#USA #Atlanta #Public Offering #Cousins Properties #NYSE CUZ

Cousins Properties Prices Public Offering of 9,500,000 Shares

On December 11, 2024, Cousins Properties Incorporated (NYSE: CUZ) announced that it has priced an underwritten public offering of 9,500,000 shares of its common stock. The company aims to generate approximately $284 million from this offering, before accounting for underwriting discounts and related costs. This strategic move comes as part of Cousins Properties' ongoing efforts to expand its portfolio and capitalize on upcoming opportunities within the real estate market.

The offering is set to close on December 12, 2024, pending standard conditions. Notably, J.P. Morgan is acting as the sole book-running manager for this issuance, showcasing the company’s confidence in the strength of its offerings in today’s competitive environment.

This primary public offering will derive from a prospectus supplement filed alongside the company’s existing shelf registration statement, initially established on May 8, 2024. As standard practice, this announcement does not constitute an offer to sell or solicit any offer to purchase these shares in jurisdictions where such offers would be illegal. For potential investors seeking more details, the prospectus documents can be accessed via the Securities and Exchange Commission's EDGAR system, where additional insights about Cousins Properties and its financial health are also available.

Cousins Properties operates as a self-managed and fully integrated real estate investment trust (REIT) headquartered in Atlanta, Georgia. Established in 1958, the firm primarily invests in Class A office spaces located in growth-oriented Sun Belt markets. This calculated investment strategy helps the company create substantial shareholder value via high-quality asset development, acquisition, leasing, and management.

The company prides itself on its focused approach toward investment in trophy assets, ensuring that it remains competitive in sectors showing potential growth. As the real estate sector continues to evolve, the administration’s commitment to deliberate and strategic investments is paramount.

In alignment with regulatory best practices, investors are encouraged to carefully evaluate the details contained within the filed Annual Report on Form 10-K and recent quarterly filings for comprehensive information on financial performance and insights into any risk factors that may influence the public offering. The forward-looking statements included in this announcement underscore the nature of investment decisions based on current expectations and market conditions, which are subject to various uncertainties.

To aid in communications with stakeholders, Roni Imbeaux, Vice President of Finance and Investor Relations, can be contacted directly for inquiries regarding this public offering.

An optimistic outlook lies ahead for Cousins Properties as it aims for increased market penetration and enhanced operational efficiencies with the anticipated capital garnered. The company remains dedicated to executing its strategy for long-term growth and profits, affirming its position within the dynamic landscape of real estate investment trusts. As the date of the offering approaches, market participants will be watching closely to see how this initiative develops and impacts Cousins Properties' future trajectories.

Investors and analysts will be eagerly monitoring the closing of the offering and are poised to respond to both immediate and longer-term implications as Cousins Properties continues along its path of strategic growth.