ATLANTA, Feb. 6, 2025 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) has released its fourth quarter and full year 2024 results. Please visit the Investor Relations section of Cousins' website at www.cousins.com to access the Earnings Release and Supplemental Information.Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, February 7, 2025 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven day ...

Core Viewpoint - Cousins Properties announces the retirement of Lillian C. Giornelli from its Board of Directors and the election of Susan L. Givens as an independent director, effective April 1, 2025, highlighting a transition in leadership within the company [1][2][3]. Company Overview - Cousins Properties is a self-administered and self-managed real estate investment trust (REIT) based in Atlanta, GA, primarily investing in Class A office towers in high-growth Sun Belt markets [5]. - The company was founded in 1958 and focuses on creating shareholder value through development, acquisition, leasing, and management of high-quality real estate assets [5]. Leadership Changes - Lillian C. Giornelli will retire at the end of her term during the 2025 Annual Shareholder Meeting, having served on the Board since May 1999 and contributed to the company's growth through two mergers and expansion into new markets [1][2]. - Susan L. Givens, with over two decades of experience in real estate investing, will join the Board, bringing her leadership experience from various REITs and investment platforms [3][4]. - Givens previously served as CEO of New Senior Investment Group and held significant roles at Fortress Investment Group, Seaport Capital, and Deutsche Bank [3]. Board Composition - Following the changes, Cousins' Board will consist of nine directors as of the 2025 Annual Shareholder Meeting [4].

ATLANTA, Jan. 21, 2025 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today the year-end tax reporting information for its 2024 distributions. For the tax year ended December 31, 2024, distributions for Cousins' common stock are classified as follows: Record Date Paid Date Total DistributionsPer Share  OrdinaryDividends (1) (2) NondividendDistributions 1/4/2024 1/16/2024 $0.320000 $0.251855 $0.068145 4/4/2024 4/15/2024 $0.320000 $0.251855 $0.068145 7/3/2024 7/15/2024 $0.320 ...

Shares of Cousins Properties (CUZ) have rallied 21% over the past six months against the industry's 6% decline. The company’s portfolio of Class A office assets in high-growth Sun Belt markets is witnessing higher leasing activity backed by tenants’ preference for premium office spaces with class-apart amenities.Last December, Cousins Properties acquired a trophy lifestyle office property, Sail Tower, in Austin, TX, encompassing 804,000 square feet of space, for a net price of $521.8 million. This office sp ...

Cousins Properties’ (CUZ) portfolio of class A office assets is concentrated in the high-growth markets in the Sun Belt region. The company is witnessing higher leasing activity due to tenants’ preference for premium office spaces. Its capital-recycling efforts and healthy balance sheet augur well.Analysts seem positive about this Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for CUZ’s 2025 funds from operations (FFO) per share has moved marginally northward over the past month to $2.68.Shares o ...

ATLANTA, Jan. 7, 2025 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it will release its fourth quarter 2024 earnings after the market closes on Thursday, February 6, 2025. Cousins will hold its fourth quarter 2024 earnings conference call on Friday, February 7, 2025 at 10:00 a.m. (Eastern Time). The number for this call is (800) 836-8184. The live webcast of this call can be accessed on the Company's website, www.cousins.com, through the "Cousins Properties Fourth Quarter Conference Ca ...

Cousin Properties (CUZ) recently acquired a trophy lifestyle office property, Sail Tower, in Austin, TX. This property, which encompasses 804,000 square feet of space, was purchased for a net price of $521.8 million.Sail Tower, developed in 2022, is located near the Second Street entertainment district in Downtown Austin. It is only a few blocks away from Cousins’ existing 1.7 million square foot Downtown Austin office portfolio. This office space is fully leased to a Fortune 20 company (S&P: AA+) through 2 ...

ATLANTA, Dec. 17, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has completed its previously announced acquisition of Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin, Texas, for a net purchase price of $521.8 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 Proper ...

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 ...