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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