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| 816 Congress, Austin, TX |
ATLANTA-- Cousins Properties Incorporated (NYSE:CUZ) today
reported its results of operations for the quarter ended June 30, 2013
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| Larry Gellerstedt |
Highlights:
Funds From Operations for the quarter was $0.12 per share,
$0.14 per share before preferred stock redemption charges.
- Same property net operating income for the quarter increased 4.7% over prior year.
- Leased or renewed 413,000 square feet of office and retail space.
- Acquired 816 Congress, a 435,000-square-foot Class-A office tower in downtown Austin, Texas.
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| Colorado Tower rendering Austin, TX |
Commenced construction of Colorado Tower, a
371,000-square-foot Class-A office tower in downtown Austin, Texas.
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“It was another solid quarter, highlighted by the 816
Congress acquisition and the commencement of Colorado Tower in Austin,” said Larry
Gellerstedt, President and Chief Executive Officer of Cousins.
“We were also pleased with our leasing progress,
particularly at Promenade and 2100 Ross, where our re-positioning efforts
continue to drive results.”
For a complete copy of the company’s news release, please
contact:
Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Vice President of Investor Relations and Corporate
Communications
Gregg D. Adzema, 404-407-1116
Executive Vice President and Chief Financial Officer
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