Cousins Properties Reports Results for Quarter Ended Dec. 31, 2008

ATLANTA, GA--Cousins Properties Incorporated (NYSE:CUZ) reported its results of operations for the three months and year ended December 31, 2008.

All per share amounts are reported on a diluted basis; basic per share data is included in the Condensed Consolidated Statements of Income accompanying this release.

Funds from Operations Available to Common Stockholders (“FFO”) was $10.2 million, or $0.20 per share, for the fourth quarter of 2008 compared with FFO of $7.3 million, or $0.14 per share, for the fourth quarter of 2007.

FFO was $61.0 million, or $1.18 per share, for the year ended December 31, 2008 compared to $48.4 million, or $0.92 per share, for the same period in 2007.

For the fourth quarter of 2008, the Company generated a Net Loss Available to Common Stockholders (“Net Loss Available”) of $4.1 million, or $0.08 per share, as compared to Net Loss Available of $5.0 million, or $0.10 per share, for the fourth quarter of 2007.

For the year ended December 31, 2008, the Company generated Net Income Available to Common Stockholders (“Net Income Available”) of $7.6 million, or $0.15 per share, compared with Net Income Available of $17.7 million, or $0.33 per share, for the same period in 2007.

For a complete copy of the company's news release and financials, please contact

James A. Fleming, (top right photo) 404-407-1150, Executive Vice President and Chief Financial Officer, jimfleming@cousinsproperties.com or

Cameron Golden, 404-407-1984, Director of Investor Relations and Corporate Communications, camerongolden@cousinsproperties.com