Cousins Properties raises FY24 EPS guidance to $2.63-2.68, exceeds Q2 2024 FFO expectations, and acquires two mezzanine loans.
Cousins Properties (NYSE: CUZ) has issued FY24 earnings guidance with an EPS range of $2.63-2.68, higher than the consensus estimate of $2.65. The real estate investment trust reported Q2 2024 funds from operations of $103.3m, or 68 cents per share, exceeding Wall Street expectations. The company has a market cap of $3.83bn, a beta of 1.30, and a debt-to-equity ratio of 0.57. Cousins Properties has also acquired two mezzanine loans in Nashville and Charlotte, with an initial commitment of $27.2m and a potential total commitment of $37.0m.
July 25, 2024
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