Cousins properties news
Cousins Properties is a real estate investment trust (REIT) that owns and operates a diverse portfolio of office, retail, and industrial properties across the United States. Here are some recent news and updates about Cousins Properties:
Recent Acquisitions and Dispositions
- In February 2023, Cousins Properties acquired a 12-story office building in downtown Atlanta for $120 million.
- In January 2023, the company sold a 240,000-square-foot industrial property in Dallas for $35 million.
- In December 2022, Cousins Properties acquired a 14-story office building in Houston for $85 million.
Development Projects
- Cousins Properties is developing a 12-story office building in downtown Atlanta, which is expected to be completed in 2024.
- The company is also developing a 300,000-square-foot industrial park in Dallas, which is expected to be completed in 2023.
Leasing Activity
- In February 2023, Cousins Properties signed a 10-year lease with a major technology company for 120,000 square feet of office space in its Atlanta office building.
- In January 2023, the company signed a 5-year lease with a retail tenant for 20,000 square feet of space in its Dallas retail center.
Financial Performance
- In February 2023, Cousins Properties reported fourth-quarter 2022 net income of $34.4 million, or $0.23 per share.
- For the full year 2022, the company reported net income of $134.1 million, or $0.92 per share.
Leadership and Governance
- In January 2023, Cousins Properties announced the appointment of a new chief financial officer, effective February 1, 2023.
- In December 2022, the company announced the election of two new independent directors to its board of directors.
Sustainability Efforts
- Cousins Properties has set a goal to reduce its carbon emissions by 50% by 2025 and to achieve net-zero emissions by 2050.
- The company has also implemented various sustainability initiatives, including energy-efficient lighting and HVAC systems, and recycling programs.
These are just a few examples of recent news and updates about Cousins Properties. If you're looking for more information, I recommend checking out the company's website or contacting their investor relations department.