Same property net operating income for the fourth quarter was up 3.7% over the prior year.
"Our fourth quarter performance demonstrates a successful finish to a transformative year at Cousins," said
Same property occupancy for the fourth quarter was 90.4%, up from 89.0% in the prior year.
Cash-basis second generation net effective rent for the fourth quarter was up 11.3% over the prior year. Transaction Activity Sold the
Commenced construction on Emory Point Phase II, which will consist of 307 apartments and 43,000 square feet of retail space with a total projected cost of
Closed a construction loan on Emory Point Phase II, which will provide up to
Net income available to common stockholders was
A replay of the conference call will be available for 14 days by dialing (402) 977-9140 and entering the passcode 21703342. The replay can be accessed on the Company's website, www.cousinsproperties.com, through the "Q4 2013 Cousins Properties Incorporated Earnings Conference Call" link on the Investor Relations page.
The Consolidated Statements of Operations, Consolidated Balance Sheets, a schedule entitled Funds From Operations, which reconciles Net Income (Loss) Available to FFO, and a schedule entitled Same Property Information, which reconciles same property net operating income to rental property revenues and rental property expenses, are attached to this press release. More detailed information on Net Income (Loss) Available and FFO results is included in the "Net Income and Funds From Operations - Supplemental Detail" schedule, which is included along with other supplemental information in the Company's Current Report on Form 8-K, which the Company is furnishing to the
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