CUZ Cousins Properties Inc. featured news, full reports, and detailed charts
Cousins Properties Inc. (CUZ) Wrap Up:
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.Cousins Properties Inc. (CUZ:NYSE)
Snapshot of Cousins Properties Inc. (CUZ)
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OPEN
$6.90
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PREVIOUS CLOSE
$6.95
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DAY HIGH
$7.12
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DAY LOW
$6.86
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52 WEEK HIGH
12/18/08 - $14.82
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52 WEEK LOW
03/6/09 - $5.63
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MARKET CAP
702.7M
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AVERAGE VOLUME 3 mo
729.2K
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DILUTED EPS TTM
$0.44
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SHARES OUTSTANDING
99.0M
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EX-DATE
10/22/09
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P/E TTM
16.3x
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DIVIDEND
$0.12
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DIVIDEND YIELD
1.68%
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| K = Thousands M = Millions B = Billions | ||
CUZ Top Compensated Officers
Executives, Board Directors
Key developments for Cousins Properties Inc. (CUZ)
Cousins Properties Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
Cousins Properties Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss from continuing operations of $53.339 million or $0.95 per diluted share, net loss available to common stockholders of $57.088 million or $0.95 per diluted share on revenue of $59.195 million compared to the income from continuing operations of $11.987 million or $0.13 per diluted share, net loss available to common stockholders of $6.978 million or $0.13 per diluted share on revenue of $70.270 million for the same period a year ago. The company reported negative FFO available to common stockholders of $41.935 million or $0.70 per diluted share compared to the FFO available to common stockholders of $20.931 million or $0.39 per diluted share for the same period a year ago. For nine months, the company reported income from continuing operations of $33.344 million or $0.40 per diluted share, net loss available to common stockholders of $22.170 million or $0.40 per diluted share on revenue of $159.347 million compared to the income from continuing operations of $26.032 million or $0.24 per diluted share, net loss available to common stockholders of $11.728 million or $0.22 per diluted share on revenue of $161.936 million for the same period a year ago. The company reported negative FFO available to common stockholders of $99.276 million or $1.79 per diluted share compared to the FFO available to common stockholders of $50.862 million or $0.95 per diluted share for the same period a year ago. The Company recorded $48.5 million of non-cash impairment charges during the third quarter of 2009. These charges consisted of the following: impairment charge on investment in Terminus 200, LLC of $38.9 million, impairment charge on investment in Glenmore Garden Villas LLC of $4.9 million, impairment charge on airplane of $4.0 million, company share of impairment charge on property owned by Temco Associates LLC of $631,000.
Cousins Properties Inc. announced that its Board of Directors has declared a quarterly dividend of $0.09 per share, payable December 11, 2009, to common stockholders of record as of October 26, 2009. The dividend will be payable in a combination of cash and shares of the Company's common stock with the cash component of the dividend not to exceed 33.34% of the aggregate dividend amount. The company expects the dividend to be fully taxable to its shareholders and reserves the right to pay the dividend entirely in cash. The Board of Directors declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable November 16, 2009, to Series A preferred stockholders of record on November 2, 2009. The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable November 16, 2009, to Series B preferred stockholders of record on November 2, 2009.
CUZ Competitors
| Company | Last | Change |
| Brandywine Realty Trust | $9.98 USD | -0.21 |
| Douglas Emmett Inc | $13.41 USD | -0.01 |
| Kilroy Realty Corp | $30.20 USD | -0.08 |
| Lexington Realty Trust | $4.86 USD | +0.30 |
| Maguire Properties Inc | $1.94 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CUZ | Industry Range |
| Price/Earnings | 25.2x |
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| Price/Sales | 2.0x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 7.9x |
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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. | ||
