Welcome to our dedicated page for Cousins Properties news (Ticker: CUZ), a resource for investors and traders seeking the latest updates and insights on Cousins Properties stock.
Cousins Properties Inc. (NYSE: CUZ) is a prominent real estate investment trust (REIT) based in Atlanta, GA. Founded in 1958, the company excels in the development, acquisition, financing, management, and leasing of high-quality real estate assets. With a diversified portfolio, Cousins Properties focuses prominently on Class A office buildings primarily located in high-growth Sun Belt markets.
Over its extensive history, Cousins has developed more than 20 million square feet of office space and an equal amount of retail space. The company’s real estate portfolio is mainly comprised of office and mixed-use developments, which include both apartments and retail spaces. Offices represent the majority of their square footage, contributing significantly to their revenue, which is primarily derived from rental income.
Cousins Properties is known for its innovative and sustainable developments and excellent management services. Their assets are concentrated in Texas and Georgia, with a smaller presence in North Carolina. The company's strategic investments aim to create and maintain value for shareholders, partners, and clients.
Recent updates include the release of their third quarter 2023 earnings and dividend declarations, emphasizing their ongoing financial health and commitment to shareholders. The company consistently updates its stakeholders through regular earnings conference calls and has made significant strides in maintaining and enhancing its portfolio’s value.
Cousins Properties operates through its fully integrated, self-administered, and self-managed structure, ensuring effective management of its business operations. With a strong emphasis on trophy assets and opportunistic investments, Cousins continues to grow and establish itself as a leader in the real estate sector.
Cousins Properties (NYSE: CUZ) has priced a public offering of 6,000,000 shares of common stock, expecting to raise gross proceeds of approximately $188 million before underwriting discounts and offering expenses. The offering, managed by BofA Securities as the sole book-running manager, is scheduled to close on November 12, 2024. The offering is being made through a prospectus supplement to the Company's prospectus dated May 8, 2024, under its effective shelf registration statement.
Cousins Properties has announced a public offering of 6,000,000 shares of common stock. The company plans to use the net proceeds to partially fund the purchase of an office property in Charlotte, North Carolina. If the acquisition doesn't materialize, the funds will be allocated to general corporate purposes, including office property acquisitions, development, opportunistic investments, and debt repayment. BofA Securities will act as the sole book-running manager for the offering.
Cousins Properties (NYSE: CUZ) has announced plans to acquire Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, for $328.5 million. The property consists of two office towers completed in 2021 and 2022, boasting a 97% occupancy rate and over nine-year weighted average lease term. Located in South End Charlotte, the property is situated near Cousins' existing RailYard property and South End Station development parcel. The transaction is expected to close in December, pending customary closing conditions.
Cousins Properties (NYSE: CUZ) announced the release of its third quarter 2024 financial results. The company will host a conference call on October 25, 2024 at 10:00 a.m. Eastern Time to discuss the results. Investors can access the earnings release and supplemental information through the company's website. A conference call replay will be available for seven days, and a webcast can be accessed through the Investor Relations section of the website.
Cousins Properties (NYSE:CUZ) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its Q3 2024 earnings after market close on Thursday, October 24, 2024. The earnings conference call is scheduled for Friday, October 25, 2024, at 10:00 a.m. Eastern Time.
Investors can access the live webcast through the company's website, www.cousins.com. A playback will be available shortly after the call until Friday, November 1, 2024. Financial information will be posted on the company's website promptly after the earnings release announcement, accessible through the 'Featured Reports,' 'SEC Filings,' and 'Supplemental Information' sections on the Investor Relations page.
Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.32 per common share for the third quarter of 2024. The dividend will be paid on October 15, 2024 to shareholders of record as of October 3, 2024. This announcement demonstrates Cousins Properties' commitment to returning value to its shareholders through regular dividend payments. The consistency in dividend distribution can be seen as a positive signal for investors, potentially indicating the company's financial stability and confidence in its future performance.
Cousins Properties (NYSE: CUZ) has announced a significant lease agreement at The Domain in Austin. A Fortune 100 technology company has signed a 320,000 square foot lease for the entire Domain 12 property. This new tenant will take over the existing lease from Meta Platforms and extend the lease maturity from 2031 to 2040, effective January 1, 2026.
Domain 12, completed in 2020, is a lifestyle office property featuring amenities such as a café, outdoor terraces, fitness center, and bike storage. It's strategically located near The Domain's main dining and entertainment district. Notably, Cousins' Domain portfolio, totaling 2.5 million square feet, is currently over 99% leased.
Cousins Properties Incorporated (NYSE:CUZ) has announced that its operating partnership, Cousins Properties LP, 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 customary closing conditions.
The company intends to use the net proceeds to repay revolving loans outstanding under its credit facility, with any remaining amount being used for working capital, capital expenditures, and other general corporate purposes, including potential repayment of other outstanding indebtedness. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Cousins Properties Incorporated.
Town Lane and Cousins Properties (NYSE: CUZ) have jointly acquired Proscenium, a 526,000 square foot Class A office building in Midtown Atlanta, for approximately $83 million. The acquisition was made through a newly formed joint venture, with Town Lane owning 80% and Cousins owning 20%. Cousins will manage and lease the property.
The building, currently 74% leased, is located at the intersection of 14th and Peachtree streets. The new ownership plans significant capital upgrades to modernize and reposition the building. Both companies expressed enthusiasm for the Midtown Atlanta market and the potential to deliver a first-class office experience.
Cousins Properties (NYSE: CUZ) has announced the release of its second quarter 2024 financial results. The company will host a conference call on Friday, July 26, 2024, at 10:00 a.m. Eastern Time to discuss the results. Investors can access the Earnings Release and Supplemental Information on the company's website in the Investor Relations section. For those unable to attend the live call, a replay will be available for seven days. Additionally, a webcast of the conference call can be accessed through the dedicated link on the Cousins Properties website.
FAQ
What is the current stock price of Cousins Properties (CUZ)?
What is the market cap of Cousins Properties (CUZ)?
What is Cousins Properties Inc.?
Where is Cousins Properties Inc. headquartered?
What type of properties does Cousins Properties Inc. focus on?
How does Cousins Properties generate revenue?
In which regions does Cousins Properties have a significant presence?
When was Cousins Properties founded?
What recent achievements has Cousins Properties announced?
Is Cousins Properties self-managed?
What are some key features of Cousins Properties' strategy?
How can investors get updates about Cousins Properties?
