Cousins Properties Declares Second Quarter Preferred and Common Stock Dividends

ATLANTA--Cousins Properties Incorporated's board of directors (NYSE:CUZ) has declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable May 15, 2008, to Series A preferred stockholders of record on May 1, 2008.

The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable May 15, 2008, to Series B preferred stockholders of record onMay 1, 2008.

The Board of Directors has also declared a regular quarterly cash dividend of $0.37 per share, or $1.48 on an annualized basis, payable May 30, 2008, to common stockholders of record on May 16, 2008.



(Atlanta night skyline photo at right)



CONTACT:


Cousins Properties Incorporated
Investment Community
Mark Russell,
404-407-1390
Senior Vice President
markrussell@cousinsproperties.com or

Media:

Matt Gove,
Vice President
404-407-1490
mattgove@cousinsproperties.com