|Bid||0.00 x 1100|
|Ask||37.58 x 800|
|Day's Range||37.46 - 39.18|
|52 Week Range||31.01 - 40.66|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||45.54|
|Earnings Date||Feb 09, 2022 - Feb 14, 2022|
|Forward Dividend & Yield||1.24 (3.28%)|
|Ex-Dividend Date||Oct 04, 2021|
|1y Target Est||44.33|
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Demand for commercial real estate is ridiculously hot right now, especially across the Sun Belt region. Here's a closer look at three jaw-dropping rental numbers that REITs reported this quarter. Cousins Properties owns class A offices in some of the country's fastest-growing cities, including Austin, Atlanta, and Phoenix.
Office space in the Sun Belt region is a hot commodity these days. Cousins signed nearly 600,000 square feet of leases in the period, with rental rates on second-generation leases coming in a scorching 23.1% above the rates of leases they replaced. Cousins noted that this represented the largest increase in that metric in nearly six years.
With me today are Colin Connolly, our President and Chief Executive Officer; Richard Hickson, our Executive Vice President of Operations; and Gregg Adzema, our Chief Financial Officer. The press release and supplemental package were distributed yesterday afternoon as well as furnished on Form 8-K. In the supplemental package, the company has reconciled all non-GAAP financial measures to the most directly comparable GAAP measures in accordance with Reg G requirements.