CUZ - Cousins Properties FFO of $0.66 beats by $0.01 revenue of $194.5M misses by $1.21M

• Cousins Properties press release ( NYSE: CUZ ): Q4 FFO of $0.66 beats by $0.01 .
• Revenue of $194.5M (+2.3% Y/Y) misses by $1.21M .
• For fourth quarter 2022:
• Same property net operating income ("NOI") on a cash-basis increased 2.5%.
• Second generation net rent per square foot on a cash-basis increased 7.3%; it increased 27.7% excluding our non-core Houston market.
• Executed 632,000 square feet of office leases.
• For year ending December 31, 2023:
• Net income between $0.57 and $0.69 per share.
• FFO between $2.52 and $2.64 per share vs. $2.60 consensus

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