ATLANTA—Cousins Properties on Wednesday reported its results of operations for the quarter ended March 31, 2013. Funds From Operations for the quarter was $0.11 per share. That compares with $13.5 million, or $0.13 per share, for the first quarter of 2012. Same property net operating income for the quarter increased 5% over the prior year.

“It was another solid quarter for Cousins, with a series of positive transactions, a strong operating performance and an uptick in leasing activity,” says Larry Gellerstedt, president and CEO Cousins. “The execution of our stock offering and another quality acquisition in Texas, subsequent to the quarter, represent additional steps forward as we continue to execute the strategy.”

During the quarter, Cousins purchased a 100% ownership interest in Post Oak Central. The firm acquired the class A office complex in the Galleria submarket of Houston, from an affiliate of J.P. Morgan Asset Management. Also in the quarter, the firm acquired 816 Congress, a class A office tower in the central business district of Austin, Texas, for $102.4 million, after adjusting for rent credits. Finally, Cousins acquired 50% interest in Terminus 100 and 200 in a joint venture partnership with J.P. Morgan Asset Management.