Cousins Properties: Q2 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Cousins Properties Inc. (CUZ) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.

The real estate investment trust, based in Atlanta, said it had funds from operations of $409.2 million, or $2.75 per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 66 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $22.6 million, or 15 cents per share.

The real estate company, based in Atlanta, posted revenue of $204.3 million in the period. Its adjusted revenue was $204 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $202.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUZ at https://www.zacks.com/ap/CUZ