Wednesday, May 4, 2011
ATLANTA, GA -- Cousins Properties Incorporated (NYSE:CUZ):
Ø Funds From Operations (FFO) before a non-cash impairment charge was $0.11 per share.
Ø Finalized exit from residential condominium business.
Ø Sold Jefferson Mill Business Park Building A.
Ø Selected as the master developer for the multi-modal transit hub in Downtown Atlanta.
Ø Continued progress on predevelopment of Emory Point mixed use project.
Ø Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter ended March 31, 2011.
“The first quarter results demonstrate the continued success of our strategic efforts to lease vacant space and sell non-core assets as we simplify the platform,” said Larry Gellerstedt (top right photo), CEO of Cousins.
“Our leasing pipeline remains solid, and we’re excited to be returning to an offensive mode as we move closer to starting our Emory Point project and continue to seek additional value creation opportunities.”
For a copy of the company’s news release and complete financials, please contact:
Gregg D. Adzema, 404-407-1116
Executive Vice President and Chief Financial Officer
Cameron Golden, 404-407-1984
Director of Investor Relations and Corporate Communications