Cousins Properties Inc.
) is making dedicated efforts to simplify its business by
specifically targeting trophy assets and opportunistic mixed-use
developments in the best urban submarkets.
Moreover, the company focuses on increasing the value of its
current portfolio by inking long-term lease deals with high-end
tenants. Notably, the pre-leasing deal with Earth Fare for Emory
Point Phase II, inked in May, reflects the strong demand for the
company's assets. Also, Cousins Properties aims towards maintaining
a flexible balance sheet with ample liquidity to not only
capitalize on opportunistic acquisitions but also leverage on
improving market fundamentals and raise operational efficiency.
In May, fueled by a significant rise in revenues, Cousins
Properties reported an earnings surprise of 11.8% for first-quarter
2014. In particular, the company reported FFO of 19 cents per
share, surpassing the Zacks Consensus Estimate by 2 cents as well
as the year-ago figure by 8 cents.
However, stiff competition and sluggish office space demand due
to adequate space availability exerts pressure on rent and
occupancies. Also, increasing Internet sales that adversely impact
the demand for the company's retail space could limit its growth
For deeper insight into Cousins Properties, you can refer to our
updated research report, which was issued on Jul 16, 2014.
Over the last 60 days, the Zacks Consensus Estimate for FFO per
share for both 2014 and 2015 moved up by a penny and 2 cents to 73
cents and 80 cents per share, respectively. Consequently, this real
estate investment trust (REIT) currently has a Zacks Rank #2
Stocks That Warrant a Look
Other better-ranked stocks are
Aviv REIT, Inc.
W. P. Carey Inc.
FelCor Lodging Trust Incorporated
). All stocks carry a Zacks Rank #1 (Strong Buy).
FFO, a widely used metric to gauge the performance of REITs, is
obtained after adding depreciation and amortization and other
non-cash expenses to net income.
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COUSIN PROP INC (CUZ): Free Stock Analysis
AVIV REIT INC (AVIV): Free Stock Analysis
FELCOR LODGING (FCH): Free Stock Analysis
WP CAREY INC (WPC): Free Stock Analysis Report
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