Cousins Properties: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Cousins Properties Inc. (CUZ) on Thursday reported a key measure of profitability in its third quarter.

The Atlanta-based real estate investment trust said it had funds from operations of $123.8 million, or 75 cents per share, in the period.

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 $17 million, or 10 cents per share.

The real estate company, based in Atlanta, posted revenue of $259.4 million in the period. Its adjusted revenue was $257.3 million.

Cousins Properties expects full-year funds from operations to be $2.95 to $2.99 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CUZ at https://www.zacks.com/ap/CUZ