Cousins Pptys Inc Stock Price, News & Analysis

Cousins Properties (CUZ) released its year-end tax reporting information for 2021, detailing distribution classifications for common stock dividends. The total distributions per share totaled $1.23, with ordinary dividends of $1.23 and no capital gain distributions. Key record and paid dates include January 4, April 6, July 6, and October 5, 2021, with paid dates following shortly after each record date. Shareholders are advised to consult tax advisors for implications, as tax returns are pending. No material changes in taxable classifications are anticipated.

Cousins Properties (NYSE: CUZ) is set to release its fourth quarter 2021 earnings on February 3, 2022, after market close. A conference call will occur on February 4, 2022, at 10:00 a.m. ET, accessible via telephone at (877) 247-1056 or through a live webcast on the company's website. Playback of the call will be available from February 4, 2022, to February 11, 2022, at (877) 344-7529. Financial details will be posted on the investor relations page following the earnings announcement.

Cousins Properties (NYSE: CUZ) has announced two key strategic transactions in Downtown Austin on December 21, 2021. The company sold 816 Congress, a 435,000 square foot office building, for $174 million, currently 78% leased and set to drop to 60% leased in early 2023. Cousins also acquired the remaining 50% interest in 300 Colorado, a 369,000 square foot office building, for $162.5 million, currently 88% leased. The firm has invested over $1 billion in new developments and acquisitions while divesting $600 million in older assets, aiming to strengthen its portfolio.

Cousins Properties (NYSE: CUZ) announced two leases totaling 95,000 square feet at its 100 Mill office development in Downtown Tempe, achieving 80% pre-leased status before its 2022 delivery. Amazon expanded its lease by 63,000 square feet for its Phoenix Tech Hub, increasing its footprint to 158,000 square feet and creating 550 new jobs. LiveRamp signed a new 32,000 square foot lease for its entry into the Phoenix market, with plans for 100 new hires. The strong leasing activity reflects the appeal of Phoenix for growing technology companies.

Cousins Properties (NYSE: CUZ) announced a significant lease agreement with Amazon for its Domain 9 development in Austin, amounting to 330,000 square feet. This move means Amazon will occupy 100% of the new space in three phases starting Q1 2024. The Domain portfolio's occupancy stands at 99.7%, with plans for additional developments totaling at least 1.5 million square feet. CEO Colin Connolly highlighted the strong demand for office space in the area, affirming their growth strategy.

Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.31 per common share for the fourth quarter of 2021. This dividend will be payable on January 14, 2022, to shareholders on record as of January 5, 2022. The company is a self-managed REIT focused on Class A office buildings in high-growth Sun Belt markets. Founded in 1958, it aims to create shareholder value through development, acquisition, and management of quality real estate assets.

Cousins Properties (NYSE: CUZ) reports its third quarter results for 2021. The details can be accessed on their Investor Relations website. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time on October 29, 2021, with a replay available for seven days. Cousins Properties, based in Atlanta, GA, focuses on investing in Class A office buildings in high-growth Sun Belt markets, leveraging its expertise in real estate development and management.

Cousins Properties (NYSE: CUZ) has acquired Heights Union, a 294,000 square foot office property in Downtown Tampa, for $144.8 million. The property, completed in late 2020, is currently 93.4% leased, with life sciences companies accounting for 66% of the rent roll. Major tenants include Pfizer and Axogen, occupying 106,000 and 75,000 square feet respectively. This acquisition represents a strategic opportunity to enhance the company's portfolio in a vibrant, amenity-rich submarket, aligning with demand for quality office spaces.

Cousins Properties (CUZ) has scheduled the release of its third quarter 2021 earnings after market close on October 28, 2021. A conference call will follow on October 29, 2021, at 10:00 a.m. ET, accessible at (877) 247-1056. Playback of the call will be available until November 5, 2021. The financial report will be posted on the company's website after the earnings release. Cousins Properties focuses on Class A office buildings in high-growth Sun Belt markets, striving to create shareholder value through strategic investments.