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ATLANTA - Cousins Properties (NYSE: CUZ) announced Wednesday that its Board of Directors has declared a cash dividend of $0.32 per common share for the second quarter of 2025.
The dividend will be payable on July 17, 2025, to shareholders of record as of July 7, 2025, according to a press release statement from the company.
Cousins Properties is a fully integrated, self-administered real estate investment trust (REIT) based in Atlanta, Georgia, with a market capitalization of $5.1 billion. The company primarily invests in Class A office buildings in high-growth Sun Belt markets. According to InvestingPro analysis, the company’s shares are currently trading near their 52-week high, with revenue growth of 10% in the last twelve months, though current valuations suggest the stock may be overvalued.
Founded in 1958, Cousins Properties operates through its partnership, Cousins Properties LP, focusing on development, acquisition, leasing, and management of commercial real estate assets.
The company describes its business approach as centered on a simple platform, trophy assets, and opportunistic investments.
Cousins Properties has been a publicly traded company on the New York Stock Exchange under the ticker symbol CUZ.
In other recent news, Cousins Properties announced its first-quarter 2025 earnings, reporting an earnings per share (EPS) of $0.12, which fell short of analysts’ expectations of $0.16. However, the company’s revenue exceeded forecasts, reaching $250.33 million compared to the anticipated $230.51 million. The company has also priced a $500 million offering of senior unsecured notes at 5.250% due in 2030, with the proceeds intended to repay existing notes and reduce borrowings. Cousins Properties has raised its full-year funds from operations (FFO) guidance to $2.79 per share, reflecting a 3.7% growth. Portfolio occupancy has improved to 90%, up from 88.4% in the previous year. The company’s net debt to EBITDA ratio remains low at 4.9x, indicating strong financial health. Major financial institutions, including Wells Fargo Securities, BofA Securities, and J.P. Morgan, are involved in the senior notes offering. These developments underscore Cousins Properties’ strategic initiatives and financial maneuvers amid a challenging market environment.
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