17.01.2023 22:40:00

Cousins Properties Announces 2022 Tax Reporting Information

ATLANTA, Jan. 17, 2023 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today the year-end tax reporting information for its 2022 distributions.  For the tax year ended December 31, 2022, distributions for Cousins' common stock are classified as follows:

Record
Date

Paid Date

Total
Distributions
Per Share

Ordinary
Dividends (1) (2)

Capital Gain
Distributions (1) (3)

Unrecaptured
Section 1250 Gain (4)

1/5/2022

1/14/2022

$0.310000

$0.310000

$0.000000

$0.000000

4/5/2022

4/14/2022

$0.320000

$0.289986

$0.030014

$0.000000

7/6/2022

7/15/2022

$0.320000

$0.000000

$0.320000

$0.040508

10/5/2022

10/14/2022

$0.320000

$0.280802

$0.039198

$0.004962


0% of the amounts is section 897 gain attributable to disposition of U.S. real property interests for foreign shareholders.

2 100% of the amounts included in Ordinary Dividends is treated as "qualified REIT dividends" for purposes of section 199A of the Internal Revenue Code.

3 100% of the amounts included in Capital Gain Distributions is One Year Disclosure Amounts and Three Year Disclosure Amounts for purposes of section 1061 of the Internal Revenue Code. Section 1061
is generally applicable to direct and indirect holders of "applicable partnership interests". 

4  Represents unrecaptured section 1250 gain included in capital gain distributions.


This release has been prepared with the information available to date because the Company's tax returns have not yet been filed.  The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances.  Stockholders are thus encouraged to consult with their tax advisors as to the U.S. federal, state, local, and non-U.S. tax treatment of these distributions.  No material change in the taxable classifications is expected. 

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com

Cision View original content:https://www.prnewswire.com/news-releases/cousins-properties-announces-2022-tax-reporting-information-301723927.html

SOURCE Cousins Properties

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