Form 8-K

8-K — COUSINS PROPERTIES INC

Accession: 0000025232-26-000061

Filed: 2026-07-30

Period: 2026-07-30

CIK: 0000025232

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cuz-20260730.htm (Primary)

EX-99.1 (aearningsreleaseex9912q26.htm)

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8-K

8-K (Primary)

Filename: cuz-20260730.htm · Sequence: 1

cuz-20260730

0000025232false00000252322026-07-302026-07-30

UNITED STATES

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): July 30, 2026

Cousins Properties Incorporated

(Exact name of registrant as specified in its charter)

Georgia 001-11312 58-0869052

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)

3344 Peachtree Road NE, Suite 1800, Atlanta, Georgia 30326-4802

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (404) 407-1000

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):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $1 par value per share CUZ New York Stock Exchange  ("NYSE")

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the securities Act of 1933 (§230.405 of this chapter) or Rule 12b-12 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 30, 2026, Cousins Properties Incorporated (the “Company”) issued a Press Release and Quarterly Information Package containing information about the Company’s financial condition and results of operations for the quarter ended June 30, 2026. A copy of the Company’s Press Release and Quarterly Information Package is available on the Company's website under Investor Relations and is attached as Exhibit 99.1 to this Current Report on Form 8-K. 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 and Exhibits.

(a)    Exhibits

Exhibit Number        Exhibit Description

99.1

Press Release and Quarterly Information Package for the Quarter Ended June 30, 2026.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 30, 2026

COUSINS PROPERTIES INCORPORATED

By: /s/ Gregg D. Adzema

Gregg D. Adzema

Executive Vice President and Chief Financial Officer

EX-99.1

EX-99.1

Filename: aearningsreleaseex9912q26.htm · Sequence: 2

8-KEarningsReleaseEx99.1 2Q26

Cousins Properties

1

Q2 2026 Supplemental Information

TABLE OF CONTENTS

Forward-Looking Statements

2

Earnings Release

3

Company Information

5

Consolidated Balance Sheets

7

Consolidated Statements of Operations

8

Key Performance Metrics

9

Funds From Operations - Summary

12

Funds From Operations - Detail

13

Portfolio Statistics

16

Same Property Performance

19

Office Leasing Activity

20

Office Lease Expirations

21

Top 20 Office Tenants

22

Tenant Industry Diversification

23

Investment Activity

24

Development Pipeline

26

Land Inventory

27

Debt Schedule

28

Joint Venture Information

31

Non-GAAP Financial Measures - Calculations and Reconciliations

32

Non-GAAP Financial Measures - Definitions

39

Pictured Above: Promenade Central, Atlanta, GA

Pictured on Cover: 300 Colorado and Colorado Tower, Austin, TX

Cousins Properties

2

Q2 2026 Supplemental Information

FORWARD-LOOKING STATEMENTS

Certain matters contained in this report are “forward-looking statements” within the meaning of the federal securities laws and are subject to

uncertainties and risks, as itemized herein. These forward-looking statements include information about possible or assumed future results of the

business and our financial condition, liquidity, results of operations, plans, expectations, and objectives. Examples of forward-looking statements in

this earnings release and supplemental information include the Company’s guidance and underlying assumptions; projected capital expenditures;

industry trends; future occupancy or volume and velocity of leasing activity; and entry into new markets.

Any forward-looking statements are based upon management's beliefs, assumptions, and expectations of our future performance, taking into

account information that is currently available. These beliefs, assumptions, and expectations may change as a result of possible events or factors, not

all of which are known. If a change occurs, our business, financial condition, liquidity, and results of operations may vary materially from those

expressed in forward-looking statements. Actual results may vary from forward-looking statements due to, but not limited to, the following: the risks

and uncertainties related to the impact of changes in general economic and capital market conditions (on an international or national basis or within

the markets in which we operate), including changes in inflation, changes in interest rates, supply chain disruptions, labor market disruptions (including

changes in unemployment), dislocation and volatility in capital markets, and potential longer-term changes in consumer and customer behavior

resulting from the severity and duration of any downturn, adverse conditions or uncertainty in the U.S. or global economy; risks affecting the real

estate industry (including, without limitation, the inability to enter into or renew leases on favorable terms and on anticipated schedules); any adverse

change in the financial condition or liquidity of one or more of our tenants or borrowers under our real estate debt investments; changes in customer

preferences regarding space utilization; changes in customers’ financial condition; the availability, cost, and adequacy of insurance coverage;

competition from other developers, investors, owners, and operators of real estate; the failure to achieve anticipated benefits from intended or

completed acquisitions, developments, investments, or dispositions; the cost and availability of financing, the effectiveness of any interest rate

hedging contracts, and any failure to comply with debt covenants under credit agreements; the effect of common stock, debt, or operating

partnership unit issuances; threatened terrorist attacks or sociopolitical unrest such as political instability, civil unrest, armed hostilities, or political

activism and the potential impact of the same upon our day-to-day building operations; the immediate and long-term impact of the outbreak of a

highly infectious or contagious disease on our and our customers’ financial condition; risks associated with security breaches through cyberattacks,

cyber intrusions, or otherwise; risks associated with the adoption and usage of artificial intelligence; changes in senior management, the Board of

Directors, or key personnel; the potential liability for existing or future environmental or other applicable regulatory requirements, including the

requirements to qualify for taxation as a real estate investment trust; the financial condition and liquidity of, or disputes with, joint venture partners;

material changes in dividend rates on common shares or other securities or the ability to pay those dividends; the impact of changes to applicable

laws, including the tax laws impacting REITs and the passage of the One Big Beautiful Bill Act, and the impact of newly adopted accounting principles

on our accounting policies and on period to period comparison of financial results; risks associated with climate change and severe weather events;

and those additional risks and factors discussed in reports filed with the Securities and Exchange Commission ("SEC") by the Company.

These forward-looking statements are not exhaustive, speak only as of the date of issuance of this report and are not guarantees of future

results, performance, or achievements. Additional risk factors that could adversely affect our business and financial performance can be found in Part

1, Item 1A. Risk Factors, of our Annual Report on Form 10-K for the year ended December 31, 2025, and are specifically incorporated by reference

herein. The Company does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future

events, or other matters, except as otherwise required by law.

Cousins Properties

3

Q2 2026 Supplemental Information

EARNINGS RELEASE

COUSINS PROPERTIES REPORTS SECOND QUARTER 2026 RESULTS

Raises 2026 Earnings Guidance Midpoint

ATLANTA, GA (July 30, 2026) - Cousins Properties (NYSE:CUZ) today reported its results of operations for the quarter ended June 30,

2026.

"We had a busy and productive second quarter," said Colin Connolly, President and Chief Executive Officer of Cousins Properties.

"We leased more than 920,000 square feet of office space during the second quarter, increasing our portfolio to 92.8% leased - the

highest level since the first quarter of 2020. We also completed several strategic property transactions that further enhanced the quality

of our lifestyle office portfolio. We are well-positioned for the second half of 2026 as our late-stage leasing pipeline remains robust and

trophy office fundamentals in the Sun Belt are tightening."

Financial Results

For second quarter 2026:

•Net income available to common stockholders was $26.2 million, or $0.16 per share, compared to net income of $14.5 million, or

$0.09 per share, for second quarter 2025. The increase in net income is primarily attributable to a gain on the sale of an

investment property.

•Funds From Operations ("FFO") was $124.6 million, or $0.75 per share, compared to $117.5 million, or $0.70 per share, for

second quarter 2025.

For the six months ended June 30, 2026:

•Net income available to common stockholders was $1.3 million, or $0.01 per share, compared to net income of $35.4 million, or

$0.21 per share, for the six months ended June 30, 2025. The decline in net income is primarily attributable to an impairment

charge.

•Funds From Operations ("FFO") was $247.5 million, or $1.49 per share, compared to $242.3 million, or $1.44 per share, for the

six months ended June 30, 2025.

Operations and Leasing Activity

For second quarter 2026:

•Same property net operating income ("NOI") on a cash-basis increased 5.9%.

•Second generation net rent per square foot on a cash-basis increased 9.2%.

•Executed 924,000 square feet of office leases, including 395,000 square feet of new and expansion leases, representing 43% of

total leasing activity.

For the six months ended June 30, 2026:

•Same property net operating income ("NOI") on a cash-basis increased 5.6%.

•Second generation net rent per square foot on a cash-basis increased 12.2%.

•Executed 1,856,000 square feet of office leases, including 878,000 square feet of new and expansion leases, representing 47% of

total leasing activity.

Cousins Properties

4

Q2 2026 Supplemental Information

EARNINGS RELEASE

Investing & Financing Activity

For second quarter 2026:

•Closed a new five-year $1.2 billion unsecured credit facility, replacing the prior $1.0 billion facility that was scheduled to mature

in April 2027, added two six-month extensions to our existing $400 million and $100 million unsecured term loans, and improved

the borrowing spread by fifteen basis points on both the credit facility and the $400 million term loan and by thirty basis points

on the $100 million term loan.

•Purchased our joint venture partner's 10% interest in 100 Mill, a 287,000 square foot office property in Phoenix, for $18.5 million.

The purchase price included a promote to our partner in excess of its partnership interest and was based on a value for the

property of $158.7 million.

•Sold Research Park Plaza V, a 173,000 square foot office property in Austin, for a gross sales price of $42.0 million resulting in a

gain of $9.2 million.

•Subsequent to quarter end, acquired a preferred equity interest in 5th & Walsh, a 199,000 square foot office development in

Austin. Our funding commitment of $31.5 million is expected to be invested in 2027.

•Subsequent to quarter end, sold One Eleven Congress, a 519,000 square foot office property in Austin, for a gross sales price of

$208.0 million on July 29, 2026.

Earnings Guidance

For year ending December 31, 2026:

•Net income between $0.08 and $0.14 per share, up from $0.02 and $0.10 per share.

•FFO between $2.92 and $2.98 per share, up from $2.90 and $2.98 per share.

•The increase in FFO per share is primarily driven by leasing activity that exceeded our prior forecast and the transaction activity

discussed above.

•Guidance assumes the 2.9 million common shares previously issued on a forward basis are settled during the third quarter.

•Guidance assumes the sale of our 303 Tremont land parcel during the fourth quarter.

•Guidance does not include any speculative property acquisitions, dispositions, or development starts.

•Guidance reflects management’s current plans and assumptions as of the date of this earnings release and are subject to change

as well as the risks and uncertainties more fully described in our SEC filings. Actual results could differ materially from this

guidance.

Investor Conference Call and Webcast

The Company will conduct a conference call at 10:00 a.m. (Eastern Time) on Friday, July 31, 2026 to discuss the results of the quarter

ended June 30, 2026. The number to call for this interactive teleconference is (800) 836-8184. The live webcast of this call can be

accessed on the Company's website, www.cousins.com, through the “Cousins Properties Second Quarter Conference Call” link on the

Investors page. A replay of the conference call will be available for seven days by dialing (888) 660-6345 and entering the passcode

33580#. The playback can also be accessed on the Company's website.

Cousins Properties

5

Q2 2026 Supplemental Information

COMPANY INFORMATION

THE COMPANY

Cousins Properties Incorporated ("Cousins" or the "Company") 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.

MANAGEMENT

M. Colin Connolly

Gregg D. Adzema

Kennedy Hicks

Richard G. Hickson IV

President & Chief Executive Officer

Executive Vice President &

Chief Financial Officer

Executive Vice President & Chief

Investment Officer

Executive Vice President, Operations

John S. McColl

Pamela F. Roper

Jeffrey D. Symes

Executive Vice President, Development

Executive Vice President, General

Counsel & Corporate Secretary

Senior Vice President &

Chief Accounting Officer

BOARD OF DIRECTORS

Robert M. Chapman

Charles T. Cannada

M. Colin Connolly

Non-executive Chairman of Cousins Properties, former Chief

Executive Officer of Centerpoint Properties Trust

Private Investor

President and Chief Executive Officer of

Cousins Properties

Scott W. Fordham

Susan L. Givens

R. Kent Griffin Jr.

Former Chief Executive Officer and

Director of TIER REIT, Inc.

Former executive with Blackstone

Managing Director of Phicas Investors

Donna W. Hyland

Dionne Nelson

R. Dary Stone

President and Chief Executive Officer of

Children's Healthcare of Atlanta

President and Chief Executive Officer of

Laurel Street Residential

President and Chief Executive Officer of

R.D. Stone Interests

Cousins Properties

6

Q2 2026 Supplemental Information

COMPANY INFORMATION

COMPANY INFORMATION

EQUITY RESEARCH COVERAGE (1)

Corporate Headquarters

Investor Relations

Barclays

BofA Securities

BMO Capital

3344 Peachtree Road NE

Suite 1800

Atlanta GA 30326

404.407.1000

Roni Imbeaux

Senior Vice President, Finance

& Investor Relations

rimbeaux@cousins.com

404.407.1104

Brendan Lynch

212.526.9428

Jana Galan

646.855.5042

John Kim

212.885.4115

Evercore ISI

Green Street

Jefferies

Transfer Agent

Equiniti Trust Company

equiniti.com

866.627.2649

Stock Exchange

NYSE: CUZ

Steve Sakwa

212.446.9462

Dylan Burzinski

949.640.8780

Joe Dickstein

212.778.8771

J.P. Morgan

KeyBanc

Mizuho Securities

RATING AGENCIES (1)

Anthony Paolone

212.622.6682

Upal Rana

917.368.2316

Vikram Malhotra

212.282.3827

S&P Global Ratings

Moody's Investors Service

RW Baird

Truist Securities

Wells Fargo

Hannah Gray

212.438.0244

Current Corporate

Credit Rating: BBB

Christian Azzi

212.553.9342

Current Corporate

Credit Rating: Baa2

Nicholas Thillman

414.298.5053

Michael Lewis

212.319.5659

Blaine Heck

410.662.2556

Wolfe Research

Outlook: Stable

Outlook: Stable

Ally Yaseen

646.582.9253

(1) Please note that any opinions, estimates, or forecasts regarding Cousins' performance made by the analysts and rating agencies listed above are theirs alone and do not represent

opinions, forecasts, or predictions of Cousins or its management. Cousins does not, by its reference above or distribution, imply its endorsement of, or concurrence with, such information,

conclusions, or recommendations.

Pictured Above: Sail Tower, Austin, TX

Cousins Properties

7

Q2 2026 Supplemental Information

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

June 30, 2026

December 31, 2025

Assets:

Real estate assets:

Operating properties, net of accumulated depreciation of $1,944,115 and $1,922,394 in 2026 and 2025,

respectively

$7,872,060

$7,894,846

Land

135,869

135,870

8,007,929

8,030,716

Real estate assets and other assets held for sale, net

223,586

61,489

Cash and cash equivalents

6,699

5,720

Investments in real estate debt, at fair value

19,586

37,804

Accounts receivable

15,608

17,578

Deferred rents receivable

276,351

269,282

Investments in unconsolidated joint ventures

212,792

215,301

Intangible assets, net

175,884

164,738

Other assets, net

102,438

87,504

Total assets

$9,040,873

$8,890,132

Liabilities:

Notes payable

$3,732,064

$3,340,815

Accounts payable and accrued expenses

294,261

314,317

Deferred income

286,872

301,358

Intangible liabilities, net

121,790

117,085

Other liabilities

106,583

111,506

Liabilities of real estate assets held for sale, net

7,736

2,849

Total liabilities

4,549,306

4,187,930

Commitments and contingencies

Equity:

Stockholders' investment:

Common stock, $1 par value per share, 300,000,000 shares authorized, 164,602,058 and 167,981,990 issued and

outstanding in 2026 and 2025, respectively

164,602

167,982

Additional paid-in capital

5,886,169

5,971,762

Distributions in excess of cumulative net income

(1,567,095)

(1,460,154)

Total stockholders' investment

4,483,676

4,679,590

Nonredeemable noncontrolling interests

7,891

22,612

Total equity

4,491,567

4,702,202

Total liabilities and equity

$9,040,873

$8,890,132

Cousins Properties

8

Q2 2026 Supplemental Information

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited; in thousands, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Revenues:

Rental property revenues

$265,714

$237,715

$526,822

$480,742

Fee income

2,267

494

3,512

990

Other

547

1,919

1,303

8,724

268,528

240,128

531,637

490,456

Expenses:

Rental property operating expenses

84,666

74,179

167,251

151,335

Reimbursed expenses

172

119

292

296

General and administrative expenses

12,115

9,738

23,955

20,447

Interest expense

47,064

38,514

92,165

75,288

Operating property impairment

—

—

36,600

—

Depreciation and amortization

104,845

100,890

213,251

203,004

Other

389

443

827

865

249,251

223,883

534,341

451,235

Loss from unconsolidated joint ventures

(2,215)

(1,587)

(4,857)

(3,470)

Gain on investment property transaction

9,172

—

9,125

—

Net income

26,234

14,658

1,564

35,751

Net income attributable to noncontrolling interests

(76)

(175)

(262)

(371)

Net income available to common stockholders

$26,158

$14,483

$1,302

$35,380

Net income per common share — basic and diluted

$0.16

$0.09

$0.01

$0.21

Weighted average common shares — basic

164,561

167,930

165,685

167,870

Weighted average common shares — diluted

165,292

168,765

166,486

168,679

Cousins Properties

9

Q2 2026 Supplemental Information

KEY PERFORMANCE METRICS (1)

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Property Statistics

Consolidated Operating Properties

36

36

36

37

37

37

37

35

35

Consolidated Rentable Square Feet (in thousands)

19,877

20,081

20,081

20,373

20,373

20,373

20,805

20,130

20,130

Unconsolidated Operating Properties

3

3

3

3

3

3

4

4

4

Unconsolidated Rentable Square Feet (in thousands)

1,236

1,236

1,236

1,236

1,236

1,236

2,139

2,140

2,140

Total Operating Properties

39

39

39

40

40

40

41

39

39

Total Rentable Square Feet (in thousands)

21,113

21,317

21,317

21,609

21,609

21,609

22,944

22,270

22,270

Office Percent Leased (period end)

91.6%

92.1%

91.6%

90.0%

90.7%

90.7%

91.9%

92.8%

92.8%

Office Weighted Average Occupancy

88.6%

90.0%

89.1%

88.3%

88.3%

88.8%

88.9%

89.4%

89.2%

Office Leasing Activity (2)

Net Leased during the Period (SF, in thousands)

2,020

539

334

551

700

2,125

932

924

1,856

Net Rent (per SF)

$39.77

$35.87

$40.95

$39.18

$36.52

$37.76

$44.54

$41.35

$42.96

Net Free Rent (per SF)

(1.97)

(1.77)

(2.08)

(1.97)

(2.40)

(2.07)

(1.86)

(2.47)

(2.16)

Leasing Commissions (per SF)

(2.81)

(2.81)

(3.18)

(2.69)

(2.76)

(2.82)

(3.26)

(3.13)

(3.20)

Tenant Improvements (per SF)

(6.82)

(6.23)

(7.34)

(6.15)

(8.18)

(7.01)

(7.14)

(7.70)

(7.40)

Leasing Costs (per SF)

(11.60)

(10.81)

(12.60)

(10.81)

(13.34)

(11.90)

(12.26)

(13.30)

(12.76)

Net Effective Rent (per SF)

$28.17

$25.06

$28.35

$28.37

$23.18

$25.86

$32.28

$28.05

$30.20

Change in Second Generation Net Rent

28.2%

18.3%

27.2%

23.8%

19.9%

21.5%

28.7%

26.8%

27.8%

Change in Cash-Basis Second Generation Net Rent

8.5%

3.2%

10.9%

4.2%

0.2%

3.5%

15.2%

9.2%

12.2%

Same Property Information (3)

Percent Leased (period end)

91.2%

91.7%

91.1%

89.3%

90.1%

90.1%

91.5%

92.4%

92.4%

Weighted Average Occupancy

88.6%

89.4%

88.4%

87.4%

87.4%

88.1%

88.5%

88.8%

88.7%

Change in NOI (over prior year period)

5.1%

4.0%

3.2%

1.9%

0.4%

2.4%

1.7%

2.0%

1.8%

Change in Cash-Basis NOI (over prior year period)

4.8%

2.0%

1.2%

0.3%

0.03%

0.9%

5.5%

5.9%

5.6%

Development Pipeline (4)

Estimated Project Costs (in thousands)

$441,550

$294,550

$294,550

$294,550

$294,550

$294,550

—

—

—

Estimated Project Costs/Total Undepreciated Assets

4.1%

2.7%

2.6%

2.7%

2.6%

2.6%

—

—

—

Continued on next page

Cousins Properties

10

Q2 2026 Supplemental Information

KEY PERFORMANCE METRICS (1)

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Market Capitalization

Common Stock Price Per Share

$30.64

$29.50

$30.03

$28.94

$25.78

$25.78

$22.57

$29.98

$29.98

Common Stock/Units Outstanding (in thousands)

167,685

167,933

167,992

167,990

168,007

168,007

164,566

164,627

164,627

Equity Market Capitalization (in thousands)

$5,137,868

$4,954,024

$5,044,800

$4,861,631

$4,331,220

$4,331,220

$3,714,255

$4,935,517

$4,935,517

Debt (in thousands)

3,274,388

3,203,476

3,660,608

3,475,120

3,507,020

3,507,020

3,938,750

3,900,218

3,900,218

Total Market Capitalization (in thousands)

$8,412,256

$8,157,500

$8,705,408

$8,336,751

$7,838,240

$7,838,240

$7,653,005

$8,835,735

$8,835,735

Credit Ratios

Net Debt/Total Market Capitalization

38.8%

39.1%

37.2%

41.6%

44.6%

44.6%

51.3%

44.0%

44.0%

Net Debt/Total Undepreciated Assets

30.2%

29.7%

28.9%

31.2%

31.3%

31.3%

34.4%

34.3%

34.3%

Net Debt/Annualized EBITDAre

5.16

4.87

5.11

5.38

5.30

5.30

5.66

5.57

5.57

Fixed Charges Coverage (EBITDAre)

4.01

4.05

3.73

3.50

3.52

3.69

3.45

3.39

3.42

Dividend Information

Common Dividend per Share

$1.28

$0.32

$0.32

$0.32

$0.32

$1.28

$0.32

$0.32

$0.64

Funds From Operations (FFO) Payout Ratio

48.2%

43.0%

45.7%

46.1%

45.0%

44.9%

42.8%

42.3%

42.6%

Funds Available for Distribution (FAD) Payout Ratio

76.5%

71.0%

75.6%

76.3%

90.1%

77.7%

65.0%

71.8%

68.2%

Operations Ratio

Annualized General and Administrative Expenses/

Total Undepreciated Assets

0.34%

0.40%

0.35%

0.34%

0.31%

0.31%

0.41%

0.43%

0.43%

Additional Information

In-Place Gross Rent (per SF) (5)

$47.94

$48.66

$49.07

$49.76

$49.91

$49.91

$50.50

$50.07

$50.07

Straight-Line Rental Revenue (in thousands)

$24,508

$12,477

$11,283

$9,424

$6,117

$39,301

$9,544

$6,861

$16,405

Above and Below Market Rents Amortization, Net

(in thousands)

$6,167

$2,845

$2,828

$3,422

$3,514

$12,609

$4,104

$4,266

$8,370

Second Generation Capital Expenditures

(in thousands)

$116,093

$33,281

$28,636

$29,981

$47,457

$139,355

$26,625

$35,914

$62,539

(1)

For Non-GAAP Financial Measures, see the calculations and reconciliations on pages 32 through 38.

(2)

See Office Leasing Activity on page 20 for additional detail and explanations.

(3)

Same Property Information is derived from the pool of same operating office properties that existed in the period as originally reported. See Same Property Performance on page 19 and Non-

GAAP Financial Measures - Calculations and Reconciliations starting on page 32 for additional information.

(4)

The Company's share of estimated project costs.

(5)

In-place gross rent equals the annualized cash rent including the tenant's share of estimated operating expenses, if applicable, as of the end of the period divided by occupied square feet.

Cousins Properties

11

Q2 2026 Supplemental Information

KEY PERFORMANCE METRICS

Total Rentable Square Feet                  Equity Market Capitalization                   Net Debt / Annualized EBITDAre

Same Property NOI Change                Second Generation Net Rent Change                         In-Place Gross Rent (per SF) (1)

Cash-Basis (1)        Cash-Basis(1)

(1) Office properties only.

Note: See additional information included herein for calculations, definitions, and reconciliations to GAAP financial measures.

Cousins Properties

12

Q2 2026 Supplemental Information

FUNDS FROM OPERATIONS - SUMMARY

(amounts in thousands, except per share amounts)

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Net Income (Loss)

$46,581

$21,093

$14,658

$8,778

$(3,277)

$41,252

$(24,670)

$26,234

$1,564

Fee and Other Income

(12,390)

(10,168)

(2,411)

(2,378)

(3,398)

(18,355)

(3,833)

(5,052)

(8,885)

General and Administrative Expenses

36,566

10,709

9,738

9,510

8,685

38,642

11,840

12,115

23,955

Interest Expense

122,476

36,774

38,514

41,497

42,456

159,241

45,101

47,064

92,165

Operating Property Impairment (1)

—

—

—

—

13,286

13,286

36,600

—

36,600

Land and Related Predevelopment Cost Impairment (2)

—

—

—

—

1,034

1,034

—

—

—

Depreciation and Amortization

365,045

102,114

100,890

105,272

107,083

415,359

108,406

104,845

213,251

Reimbursed and Other Expenses

2,731

600

560

565

619

2,344

559

560

1,119

Loss from Unconsolidated Joint Ventures

2,796

1,883

1,587

2,682

2,007

8,159

2,642

2,215

4,857

NOI from Unconsolidated Joint Ventures

6,617

2,223

3,165

3,256

3,705

12,349

3,371

3,535

6,906

Transaction Loss (Gain)

(98)

—

—

—

—

—

47

(9,172)

(9,125)

NOI (3)

$570,324

$165,228

$166,701

$169,182

$172,200

$673,311

$180,063

$182,344

$362,407

Fee and Other Income (3)

12,522

10,183

2,450

2,400

3,445

18,478

3,865

5,096

8,961

General and Administrative Expenses

(36,566)

(10,709)

(9,738)

(9,510)

(8,685)

(38,642)

(11,840)

(12,115)

(23,955)

Interest Expense (3)

(126,960)

(38,763)

(40,753)

(44,327)

(45,106)

(168,949)

(47,834)

(49,699)

(97,533)

Reimbursed and Other Expenses (3)

(3,047)

(521)

(625)

(659)

(725)

(2,530)

(817)

(663)

(1,480)

Land and Related Predevelopment Cost Impairment (2)

—

—

—

—

(1,034)

(1,034)

—

—

—

Loss on Sales of Undepreciated Investment Properties (3)

(3)

—

—

—

—

—

—

—

—

Depreciation and Amortization of Non-Real Estate Assets

(461)

(117)

(121)

(121)

(129)

(488)

(140)

(145)

(285)

Partners' Share of FFO in Consolidated Joint Ventures

(1,717)

(467)

(420)

(429)

(429)

(1,745)

(430)

(173)

(603)

FFO (3)

$414,092

$124,834

$117,494

$116,536

$119,537

$478,401

$122,867

$124,645

$247,512

Weighted Average Common Shares - Diluted

154,015

168,593

168,765

168,738

168,770

168,716

167,681

165,292

166,486

FFO per Share (3)

$2.69

$0.74

$0.70

$0.69

$0.71

$2.84

$0.73

$0.75

$1.49

(1) The operating property impairments relate to One Eleven Congress in the first quarter of 2026 and Harborview in the fourth quarter of 2025.

(2) The land and related predevelopment cost impairment in the fourth quarter of 2025 relate to a land parcel at 303 Tremont. The bases of the land and predevelopment cost were $18.9 million and

$5.8 million, respectively, prior to impairment charges.

(3) The above amounts include our share of amounts from unconsolidated joint ventures for the respective category. The Company does not control the operations of these unconsolidated joint

ventures but believes including these amounts are meaningful to investors and analysts.

Cousins Properties

13

Q2 2026 Supplemental Information

FUNDS FROM OPERATIONS - DETAIL (1)

(amounts in thousands, except per share amounts)

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

NOI

Consolidated Properties

The Domain (2)

$78,929

$20,825

$21,725

$22,055

$22,130

$86,735

$22,185

$22,849

$45,034

Sail Tower

1,843

11,682

11,771

11,726

11,780

46,959

11,800

11,610

23,410

Corporate Center (2)

30,284

8,094

8,458

8,468

8,603

33,623

8,790

9,024

17,814

Terminus (2)

31,910

8,252

8,566

8,644

7,919

33,381

8,472

8,513

16,985

Vantage South End (2)

2,338

7,136

7,031

7,140

7,148

28,455

7,243

7,511

14,754

Spring & 8th (2)

29,471

7,375

7,369

7,412

7,380

29,536

7,344

7,367

14,711

Buckhead Plaza (2)

22,380

6,471

6,223

6,537

6,480

25,711

6,796

6,846

13,642

300 Colorado

24,062

6,541

6,726

6,686

6,820

26,773

6,812

6,683

13,495

Promenade Tower

16,714

5,433

5,501

5,761

5,984

22,679

6,657

6,826

13,483

300 South Tryon

—

—

—

—

—

—

4,770

7,224

11,994

Hayden Ferry (2)

17,818

4,560

4,621

4,559

5,129

18,869

6,065

5,741

11,806

BriarLake Plaza (2)

22,363

5,686

5,533

5,660

5,627

22,506

5,558

5,210

10,768

San Jacinto Center

20,161

4,495

4,409

4,547

4,710

18,161

4,993

4,598

9,591

Avalon (2)

16,821

3,483

3,625

3,646

3,892

14,646

4,468

4,890

9,358

The Link

—

—

—

3,258

4,483

7,741

4,515

4,569

9,084

The Terrace (2)

15,914

4,152

4,006

3,986

4,078

16,222

4,168

4,310

8,478

725 Ponce

17,913

4,162

4,146

4,156

4,121

16,585

4,186

4,172

8,358

Colorado Tower

17,655

4,252

3,663

3,550

4,085

15,550

4,233

4,023

8,256

Northpark (2)

20,652

4,818

3,920

3,822

3,857

16,417

3,983

4,174

8,157

3344 Peachtree

15,652

3,745

4,051

4,006

4,141

15,943

3,831

3,971

7,802

100 Mill

15,128

3,992

3,782

3,856

3,851

15,481

3,840

3,741

7,581

The RailYard

12,262

3,027

3,058

3,147

2,996

12,228

2,956

3,038

5,994

3350 Peachtree

6,748

1,970

2,274

2,511

2,709

9,464

2,677

2,729

5,406

201 North Tryon

19,168

4,795

4,983

3,442

2,968

16,188

2,768

2,622

5,390

Legacy Union One

9,505

2,372

2,360

2,367

2,358

9,457

2,545

2,517

5,062

Promenade Central

7,157

2,349

2,333

2,255

2,332

9,269

2,382

2,555

4,937

Heights Union (2)

10,606

2,623

2,677

2,614

2,657

10,571

2,506

2,361

4,867

Tempe Gateway

6,003

2,122

2,106

2,342

2,352

8,922

2,439

2,329

4,768

Domain Point (2)

8,332

2,040

2,040

1,843

2,045

7,968

1,963

1,971

3,934

5950 Sherry Lane

4,432

1,244

1,283

1,456

1,422

5,405

1,359

1,490

2,849

111 West Rio

5,648

1,419

1,400

1,408

1,424

5,651

1,396

1,406

2,802

550 South

8,396

1,875

1,859

1,861

1,505

7,100

1,284

1,489

2,773

The Pointe

4,906

1,316

1,251

1,223

1,317

5,107

1,351

1,400

2,751

3348 Peachtree

4,926

1,301

1,156

886

1,320

4,663

1,394

1,214

2,608

Meridian Mark Plaza

4,494

1,158

1,280

1,301

1,239

4,978

1,296

1,041

2,337

Other (3)

33,116

8,240

8,350

7,795

7,633

32,018

7,667

6,795

14,462

Subtotal - Consolidated

563,707

163,005

163,536

165,926

168,495

660,962

176,692

178,809

355,501

Continued on next page

Cousins Properties

14

Q2 2026 Supplemental Information

FUNDS FROM OPERATIONS - DETAIL (1)

(amounts in thousands, except per share amounts)

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Unconsolidated Properties (4)

Neuhoff (5)

113

400

1,328

1,436

2,031

5,195

1,772

1,942

3,714

Medical Offices at Emory Hospital

4,661

1,176

1,188

1,227

1,198

4,789

1,205

1,142

2,347

120 West Trinity (2)

1,100

286

228

244

243

1,001

240

268

508

Proscenium

743

361

421

349

233

1,364

154

183

337

Subtotal - Unconsolidated

6,617

2,223

3,165

3,256

3,705

12,349

3,371

3,535

6,906

Total Net Operating Income (1)

570,324

165,228

166,701

169,182

172,200

673,311

180,063

182,344

362,407

Fee and Other Income

Management Fees (6)

1,761

496

422

454

423

1,795

449

511

960

Termination Fees

3,405

2,866

—

512

1,709

5,087

1,831

2,240

4,071

Leasing & Other Fees

—

—

33

—

2

35

725

1,701

2,426

Development Fees

—

—

39

72

102

213

72

54

126

Interest Income from Real Estate Debt (7)

5,772

2,149

568

606

1,097

4,420

727

485

1,212

Other Income (8)

1,452

4,656

1,350

734

65

6,805

29

61

90

Other Income - Unconsolidated (4)

132

16

38

22

47

123

32

44

76

Total Fee and Other Income

12,522

10,183

2,450

2,400

3,445

18,478

3,865

5,096

8,961

General and Administrative Expenses

(36,566)

(10,709)

(9,738)

(9,510)

(8,685)

(38,642)

(11,840)

(12,115)

(23,955)

Interest Expense

Consolidated Interest Expense

Public Senior Notes, Unsecured ($500M)

(11,201)

(7,474)

(7,468)

(7,485)

(7,480)

(29,907)

(7,480)

(7,487)

(14,967)

Public Senior Notes, Unsecured ($500M)

—

—

(1,798)

(6,724)

(6,742)

(15,264)

(6,749)

(6,745)

(13,494)

Public Senior Notes, Unsecured ($400M)

(830)

(5,551)

(5,548)

(5,544)

(5,543)

(22,186)

(5,546)

(5,548)

(11,094)

Term Loan, Unsecured ($400M)

(23,510)

(5,539)

(5,356)

(5,425)

(5,221)

(21,541)

(4,919)

(4,620)

(9,539)

Public Senior Notes, Unsecured ($500M)

—

—

—

—

—

—

(2,881)

(6,310)

(9,191)

Credit Facility, Unsecured

(17,324)

(1,725)

(1,390)

(1,353)

(2,331)

(6,799)

(3,646)

(3,520)

(7,166)

Terminus (2)

(14,055)

(3,514)

(3,514)

(3,514)

(3,513)

(14,055)

(3,514)

(3,514)

(7,028)

Privately Placed Senior Notes, Unsecured ($275M)

(10,975)

(2,744)

(2,744)

(2,743)

(2,744)

(10,975)

(2,744)

(2,744)

(5,488)

Privately Placed Senior Notes, Unsecured ($250M)

(9,764)

(2,441)

(2,441)

(2,441)

(2,441)

(9,764)

(2,441)

(2,441)

(4,882)

Term Loan, Unsecured ($100M)

(17,967)

(3,482)

(3,486)

(3,598)

(3,373)

(13,939)

(2,226)

(1,125)

(3,351)

Privately Placed Senior Notes, Unsecured ($125M)

(4,789)

(1,197)

(1,198)

(1,197)

(1,197)

(4,789)

(1,197)

(1,198)

(2,395)

Privately Placed Senior Notes, Unsecured ($100M)

(4,146)

(1,036)

(1,036)

(1,037)

(1,036)

(4,145)

(1,036)

(1,037)

(2,073)

201 North Tryon

(4,265)

(1,046)

(1,038)

(1,030)

(1,023)

(4,137)

(1,015)

(1,006)

(2,021)

Colorado Tower

(3,732)

(918)

(911)

(905)

(905)

(3,639)

(899)

(890)

(1,789)

Other (9)

(12,467)

(2,490)

(2,489)

(135)

—

(5,114)

—

—

—

Capitalized (10)

12,549

2,383

1,903

1,634

1,093

7,013

1,192

1,121

2,313

Subtotal - Consolidated Interest Expense

(122,476)

(36,774)

(38,514)

(41,497)

(42,456)

(159,241)

(45,101)

(47,064)

(92,165)

Unconsolidated Interest Expense (4)

Neuhoff (5)

(2,452)

(1,481)

(1,731)

(2,322)

(2,142)

(7,676)

(2,225)

(2,127)

(4,352)

Medical Offices at Emory Hospital

(2,032)

(508)

(508)

(508)

(508)

(2,032)

(508)

(508)

(1,016)

Subtotal - Unconsolidated Interest Expense

(4,484)

(1,989)

(2,239)

(2,830)

(2,650)

(9,708)

(2,733)

(2,635)

(5,368)

Total Interest Expense

(126,960)

(38,763)

(40,753)

(44,327)

(45,106)

(168,949)

(47,834)

(49,699)

(97,533)

Continued on next page

Cousins Properties

15

Q2 2026 Supplemental Information

FUNDS FROM OPERATIONS - DETAIL (1)

(amounts in thousands, except per share amounts)

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Reimbursed and Other Expenses

Reimbursed Expenses (6)

(634)

(177)

(120)

(123)

(124)

(544)

(120)

(172)

(292)

Property Taxes and Other Land Holding Costs (4)

(1,020)

(355)

(387)

(320)

(334)

(1,396)

(416)

(367)

(783)

Predevelopment & Other Costs (4)

(1,393)

11

(118)

(216)

(267)

(590)

(281)

(124)

(405)

Land and Related Predevelopment Cost Impairment

—

—

—

—

(1,034)

(1,034)

—

—

—

Total Reimbursed and Other Expenses

(3,047)

(521)

(625)

(659)

(1,759)

(3,564)

(817)

(663)

(1,480)

Loss on Sales of Undepreciated Investment Properties

Consolidated

(3)

—

—

—

—

—

—

—

—

Total Loss on Sales of Undepreciated Investment Properties

(3)

—

—

—

—

—

—

—

—

—

—

Depreciation and Amortization of Non-Real Estate Assets

(461)

(117)

(121)

(121)

(129)

(488)

(140)

(145)

(285)

—

Partners' Share of FFO in Consolidated Joint Ventures

(1,717)

(467)

(420)

(429)

(429)

(1,745)

(430)

(173)

(603)

FFO

$414,092

$124,834

$117,494

$116,536

$119,537

$478,401

$122,867

$124,645

$247,512

Weighted Average Shares - Diluted

154,015

168,593

168,765

168,738

168,770

168,716

167,681

165,292

166,486

FFO per Share

$2.69

$0.74

$0.70

$0.69

$0.71

$2.84

$0.73

$0.75

$1.49

Note:

Amounts may differ slightly from other schedules contained herein due to rounding.

(1) See Non-GAAP Financial Measures - Calculations and Reconciliations beginning on page 32.

(2) Contains multiple buildings that are grouped together for reporting purposes.

(3) Primarily represents operating properties sold prior to or held for sale as of June 30, 2026 and also includes the College Street Garage and Domain 4. The Company plans to hold the Domain 4 site for future

development.

(4) Unconsolidated amounts included in the reconciliation above represent amounts recorded in unconsolidated joint ventures multiplied by the Company's ownership interest. The Company does not control the

operations of the unconsolidated joint ventures but believes including these amounts in the categories indicated is meaningful to investors and analysts.

(5) Represents the initial operations at our Neuhoff property, which is not yet stabilized.

(6) Reimbursed Expenses include costs incurred by the Company for management services provided to our unconsolidated joint ventures. The reimbursement of these costs by the unconsolidated joint ventures is

included in Management Fees.

(7) Included in Interest Income from Real Estate Debt for the first quarter of 2025 is $858,000 related to a minimum interest guaranty paid by the borrower of the Radius loan upon early repayment.

(8) Included in Other Income for the first quarter of 2025 is $4.6 million from the sale of our SVB bankruptcy claim.

(9) Primarily represents interest on consolidated loans repaid prior to June 30, 2026.

(10) Amounts of consolidated interest expense related to consolidated debt that are capitalized to consolidated development and redevelopment projects as well as to equity in unconsolidated development projects.

Cousins Properties

16

Q2 2026 Supplemental Information

PORTFOLIO STATISTICS (1)

Office Properties

Rentable

Square

Feet

Financial

Statement

Presentation

Company's

Ownership

Interest

End of Period Leased

Weighted Average

Occupancy (2)

% of Total

NOI / 2Q26

1Q26

2Q26

1Q26

2Q26

The Domain (3) (4)

2,080,000

Consolidated

100%

97.6%

99.2%

97.9%

97.6%

12.9%

Sail Tower

804,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

6.6%

300 Colorado

378,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

3.8%

San Jacinto Center

399,000

Consolidated

100%

90.3%

82.3%

87.6%

82.2%

2.6%

The Terrace (3)

619,000

Consolidated

100%

89.6%

91.3%

83.4%

84.3%

2.4%

Colorado Tower

373,000

Consolidated

100%

89.7%

96.3%

89.7%

89.7%

2.3%

Domain Point (3)

240,000

Consolidated

96.5%

93.6%

93.6%

93.6%

93.6%

1.1%

AUSTIN

4,893,000

95.8%

96.5%

94.9%

94.5%

31.7%

Terminus (3)

1,227,000

Consolidated

100%

83.8%

89.3%

81.8%

83.1%

4.7%

Spring & 8th (3)

765,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

4.1%

Buckhead Plaza (3)

680,000

Consolidated

100%

95.8%

95.4%

92.7%

92.4%

3.9%

Promenade Tower

777,000

Consolidated

100%

87.0%

88.8%

85.1%

86.6%

3.9%

Avalon (3)

481,000

Consolidated

100%

100.0%

100.0%

98.3%

100.0%

2.8%

725 Ponce

372,000

Consolidated

100%

87.6%

100.0%

87.6%

87.6%

2.4%

Northpark (3)

1,407,000

Consolidated

100%

83.7%

84.5%

69.3%

69.4%

2.4%

3344 Peachtree

485,000

Consolidated

100%

94.5%

96.5%

94.5%

94.2%

2.3%

3350 Peachtree

409,000

Consolidated

100%

91.8%

92.5%

91.8%

92.5%

1.5%

Promenade Central

367,000

Consolidated

100%

84.3%

92.7%

78.7%

81.1%

1.5%

3348 Peachtree

258,000

Consolidated

100%

77.0%

75.4%

77.0%

74.3%

0.7%

Meridian Mark Plaza

160,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

0.6%

Medical Offices at Emory Hospital

359,000

Unconsolidated

50%

99.2%

99.0%

99.2%

99.0%

0.6%

Proscenium

525,000

Unconsolidated

20%

61.6%

62.9%

44.8%

44.8%

0.1%

120 West Trinity Office

43,000

Unconsolidated

20%

74.2%

74.2%

74.2%

74.2%

0.1%

ATLANTA

8,315,000

89.3%

91.6%

85.2%

85.7%

31.6%

Vantage South End (3)

639,000

Consolidated

100%

97.4%

97.5%

97.4%

97.5%

4.3%

300 South Tryon (5)

637,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

4.1%

The RailYard

329,000

Consolidated

100%

99.0%

97.8%

98.1%

98.3%

1.7%

201 North Tryon

687,000

Consolidated

100%

49.0%

49.3%

48.8%

49.3%

1.5%

550 South

399,000

Consolidated

100%

77.9%

71.1%

55.8%

65.4%

0.8%

CHARLOTTE

2,691,000

82.9%

81.9%

77.6%

81.1%

12.4%

Hayden Ferry (3) (6)

805,000

Consolidated

100%

95.4%

96.3%

92.2%

90.1%

3.3%

100 Mill

287,000

Consolidated

100%

98.1%

98.2%

98.1%

98.2%

2.1%

Tempe Gateway

265,000

Consolidated

100%

98.4%

94.6%

95.7%

94.2%

1.3%

111 West Rio

225,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

0.8%

PHOENIX

1,582,000

97.3%

97.0%

95.4%

94.1%

7.5%

Continued on next page

Cousins Properties

17

Q2 2026 Supplemental Information

PORTFOLIO STATISTICS (1)

Office Properties

Rentable

Square

Feet

Financial

Statement

Presentation

Company's

Ownership

Interest

End of Period Leased

Weighted Average

Occupancy (2)

% of Total

NOI / 2Q26

1Q26

2Q26

1Q26

2Q26

Corporate Center (3)

1,229,000

Consolidated

100%

96.5%

96.5%

95.6%

94.9%

5.1%

Heights Union (3)

294,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

1.3%

The Pointe

253,000

Consolidated

100%

93.2%

94.6%

89.3%

93.1%

0.8%

TAMPA

1,776,000

96.6%

96.8%

95.5%

95.5%

7.2%

The Link (5)

292,000

Consolidated

100%

95.8%

95.9%

93.6%

94.5%

2.6%

Legacy Union One

319,000

Consolidated

100%

100.0%

100.0%

100.0%

100.0%

1.4%

5950 Sherry Lane

197,000

Consolidated

100%

98.5%

95.7%

87.3%

86.8%

0.8%

DALLAS

808,000

98.1%

97.5%

94.6%

94.8%

4.8%

BriarLake Plaza (3)

835,000

Consolidated

100%

97.0%

97.2%

94.1%

94.8%

3.0%

HOUSTON

835,000

97.0%

97.2%

94.1%

94.8%

3.0%

Neuhoff Office (5) (7)

396,000

Unconsolidated

50%

84.3%

95.8%

50.0%

56.1%

0.5%

NASHVILLE

396,000

84.3%

95.8%

50.0%

56.1%

0.5%

TOTAL OFFICE

21,296,000

91.9%

92.8%

88.9%

89.4%

98.7%

Other Properties (5)

Neuhoff Apartments - Nashville (542 units) (7)

454,000

Unconsolidated

50%

92.6%

93.2%

87.5%

87.8%

0.6%

College Street Garage - Charlotte

N/A

Consolidated

100%

N/A

N/A

N/A

N/A

0.5%

120 West Trinity Apartments -  Atlanta (330 units)

310,000

Unconsolidated

20%

96.3%

98.5%

95.5%

95.1%

0.1%

Neuhoff Retail - Nashville (7)

53,000

Unconsolidated

50%

46.6%

46.6%

46.6%

46.6%

0.1%

Domain 4 - Austin (4)

157,000

Consolidated

100%

33.4%

—%

33.4%

—%

—%

TOTAL OTHER

974,000

1.3%

TOTAL

22,270,000

100.0%

(1)

Represents the Company's operating properties, excluding properties in the development pipeline and properties sold prior to or held for sale as of June 30, 2026.

(2)

The weighted average occupancy of the property over the period for which the property was available for occupancy during the respective quarters.

(3)

Contains two or more buildings that are grouped together for reporting purposes.

(4)

Effective September 1, 2024, Domain 4 was excluded from the office square footage, end of period leased, weighted average occupancy, and Same Property. The Company plans to hold the Domain 4 site for future

development. Domain 9 stabilized on March 1, 2025 and was added to the portfolio statistics at that time. Domain 9 is not included in Same Property.

(5)

Not included in Same Property.

(6)

Effective October 1, 2023, Hayden Ferry I, a 207,000 square foot building, in this group of buildings was excluded from Same Property, end of period leased, and weighted average occupancy due to commencement

of the current full redevelopment of this building. This building will be excluded from the Phoenix and Total Office end of period leased and weighted average occupancy calculations until occupancy stabilizes. The

renovation is substantially complete, and as of June 30, 2026, the building was 95.7% leased and had a weighted average occupancy of 50.5%.

(7)

Following substantial completion in the first quarter of 2026, Phase I of our Neuhoff joint venture's development project was removed from our development pipeline and included above. Until stabilization this

property will be excluded from the Total Office end of period leased and weighted average occupancy calculations.

Cousins Properties

18

Q2 2026 Supplemental Information

PORTFOLIO STATISTICS

Second Quarter 2026 Portfolio NOI by Market

Nashville

1.2%

Charlotte

12.9%

Dallas

4.8%

Atlanta

31.7%

Phoenix

7.5%

Houston

3.0%

Austin

31.7%

Tampa

7.2%

Cousins Properties

19

Q2 2026 Supplemental Information

SAME PROPERTY PERFORMANCE (1)

($ in thousands)

Three Months Ended June 30,

2025

2026

$ Change

% Change

Rental Property Revenues (2)

$219,735

$231,052

$11,317

5.2%

Rental Property Operating Expenses (2)

67,285

75,544

8,259

12.3%

Same Property Net Operating Income

$152,450

$155,508

$3,058

2.0%

Cash-Basis Rental Property Revenues (3)

$199,942

$216,309

$16,367

8.2%

Cash-Basis Rental Property Operating Expenses (4)

67,107

75,618

8,511

12.7%

Cash-Basis Same Property Net Operating Income

$132,835

$140,691

$7,856

5.9%

End of Period Leased

92.2%

92.4%

Weighted Average Occupancy

90.1%

88.8%

Six Months Ended June 30,

2025

2026

$ Change

% Change

Rental Property Revenues (2)

$444,201

$459,914

$15,713

3.5%

Rental Property Operating Expenses (2)

138,779

149,063

10,284

7.4%

Same Property Net Operating Income

$305,422

$310,851

$5,429

1.8%

Cash-Basis Rental Property Revenues (3)

$402,226

$427,606

$25,380

6.3%

Cash-Basis Rental Property Operating Expenses (4)

138,418

148,975

10,557

7.6%

Cash-Basis Same Property Net Operating Income

$263,808

$278,631

$14,823

5.6%

Weighted Average Occupancy

89.7%

88.7%

(1)

Same Properties include those operating office properties that were stabilized and owned by the Company for the entirety of all comparable reporting periods

presented. See Portfolio Statistics on pages 16 and 17 for footnotes indicating which properties are not included in Same Property. See Non-GAAP Financial

Measures - Calculations and Reconciliations beginning on page 32.

(2)

Rental Property Revenues and Operating Expenses include results for the Company and its share of unconsolidated joint ventures and exclude termination fee

income. Net operating income for unconsolidated joint ventures is calculated as Rental Property Revenues less termination fee income and Rental Property

Operating Expenses at the joint ventures, multiplied by the Company's ownership interest. The Company does not control the operations of the unconsolidated

joint ventures but believes that including these amounts with consolidated net operating income is meaningful to investors and analysts.

(3)

Cash-Basis Rental Property Revenues include that of the Company and its share of unconsolidated joint ventures. It represents Rental Property Revenues,

excluding termination fee income, straight-line rents, other deferred income amortization, amortization of lease inducements, and amortization of acquired above

and below market rents.

(4)

Cash-Basis Rental Property Operating Expenses include that of the Company and its share of unconsolidated joint ventures. It represents Rental Property

Operating Expenses, excluding straight-line ground rent expense and amortization of above and below market ground rent expense.

Cousins Properties

20

Q2 2026 Supplemental Information

OFFICE LEASING ACTIVITY

Three Months Ended June 30, 2026

Six Months Ended June 30, 2026

New

Renewal

Expansion

Total

New

Renewal

Expansion

Total

Net leased square feet (1)

331,726

529,767

62,893

924,386

737,343

978,025

140,587

1,855,955

Number of transactions

25

19

5

49

43

38

17

98

Lease term in years (2)

9.0

8.4

9.6

8.7

8.7

6.8

8.6

7.7

Net effective rent calculation (per square foot

per year) (2)

Net annualized rent (3)

$41.22

$39.73

$55.62

$41.35

$42.51

$42.09

$51.24

$42.96

Net free rent

(2.84)

(2.03)

(4.19)

(2.47)

(3.07)

(1.33)

(3.07)

(2.16)

Leasing commissions

(3.55)

(2.75)

(4.10)

(3.13)

(3.54)

(2.84)

(3.85)

(3.20)

Tenant improvements

(10.67)

(5.45)

(10.97)

(7.70)

(10.60)

(4.80)

(8.76)

(7.40)

Total leasing costs

(17.06)

(10.23)

(19.26)

(13.30)

(17.21)

(8.97)

(15.68)

(12.76)

Net effective rent

$24.16

$29.50

$36.36

$28.05

$25.30

$33.12

$35.56

$30.20

Second generation leased square footage (4)

637,741

1,294,174

Increase in straight-line basis second generation net rent per square foot (5)

26.8%

27.8%

Increase in cash-basis second generation net rent per square foot (6)

9.2%

12.2%

(1)

Comprised of total square feet leased, unadjusted for ownership share. Excludes leases approximately one year or less, along with apartment,

retail, amenity, storage, and intercompany space leases.

(2)

Weighted average of net leased square feet.

(3)

Straight-line net rent per square foot (operating expense reimbursements deducted from gross leases) over the lease term, prior to any

deductions for leasing costs. Excludes percent rent leases.

(4)

Excludes leases executed for spaces that were vacant upon acquisition, new leases in development properties, percentage rent leases, and

leases for spaces that have been vacant for one year or more.

(5)

Increase in second generation straight-line basis net annualized rent on a weighted average basis.

(6)

Increase in second generation net cash rent at the end of the term paid by the prior tenant compared to net cash rent at the beginning of the

term (after any free rent period) paid by the current tenant on a weighted average basis. For early renewals, the final net cash rent paid under

the original lease is compared to the first net cash rent paid under the terms of the renewal. Net cash rent is net of any recovery of operating

expenses but prior to any deductions for leasing costs.

Cousins Properties

21

Q2 2026 Supplemental Information

OFFICE LEASE EXPIRATIONS

Lease Expirations by Year (1)

Year of Expiration

Square Feet

Expiring

% of Leased

Space

Annual

Contractual Rent

($ in thousands) (2)

% of Annual

Contractual

Rent

Annual

Contractual

Rent/Sq. Ft.

2026

435,578

2.3%

$19,853

1.9%

$45.58

2027

835,087

4.5%

38,493

3.6%

46.10

2028

1,663,619

9.0%

82,762

7.8%

49.75

2029

1,910,000

10.3%

96,957

9.2%

50.76

2030

1,735,389

9.3%

90,418

8.5%

52.10

2031

1,421,956

7.6%

81,937

7.7%

57.62

2032

1,867,635

10.1%

104,287

9.8%

55.84

2033

2,221,608

12.0%

138,002

13.0%

62.12

2034

1,351,058

7.3%

78,536

7.4%

58.13

2035 & Thereafter

5,123,808

27.6%

330,131

31.1%

64.43

Total

18,565,738

100.0%

$1,061,376

100.0%

$57.17

(1) Company's share of leases expiring after June 30, 2026, excluding leases at properties held for sale as of June 30, 2026. Expiring

square footage for which new leases have been executed is reflected based on the expiration date of the new lease.

(2) Annual Contractual Rent is the estimated rent in the year of expiration. It includes the minimum base rent and an estimate of the

tenant's share of operating expenses, if applicable, as defined in the respective leases.

Cousins Properties

22

Q2 2026 Supplemental Information

TOP 20 OFFICE TENANTS (1)

Tenant (2)

Number

of

Properties

Occupied

Number

of

Markets

Occupied

Company's

Share of

Square

Footage

Company's

Share of

Annualized

Rent

($ in thousands)

(3)

Percentage of

Company's

Share of

Annualized

Rent

Weighted

Average

Remaining

Lease Term

(Years)

1

Amazon

5

3

1,461,805

$80,477

9.0%

5.5

2

Alphabet (4)

1

1

799,149

48,128

5.4%

11.6

3

NCR Voyix

2

2

815,634

43,982

4.9%

6.9

4

ExxonMobil

1

1

298,396

21,862

2.4%

6.5

5

IBM

1

1

319,863

18,982

2.1%

14.2

6

Expedia

1

1

315,882

17,603

2.0%

4.8

7

Apache

1

1

362,803

14,567

1.6%

12.5

8

Ovintiv USA (5)

1

1

318,582

13,868

1.5%

0.8

9

Barings

1

1

203,319

9,644

1.1%

5.3

10

Deloitte

4

3

193,751

9,337

1.0%

8.0

11

McGuireWoods LLP

2

2

176,498

8,685

1.0%

14.5

12

ADP

1

1

225,000

8,320

0.9%

1.8

13

BlackRock

1

1

131,656

7,898

0.9%

9.9

14

McKinsey & Company

3

3

138,532

7,358

0.8%

6.3

15

Smurfit Westrock

1

1

181,351

7,041

0.8%

3.8

16

Amgen

1

1

163,169

7,003

0.8%

2.3

17

Time Warner Cable

2

1

119,018

6,432

0.7%

2.3

18

Samsung (6)

1

1

133,860

6,376

0.7%

1.0

19

Workday, Inc.

1

1

131,952

6,342

0.7%

7.0

20

Allstate

1

1

148,262

6,327

0.7%

3.5

Total

6,638,482

$350,232

39.0%

6.4

(1)

Excludes leases at properties held for sale as of June 30, 2026.

(2)

In some cases, the actual tenant may be an affiliate of the entity shown, and the entity shown may not be a guarantor of the obligations of

that tenant.

(3)

Annualized Rent represents the annualized cash rent including the tenant's share of estimated operating expenses, if applicable, paid by

the tenant as of June 30, 2026. If the tenant was in a free rent period as of June 30, 2026, Annualized Rent represents the annualized

contractual rent the tenant will pay in the first month it is required to pay full cash rent.

(4)

Effective June 1, 2026, Alphabet began to self manage the property, including directly paying some operating expenses. As a result,

operating expenses paid directly by Alphabet are no longer included in annualized rent.

(5)

In the third quarter of 2025, the Company proactively entered into an early termination agreement with Ovintiv. Approximately 88% of

Ovintiv's premises were previously subleased and following Ovintiv's expiration on June 30, 2026, the subtenants became direct tenants.

The above reflects these subtenants' remaining lease term as of June 30, 2026.

(6)

The weighted average lease term includes a second quarter 2026 eight year partial renewal of 11,000 square feet.

Cousins Properties

23

Q2 2026 Supplemental Information

TENANT INDUSTRY DIVERSIFICATION

(1) Annualized Rent represents the annualized cash rent including the tenant's share of estimated operating expenses, if applicable, paid by the tenant as of

June 30, 2026. If the tenant was in a free rent period as of June 30, 2026, Annualized Rent represents the annualized contractual rent the tenant will pay in

the first month the tenant is required to pay full rent.

Note: Management uses SIC codes when available, along with their judgment, to determine tenant industry classification. This schedule includes leases that

have commenced. Leases that have been signed but have not commenced and leases at properties held for sale as of June 30, 2026 are excluded.

Cousins Properties

24

Q2 2026 Supplemental Information

INVESTMENT ACTIVITY

Completed Operating Property Acquisitions

Property

Type

Market

Company's Ownership

Interest

Timing

Square Feet

Gross Purchase

Price

($ in thousands) (1)

2026

300 South Tryon

Office

Charlotte

100%

1Q

638,000

$317,500

100 Mill (2)

Office

Phoenix

100%

2Q

288,000

18,500

2025

The Link

Office

Dallas

100%

3Q

292,000

218,000

2024

Proscenium

Office

Atlanta

20%

3Q

525,000

83,250

Sail Tower

Office

Austin

100%

4Q

804,000

521,800

Vantage South End

Office

Charlotte

100%

4Q

639,000

328,500

2022

Avalon (3)

Office

Atlanta

100%

2Q

480,000

43,400

2021

725 Ponce

Office

Atlanta

100%

3Q

372,000

300,200

Heights Union

Office

Tampa

100%

4Q

294,000

144,800

4,332,000

$1,975,950

Completed Property Developments

Project

Type

Market

Company's Ownership

Interest

Timing (4)

Square Feet

Total Project Cost

($ in thousands) (1)

2026

Neuhoff Commercial -

Phase 1

Mixed

Nashville

50%

(5)

450,000

$306,000

Neuhoff Apartment

Residential

Nashville

50%

1Q

454,000

217,000

2025

Domain 9

Office

Austin

100%

1Q

338,000

147,000

2022

300 Colorado

Office

Austin

100%

1Q

369,000

193,000

100 Mill (2)

Office

Phoenix

90%

4Q

288,000

156,000

2021

10000 Avalon (3)

Office

Atlanta

90%

1Q

251,000

96,000

120 West Trinity

Mixed

Atlanta

20%

2Q

353,000

89,000

Domain 10

Office

Austin

100%

3Q

300,000

111,000

2,803,000

$1,315,000

(1) Except as otherwise noted, amounts represent total purchase prices, total project costs paid by the Company and, where applicable, its joint venture partner.

(2) Developed 100 Mill as the majority partner in a 90-10 joint venture, HICO 100 Mill LLC. In 2026, we purchased the outside interest of 10% in HICO 100 Mill LLC for $18.5 million in a

transaction that valued the property at $158.7 million.

(3) Developed 8000 Avalon and 10000 Avalon as the majority partner in 90-10 joint ventures, HICO Avalon LLC and HICO Avalon II LLC, respectively. In 2022, we purchased the outside interest

of 10% in HICO Avalon LLC and HICO Avalon II LLC for $43 million in a transaction that valued the properties at $302 million.

(4) Represents timing of stabilization.

(5) While construction is substantially complete, this operating property has not yet reached stabilization.

Cousins Properties

25

Q2 2026 Supplemental Information

INVESTMENT ACTIVITY

Completed Operating Property Dispositions

Property

Type

Market

Company's Ownership

Interest

Timing

Square Feet

Gross Sales Price

($ in thousands)

2026

Harborview Plaza

Office

Tampa

100%

1Q

206,000

$39,500

Research Park V

Office

Austin

100%

2Q

173,000

42,000

2022

Carolina Square

Mixed

Charlotte

50%

3Q

468,000

105,000

(1)

2021

Burnett Plaza

Office

Fort Worth

100%

2Q

1,023,000

137,500

One South at the Plaza

Office

Charlotte

100%

3Q

891,000

271,500

Dimensional Place

Office

Charlotte

50%

3Q

281,000

60,800

(1)

816 Congress

Office

Austin

100%

4Q

435,000

174,000

3,477,000

$830,300

(1) Amount represents proceeds, before debt and other adjustments, received by the Company for the sale of its unconsolidated interest in the joint venture to its partner.

Cousins Properties

26

Q2 2026 Supplemental Information

DEVELOPMENT PIPELINE

Project

Type

Market

Company's

Ownership

Interest

Construction

Start Date

Square

Feet/Units

Estimated Project

Cost

($ in thousands)

Company's

Share of

Estimated

Project Cost

($ in thousands)

Project Cost

Incurred to

Date

($ in thousands)

Company's Share

of Project Cost

Incurred to Date

($ in thousands)

Percent

Leased

Initial

Occupancy

Estimated

Stabilization

The Company had no projects under active development as of June 30, 2026.

Cousins Properties

27

Q2 2026 Supplemental Information

LAND INVENTORY

Market

Company's

Ownership

Interest

Financial Statement

Presentation

Total

Developable Land

(Acres)

3354/3356 Peachtree

Atlanta

95%

Consolidated

3.2

715 Ponce

Atlanta

50%

Unconsolidated

1.0

887 West Peachtree

Atlanta

100%

Consolidated

1.6

Domain Point 3

Austin

90%

Consolidated

1.7

Domain Central

Austin

100%

Consolidated

5.6

South End Station

Charlotte

100%

Consolidated

3.4

303 Tremont (1)

Charlotte

100%

Consolidated

2.4

Legacy Union 2 & 3

Dallas

95%

Consolidated

4.0

Neuhoff Commercial - Phase II (2)

Nashville

50%

Unconsolidated

1.4

Corporate Center 5 & 6 (3)

Tampa

100%

Consolidated

14.1

Total

38.4

Total Cost Basis of Land ($ in thousands)

$234,286

Company's Share of Cost Basis of Land ($ in thousands)

$191,742

(1)

303 Tremont is under contract for sale and is expected to close in the second half of 2026.

(2)

The cost basis for the Neuhoff Commercial - Phase II land site of $73 million includes costs related to initial parking and infrastructure work

completed during the construction of Phase I, of which the Company's share is 50%.

(3)

Corporate Center 5 is controlled through a long-term ground lease.

Cousins Properties

28

Q2 2026 Supplemental Information

DEBT SCHEDULE (1)

Company's Share of Debt Maturities and Principal Payments

($ in thousands)

Description (Interest Rate Base, if not fixed)

Company's

Ownership

Interest

Rate at

End of

Quarter

Maturity

Date (2)

2026

2027

2028

2029

2030

Thereafter

Total

Principal

Original

Issue

Discount

Deferred

Loan

Costs

Total

Consolidated Debt

Consolidated Debt - Floating Rate

Term Loan, Unsecured (SOFR + 0.800%) (3)

100%

4.420%

8/11/27

$—

$100,000

$—

$—

$—

$—

$100,000

$—

$(20)

$99,980

Term Loan, Unsecured (SOFR + 0.800%) (4)

100%

4.420%

3/3/28

—

—

200,000

—

—

—

200,000

—

(50)

199,950

Credit Facility, Unsecured (SOFR + 0.725%) (5)

100%

4.345%

4/1/31

—

—

—

—

—

167,000

167,000

—

—

167,000

Total Consolidated Floating Rate Debt

—

100,000

200,000

—

—

167,000

467,000

—

(70)

466,930

Consolidated Debt - Fixed Rate

Colorado Tower

100%

3.450%

9/1/26

99,721

—

—

—

—

—

99,721

—

—

99,721

201 North Tryon

100%

3.370%

10/1/26

116,941

—

—

—

—

—

116,941

—

(6)

116,935

Privately Placed Senior Notes, Unsecured

100%

4.090%

7/6/27

—

100,000

—

—

—

—

100,000

—

(42)

99,958

Privately Placed Senior Notes, Unsecured

100%

3.780%

7/6/27

—

125,000

—

—

—

—

125,000

—

(62)

124,938

Term Loan, Unsecured (4)

100%

4.418%

3/3/28

—

—

200,000

—

—

—

200,000

—

(50)

199,950

Privately Placed Senior Notes, Unsecured

100%

3.860%

7/6/28

—

—

250,000

—

—

—

250,000

—

(224)

249,776

Privately Placed Senior Notes, Unsecured

100%

3.950%

7/6/29

—

—

—

275,000

—

—

275,000

—

(335)

274,665

Public Senior Notes, Unsecured (6)

100%

5.250%

7/15/30

—

—

—

—

500,000

—

500,000

(53)

—

(3,401)

496,546

Terminus (7)

100%

6.340%

1/15/31

—

—

—

—

—

221,000

221,000

—

(204)

220,796

Public Senior Notes, Unsecured (8)

100%

5.375%

2/15/32

—

—

—

—

—

400,000

400,000

(1,745)

(2,813)

395,442

Public Senior Notes, Unsecured (9)

100%

4.875%

3/1/33

—

—

—

—

—

500,000

500,000

(3,568)

(4,069)

492,363

Public Senior Notes, Unsecured (10)

100%

5.875%

10/1/34

—

—

—

—

—

500,000

500,000

(1,252)

(4,704)

494,044

Total Consolidated Fixed Rate Debt

216,662

225,000

450,000

275,000

500,000

1,621,000

3,287,662

(6,618)

(15,910)

3,265,134

Total Consolidated Debt

216,662

325,000

650,000

275,000

500,000

1,788,000

3,754,662

(6,618)

(15,980)

3,732,064

Unconsolidated Debt

Unconsolidated Debt - Floating Rate

Neuhoff (SOFR + 3.000%) (11)

50%

6.630%

9/30/27

—

127,014

—

—

—

—

127,014

—

(124)

126,890

.

Unconsolidated Debt - Fixed Rate

Medical Offices at Emory Hospital

50%

4.800%

6/1/32

—

—

—

—

—

41,500

41,500

—

(236)

41,264

Total Unconsolidated Debt

—

127,014

—

—

—

41,500

168,514

—

(360)

168,154

Total Debt

$216,662

$452,014

$650,000

$275,000

$500,000

$1,829,500

$3,923,176

$(6,618)

$(16,340)

$3,900,218

Total Maturities (12)

$215,159

$452,014

$650,000

$275,000

$500,000

$1,829,500

$3,921,673

% of Maturities

5%

12%

17%

7%

13%

46%

100%

Continued on next page

Cousins Properties

29

Q2 2026 Supplemental Information

DEBT SCHEDULE (1)

Credit Facility

$207M

Construction

Loan

$125M

Mortgage

$71

Unsecured

Senior Notes

$250M

Term Loan

$100M

Mortgage $42M

Construction

Loan

$127M

Credit Facility

$167M

Unsecured

Senior Notes

$400M

Unsecured

Senior Notes

Unsecured

Senior Notes

Unsecured

Senior Notes

Term Loan

$400M

Unsecured

Senior Notes

$225M

Unsecured

Senior Notes

Mortgages

$221M

Mortgages

Continued on next page

Cousins Properties

30

Q2 2026 Supplemental Information

DEBT SCHEDULE (1)

Floating and Fixed Rate Debt Analysis

Total Principal

($ in thousands)

Total Debt

(%)

Weighted Average

Interest Rate

Weighted Average

Maturity (Years) (2)

Floating Rate Debt

$594,014

15%

4.87%

2.4

Fixed Rate Debt

3,329,162

85%

4.90%

4.5

Total Debt

$3,923,176

100%

4.89%

4.2

(1)

All amounts are presented at Company share.

(2)

Maturity dates shown assume the Company exercises all extensions available as of the date of this report.

(3)

The Company exercised the fifth of its six consecutive options to extend the maturity date of this term loan. This extension will become effective August 19, 2026, and

will extend the maturity date to February 12, 2027. One additional six month extension option remains unexercised. The spread over SOFR at June 30, 2026, was 1.00%.

In February 2026, the Company paid $150 million towards the principal of the term loan. In April 2026, the Company entered into the fourth amendment of the term

loan agreement, which granted two additional 180 day extension options, extending the final maturity date to August 11, 2027, and updated the spread over SOFR of

1.00% to 0.80%.

(4)

The Company exercised the fourth of its six consecutive options to extend the maturity date of this term loan. This extension will become effective September 3, 2026,

and will extend the maturity date to March 3, 2027. Two additional six month extension options remain unexercised. At the time of the third extension, the Company

elected six month Term SOFR +0.85% for $200 million of the debt outstanding, fixing the underlying SOFR interest rate at 3.618% through September 3, 2026. In April

2026, we entered into second amendment to the delayed draw term loan, which granted two additional six month extension options, extending the final maturity date

to March 3, 2028, and reducing the spread over SOFR of 0.85% to the spread over SOFR +0.80%. As of June 30, 2026, the spread over SOFR of the remaining $200

million of the term loan was 0.80%.

(5)

In April 2026, the Company entered into the sixth amendment to the Credit Facility, which increased the facility's capacity from $1.0 billion to $1.2 billion and extended

the maturity date from April 30, 2027 to April 1, 2031. Additionally, the amendment reduced the spread over SOFR of 0.775% to the spread over SOFR of 0.725%. As of

June 30, 2026, the Company had $167.0 million drawn under the Credit Facility and had the ability to borrow an additional $1.0 billion.

(6)

This note has a coupon of 5.25% with an effective rate of 5.251% including the original issue discount.

(7)

Represents $123.0 million and $98.0 million non-cross collateralized mortgages secured by the Terminus 100 and Terminus 200 buildings, respectively.

(8)

This note has a coupon of 5.375% with an effective rate of 5.464% including the original issue discount.

(9)

This note has a coupon of 4.875% with an effective rate of 5.001% including the original issue discount.

(10)

This note has a coupon of 5.875% with an effective rate of 5.912% including the original issue discount.

(11)

The Company's share of the total borrowing capacity of the construction loan is approximately $136.8 million. The maturity date of the construction loan is September

30, 2026, and the spread in excess of SOFR is 3.00%. The joint venture has an option to extend the maturity date an additional 12 months, subject to certain conditions.

(12)

Maturities include principal payments due at the maturity date. Maturities do not include scheduled principal payments due prior to the maturity date.

Cousins Properties

31

Q2 2026 Supplemental Information

JOINT VENTURE INFORMATION (1)

Joint Venture

Property

Cash Flows to Cousins (2)

Options

Consolidated:

TR Domain Point LLC

Domain Point

Preferred return on preferred

equity contribution, then 96.5% of

remaining cash flows.

Partner has put options under various circumstances.

Unconsolidated:

AMCO 120 WT Holdings LLC

120 West Trinity

20% of cash flows.

Cousins or partner can trigger a buyout upon which

Cousins would receive the office component, and partner

would receive the multifamily component, with a net

settlement at a then agreed upon value.

Crawford Long-CPI, LLC

Medical Offices at

Emory Hospital

50% of cash flows.

Cousins can put its interest to partner, or partner can call

Cousins' interest, at a value determined by appraisal.

Neuhoff Holdings LLC

Neuhoff

50% of cash flows until return of

contributed capital to partners;

portions of cash amounts received

in excess of contributed capital to

equity partners are paid to

development partner as a

promote.

Cousins or its equity partner can trigger a sale process,

subject to a right of first offer that can be exercised by

the non-triggering party.

TL CO Proscenium JV LLC

Proscenium

20% of cash flows.

Cousins' equity partner can trigger a sale process, subject

to a right of first offer that can be exercised by Cousins.

Additionally, Cousins has a put option under various

circumstances.

(1)

This schedule only contains information related to joint ventures that hold an ownership interest in operating office buildings or projects under

active development.

(2)

Each respective joint venture agreement may contain additional terms that affect the distribution of operating cash flows and capital transaction

proceeds that are not yet effective, including the distribution of promoted interest.

Cousins Properties

32

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

FFO and EBITDAre

Net income (loss) available to common stockholders

$45,962

$20,897

$14,483

$8,590

$(3,467)

$40,503

$(24,856)

$26,158

$1,302

Depreciation and amortization of real estate assets:

Consolidated properties

364,584

101,996

100,769

105,152

106,954

414,871

108,267

104,699

212,966

Share of unconsolidated joint ventures

4,745

2,212

2,489

3,034

3,004

10,739

3,053

3,057

6,110

Partners' share of real estate depreciation

(1,106)

(274)

(250)

(241)

(240)

(1,005)

(240)

(101)

(341)

Operating property impairment

—

—

—

—

13,286

13,286

36,600

—

36,600

Loss (gain) on depreciated property transactions:

Consolidated properties

(101)

—

—

—

—

—

47

(9,172)

(9,125)

Non-controlling interest related to unitholders

8

3

3

1

—

7

(4)

4

—

FFO (1)

414,092

124,834

117,494

116,536

119,537

478,401

122,867

124,645

247,512

Interest Expense

126,960

38,763

40,753

44,327

45,106

168,949

47,834

49,699

97,533

Non-Real Estate Depreciation and Amortization

461

117

121

121

130

489

140

145

285

EBITDAre (1)

541,513

163,714

158,368

160,984

164,773

647,839

170,841

174,489

345,330

FFO and Net Operating Income from Unconsolidated

Joint Ventures

Loss from Unconsolidated Joint Ventures

(2,796)

(1,883)

(1,587)

(2,682)

(2,007)

(8,159)

(2,642)

(2,215)

(4,857)

Depreciation and Amortization of Real Estate Assets

4,745

2,212

2,489

3,034

3,004

10,739

3,053

3,057

6,110

FFO - Unconsolidated Joint Ventures

1,949

329

902

352

997

2,580

411

842

1,253

Interest Expense

4,484

1,989

2,239

2,830

2,650

9,708

2,733

2,635

5,368

Other Expense

316

(79)

62

99

102

184

259

101

360

Other Income

(132)

(16)

(38)

(25)

(44)

(123)

(32)

(43)

(75)

Net Operating Income - Unconsolidated Joint Ventures

6,617

2,223

3,165

3,256

3,705

12,349

3,371

3,535

6,906

Market Capitalization

Common Stock Price Per Share at Period End

$30.64

$29.50

$30.03

$28.94

$25.78

$25.78

$22.57

$29.98

$29.98

Number of Common Stock/Units Outstanding at

Period End

167,685

167,933

167,992

167,990

168,007

168,007

164,566

164,627

164,627

Equity Market Capitalization

5,137,868

4,954,024

5,044,800

4,861,631

4,331,220

4,331,220

3,714,255

4,935,517

4,935,517

Consolidated Debt

3,095,666

3,020,741

3,476,761

3,309,383

3,340,815

3,340,815

3,772,182

3,732,064

3,732,064

Share of Unconsolidated Debt

178,722

182,735

183,847

165,737

166,205

166,205

166,568

168,154

168,154

Debt (1)

3,274,388

3,203,476

3,660,608

3,475,120

3,507,020

3,507,020

3,938,750

3,900,218

3,900,218

Total Market Capitalization

8,412,256

8,157,500

8,705,408

8,336,751

7,838,240

7,838,240

7,653,005

8,835,735

8,835,735

Credit Ratios

Debt (1)

3,274,388

3,203,476

3,660,608

3,475,120

3,507,020

3,507,020

3,938,750

3,900,218

3,900,218

Less: Cash and Cash Equivalents

(7,349)

(5,330)

(416,840)

(4,675)

(5,720)

(5,720)

(6,296)

(6,699)

(6,699)

Less: Share of Unconsolidated Cash and Cash

Equivalents (1)

(6,821)

(6,332)

(4,448)

(6,484)

(5,633)

(5,633)

(6,333)

(6,314)

(6,314)

Net Debt (1)

3,260,218

3,191,814

3,239,320

3,463,961

3,495,667

3,495,667

3,926,121

3,887,205

3,887,205

Total Market Capitalization

8,412,256

8,157,500

8,705,408

8,336,751

7,838,240

7,838,240

7,653,005

8,835,735

8,835,735

Net Debt / Total Market Capitalization

38.8%

39.1%

37.2%

41.6%

44.6%

44.6%

51.3%

44.0%

44.0%

Continued on next page

Cousins Properties

33

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Total Assets - Consolidated

8,802,146

8,663,360

9,051,863

8,900,481

8,890,132

8,890,132

9,087,843

9,040,873

9,040,873

Accumulated Depreciation - Consolidated

1,821,559

1,893,215

1,982,700

2,045,711

2,120,930

2,120,930

2,164,229

2,134,798

2,134,798

Undepreciated Assets - Unconsolidated (1)

356,091

363,789

368,322

375,572

376,850

376,850

378,996

382,902

382,902

Less: Investment in Unconsolidated Joint Ventures

(185,478)

(191,505)

(192,420)

(215,507)

(215,301)

(215,301)

(213,988)

(212,792)

(212,792)

Total Undepreciated Assets (1)

10,794,318

10,728,859

11,210,465

11,106,257

11,172,611

11,172,611

11,417,080

11,345,781

11,345,781

Net Debt (1)

3,260,218

3,191,814

3,239,320

3,463,961

3,495,667

3,495,667

3,926,121

3,887,205

3,887,205

Net Debt / Total Undepreciated Assets (1)

30.2%

29.7%

28.9%

31.2%

31.3%

31.3%

34.4%

34.3%

34.3%

Coverage Ratios (1)

Interest Expense

126,960

38,763

40,753

44,327

45,106

168,949

47,834

49,699

97,533

Scheduled Principal Payments

8,222

1,667

1,681

1,696

1,710

6,754

1,725

1,740

3,465

Fixed Charges

135,182

40,430

42,434

46,023

46,816

175,703

49,559

51,439

100,998

EBITDAre

541,513

163,714

158,368

160,984

164,773

647,839

170,841

174,489

345,330

EBITDAre / Fixed Charges  (1)

4.01

4.05

3.73

3.50

3.52

3.69

3.45

3.39

3.42

Net Debt

3,260,218

3,191,814

3,239,320

3,463,961

3,495,667

3,495,667

3,926,121

3,887,205

3,887,205

Annualized EBITDAre (2)

632,139

654,856

633,472

643,936

659,092

659,092

694,096

697,956

697,956

Net Debt / Annualized EBITDAre

5.16

4.87

5.11

5.38

5.30

5.30

5.66

5.57

5.57

Dividend Information

Common Dividends

199,679

53,732

53,746

53,746

53,754

214,978

52,646

52,672

105,318

FFO

414,092

124,834

117,494

116,536

119,537

478,401

122,867

124,645

247,512

FFO Payout Ratio

48.2%

43.0%

45.7%

46.1%

45.0%

44.9%

42.8%

42.3%

42.6%

Operations Ratio

Total Undepreciated Assets (1)

10,794,318

10,728,859

11,210,465

11,106,257

11,172,611

11,172,611

11,417,080

11,345,781

11,345,781

General and Administrative Expenses

36,566

10,709

9,738

9,510

8,685

38,642

11,840

12,115

23,955

Annualized General and Administrative Expenses (2) /

Total Undepreciated Assets

0.34%

0.40%

0.35%

0.34%

0.31%

0.31%

0.41%

0.43%

0.43%

Continued on next page

Cousins Properties

34

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

2024

2025 1st

2025 2nd

2025 3rd

2025 4th

2025

2026 1st

2026 2nd

YTD 2026

Net income (loss) available to common stockholders

$45,962

$20,897

$14,483

$8,590

$(3,467)

$40,503

$(24,856)

$26,158

$1,302

Depreciation and amortization of real estate assets

368,223

103,934

103,008

107,945

109,718

424,605

111,080

107,655

218,735

Loss (gain) on depreciated property transactions

(101)

—

—

—

—

—

47

(9,172)

(9,125)

Operating property impairment

—

—

—

—

13,286

13,286

36,600

—

36,600

Non-controlling interest related to unitholders

8

3

3

1

—

7

(4)

4

—

FFO (1)

414,092

124,834

117,494

116,536

119,537

478,401

122,867

124,645

247,512

Non-Cash Debt Amortization

4,068

1,056

997

1,290

1,188

4,531

1,229

1,511

2,740

Non-Cash Stock-Based Compensation

14,782

5,993

3,746

3,379

3,356

16,474

6,013

3,670

9,683

Non-Real Estate Depreciation and Amortization

461

117

121

121

130

489

140

145

285

Lease Inducement Amortization

2,169

531

267

938

650

2,386

431

698

1,129

Straight-Line Rent Ground Leases

470

118

118

72

100

408

99

(212)

(113)

Above and Below Market Ground Rent

240

52

53

52

125

282

71

70

141

Deferred Income - Tenant Improvements

(28,598)

(8,472)

(8,947)

(9,147)

(9,353)

(35,919)

(9,522)

(10,088)

(19,610)

Above and Below Market Rents, Net

(6,167)

(2,845)

(2,828)

(3,422)

(3,514)

(12,609)

(4,104)

(4,266)

(8,370)

Second Generation Capital Expenditures (CAPEX)

(116,093)

(33,281)

(28,636)

(29,981)

(47,457)

(139,355)

(26,625)

(35,914)

(62,539)

Straight-Line Rental Revenue

(24,508)

(12,477)

(11,283)

(9,424)

(6,117)

(39,301)

(9,544)

(6,861)

(16,405)

Land and Related Predevelopment Costs Impairment

—

—

—

—

1,034

1,034

—

—

—

Loss on Sales of Undepreciated Investment Properties

3

—

—

—

—

—

—

—

—

FAD (1)

260,919

75,626

71,102

70,414

59,679

276,821

81,055

73,398

154,453

Weighted Average Shares - Diluted

154,015

168,593

168,765

168,738

168,770

168,716

167,681

165,292

166,486

FAD per share

$1.69

$0.45

$0.42

$0.42

$0.35

$1.64

$0.48

$0.44

$0.93

Common Dividends on outstanding shares

199,679

53,732

53,746

53,746

53,754

214,978

52,646

52,672

105,318

Common Dividends per share

$1.28

$0.32

$0.32

$0.32

$0.32

$1.28

$0.32

$0.32

$0.64

FAD Payout Ratio

76.5%

71.0%

75.6%

76.3%

90.1%

77.7%

65.0%

71.8%

68.2%

2nd Generation CAPEX

Second Generation Leasing Costs

86,829

24,789

21,475

18,944

36,482

101,690

16,863

25,836

42,699

Second Generation Building Improvements

29,264

8,492

7,161

11,037

10,975

37,665

9,762

10,078

19,840

116,093

33,281

28,636

29,981

47,457

139,355

26,625

35,914

62,539

(1) Includes the Company's share of unconsolidated joint ventures. These amounts are derived from the amounts in the categories indicated that are recorded at the joint venture multiplied

by the Company's ownership interest. The Company does not control the operations of the unconsolidated joint ventures but believes that including these amounts in the categories

indicated is meaningful to investors and analysts.

(2) Amounts represent most recent quarter annualized with the exception of annualized EBITDAre, which includes adjustments to reflect a full year of NOI from operating properties acquired

during the most recent quarter.

Note:  Amounts may differ slightly from other schedules contained herein due to rounding.

Cousins Properties

35

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

FUNDS FROM OPERATIONS

(in thousands, except per share amounts)

Three Months Ended June 30,

2026

2025

Dollars

Weighted

Average

Common

Shares

Per

Share

Amount

Dollars

Weighted

Average

Common

Shares

Per

Share

Amount

Net Income Available to Common Stockholders

$26,158

164,561

$0.16

$14,483

167,930

$0.09

Noncontrolling interest related to unitholders

4

25

—

3

25

—

Conversion of unvested restricted stock units

—

706

—

—

810

—

Net Income — Diluted

26,162

165,292

0.16

14,486

168,765

0.09

Depreciation and amortization of real estate assets:

Consolidated properties

104,699

—

0.63

100,769

—

0.60

Share of unconsolidated joint ventures

3,057

—

0.02

2,489

—

0.01

Partners' share of real estate depreciation

(101)

—

—

(250)

—

—

Gain on investment property transactions

(9,172)

—

(0.06)

—

—

—

Funds From Operations

$124,645

165,292

$0.75

$117,494

168,765

$0.70

Continued on next page

Cousins Properties

36

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

(in thousands, except per share amounts)

Six Months Ended June 30,

2026

2025

Dollars

Weighted

Average

Common

Shares

Per

Share

Amount

Dollars

Weighted

Average

Common

Shares

Per

Share

Amount

Net Income Available to Common Stockholders

$1,302

165,685

$0.01

$35,380

167,870

$0.21

Noncontrolling interest related to unitholders

—

25

—

6

25

—

Conversion of unvested restricted stock units

—

776

—

—

784

—

Net Income — Diluted

1,302

166,486

0.01

35,386

168,679

0.21

Depreciation and amortization of real estate assets:

Consolidated properties

212,966

—

1.27

202,765

—

1.20

Share of unconsolidated joint ventures

6,110

—

0.04

4,701

—

0.03

Partners' share of real estate depreciation

(341)

—

—

(524)

—

—

Gain on investment property transactions

(9,125)

—

(0.05)

—

—

—

Operating property impairment

36,600

—

0.22

—

—

—

Funds From Operations

$247,512

166,486

$1.49

$242,328

168,679

$1.44

The tables above show FFO and the related reconciliation from Net Income Available to Common Stockholders for Cousins Properties Incorporated and Subsidiaries.

See page 39 for definition of FFO.

Cousins Properties

37

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

($ in thousands)

($ in thousands)

Three Months Ended

Six Months Ended

Net Operating Income

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net income

$26,234

$14,658

$1,564

$35,751

Net operating income from unconsolidated joint ventures

3,535

3,165

6,906

5,388

Fee income

(2,267)

(494)

(3,512)

(990)

Termination fee income

(2,239)

—

(4,070)

(2,866)

Other income

(547)

(1,919)

(1,303)

(8,724)

Reimbursed expenses

172

119

292

296

General and administrative expenses

12,115

9,738

23,955

20,447

Interest expense

47,064

38,514

92,165

75,288

Operating property impairment

—

—

36,600

—

Depreciation and amortization

104,845

100,890

213,251

203,004

Other expenses

389

443

827

865

Loss from unconsolidated joint ventures

2,215

1,587

4,857

3,470

Gain on investment property transactions

(9,172)

—

(9,125)

—

Net Operating Income

182,344

166,701

362,407

331,929

Less:

Partners' share of NOI from consolidated joint ventures

(192)

(450)

(645)

(920)

Cousins' share of NOI

$182,152

$166,251

$361,762

$331,009

Net Operating Income

$182,344

$166,701

$362,407

$331,929

Non-cash income

(20,252)

(22,563)

(43,017)

(46,315)

Non-cash expense

(36)

227

192

501

Cash-Basis Net Operating Income

$162,056

$144,365

$319,582

$286,115

Net Operating Income

Same Property

$155,508

$152,450

$310,851

$305,422

Non-Same Property

26,836

14,251

51,556

26,507

$182,344

$166,701

$362,407

$331,929

Cash-Basis Net Operating Income

Same Property

$140,691

$132,835

$278,631

$263,808

Non-Same Property

21,365

11,530

40,951

22,307

$162,056

$144,365

$319,582

$286,115

Cousins Properties

38

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - CALCULATIONS AND RECONCILIATIONS

RECONCILIATION OF 2026 PROJECTED NET INCOME AVAILABLE

TO COMMON STOCKHOLDERS TO 2026 PROJECTED FFO

Full Year 2026 Guidance

(in thousands, except per share amounts)

Low

High

Dollars

Per Share

Amount (1)

Dollars

Per Share

Amount (1)

Net Income Available to Common Stockholders

$14,860

$0.08

$24,861

$0.14

Add: Noncontrolling interest related to unitholders

2

—

4

—

Net Income

14,862

0.08

24,865

0.14

Add: Depreciation and amortization of real estate assets

444,506

2.67

444,506

2.67

Add: Operating property impairment

36,600

0.22

36,600

0.22

Subtract: Gain on investment property transactions

(9,125)

(0.05)

(9,125)

(0.05)

Funds From Operations

$486,843

$2.92

$496,846

$2.98

(1) Calculated based on projected weighted average shares outstanding of 166.7 million.

R2  Weight Average Shares

166,727

24.57

Cousins Properties

39

Q2 2026 Supplemental Information

NON-GAAP FINANCIAL MEASURES - DEFINITIONS

The Company uses non-GAAP financial measures in its filings and other public

disclosures. The following lists non-GAAP financial measures that the Company

commonly uses, a description for each measure, the reasons that management

believes the measure is useful to investors and, if material, additional uses of the

measure by management of the Company.

“Cash-Basis Net Operating Income” represents Net Operating Income excluding

straight-line rents, amortization of lease inducements, amortization of acquired above

and below market rents, and non-cash ground lease expense.

“EBITDAre” is a supplemental operating performance measure used in the real

estate industry. The Company calculates EBITDAre in accordance with the Nareit

definition, which is net income (loss) available to common stockholders (computed in

accordance with GAAP) plus interest expense, income tax expense, depreciation and

amortization, losses (gains) on the disposition of depreciated property, and

impairment of depreciated property. All additions include the Company's share of

unconsolidated joint ventures. Management believes that EBITDAre provides analysts

and investors with uniform and appropriate information to use in various ratios that

evaluate the Company's level of debt.

"Funds Available for Distribution” (“FAD”) represents FFO adjusted to exclude

the effect of non-cash items and transaction costs and include deductions for second

generation Capital Expenditures ("CAPEX"). Management believes that FAD provides

analysts and investors with information that assists in the comparability of the

Company's dividend policy with other real estate companies.

“Funds From Operations” (“FFO”) is a supplemental operating performance

measure used  in  the real estate industry. The Company calculates FFO in accordance

with the Nareit definition: net income (loss) available to common  stockholders

(computed in accordance  with GAAP), excluding depreciation and amortization

related to real estate, gains and losses from sales of depreciable property, gains and

losses from changes in control, impairment of depreciable real estate and after

adjustments for unconsolidated partnerships and joint ventures to reflect FFO on the

same basis. FFO is used by industry analysts and investors as a supplemental measure

of an equity REIT's operating performance. Historical cost accounting for real estate

assets implicitly assumes that the value of real estate assets diminishes predictably

over time. Since real estate values instead have historically risen or fallen with market

conditions, many industry investors and analysts have considered presentation of

operating results for real estate companies that use historical cost accounting to be

insufficient by themselves. Thus, Nareit created FFO as a supplemental measure of

REIT operating performance that excludes historical cost depreciation, among other

items, from GAAP net income. Management believes that the use of FFO, combined

with the required primary GAAP presentations, has been fundamentally beneficial,

improving the understanding of operating results of REITs among the investing public

and making comparisons of REIT operating results more meaningful. Company

management evaluates operating performance in part based on FFO. Additionally,

the Company uses FFO and FFO per share, along with other measures, as a

performance measure for incentive compensation to its officers and other key

employees.

“Net Debt” represents the Company's consolidated debt plus the Company's

share of unconsolidated debt, less consolidated cash and cash equivalents and our

share of unconsolidated cash and cash equivalents. The Company believes excluding

cash and cash equivalents from total debt provides an estimate of the net contractual

amount of borrowed capital to be repaid, which it believes is a beneficial disclosure to

investors and analysts.

“Net Operating Income” ("NOI") is used by industry analysts, investors, and

Company management to measure operating performance of the Company's

properties. NOI, which is rental property revenues (excluding termination fee income)

less rental property operating expenses, excludes certain components from net

income in order to provide results that are more closely related to a property's results

of operations. Certain items, such as interest expense, while included in FFO and net

income, do not affect the operating performance of a real estate asset and are often

incurred at the corporate level as opposed to the property level. As a result,

management uses only those income and expense items that are incurred at the

property level to evaluate a property's performance. Depreciation, amortization,

gains or losses on sales of depreciated investment assets, and impairment are also

excluded from NOI for the reasons described under FFO.

“Same Property Net Operating Income” represents Net Operating Income or

Cash-Basis Net Operating Income for those operating office properties that were

stabilized and owned by the Company for the entirety of all comparable reporting

periods presented. Same Property Net Operating Income or Cash-Basis Same

Property Net Operating Income allows analysts, investors, and management to

analyze continuing operations and evaluate the growth trend of the Company's

portfolio.

“Second Generation Leasing Costs" and "Second Generation Building

Improvements” is used in the valuation and analysis of real estate. Because the

Company develops and acquires properties, in addition to operating existing

properties, its property acquisition and development expenditures included in the

Statements of Cash Flows includes both initial costs associated with developing and

acquiring investment assets and those expenditures necessary to lease, operate, and

maintain existing properties at historic performance levels. The latter costs are

referred to as second generation costs and are useful in evaluating the economic

performance of the asset and in valuing the asset. Accordingly, the Company

discloses the portion of its property acquisition and development expenditures that

pertain to second generation space in its operating properties. The Company

excludes from second generation leasing costs for vacant space in newly acquired

buildings, leasing costs for spaces that have been vacant for one year or more,

building improvements on newly acquired buildings that management identifies as

necessary to bring the building to the Company's operational standards, and building

improvements associated with properties identified as under redevelopment or

repositioning. In addition, the Company excludes building improvements intended to

attract tenants to increase revenues and/or occupancy rates.

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Cover

Jul. 30, 2026

Document Information [Line Items]

Document Type

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Document Period End Date

Jul. 30, 2026

Registrant Name

Cousins Properties Inc

Central Index Key

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Entity Incorporation, State or Country Code

GA

Entity File Number

001-11312

Entity Tax Identification Number

58-0869052

Entity Address, Address Line One

3344 Peachtree Road NE

Entity Address, Address Line Two

Suite 1800

Entity Address, City or Town

Atlanta

Entity Address, State or Province

GA

Entity Address, Postal Zip Code

30326-4802

City Area Code

404

Local Phone Number

407-1000

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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