Cousins Properties Announces 2022 Tax Reporting Information

Rhea-AI Summary

Cousins Properties (NYSE:CUZ) announced year-end tax reporting information for 2022 distributions. For the tax year ending December 31, 2022, distributions for common stock are detailed in a table with record dates, paid dates, and amounts. Notably, ordinary dividends totaled $0.310000 on January 5, 2022, and were $0.320000 on April 5, July 6, and October 5, 2022. Capital gain distributions were also reported, with specific amounts outlined. Stockholders are advised to consult tax advisors for implications based on individual circumstances, as no significant changes in tax classifications are expected.

Positive

• 2022 ordinary dividends included $0.310000 per share in January and $0.320000 per share in subsequent quarters.
• Cousins Properties operates as a self-administered REIT, indicating stable management structure.

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• None.

ATLANTA, Jan. 17, 2023 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today the year-end tax reporting information for its 2022 distributions.  For the tax year ended December 31, 2022, distributions for Cousins' common stock are classified as follows:

Record Date	Paid Date	Total Distributions Per Share	Ordinary Dividends (1) (2)	Capital Gain Distributions (1) (3)	Unrecaptured Section 1250 Gain (4)
1/5/2022	1/14/2022	$0.310000	$0.310000	$0.000000	$0.000000
4/5/2022	4/14/2022	$0.320000	$0.289986	$0.030014	$0.000000
7/6/2022	7/15/2022	$0.320000	$0.000000	$0.320000	$0.040508
10/5/2022	10/14/2022	$0.320000	$0.280802	$0.039198	$0.004962
1 0% of the amounts is section 897 gain attributable to disposition of U.S. real property interests for foreign shareholders.
2 100% of the amounts included in Ordinary Dividends is treated as "qualified REIT dividends" for purposes of section 199A of the Internal Revenue Code.
3 100% of the amounts included in Capital Gain Distributions is One Year Disclosure Amounts and Three Year Disclosure Amounts for purposes of section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests".
4  Represents unrecaptured section 1250 gain included in capital gain distributions.

This release has been prepared with the information available to date because the Company's tax returns have not yet been filed.  The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances.  Stockholders are thus encouraged to consult with their tax advisors as to the U.S. federal, state, local, and non-U.S. tax treatment of these distributions.  No material change in the taxable classifications is expected. 

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, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com

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SOURCE Cousins Properties

FAQ

What are the tax reporting details for Cousins Properties for 2022?

Cousins Properties announced distributions for the year ended December 31, 2022, including ordinary dividends and capital gain distributions.

How much were the ordinary dividends for Cousins Properties in 2022?

Ordinary dividends in 2022 included $0.310000 per share in January and $0.320000 per share in subsequent quarters.

What should stockholders know about Cousins Properties' 2022 distributions?

Stockholders are encouraged to consult tax advisors regarding the U.S. federal, state, and local tax treatment of distributions.

When were Cousins Properties' distributions paid in 2022?

Distributions were paid on January 14, April 14, July 15, and October 14, 2022.