Cousins Properties released its third quarter 2024 financial results, reporting Funds From Operations (FFO) of $0.67 per share. This FFO figure matched Wall Street consensus expectations for the quarter, indicating a stable operational performance.
In conjunction with its earnings release, Cousins Properties also updated its full-year 2024 FFO guidance. The company raised the midpoint of its FFO outlook to a range of $2.66-$2.70 per share, an increase from the previous guidance of $2.63-$2.68 per share.
This upward revision in guidance signals management's confidence in the company's continued financial performance for the remainder of the year. Meeting FFO expectations and raising guidance are positive indicators for investors regarding the company's financial health and future earnings potential.
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