CUZ Earnings Prediction
The chart below shows how CUZ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CUZ sees a -2.60% change in stock price 10 days leading up to the earnings, and a +1.11% change 10 days following the report. On the earnings day itself, the stock moves by +0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
CUZ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
209.21M
5.21%
-1.77%
Gross Margin
25.38%
-6.35%
16.69%
Operating Margin
20.89%
-8.54%
19.37%
Net Margin
5.43%
-44.59%
45.19%
EPS
0.07
-46.15%
40.00%
No Data Available
CUZ Earnings Analysis
Cousins Properties Inc. Corporation (CUZ.N) Earnings Conference Call
Positive
FFO and NOI Growth: The team delivered $0.67 as share in FFO and same-property net operating income increased 4.4% on a cash basis.
Strong Quarterly Leasing Performance: Leasing remained very strong with 763,000 square feet leased during the quarter at a 7.2% cash rent roll up, marking the highest quarterly leasing volumes since 2019.
New Investments and Bond Issuance: We executed compelling and accretive new investments and completed our inaugural unsecured bond issuance.
Office Portfolio Occupancy Rates: Our total office portfolio end-of-period lease and weighted average occupancy percentages were 91% and 88.4% respectively, both metrics are essentially in line with last quarter.
Portfolio Occupancy Increase: Our portfolio was 88.4% occupied at quarter end, up from 87.6% at the start of the year.
Negative
Office Portfolio Occupancy Decline: The company reported a decline in total office portfolio occupancy percentages to 88.4%, down from 91% in the previous quarter.
Record Net Rent Increase: The average net rent this quarter came in at a record-breaking $45.21, eclipsing the next highest quarter by over $6, indicating rising costs.
Leasing Concessions Decline: The average leasing concessions sum of free rent and tenant improvements decreased to $7.73, a decline relative to the last few quarters.
Leasing Demand Stagnation: The company noted that the leasing demand is running parallel with the previous year, suggesting stagnation in growth.
Occupancy Trend Outlook: The company anticipates that occupancy will trend modestly higher in the fourth quarter, but this is contingent on market conditions.
CUZ FAQs
How does CUZ typically perform around its earnings report dates?
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CUZ Earning Call Sentiment
Cousins Properties Incorporated (CUZ) Q3 2024 Earnings Call Transcript
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CUZ.N
0.3%Positive
The financial performance shows strong FFO and NOI growth, increased leasing activity, and record-breaking rent figures, indicating a positive outlook. The Q&A highlights management's confidence in occupancy recovery and strategic focus on the Sun Belt. Despite some vague responses, the overall sentiment remains optimistic, especially with the high leasing volume and positive market positioning. The market cap suggests a moderate reaction, leading to a positive prediction for stock movement.
