Cousins, which invests in various commercial real estate sectors, recorded $168.6 million in gains from property sales throughout 2009, but charges for the year included a $39-million impairment on its Terminus 200 project. The company's revenue increased 5% over the year to $224.9 million.

"Compared with a year ago, we have a stronger balance sheet and a leaner organization combined with a team that is focused on executing the fundamentals of our business--leasing, sales and generating fees," Cousins CEO Larry Gellerstedt stated in a release. The company noted that its office portfolio was 87% leased at year end, while its retail centers were 84% leased and industrial buildings were 51% leased.

Meanwhile, Post's 2009 loss included net gains of $79.4 million on the sale of three apartment complexes along with income of $1.8 million related to a mark-to-market interest rate swap and changes in previous hurricane loss estimates. Those gains were offset by non-cash impairment charges of $76.3 million relating to the company's investment in a condo project, $4.8 million in severance charges and a $3.3-million loss related to early debt settlement.

Post, which owns 55 apartment communities with nearly 20,000 units, also announced Tuesday that it will sell up to four million shares of common stock from time to time, with proceeds to be used for general corporate purposes. J.P. Morgan Securities Inc. and Cantor Fitzgerald & Co. are sales agents for the offering.