1. Cousins Properties released year-end tax info for 2024 distributions. 2. Total distributions per share are $0.320000, with specific classifications. 3. Dividends considered 'qualified REIT dividends' for tax benefits. 4. No material change in taxable classifications is expected.
The distribution details are standard disclosures. Past tax distributions have had minimal price impact.
Relevant for tax implications but does not directly drive market sentiment.
Year-end tax information is unlikely to influence CUZ's price significantly in the short or long-term.
Cousins Properties (NYSE:CUZ) announced today the year-end tax reporting information for its 2024 distributions. For the tax year ended December 31, 2024, distributions for Cousins' common stock are classified as follows:
| Record Date | Paid Date | Total Distributions Per Share | Ordinary Dividends (1) (2) | Nondividend Distributions |
|---|---|---|---|---|
| 1/4/2024 | 1/16/2024 | $0.320000 | $0.251855 | $0.068145 |
| 4/4/2024 | 4/15/2024 | $0.320000 | $0.251855 | $0.068145 |
| 7/3/2024 | 7/15/2024 | $0.320000 | $0.251855 | $0.068145 |
| 10/3/2024 | 10/15/2024 | $0.320000 | $0.251855 | $0.068145 |
1 0% of the amounts is section 897 gain attributable to disposition of U.S. real property interests for foreign shareholders. 2 100% of the amounts included in Ordinary Dividends is treated as "qualified REIT dividends" for purposes of section 199A of the Internal Revenue Code.
This release has been prepared with the information available to date because the Company's tax returns have not yet been filed. The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances. Stockholders are thus encouraged to consult with their tax advisors as to the U.S. federal, state, local, and non-U.S. tax treatment of these distributions. No material change in the taxable classifications is expected.
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
[email protected]
SOURCE Cousins Properties