Cousins Properties Incorporated (NYSE:CUZ) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET

Company Participants

Pamela Roper - Executive Vice President, General Counsel and Corporate Secretary

Colin Connolly - President and Chief Executive Officer

Richard Hickson - Executive Vice President, Operations

Gregg Adzema - Chief Financial Officer

Conference Call Participants

Blaine Heck - Wells Fargo

Jay Poskitt - Evercore ISI

Upal Rana - KeyBanc

Camille Bonnel - Bank of America

Anthony Powell - Barclays

Peter Abramowitz - Jefferies

Dylan Burzinski - Green Street

John Kim - BMO

Operator

Good morning, and welcome to the Cousins Properties Third Quarter 2023 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please also note that this event is being recorded today.

I would now like to turn the conference over to Pamela Roper, General Counsel. Please go ahead.

Pamela Roper

Thank you. Good morning, and welcome to Cousins Properties' Third Quarter Earnings Conference Call. 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.

If you did not receive a copy, these documents are available through the quarterly disclosures and supplemental SEC information links on the Investor Relations page of our website, Cousins.com.

Please be aware that certain matters discussed today may constitute forward-looking statements within the meaning of Federal Securities laws, and actual results may differ materially from these statements due to a variety of risks and uncertainties and other factors, including the risk factors set forth in our annual report on Form 10-K and our other SEC filings.

The company does not undertake any duty to update any forward-looking statements, whether as a result of new information, future events, or otherwise. The full declaration regarding forward-looking statements is available in the supplemental package posted yesterday and a detailed discussion of some potential risk is contained in our filings with the SEC.

With that, I'll turn the call over to Colin Conolly.

Colin Connolly

Thank you, Pam and good morning everyone. We had a strong third quarter at Cousins. On the earnings front, the team delivered $0.65 per share in FFO and same-property net operating income increased 4.6% on a cash basis.