Saturday, November 1, 2014

Cousins Properties Reports Third Quarter 2014 Results


Larry Gellerstedt
ATLANTA -- Cousins Properties Incorporated (NYSE:CUZ):

Highlights

·        Funds From Operations for the third quarter was $0.20 per share.
·        Same property net operating income for the third quarter on a cash basis was up 12.8% over the prior year, and on a GAAP basis was up 3.6% over the prior year.
·        Issued 18 million shares of common stock for net proceeds of $223.4 million.
·        Acquired Fifth Third Center in Charlotte, North Carolina for $215 million.
·        Subsequent to quarter end, acquired Northpark Town Center in Atlanta, Georgia for $348 million.
·        Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter ended September 30, 2014.

"We continue to string together very solid quarters, driven by continued progress with the implementation of our strategic plan combined with improving office fundamentals in our Sunbelt markets," said Larry Gellerstedt, President and Chief Executive Officer of Cousins.

 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

Marli Quesinberry, 404-407-1898
Director, Investor Relations and
Corporate Communications

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