ATLANTA, Aug. 13, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE:CUZ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $500 million aggregate principal amount of 5.875% senior unsecured notes due 2034 at 99.708% of the principal amount. The offering is expected to close on August 16, 2024, subject to the satisfaction of customary closing conditions. Cousins intends to use the net proceeds f ...

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 growing out of tenants' preference for premium office spaces with class-apart amenities. Its capital-recycling efforts and healthy balance sheet augur well. Later in July 2024, CUZ reported second-quarter 2024 funds from operations (FFO) per share of 68 cents, which beat the Zacks Consensus Estimate of 66 cents. Results reflected de ...

Cousins Properties Incorporated (NYSE:CUZ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Pamela Roper - General Counsel Colin Connolly - President & Chief Executive Officer Richard Hickson - EVP of Operations Kennedy Hicks - EVP & Chief Investment Officer Gregg Adzema - Chief Financial Officer. Conference Call Participants Blaine Heck - Wells Fargo Steve Sakwa - Evercore Nick Thillman - Baird John Kim - BMO Capital Markets Dylan Burzinski - Green Street Camille Bonnel - Ban ...

Results reflect decent leasing activity and better-than-anticipated revenues. However, rental property operating and interest expenses increased year over year.CUZ also raised its 2024 outlook for FFO per share. As per Cousins Properties' president & CEO, Colin Connolly, "We had another solid quarter, driven by improving office fundamentals in our Sun Belt markets." The CEO also pointed out that "Demand for highlyamenitized lifestyle office space continues to accelerate while supply has contracted. As the m ...

Core Insights - Cousins Properties reported a revenue of $211.47 million for the quarter ended June 2024, which is a year-over-year increase of 3.7% [4] - The earnings per share (EPS) for the same period was $0.68, significantly higher than $0.15 a year ago, indicating strong growth [4] - The reported revenue exceeded the Zacks Consensus Estimate of $208.45 million by 1.45%, and the EPS surprise was 3.03% over the consensus estimate of $0.66 [1] Revenue Breakdown - Rental property revenues were $211.47 million, surpassing the average estimate of $208.45 million from three analysts, reflecting a year-over-year change of 3.7% [5] - Other revenues amounted to $1.10 million, which is a remarkable increase of 7742.9% year-over-year compared to the $0.33 million average estimate [5] - Fee income reached $0.41 million, slightly above the estimated $0.37 million, representing a 15.3% increase from the previous year [5] Stock Performance - Shares of Cousins Properties have returned +11.2% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

This quarterly report represents an FFO surprise of 3.03%. A quarter ago, it was expected that this real estate company would post FFO of $0.63 per share when it actually produced FFO of $0.65, delivering a surprise of 3.17%. Cousins Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $211.47 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.45%. This compares to year-ago revenues of $203.95 million. The company has topped con ...

Six Months Ended June 30, 2024 2023 $ Change % Change Rental Property Revenues (2) $ 408,356 $ 392,824 $ 15,532 4.0 % Cousins Properties 18 Q2 2024 Supplemental Information PORTFOLIO STATISTICS Portfolio NOI by Market Second Quarter 2024 Charlotte 7.8% Nashville (1) Dallas 2.5% Atlanta 36.0% Tampa 8.9% Houston 4.1% Austin 32.8% Phoenix 7.9% (1) The Company owns 50% of Neuhoff, a mixed-use development in Nashville, through a joint venture. It has commenced initial operations but is not yet stabilized. See pa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11312 COUSINS PROPERTIES INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

ATLANTA, June 27, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it will release its second quarter 2024 earnings after the market closes on Thursday, July 25, 2024. Cousins will hold its second quarter 2024 earnings conference call on Friday, July 26, 2024 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 Second Quarter Conference Call" li ...

ATLANTA, June 18, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2024. The second quarter dividend will be payable on July 15, 2024 to common shareholders of record on July 3, 2024. About Cousins Properties 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 o ...