Officer | Award | 5,348 | $132.8K |
| Feb 2, 2026 | Roper Pamela F EVP, General Counsel | Award | 11,558 | $287.1K |
| Nov 28, 2025 | MCCOLL JOHN S Executive Vice President | Award | 787 | $17.2K |
| Sep 5, 2025 | Symes Jeffrey D SVP, Chief Accounting Officer | Sale | 4,612 | $135.1K |
| Jun 2, 2025 | Givens Susan Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | STONE R DARY Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | CANNADA CHARLES T Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | CHAPMAN ROBERT M Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | CHAPMAN ROBERT M Director | Award | 5,617 | $150.0K |
| Jun 2, 2025 | Fordham Scott W Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | Givens Susan Director | Award | 2,996 | $80.0K |
| Jun 2, 2025 | Griffin R Kent Jr Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | Griffin R Kent Jr Director | Award | 3,558 | $95.0K |
| Jun 2, 2025 | STONE R DARY Director | Award | 3,558 | $95.0K |
| Jun 2, 2025 | Hyland Donna Westbrook Director | Award | 4,802 | $135.0K |
| Jun 2, 2025 | Hyland Donna Westbrook Director | Award | 4,119 | $110.0K |
| Jun 2, 2025 | Nelson Dionne Director | Award | 4,802 | $135.0K |
| Apr 2, 2025 | Givens Susan Director | Award | 713 | $20.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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