ATLANTA (AP) — ATLANTA (AP) — Cousins Properties Inc. (CUZ) on Thursday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Atlanta, said it had funds from operations of $102.3 million, or 67 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 67 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 $11.2 million, or 7 cents per share.
The real estate company, based in Atlanta, posted revenue of $209.2 million in the period. Its adjusted revenue was $207.3 million.
Cousins Properties expects full-year funds from operations to be $2.66 to $2.70 per share.
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