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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 promoted Kennedy Hicks to Chief Investment Officer, effective immediately. Hicks, who joined the company in 2018, has been instrumental in strategic investment activities and will oversee acquisitions and dispositions. Colin Connolly, CEO, praised her contributions to the firm’s growth in Sun Belt markets. Prior to Cousins, Hicks was a Managing Director at Eastdil Secured, focusing on equity sales for office properties. Cousins Properties specializes in Class A office buildings and aims to enhance shareholder value through its investment strategies.
Cousins Properties (NYSE: CUZ) has secured an early lease renewal and expansion with Apache Corporation, encompassing 328,000 square feet at Briarlake Plaza in Houston. This lease includes Apache's global headquarters with a new expiration date set for 2038, replacing the current lease of 210,000 square feet expiring in late 2024. Apache plans to occupy its expanded space by early 2024, highlighting the facility's modern amenities designed for employee collaboration and enhanced work experience.
Cousins Properties (NYSE: CUZ) announced its third quarter 2022 results on October 27, 2022. The company is a self-managed REIT based in Atlanta, focusing on Class A office buildings in high-growth Sun Belt markets. Market participants can access detailed financial information through the company’s Investor Relations section on its website. A conference call to discuss these results is scheduled for October 28, 2022, at 11:00 a.m. ET. The company aims to create shareholder value through strategic asset management and opportunistic investments.
Cousins Properties (NYSE:CUZ) is scheduled to announce its third quarter 2022 earnings after market close on October 27, 2022. An earnings conference call will follow on October 28, 2022, at 11:00 a.m. ET, with participation available via (877) 247-1056 and a live webcast on their website. Playback will be available post-call until November 4, 2022, using the number (877) 344-7529. Financial details will be accessible on the Company's Investor Relations page after the announcement.
Cousins Properties (NYSE: CUZ) declared a cash dividend of $0.32 per common share for the third quarter of 2022. This dividend will be payable on October 14, 2022 to shareholders on record as of October 5, 2022. The company, focused on high-growth Sun Belt markets, is committed to creating shareholder value through expert management and strategic investments in Class A office buildings.
Cousins Properties (NYSE: CUZ) announced its second quarter 2022 results on July 28, 2022. The company, known for investing in Class A office buildings in high-growth Sun Belt markets, encourages stakeholders to access the full earnings release and supplemental information on its website. A conference call to discuss the results is scheduled for 11:00 a.m. (ET) on July 29, 2022, with a replay available for a week. Cousins Properties, founded in 1958, is a self-managed REIT focused on creating shareholder value through strategic real estate investments.
Cousins Properties (NYSE: CUZ) will release its second quarter 2022 earnings after market close on July 28, 2022. A conference call is scheduled for July 29, 2022, at 11:00 a.m. (ET), with call-in details available. The playback will be accessible shortly after the call until August 5, 2022. Financial results will be posted on the company's website in the 'Featured Reports' section and also available through SEC filings. Cousins Properties is a real estate investment trust focusing on Class A office buildings in high-growth markets.
Cousins Properties (NYSE: CUZ) declared a cash dividend of $0.32 per common share for Q2 2022. This dividend will be payable on July 15, 2022, to shareholders on record as of July 6, 2022. The company, based in Atlanta, GA, focuses on investing in Class A office buildings in high-growth Sun Belt markets. With a strategy centered on trophy assets and opportunistic investments, Cousins aims to create significant shareholder value.
Cousins Properties (NYSE: CUZ) has secured a new five-year, $1 billion unsecured credit facility, replacing its previous facility set to mature in January 2023. The updated facility maintains similar financial covenants and improves the borrowing spread by 5 to 15 basis points. The current spread is 90 basis points over adjusted SOFR. CEO Colin Connolly emphasized this facility enhances liquidity and financial flexibility, supporting their strategy in the Sun Belt trophy office market.
Cousins Properties (NYSE: CUZ) announced its first-quarter results for 2022, emphasizing its focus on high-growth Sun Belt markets for Class A office buildings. The company will hold a conference call on April 29, 2022, at 10:00 a.m. ET to discuss its earnings. Investors can access detailed financial reports, including the Earnings Release, Supplemental Information, and Form 10-Q, on the company’s website. As a self-administered and managed real estate investment trust (REIT), Cousins strives to enhance shareholder value through strategic investments and expert management.
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