secwatch.observer — SEC 8-K summary
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Issuer:     COUSINS PROPERTIES INC (CUZ)
CIK:        0000025232
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0000025232-22-000044
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cousins Properties presents at Nareit: 90.2% occupied, 4.75x leverage, $704M liquidity, 1.5M SF pipeline
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- Portfolio: 18.8M SF, 90.2% leased, average year built 2004, 34% less than 5 years old or redeveloped.
- Balance sheet: Net Debt/EBITDA 4.75x, only 1.3% debt maturing 2022-2023, $704M liquidity.
- Rent growth: In-place gross rent up 33% since 2017; FAD per share up 23% since 2017; NAV up 13% per Green Street.
- Development: 1.5M SF active pipeline (92% pre-leased in Austin, 97% in Phoenix), land bank supports 4.6M SF.
- Leasing: Second-gen cash net rent rolled up 11.7% avg over past two years; lease expirations well below peer avg.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25232/000002523222000044/0000025232-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25232/000002523222000044/cuz-20221114.htm
  HTML page:      https://secwatch.observer/filing/0000025232-22-000044

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