Cousins Properties Announces $250 Million Share Repurchase Program
Rhea-AI Summary
Cousins Properties (NYSE:CUZ) announced that its Board authorized a $250 million share repurchase program on February 17, 2026. The Program allows repurchases in the open market, in negotiated transactions, or as permitted by law.
The company said it may fund repurchases with proceeds from non-core asset sales, retained cash, debt financing, and/or settlement of shares issued under its ATM program. The Program has no expiration date, does not obligate repurchases, and may be suspended or discontinued at any time.
Positive
- $250 million authorized share repurchase program
- Repurchase funding options include non-core asset sales and retained cash
- Repurchases permitted via open-market or private transactions
Negative
- Program may use debt financing to fund repurchases
- Program is non-binding and may be suspended or discontinued at any time
News Market Reaction
On the day this news was published, CUZ gained 3.61%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
CUZ is up 3.26% with strong volume. Key office REIT peers mostly rose as well: SLG +3.71%, KRC +3.86%, DEI +1.71%, VNO +1.05%, while CDP declined 1.74%. However, no peers appeared in the momentum scanner and the sector momentum flag is false, pointing to a CUZ-specific catalyst tied to the buyback.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 10 | Debt offering | Neutral | -0.7% | Priced $500M senior unsecured notes due 2033 for refinancing and liquidity. |
| Feb 05 | Property acquisition | Positive | -1.2% | Acquired fully leased 300 South Tryon office for <b>$317.5 million</b> in Charlotte. |
| Feb 05 | Earnings release | Neutral | -1.2% | Announced Q4 and full-year 2025 results and scheduled earnings conference call. |
| Jan 20 | Tax reporting | Neutral | +0.8% | Published 2025 tax reporting; four quarterly dividends of <b>$0.320000</b> per share. |
| Jan 07 | Earnings scheduling | Neutral | +3.0% | Set dates for Q4 and 2025 earnings release and conference call logistics. |
Recent CUZ news (acquisitions, financing, tax and earnings disclosures) often saw modest or negative next-day moves, with the accretive 300 South Tryon acquisition notably selling off.
Over the last six weeks, Cousins reported several key developments. It closed and later highlighted the $317.5 million acquisition of 300 South Tryon, described as immediately accretive, and subsequently priced $500 million of senior notes due 2033 to refinance credit facility borrowings. Routine items included 2025 tax reporting with quarterly distributions of $0.320000 per share, the 2025 10-K filing, and scheduling plus release of Q4 and full-year 2025 results. Against this backdrop, the new $250 million share repurchase program follows an active period of acquisitions and financing.
Market Pulse Summary
This announcement introduces a new share repurchase program authorizing up to $250 million of common stock, funded from non-core asset sales, retained cash, debt financing and prior ATM issuances. It follows an active period that included a $317.5 million acquisition and a $500 million notes offering. Investors may watch actual buyback execution levels, funding mix, and any changes in leverage or asset recycling as key indicators of how this program affects long-term capital allocation.
Key Terms
atm program financial
AI-generated analysis. Not financial advice.
Purchases made pursuant to the Program will be made from time to time in the open market, in privately negotiated transactions, or in other manners as permitted by federal securities laws and other legal requirements. The specific timing, manner, price and size of any repurchases will depend on prevailing stock prices, general economic and market conditions and other considerations. The Program does not have an expiration date, does not obligate the Company to repurchase any dollar amount or number of shares, and may be suspended or discontinued at any time.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in
This press release does not constitute an offer of any securities for sale. Certain matters discussed in this press release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk and actual results may differ materially from projections. Readers should carefully review Cousins' financial statements and notes thereto, as well as the risk factors described in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other documents Cousins files from time to time with the Securities and Exchange Commission. Such forward-looking statements are based on current expectations and speak as of the date of such statements. Cousins undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
CONTACT:
Roni Imbeaux
Senior Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com
View original content:https://www.prnewswire.com/news-releases/cousins-properties-announces-250-million-share-repurchase-program-302689029.html
SOURCE Cousins Properties
FAQ
What did Cousins Properties (CUZ) announce on February 17, 2026 about share repurchases?
How will Cousins Properties (CUZ) fund the $250 million repurchase program?
Does the Cousins (CUZ) repurchase program have an expiration date or required buyback amount?
How will Cousins (CUZ) execute share repurchases under the $250 million program?
What are the investor implications of Cousins' (CUZ) $250 million buyback authorization?
