Core Viewpoint - Cousins Properties (CUZ) is set to acquire a premium lifestyle office property in Downtown Austin, TX, fully leased to a Fortune 20 company, for a net purchase price of $521.8 million, with the transaction expected to close in December 2023 [1][2]. Group 1: Acquisition Details - The property, known as Sail Tower, covers approximately 804,000 square feet and was developed in 2022, located near the Second Street entertainment district [2]. - This acquisition will enhance Cousins' existing 1.7 million square foot office portfolio in Austin, contributing to immediate incremental revenues [3]. Group 2: Strategic Positioning - Cousins Properties is focused on upgrading its portfolio quality through acquisitions of trophy assets and opportunistic developments in high-growth Sun Belt submarkets [4]. - The company recently acquired another lifestyle office property, Vantage South End, in Charlotte for $328.5 million, aligning with its strategy in dynamic submarkets [4]. Group 3: Market Performance - There is a recovery in demand for Cousins' high-quality office properties, evidenced by a rebound in leasing activity, with 114 leases executed for a total of 1.6 million square feet in the first nine months of 2024 [5]. - The weighted average lease term for these leases is 7.8 years, indicating stability in cash flows [5]. - Shares of Cousins Properties have increased by 32.2% over the past six months, outperforming the industry growth of 12.7% [5]. Group 4: Financial Outlook - Analysts have a positive outlook on Cousins Properties, with the Zacks Consensus Estimate for its 2024 funds from operations (FFO) per share revised to $2.68 [6].

ATLANTA, Dec. 11, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE: CUZ) today announced that it has priced an underwritten public offering of 9,500,000 shares of its common stock. 9,500,000 shares are being offered by the Company for expected gross proceeds of approximately $284 million before underwriting discounts and estimated offering expenses payable by the Company. Subject to customary conditions, the offering is expected to close on December 12, 2024.J.P. Morgan served as t ...

ATLANTA, Dec. 4, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has completed its previously announced acquisition of Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, North Carolina, for $328.5 million. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primar ...

Growing up, one of my favorite books was The Phantom Tollbooth, by Norton Juster. The wit and wordplay of Juster's wisdom create a fun-filled story about a boy who daydreams his way to adventure. For Milo, every part of life is aREITer's Digest is a discussion forum for my thoughts on investments. I spent more than ten years working in the real estate industry, including an S&P500 REIT and a Big Four consulting group. I am light-hearted, open-minded, and a student of the game. Investing is not for the faint ...

Healthpeak Properties (DOC) recently announced that it has increased its 2024 guidance due to the strong performance of its high-quality lab, outpatient medical (OM) and continuity care retirement community (CCRC) portfolio. Healthpeak now expects funds from operations (FFO) as adjusted per share in the range of $1.80-$1.82, up from the $1.79-$1.81 range guided earlier. The Zacks Consensus Estimate is currently pegged at $1.80 per share. DOC expects total merger-combined same-store cash (adjusted) net opera ...

Cousins Properties (NYSE: CUZ ) provides a post-pandemic opportunity to invest in office real estate. Considering how office CRE has fundamentally changed since COVID, I wanted to see if there was something to a REIT that focuses on it, something that might My articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fu ...

Analyst's Disclosure: I/we have a beneficial long position in the shares of VNQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I hold one share of VNQ, for reference purposes. A Buy, Sell, or Hold rating in this article does not constitute a Buy, Sell, or Hold recommend ...

Shares of Cousins Properties (CUZ) have rallied 30.5% over the past six months, outperforming the industry's growth of 15.2%. Early November, Cousins Properties announced its agreement to acquire Vantage South End, a 639,000-squarefoot lifestyle office property in Charlotte's South End submarket, for $328.5 million. This strategic acquisition aligns with Cousins' Sun Belt-focused strategy and enhances its presence in one of Charlotte's most dynamic submarkets. Last month, this office real estate investment ...

Cousins Properties (CUZ) announced its agreement to acquire Vantage South End, a 639,000-square-foot lifestyle office property in Charlotte’s thriving South End submarket, for $328.5 million. This strategic acquisition aligns with Cousins’ Sun Belt-focused strategy and enhances its presence in one of Charlotte's most dynamic submarkets. Expected to close in December 2024, the transaction provides immediate financial and operational advantages, making it a highly accretive investment.Located two blocks from ...

ATLANTA, Nov. 8, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE: CUZ) today announced that it has priced an underwritten public offering of 6,000,000 shares of its common stock.  6,000,000 shares are being offered by the Company for expected gross proceeds of approximately $188 million before underwriting discounts and estimated offering expenses payable by the Company.  Subject to customary conditions, the offering is expected to close on November 12, 2024.BofA Securities served ...