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Cousins Properties Unveils Tax Reporting Details for 2024 Distributions

Cousins Properties Announces 2024 Tax Reporting Information

Cousins Properties, a prominent real estate investment trust headquartered in Atlanta, has disclosed important tax reporting details for its distributions relevant to the fiscal year ended December 31, 2024. According to a press release dated January 21, 2025, the allocations provided to shareholders constitute different categories, essential for tax purposes. This breakdown is vital for investors to understand how these distributions will be taxed in accordance with U.S. tax regulations.

Distribution Classifications

For the tax year that concluded at the end of December 2024, the distribution for Cousins' common stock was structured as follows:

- Record Date: The dates on which shareholders are deemed entitled to the distributions were set for January 4, April 4, July 3, and October 3, 2024.
- Paid Date: Payments were made shortly after the record dates in mid-January, April, July, and October, providing shareholders with timely access to these distributions.
- Total Distribution Amount: Each distribution totaled $0.320000 per share, which is made up of ordinary dividends and non-dividend distributions.

The ordinary dividends classified under the distribution were stated as:

- Ordinary Dividends (per share): $0.251855 for each distribution.
- Non-Dividend Distributions (per share): $0.068145, which are important for tax classification purposes.

Notably, 100% of the amounts categorized as ordinary dividends qualify as "qualified REIT dividends" under Section 199A of the Internal Revenue Code, which may allow certain tax benefits for eligible investors. Furthermore, for foreign shareholders, it’s highlighted that a portion of the gains—specifically those tied to U.S. real property interests—will be subject to different taxation rules.

Investor Advice

Cousins Properties strongly advises its shareholders to consult with their tax professionals to understand the individual tax ramifications of these distributions. Given that tax situations can widely vary based on personal circumstances, seeking expert guidance ensures that investors comprehend both U.S. federal and relevant state tax implications.

It is important to note that the release with this tax information was prepared using available data at that time, suggesting that any final adjustments may occur as Cousins Properties' tax returns are officially filed. The company does not anticipate major changes in the taxable classifications of these distributions going forward.

About Cousins Properties

Founded in 1958, Cousins Properties is recognized for its robust presence in the real estate sector, mainly focusing on investing in Class A office buildings located in high-growth markets throughout the Sun Belt region. This self-managed Real Estate Investment Trust (REIT) operates through its partnership, Cousins Properties LP, and is committed to enhancing shareholder value through strategic property development, acquisitions, leasing, and management.

In an expanding market characterized by evolving real estate trends, Cousins Properties remains positioned for growth, leveraging its expertise to capitalize on lucrative opportunities in prime locations. For further details about their operations and investment strategies, interested parties are encouraged to visit www.cousins.com.