COUSINS PROPERTIES INCORPORATED
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): February 5, 2007
Cousins Properties Incorporated
(Exact name of registrant as specified in its charter)
Georgia
(State or other jurisdiction of incorporation)
0-3576
(Commission File Number)
58-0869052
(IRS Employer Identification Number)
2500 Windy Ridge Parkway, Atlanta, Georgia 30339-5683
(Address of principal executive offices)
Registrant’s telephone number, including area code: (770) 955-2200
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 2.02. Results of Operations and Financial Condition
On February 5, 2007, Cousins Properties Incorporated (the “Company”) issued a Quarterly
Information Package containing a press release and information about the Company’s financial
condition and results of operations for the three months and year ended December 31, 2006. A copy
of the Company’s Quarterly Information Package is attached hereto as Exhibit 99.1. The information
contained in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed”
with the Commission nor incorporated by reference in any registration statement filed by the
Company under the Securities Act of 1933, as amended.
Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits:
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Description |
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99.1
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Quarterly Information Package for the
Quarter Ended December 31, 2006. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 5, 2007
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COUSINS PROPERTIES INCORPORATED
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By: |
/s/ James A. Fleming
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James A. Fleming |
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Executive Vice President and Chief Financial
Officer |
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COUSINS PROPERTIES INCORPORATED
Quarterly Information Package
For the Quarter Ended December 31, 2006
TABLE OF CONTENTS
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Press Release |
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Condensed Consolidated Statements of Income |
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5 |
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Funds From Operations |
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6 |
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Condensed Consolidated Balance Sheets |
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7 |
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Key Ratios and Supplemental Information |
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8 |
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Net Income and Funds From Operations — Supplemental Detail |
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9 |
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Development Pipeline |
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23 |
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Portfolio Listing |
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25 |
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Same Property Information |
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28 |
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Square Feet Expiring: |
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Office |
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29 |
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Retail |
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30 |
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Industrial |
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31 |
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Top 25 Largest Tenants |
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32 |
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Inventory of Land Held for Investment or Future Development |
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33 |
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Inventory of Residential Lots Under Development |
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35 |
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Debt Outstanding |
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37 |
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Summary of Gains on Sales of Investment Properties |
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38 |
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Reconciliation of CP Venture IV Value Creation |
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40 |
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Reconciliations of Non-GAAP Financial Measures |
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41 |
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Discussion of Non-GAAP Financial Measures |
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47 |
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Certain matters contained in this package are forward-looking statements within the
meaning of the federal securities laws and are subject to uncertainties and risks including,
but not limited to, general and local economic conditions, local real estate conditions, the
activity of others developing competitive projects, the risks associated with development
projects (such as delay, cost overruns and leasing/sales risk of new properties), the
cyclical nature of the real estate industry, the financial condition of existing tenants,
interest rates, the Company’s ability to obtain favorable financing or zoning, environmental
matters, the effects of terrorism, the ability of the Company to close properties under
contract and other risks detailed from time to time in the Company’s filings with the
Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the
year ended December 31, 2005. The words “believes”, “expects”, “anticipates”, “estimates” and
similar expressions are intended to identify forward-looking statements. Although the Company
believes that its plans, intentions and expectations reflected in any forward-looking
statement are reasonable, the Company can give no assurance that these plans, intentions or
expectations will be achieved. Such forward-looking statements are based on current
expectations and speak only as of the date of such statements. The Company undertakes no
obligation to publicly update or revise any forward-looking statement, whether as a result of
future events, new information or otherwise.