Cousins Properties (CUZ) Tops Q1 EPS by 1c; FFO $0.15

Cousins Properties (NYSE: CUZ) reported Q1 EPS of $0.04, $0.01 better than the analyst estimate of $0.03.

• Net income available to common stockholders was $0.04 per share.

• Funds From Operations was $0.15 per share.

• Same property net operating income on a cash-basis increased 9.4%.

• Second generation net rent per square foot on a cash-basis increased 19.3%.

• Executed 329,583 square feet of office leases.

• Commenced operations at 864 Spring Street, Phase I of NCR's world headquarters in Midtown Atlanta.

• Closed a new $1 billion unsecured revolving credit facility that replaced the existing $500 million facility.

• Formed a 50-50 joint venture to develop 300 Colorado, a 100% leased, 309,000 square foot office tower in downtown Austin.

For earnings history and earnings-related data on Cousins Properties (CUZ) click here.

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