Cousins Properties Reports Results for Second Quarter and Six Months Ended June 30, 2006.

Business Wire › August 07, 2006

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Cousins Properties Reports Results for Second Quarter and Six Months Ended June 30, 2006.

ATLANTA -- Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the three and six months ended June 30, 2006. All per share amounts are reported on a diluted basis; basic per share data is included in the Consolidated Statements of Income accompanying this release.

Funds from Operations to Common Stockholders ("FFO") was $13.9 million, or $0.27 per share, for the second quarter of 2006, after a supplemental adjustment to exclude loss on extinguishment of debt. This compares to FFO of $17.6 million, or $0.34 per share, for the second quarter of 2005. FFO was $33.1 million, or $0.64 per share, for the six months ended June 30, 2006, after a supplemental adjustment to exclude loss on extinguishment of debt. This compares to FFO of $33.9 million, or $0.66 per share, for the six months ended June 30, 2005. Loss on extinguishment of debt was $2.8 million, or $0.05 per share, for the second quarter and six months ended June 30, 2006 and relates to the contr...

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