Cousins Properties Inc. (CUZ) news stock charts
Cousins Properties Inc. (CUZ) Investment Summary:
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.www.cousinsproperties.com
Founded in 1958
COUSINS PROPERTIES INC (CUZ:NYSE)
LAST $8.00 USD
CHANGE TODAY -0.09 -1.11%
VOLUME 1.0M
As of 8:04 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of COUSINS PROPERTIES INC (CUZ)
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OPEN
$8.16
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PREVIOUS CLOSE
$8.09
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DAY HIGH
$8.16
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DAY LOW
$7.91
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52 WEEK HIGH
08/7/09 - $10.78
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52 WEEK LOW
03/31/09 - $5.70
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MARKET CAP
835.5M
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AVERAGE VOLUME 10 D
774.5K
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EPS TTM
$2.71
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SHARES OUTSTANDING
104.4M
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EX-DATE
01/28/10
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P/E TTM
3.0x
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DIVIDEND
$0.14
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DIVIDEND YIELD
2.61%
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| K = Thousands M = Millions B = Billions | ||
related news
BRIEF: Building owner countersues Cousins [The Atlanta Journal-Constitution]
The McClatchy Company - 03/19/2010 4:33 PM ET
CUZ: Upgraded - JAGNote by Stifel Nicolaus
JAG Media - 03/17/2010 8:22 AM ET
Key developments for COUSINS PROPERTIES INC (CUZ)
Cousins Properties Inc. expected to Report Q1 2010 Results on May 10, 2010. This event was calculated by Capital IQ (Created on March 19, 2010).
03/19/2010
Cousins Properties Inc. expected to Report Q1 2010 Results on May 10, 2010. This event was calculated by Capital IQ (Created on March 19, 2010).
Cousins Properties Announces Results of First Quarter Dividend Elections
03/11/2010
Cousins Properties Incorporated announced the results of the shareholders' elections relating to Cousins' first quarter common stock dividend of $0.09 per share declared by its Board of Directors on January 15, 2010. The dividend will consist of approximately $2,997,000 in cash and 820 000 shares of common stock. The amount of cash elected to be received was greater than the cash limit of 33.34% of the total value of the dividend or approximately $2,997,000, and therefore, shareholders who elected to receive all cash will receive a combination of cash and stock. The number of shares included in the dividend is calculated based on the $7.30 average closing price per share of Cousins' common stock on the New York Stock Exchange on March 3, March 4 and March 5, 2010. The dividend of $0.09 per share will be paid as follows: to shareholders electing to receive the dividend in all stock, Cousins will pay the entire dividend in common stock; to shareholders either electing to receive the dividend in all cash or failing to make an election, Cousins will pay the dividend in the form of $0.034663 per share in cash and $0.055337 per share in common stock; and Cousins will pay fractional shares in cash.
Cousins Properties Inc. Enter into First Amendment of its Amended and Restated Credit Agreement with Bank of America
02/25/2010
On February 19, 2010, Cousins Properties Inc. entered into a first amendment of its amended and restated credit agreement with Bank of America and the other participating banks. The Amendment reduced the amount available under the Credit Facility from $500 million to $250 million. The amount available under the Term Facility remained at $100 million. If and when the Term Facility is paid down, the availability under the Credit Facility will increase correspondingly, to allow a total amount available under the combined Facilities of $350 million. The maturity dates for both Facilities remain the same. Amounts outstanding under the Facilities accrue interest at LIBOR plus a spread based on Leverage Ratio.
Cousins Properties Inc. financial resources
CUZ Competitors
| Company | Last | Change |
| Brandywine Realty Trust | $12.30 USD | -0.11 |
| Highwoods Properties Inc | $31.52 USD | -0.23 |
| Kilroy Realty Corp | $31.23 USD | -0.42 |
| Lexington Realty Trust | $6.90 USD | -0.10 |
| Maguire Properties Inc | $2.66 USD | +0.03 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CUZ | Industry Range |
| Price/Earnings | 36.8x |
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| Price/Sales | 3.5x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 9.6x |
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| TEV/Sales | NM | Not Meaningful |
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CUZ |
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CUZ transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Cousins Properties Inc.
Cousins CEO’s total compensation up
2010-03-18 01:55:56
Quote: Cousins Properties Inc. President and CEO Larry L. Gellerstedt III saw his total compensation rise about 15 percent in 2009.Gellerstedt, who was promoted from chief operating officer to CEO in July 2009, was awarded a total compensation package worth $677,365, according to a proxy filing with the Securities and Exchange Commission. The compensation package included a $432,565 salary (up from $350,000 in 2008), $124,565 in stock awards, $107,295 in option awards and a $12,250 retirement saving co...Read article
Season for CEO Reckoning
2010-03-18 01:55:54
Quote: and still serves on the boards of Cousins Properties Inc. and Morgan Stanley.
"We've seen abuses of pay stepping up, rather than down in the bailout era," Ms. Minow added.
The failure of corporate governance in the financial crisis seems to have taken a backseat to more structural issues such as mortgage origination, risk-taking by banks and accounting standards. They're important. But the work of the compensation committees and company boards are just as, if not more, vital when it comes to com...Read article
Cousins Properties Announces Results of First Quarter Dividend Elections
2010-03-12 03:02:20
Quote: If your shares are held through a bank, broker ornominee and you have questions regarding the dividend election, pleasecontact your bank, broker or nominee.The issuance of approximately 820,000 shares of Cousins’ common stockpursuant to this dividend resulted in an effective increase of 0.0082%in shares of common stock outstanding on the record date of February 1,2010.About Cousins PropertiesNew York Stock Exchangewww.cousinsproperties.com.This press release does not constitute an offer o...Read article
COUSINS PROPERTIES INC Files SEC form 8-K, Other Events
2010-03-12 03:02:19
Quote: Item 8.01.Other Events.
On March 11, 2010 Cousins Properties Incorporated (the "Company") issued a
press release relating to the dividend to be paid on March 15, 2010 to the
holders of record of the Company's common stock as of the close of business on
February 1, 2010. A copy of the press release is attached to this Current Report
on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is fil...Read article
Tom Cousins gets Lifetime Achievement honor
2010-03-04 04:49:49
Quote: Cousins was a driving force in Atlanta’s early sports landscape and is credited with creating a sustainable development model using golf as a driving force in revitalization of Atlanta’s East Lake neighborhood, the Atlanta Sports Council said.Cousins joins past Lifetime Achievement Award recipients Hank Aaron (2006), Vince Dooley (2007), Billy Payne (2008) and Ted Turner (2009).Cousins founded Cousins Properties Inc. (NYSE: CUZ) in 1958, and is now the chairman emeritus. Cousins Prop...Read article
Cousins to Present at Citi 2010 Global Property CEO Conference
2010-03-03 03:03:45
Quote: Press ReleaseSource: Cousins Properties IncorporatedOn Monday March 1, 2010, 10:00 am ESTATLANTA--(BUSINESS WIRE)--Cousins Properties Incorporated (NYSE:- Cousins Properties Incorporated is a leading diversified real estatecompany with extensive experience in development, acquisition,financing, management and leasing. Based in Atlanta, the Companyactively invests in office, multi-family, retail, and land developmentprojects. Since its founding in 1958, Cousins has developed 20 millionsquare feet...Read article
Cousins to Present at Citi 2010 Global Property CEO Conference
2010-03-02 04:53:38
Quote: Press ReleaseSource: Cousins Properties IncorporatedOn Monday March 1, 2010, 10:00 am ESTATLANTA--(BUSINESS WIRE)--Cousins Properties Incorporated (NYSE:- Cousins Properties Incorporated is a leading diversified real estatecompany with extensive experience in development, acquisition,financing, management and leasing. Based in Atlanta, the Companyactively invests in office, multi-family, retail, and land developmentprojects. Since its founding in 1958, Cousins has developed 20 millionsquare feet...Read article
COUSINS PROPERTIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement
2010-02-26 07:38:59
Quote: Item 1.01Entry into a Material Definitive Agreement
On February 19, 2010, Cousins Properties Incorporated (the "Company") entered
into a First Amendment (the "Amendment") of its Amended and Restated Credit
Agreement with Bank of America and the other participating banks. The Amendment
reduced the amount available under the Credit Facility from $500 million to
$250 million. The amount available under the Term Facility remained at
$100 million. If and when the Term Facility is...Read article
Cousins Properties Reports Results for Quarter and Year Ended December 31, 2009
2010-02-19 02:29:53
Quote: Read article
Palisades complex 94% leased after massive lease
2010-02-15 07:26:40
Quote: This is likely one of the biggest deals in Austin in at least 12 or 14 months,” said Tim Hendricks, (NYSE: CUZ) senior vice president for the office’s developer Cousins Properties Inc.The Minnesota-based health care company will take a large chunk of the complex’s 150,000 square foot Building II. St. Jude already occupies 60,000 square feet in Austin at the Las Cimas office on Loop 360.The Palisades property has just 22,000 square feet left, which Hendricks said will likely be ...Read article
COUSINS PROPERTIES INC Files SEC form 8-K, Other Events
2010-02-10 07:25:04
Quote: Other Events.
As previously announced, the Board of Directors of Cousins Properties
Incorporated (the "Company") declared a dividend payable to holders of record of
the Company's common stock as of the close of business on February 1, 2010.
Shareholders will have the option to elect to receive payment of the dividend in
cash or shares of the Company's common stock, subject to certain limitations.
The Company has filed with the Securities and Exchange Commission a
prospectus suppleme...Read article
Cousins profit up 18 percent 2009
2010-02-10 07:25:03
Quote: Cousins Properties Inc. overcame more than $140 million in impairment charges to grow its profit by 18.5 percent in 2009.The Atlanta-based real estate investment trust had net income of $29.5 million and earnings of 22 cents a share, compared with net income of $24.9 million and earnings of 15 cents a share in 2008.The company realized $168.6 million in gains from the sale of investment properties in 2009, compared with a gain of $10.8 million in 2008.However, Cousins (NYSE: CUZ) also recorded $...Read article
Q4 2009 Cousins Properties Incorporated Earnings Release - After Market Close
2010-02-09 07:24:26
Quote: Read article
Cousins Properties Reports Results for Quarter and Year Ended December 31, 2009
2010-02-09 07:24:25
Quote: Read article
COUSINS PROPERTIES INC Files SEC form 8-K, Results of Operations and Financial Condition
2010-02-09 07:24:24
Quote: Results of Operations and Financial Condition
On February 8, 2010, Cousins Properties Incorporated (the "Company") issued a
Quarterly Information Package containing a press release and information about
the Company's financial condition and results of operations for the three months
and year ended December 31, 2009. A copy of the Company's Quarterly Information
Package is attached hereto as Exhibit 99.1. The information contained in this
Current Report on Form 8-K, including Exhibit ...Read article
Cox announces HQ expansion
2010-01-29 04:38:13
Quote: We’re excited to further develop our Central Park campus to meet their specific needs.”Real estate giant CB Richard Ellis is serving as an adviser on the project, and Atlanta-based Cousins Properties Inc. is slated to be the developer, Cox Enterprises said in a statement.HGOR principal Bob Hughes and a team from Duda/Paine Architects have been enlisted for design, Cox said.Completion of the office complex is expected in 2012.Cox Communications, the cable and Internet service subsidia...Read article
Cousins Properties Declares First Quarter Common and Preferred Stock Dividends
2010-01-26 01:35:40
Quote: Read article
COUSINS PROPERTIES INC Files SEC form 8-K, Other Events
2010-01-19 03:42:53
Quote: Other Events.
On January 15, 2010, the Board of Directors of Cousins Properties
Incorporated (the "Company") declared a dividend payable to holders of the
Company's common stock of $0.09 per share. The dividend is payable to
shareholders of record as of the close of business on February 1, 2010, and it
is expected to be paid on March 15, 2010. Shareholders will have the option to
elect to receive payment of the dividend in cash or shares, except that the
aggregate amount of cash paya...Read article
Cousins Properties Declares First Quarter Common and Preferred Stock Dividends
2010-01-19 03:42:53
Quote: Read article
Cousins Properties Announces Results of Fourth Quarter Dividend Elections
2010-01-15 02:38:41
Quote: Share and per share information will be adjusted in subsequentfinancial information, beginning with Cousins’ year end earningsrelease, to reflect this increase in shares of common stock.About Cousins Propertieswww.cousinsproperties.com.This press release does not constitute an offer of any securities forsale.Certain matters discussed in this press release areforward-looking statements within the meaning of the federal securitieslaws and are subject to uncertainties and risk and actual res...Read article
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