Tuesday, October 30, 2012

Cousins Reports Results for the Third Quarter of 2012



Larry Gellerstedt

 ATLANTA--Cousins Properties Incorporated (NYSE:CUZ):
 Highlights

  • Funds From Operations was $0.25 per share, adjusting for special items FFO was $0.15 per share.
  • Completed the sale of Cousins Properties Services for a gain of $7.4 million.
  • Acquired 2100 Ross Avenue in Dallas, Texas.
  • Commenced operations at Emory Point in Atlanta, Georgia and Mahan Village in Tallahassee, Florida.
  • Same property net operating income increased 4.1% for the first nine months of 2012.
  • Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter ended September 30, 2012.
 “It was an active and productive third quarter, with the execution of several encouraging transactions and another solid performance for the core operating portfolio,” said Larry Gellerstedt, CEO of Cousins. “We remain focused on simplifying the platform, leasing vacant space, and sourcing additional investment opportunities.”

For a complete copy of the company’s news release, please contact:

Cousins Properties Incorporated
Gregg D. Adzema, 404-407-1116
Executive Vice President and Chief Financial Officer
or
Cameron Golden, 404-407-1984
Vice President, Investor Relations and
Corporate Communications



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