Cousins Properties Announces 2024 Tax Reporting Information

Rhea-AI Summary

Cousins Properties (NYSE:CUZ) has released its 2024 tax reporting information for distributions. The company paid quarterly dividends of $0.320 per share throughout 2024, with payments made in January, April, July, and October. Each distribution consisted of $0.251855 in ordinary dividends and $0.068145 in nondividend distributions.

The ordinary dividends qualify as 'qualified REIT dividends' under section 199A of the Internal Revenue Code. For foreign shareholders, 0% of the amounts is considered section 897 gain attributable to disposition of U.S. real property interests.

Positive

• Consistent quarterly dividend payments of $0.320 per share maintained throughout 2024
• 100% of ordinary dividends qualify as 'qualified REIT dividends' under section 199A

Negative

• None.

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ATLANTA, Jan. 21, 2025 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today the year-end tax reporting information for its 2024 distributions. For the tax year ended December 31, 2024, distributions for Cousins' common stock are classified as follows:

Record Date	Paid Date	Total Distributions Per Share	Ordinary Dividends (1) (2)	Nondividend Distributions
1/4/2024	1/16/2024	$0.320000	$0.251855	$0.068145
4/4/2024	4/15/2024	$0.320000	$0.251855	$0.068145
7/3/2024	7/15/2024	$0.320000	$0.251855	$0.068145
10/3/2024	10/15/2024	$0.320000	$0.251855	$0.068145

¹ 0% of the amounts is section 897 gain attributable to disposition of U.S. real property interests for foreign shareholders.
² 100% of the amounts included in Ordinary Dividends is treated as "qualified REIT dividends" for purposes of section 199A of the Internal Revenue Code.

This release has been prepared with the information available to date because the Company's tax returns have not yet been filed. The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances. Stockholders are thus encouraged to consult with their tax advisors as to the U.S. federal, state, local, and non-U.S. tax treatment of these distributions. No material change in the taxable classifications is expected.

About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com

View original content:https://www.prnewswire.com/news-releases/cousins-properties-announces-2024-tax-reporting-information-302356203.html

SOURCE Cousins Properties

FAQ

What was Cousins Properties (CUZ) total dividend distribution per share for 2024?

Cousins Properties' total dividend distribution for 2024 was $1.28 per share, paid in four quarterly installments of $0.320 each.

How much of CUZ's 2024 quarterly distributions were classified as ordinary dividends?

$0.251855 of each quarterly distribution was classified as ordinary dividends.

What portion of CUZ's 2024 distributions qualified as nondividend distributions?

$0.068145 of each quarterly distribution was classified as nondividend distributions.

Do Cousins Properties' (CUZ) 2024 ordinary dividends qualify for section 199A treatment?

Yes, 100% of the ordinary dividends qualify as 'qualified REIT dividends' under section 199A of the Internal Revenue Code.

What were the payment dates for CUZ's quarterly dividends in 2024?

The dividends were paid on January 16, April 15, July 15, and October 15, 2024.