Cousins Properties Reports Results for Quarter Ended June 30, 2010

ATLANTA, GA--(BUSINESS WIRE)-- Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the three and six months ended June 30, 2010.

 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 $7.9 million, or $0.08 per share, for the second quarter of 2010, compared with $(64.9) million, or $(1.26) per share, for the second quarter of 2009.

 FFO was $21.9 million, or $0.22 per share, for the six months ended June 30, 2010, compared with $(57.3) million, or $(1.11) per share, for the same period in 2009.

Net Income (Loss) Available to Common Stockholders (“Net Income (Loss) Available”) was $(8.6) million, or $(0.09) per share, for the quarter ended June 30, 2010, compared with $(81.3) million, or $(1.58) per share, for the second quarter of 2009.

Net Income (Loss) Available was $(10.2) million, or $(0.10) per share, for the six months ended June 30, 2010, compared with $79.3 million, or $1.54 per share, for the same period in 2009.

For a complete copy of the company's news release and financials, please contact:
James A. Fleming, Executive Vice President and Chief Financial Officer, 404-407-1150, jimfleming@cousinsproperties.com
or
Cameron Golden, Director of Investor Relations and Corporate Communications, 404-407-1984
camerongolden@cousinsproperties.com
http://www.cousinsproperties.com/