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Last $10.60 USD
Change Today -0.27 / -2.48%
Volume 2.1M
CUZ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

cousins properties inc (CUZ) Snapshot

Open
$10.85
Previous Close
$10.87
Day High
$10.85
Day Low
$10.52
52 Week High
09/8/14 - $13.30
52 Week Low
03/10/15 - $10.01
Market Cap
2.3B
Average Volume 10 Days
1.3M
EPS TTM
$0.12
Shares Outstanding
220.1M
EX-Date
02/4/15
P/E TM
90.2x
Dividend
$0.32
Dividend Yield
2.88%
Current Stock Chart for COUSINS PROPERTIES INC (CUZ)

cousins properties inc (CUZ) Related Businessweek News

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cousins properties inc (CUZ) Details

Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. The company operates through four divisions: Office/Multi-Family, Retail, Industrial, and Land. The Office/Multi-Family division develops and manages office projects primarily in Austin, Dallas, Charlotte, Birmingham, and Atlanta; develops and sells multi-family projects in urban locations in the southeastern United States; and manages and leases office properties owned by third parties. It also develops mixed use projects that contain multiple product types in communities where individuals live, work, and seek entertainment. As of December 31, 2006, this division owned interests in 20 operating office properties; and had 5 office or multi-family projects under development or redevelopment. The Retail division develops and manages retail shopping centers principally in Georgia, Tennessee, North Carolina, Texas, and Florida. As of the above date, this division owned 10 operating retail properties; and had 3 projects and 1 expansion under development. The Industrial division develops institutional warehouse and distribution properties in the metropolitan Atlanta area and the Dallas market. As of December 31, 2006, this division owned one operating industrial property and three projects under development. The Land division engages in the acquisition and entitlement of land, the development and sale of residential lots, and the acquisition and sale of certain undeveloped tracts of land to third parties. As of the above date, this division had 24 residential communities under development. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Cousins Properties was founded in 1958 and is based in Atlanta, Georgia.

257 Employees
Last Reported Date: 02/12/15
Founded in 1958

cousins properties inc (CUZ) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $390.0K
Executive Vice President
Total Annual Compensation: $341.5K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $325.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

cousins properties inc (CUZ) Key Developments

Cousins Properties Announces 216,000 Square Feet of New Leasing Activity in Houston, Texas

Cousins Properties Incorporated announced that it has signed two large lease extensions in Houston, Texas totaling approximately 216,000 square feet with Direct Energy and Cox Radio. Direct Energy currently occupies a total of 228,159 square feet of space at Greenway Plaza. 173,760 square feet was set to expire May 2017 and 54,399 square feet was set to expire January 2019. This extension reduces their total lease to 191,893 square feet and extends their maturity to May 2023. Cox Radio Inc., a customer at Post Oak Central since 2000, currently occupies 23,864 square feet of space. This extension maintains the same square footage and extends their maturity from September 2015 to March 2021.

Cousins Properties Mulls Acquisitions

Cousins Properties Incorporated (NYSE:CUZ) intends to pursue acquisitions. "We look to replenish and potentially expand our development pipeline with asset pricing in our targeted submarkets at or above replacement cost and operating fundamental stabilized, acquisitions are less compelling today. Conversely, those same dynamics create interesting development opportunities," Larry Gellerstedt, Chief Executive Officer, said.

Cousins Properties Incorporated Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides FFO Per Share Guidance for the Year Ending December 31, 2015

Cousins Properties Incorporated announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s net income available to common stockholders was $23,218,000 or $0.11 per basic and diluted share compared with $2,121,000 or $0.01 per basic and diluted share a year ago. Revenues were $106,055,000 against $79,520,000 a year ago. Income from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties was $6,973,000 against loss from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties of $867,000 a year ago. Income from continuing operations was $23,864,000 against $550,000 a year ago. FFO available to common stockholders was $51,560,000 or $0.24 per basic and diluted share compared with $34,289,000 or $0.18 per basic and diluted share a year ago. For the year, the company’s net income available to common stockholders was $45,519,000 or $0.22 per basic and diluted share compared with $109,097,000 or $0.76 per basic and diluted share a year ago. Revenues were $361,383,000 against $210,741,000 a year ago. Income from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties was $8,026,000 against loss from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties of $16,595,000 a year ago. Income from continuing operations was $31,850,000 against $112,041,000 a year ago. FFO available to common stockholders was $165,204,000 or $0.81 per basic and diluted share compared with $77,134,000 or $0.53 per basic and diluted share a year ago. For the year ending December 31, 2015, the company expects to report FFO in the range of $0.81 per share to $0.85 per share.

 

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Industry Analysis

CUZ

Industry Average

Valuation CUZ Industry Range
Price/Earnings 91.2x
Price/Sales 6.5x
Price/Book 1.4x
Price/Cash Flow 12.5x
TEV/Sales -- Not Meaningful
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