COUSINS PROPERTIES INCORPORATED
Sector: Indices SP 400
Latest Quote @ Mon Dec 12 15:59:09 (15 min delayed)
Last Day's Data
Cousins Properties, Inc. operates as a real estate investment trust. It engages in the acquisition, financing, development, management, and leasing of real estate properties. The company owns directly, and through subsidiaries and joint ventures, a portfolio of office, medical office, retail, and single family residential development projects, and holds several tracts of undeveloped land. As of June 30, 2005, its portfolio consisted of 25 office buildings totaling 7.8 million square feet, 14 retail properties totaling 3.4 million square feet, 1 industrial property totaling 0.4 million square feet, and 1070 developed residential land lots held for sale, including 8 office, retail, and industrial projects under development or redevelopment totaling 2.5 million square feet. The company also has 2 condominium projects and 21 residential communities under development with approximately 12800 lots remaining to be developed and/or sold. In addition, the company also owns directly or through joint ventures approximately 3,300 acres of land held for investment or future development. The company has elected to qualify as a REIT for tax purposes. The company qualifies as a REIT and intends to distribute 100% of its federal taxable income to stockholders. Cousins Properties, Inc. was founded by Thomas G. Cousins in 1958 and is based in Atlanta, Georgia.