Cousins Properties reports Q1 FFO 65c, consensus 63c

Reports Q1 revenue $209.24M, consensus $199.47M. “Our Q1 results were outstanding, driven by strong same-property performance in our lifestyle office portfolio,” said CEO Colin Connolly.”We are also pleased to have been assigned solid investment grade credit ratings from S&P and Moody’s, acknowledging the quality of our Sun Belt trophy portfolio and the strength of our balance sheet. These ratings provide us with another important tool as we execute our capital strategy. Looking ahead, we are raising our FFO guidance as office utilization in our markets continues to recover.”