Cousins Properties Incorporated (NYSE:CUZ) Q4 2023 Results Conference Call February 8, 2024 11:00 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

Jay Poskitt - Evercore ISI

Blaine Heck - Wells Fargo

Camille Bonnel - Bank of America

Tony Paolone - JPMorgan

John Kim - BMO Capital Markets

Upal Rana - KeyBanc Capital Markets

Dylan Burzinski - Green Street

Peter Abramowitz - Jefferies

Operator

Good morning, ladies and gentlemen, and welcome to the Cousins Properties Fourth Quarter Conference Call. At this time, all lines are in a listen-only mode. Following presentation, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this call is being recorded on Thursday, February 8, 2024.

I would now like to turn the conference over to Roper. Please go ahead.

Pamela Roper

Thank you. Good morning, and welcome to Cousins Properties fourth 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 the 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 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 potential risks is contained in our filings with the SEC.

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

Colin Connolly

Thank you, Pam, and good morning, everyone. We had a strong fourth quarter at Cousins. On the earnings front, the team delivered $0.65 per share in FFO and same-property net operating income increased 3.5% on a cash basis. We leased 453,000 square feet during the quarter with a positive cash rent roll up.