Cousins Properties Incorporated filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 15, 2026. The filing discloses that the company provided an investor presentation during the BofA Securities Global Real Estate Conference 2026, held in New York from September 15 through 17, 2026. The presentation is attached as Exhibit 99.1 to the filing and is also available on the company's website.
The presentation details the company's operational strategy and financial positioning. Cousins Properties reported a portfolio of 22.3 million square feet, with an average year built of 2014 and an occupancy rate of 92.8%. The company states that 76% of its Net Operating Income (NOI) is delivered or redeveloped since 2010. The portfolio is described as 100% Class A and located entirely in the Sun Belt.
Financial metrics cited in the materials include a Net Debt/EBITDA leverage ratio of 5.6x, which the company notes is the lowest in the office sector. The company reported $1.1 billion of liquidity, including $89 million of unsettled forward equity. Since obtaining its inaugural investment grade credit rating in 2024, the company has raised $1.9 billion in public debt across four issuances.
The company highlighted its leasing pipeline, noting a near-record level of activity with 1 million square feet in lease negotiations or already signed quarter-to-date. It reported that net effective rents are 33% above pre-pandemic levels and that asking rents are 28% higher than pre-pandemic levels and 35% higher than the Class A average. The company forecasts earnings growth of 9.7% between 2024 and 2026.
The presentation outlines a strategy of strategic capital allocation, including sourcing over $1.4 billion of new investments since 2024. The company also noted a land bank supporting 5.1 million square feet of additional development potential.
