Key Highlights

  • Cousins Properties' $0.32 quarterly dividend trades ex-dividend October 5, 2026, with payment on October 15 to shareholders of record.
  • Second-quarter revenue rose to $268.5 million from $240.1 million, and rental property revenue was $265.7 million compared with $237.7 million.
  • Second-quarter net income available to common stockholders was $26.2 million, or $0.16 per share, compared with $14.5 million, or $0.09.
  • Second-quarter funds from operations, a non-GAAP measure, were $124.6 million, or $0.75 per share, compared with $0.70 a year earlier.

Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend of $0.32 per share, a yield of 4.63%, payable October 15 to shareholders of record on October 5, 2026. Second-quarter funds from operations (FFO), a non-GAAP measure, were $0.75 per share, and dividends declared and paid in the first six months totaled $108.2 million.

Dividend Program and Shareholder Returns

Cousins Properties' board declared the quarterly cash dividend of $0.32 per share on September 17, 2026. The shares trade ex-dividend on October 5, the same day as the record date, and the payment date is October 15.

For the first six months of 2026, the company reported dividends declared and paid of $108.2 million, equal to $0.64 per share. Six-month FFO, a non-GAAP measure, was $247.5 million, or $1.49 per share. The company reported a payout ratio of 42.6% of FFO and 68.2% of funds available for distribution, both non-GAAP measures. Each dividend remains subject to board approval.

About the Company

Cousins Properties Incorporated is a real estate investment trust that owns, develops and operates office properties. At June 30, 2026, the company reported its portfolio was 92.8% leased and that it had no projects under active development. Total debt at its share was $3.9 billion, 85% of which was fixed-rate.

Second-Quarter Revenue, Net Income and Funds From Operations

Cousins Properties reported second-quarter revenue of $268.5 million, compared with $240.1 million a year earlier. Rental property revenue was $265.7 million, compared with $237.7 million. For the first six months of 2026, revenue was $531.6 million, compared with $490.5 million in the same period of 2025.

Net income available to common stockholders was $26.2 million, or $0.16 per share, compared with $14.5 million, or $0.09, in the second quarter of 2025. For the six months, net income available to common stockholders was $1.3 million, or $0.01 per share, after a $36.6 million impairment loss on One Eleven Congress recorded in the first quarter. FFO, a non-GAAP measure, was $124.6 million, or $0.75 per share, compared with $117.5 million, or $0.70, in the second quarter of 2025.

The company reported second-quarter leasing of 924,000 square feet, including 395,000 square feet of new and expansion leases, and cash-basis second-generation rent growth of 9.2%. Same-property net operating income rose 5.9% on a cash basis, a non-GAAP measure, and 2.0% on a GAAP basis. Net debt to annualized EBITDAre, a non-GAAP measure, was 5.57x, and the company closed a new five-year, $1.2 billion unsecured credit facility with $167 million drawn.

Property Sales, Preferred Equity and 2026 Guidance

The company reported that it sold Research Park Plaza V for $42.0 million, producing a $9.2 million gain, and sold One Eleven Congress, a 519,000 square foot property, on July 29 for $208.0 million. Cousins also reported a $31.5 million preferred equity commitment in 5th & Walsh, a 199,000 square foot project. Management stated that the company leased more than 920,000 square feet in the quarter, the highest level since the first quarter of 2020, and the company raised 2026 FFO guidance, a non-GAAP measure, to $2.92 to $2.98 per share from $2.90 to $2.98.

Outlook

Cousins Properties' $0.32 quarterly dividend is payable October 15 to shareholders of record on October 5, 2026. FFO (non-GAAP) relative to the 2026 guidance range of $2.92 to $2.98 per share, leasing activity relative to the 92.8% leased position, and the effect of the One Eleven Congress sale are the relevant considerations.