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Cousins Properties' FFO Reaches $95.2 Mil, up 17% from 1999

ATLANTA-The locally based REIT credits the 2000 performance to increases in rental property revenue from projects that became partially or fully operational during the year and from the continued strong performance of existing properties.

By Judith Schonbak | Updated on February 06, 2001

ATLANTA-For the second year in a row, locally based Cousins Properties Inc. is showing a robust bottom line, according to the company’s newly-released financials. The REIT showed a 21% increase to 51 cents in funds from operations per share during the fourth quarter of 2000. For the same period in 1999, FFO per share was 42 cents. FFO rose 24% to $25.7 million for the quarter, up from $20.7 million the previous year.

For the year ended Dec. 31, Cousins reported an increase in FFO per share of 16% to $1.92 per share from $1.66 per share in 1999. FFO rose 17% to $95.2 million in 2000 from $81.3 million the year before.

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