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 has declared a cash dividend of $0.30 per common share for Q4 2020, payable on January 14, 2021, to shareholders of record by January 4, 2021. This distribution reflects the company's ongoing commitment to return value to shareholders while maintaining a strategic focus on high-quality real estate investments in growth markets across the Sun Belt. Cousins Properties operates as a self-administered and self-managed REIT, emphasizing trophy assets and opportunistic investments since its founding in 1958.
Cousins Properties (NYSE: CUZ) has completed two strategic transactions in Charlotte's South End submarket, enhancing its investment portfolio. On November 17, it purchased 3.4 acres for $28.1 million, planning a 600,000 to 700,000 square foot mixed-use development called South End Station. Additionally, on December 2, it acquired The RailYard, a 329,000 square foot office asset, for $201 million. Currently 97% leased, The RailYard hosts tenants like an Allstate tech center. These acquisitions align with Cousins' long-term growth strategy in the Sun Belt.
Cousins Properties (NYSE: CUZ) announced its third quarter 2020 results on October 28, 2020. Investors can access the detailed Earnings Release and Supplemental Information on the company’s website. A conference call to discuss these results is scheduled for 9:00 a.m. ET on October 29, 2020. Cousins Properties, based in Atlanta, operates as a real estate investment trust (REIT), focusing on Class A office towers in high-growth Sun Belt markets and aims to enhance shareholder value through strategic investments.
Cousins Properties (NYSE:CUZ) announced its third quarter 2020 earnings conference call will be held on Thursday, October 29, 2020, at 9:00 a.m. (Eastern Time), one hour earlier than originally scheduled. This adjustment aims to prevent conflicts with other office REIT earnings calls. Investors can join the call by dialing (877) 247-1056 or access a live webcast through the Company's website.
Founded in 1958, Cousins Properties primarily invests in Class A office towers in high-growth Sun Belt markets, creating shareholder value through strategic development and management.
Cousins Properties (NYSE: CUZ) has promoted Kennedy Hicks to Executive Vice President – Investments. Hicks joined the company in November 2018 and has since significantly contributed to its investment strategy, including a role as Managing Director for the Atlanta market. With previous experience at Eastdil Secured, where she oversaw over $22 billion in office transactions, Hicks is poised to enhance Cousins' investment activities across the Sun Belt. This leadership change signals a commitment to strong management as the company continues to focus on high-growth office markets.
Cousins Properties (CUZ) will release its third quarter 2020 earnings on October 28, 2020, after the market closes. A conference call will be held on October 29, 2020, at 10:00 a.m. ET, with access details provided. Playback will be available post-call until November 5, 2020. Financial results will be accessible on the company's website in the Investor Relations section shortly after the release. Cousins Properties focuses on high-quality real estate assets in the Sun Belt markets, offering a stable investment platform.
Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.30 per common share for the third quarter of 2020. This dividend is payable on October 15, 2020, to shareholders of record by October 5, 2020. Founded in 1958 and based in Atlanta, GA, Cousins Properties focuses on investing in Class A office towers in high-growth Sun Belt markets, utilizing extensive expertise in development, acquisition, leasing, and management to create shareholder value.
Cousins Properties (CUZ) announced a lease with Amazon for approximately 95,000 square feet at its 100 Mill development in downtown Tempe, Arizona, as part of Amazon's Phoenix Tech Hub expansion. The total cost for the development is projected to be $153 million, with initial occupancy expected in Q1 2022. The project, consisting of an 18-story office tower, is currently 44% pre-leased, featuring long-term commitments from both Amazon and Deloitte. Cousins holds a 90% interest in this joint venture.
Cousins Properties (NYSE: CUZ) announced its second quarter 2020 financial results on July 30, 2020. The company, a self-managed REIT based in Atlanta, primarily invests in Class A office towers in high-growth Sun Belt markets. Details regarding the earnings release and supplemental information can be accessed on their website. A conference call is scheduled for July 31, 2020, at 10:00 a.m. ET to discuss the results. The company focuses on creating shareholder value through strategic investments in high-quality real estate assets.
Cousins Properties (NYSE:CUZ) will release its Second Quarter 2020 earnings after market close on July 30, 2020. The earnings conference call is scheduled for July 31, 2020, at 10:00 a.m. ET with a playback available until August 7, 2020. Financial information will be posted on the Company's website following the earnings announcement. Cousins Properties specializes in Class A office towers in high-growth Sun Belt markets and aims to create shareholder value through strategic real estate investments.
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?
