a2016thirdquarter

s i Z e eQuity market capitaliZation $2.2Billion total market capitaliZation $3.3Billion l e V e r a G e deBt/eBitda 4.8X deBt/undepreciated assets 30.1% d i V i d e n d diVidend yield 3.1% Fad payout ratio 62.6% p e r F o r m a n c e same property noi chanGe – ytd (cash)2 5.6% second Generation net rent chanGe – ytd (cash)2 5.4% year Founded: 1958 year puBlic: 1962 nyse: CUZ markets: ATLANTA, AUSTIN, CHARLOTTE, ORLANDO, PHOENIX, TAMPA cousins properties Fa c t s h e e t third Quarter 20161 | cousinsproperties.com d e s c r i p t i o n COUSINS PROPERTIES INCORPORATED IS A FULLY INTEGRATED, SELF-ADMINISTERED AND SELF-MANAGED REAL ESTATE INVESTMENT TRUST (REIT). THE COMPANY, BASED IN ATLANTA, GA, PRIMARILY INVESTS IN CLASS-A OFFICE TOWERS 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. t h i r d Q u a r t e r h i G h l i G h t s • LEASED OR RENEWED 971K SF OF OFFICE SPACE • SECOND GENERATION NET RENT/SF INCREASED 9.1% ON A CASH BASIS COMPARED TO 3Q 20152 • SAME PROPERTY NOI UP 4.3% ON A CASH BASIS COMPARED TO 3Q 20152 • SIGNED A 16-YEAR, BUILD-TO-SUIT LEASE WITH NCR CORPORATION FOR THE SECOND PHASE OF ITS WORLD HEADQUARTERS IN ATLANTA, GA • FINALIZED A 15-YEAR, BUILD-TO-SUIT LEASE WITH DIMENSIONAL FUND ADVISORS FOR ITS REGIONAL HEADQUARTERS IN CHARLOTTE, NC • CLOSED TWO, 10-YEAR MORTGAGES SECURED BY FIFTH THIRD CENTER AND COLORADO TOWER THAT GENERATED $270 MILLION IN PROCEEDS AT A WEIGHTED AVERAGE INTEREST RATE OF 3.4% • SUBSEQUENT TO QUARTER END, COMPLETED A SERIES OF TRANSACTIONS WITH PARKWAY PROPERTIES WHEREBY THE OPERATIONS OF THE TWO COMPANIES WERE COMBINED AND THE HOUSTON PORTFOLIOS OF BOTH COMPANIES WERE SPUN OFF INTO A SEPARATE PUBLIC COMPANY

third Quarter 2016 | cousinsproperties.com total sF 14.6mm p r o p e r t y p o r t F o l i o post-transactions3 other 2% oFFice 98% urBan 80% suBurBan 20% markets 6 c o n ta c t Marli Quesinberry | 404.407.1898 | marliquesinberry@cousinsproperties.com a t l a n t a c h a r l o t t e p h o e n i x a u s t i n 18% 6% 42% 18% corporate headQuarters 191 Peachtree St. NE Atlanta, GA 30303 404.407.1000 1. All information contained herein is obtained or derived from Cousins’ 9/30/16 Supplement, Earnings call and filing on Form 10-K except for urban/suburban concentration chart. 2. GAAP reconciliations available in Cousins’ 9/30/16 Supplement. 3. Represents the combined categories of Cousins Portfolio Statistics and Legacy Parkway Portfolio Statistics as reported in 9/30/16 Cousins filings at the company’s pro rata share; excludes Cousins and Legacy Parkway assets which have sold or under contract for sale as of 11/2/16. The urban/suburban chart, the office/other chart, and the map are based on pro rata GAAP NOI of Cousins assets as reported in 9/30/16 company filings and Parkway assets as reported in 6/30/16 company filings adjusted for the spin-off of New Parkway, 2016 asset sales and assets under contract for sale as of 11/2/16. 4. As reported in 9/30/16 Cousins filings. Square footage is at 100%; estimated cost is at CUZ share. d e V e l o p m e n t p i p e l i n e 4 carolina sQuare Chapel Hill, NC Mixed-Use 158K SF Office 44K SF Retail 246 Apartments $62mm 864 sprinG street (ncr phase i) Atlanta, GA Office 494K SF $213mm 8000 aValon Atlanta, GA Office 224K SF $66mm dimensional place Charlotte, NC Office 282K SF $47mm o r l a n d o ta m p a 10% 5% 858 sprinG street (ncr phase ii) Atlanta, GA Office 260K SF $119mm m i a m i 1%