Cousins’ Gellerstedt Says Company Had ‘Exceptional Quarter and Year’ in 2012

Larry Gellerstedt

ATLANTA--Cousins Properties Incorporated (NYSE:CUZ) reports results for quarter and year ended Dec. 31, 2012.

“Cousins had an exceptional quarter and year, with solid operating performance and significant progress toward our strategic objectives,” said Larry Gellerstedt, CEO of Cousins.

 “We are thrilled to kick-off 2013 with the off-market acquisition of Post Oak Central in Houston, a 1.3 million-square-foot, Class-A office asset in the heart of the Galleria submarket.

“This investment not only serves as an attractive entry into a target market, it provides a rare combination of substantial in-place yield and significant future development opportunity.”  

Post Oak Central, Houston, TX

Highlights:

  

• Funds From Operations for the fourth quarter was $0.14 per share. Before special items, FFO for the quarter was $0.15 per share.
• Sold $250.8 million in operating assets during the fourth quarter.
• Sold $26.5 million in land during the fourth quarter.

• Subsequent to quarter end, purchased Post Oak Central in Houston for $232.6 million and completed transactions at Terminus 100 and 200 in Atlanta that resulted in a 50% ownership interest in both buildings.

Terminus 100

• Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter and year ended December 31, 2012.

For a complete copy of the company’s news release, please contact:

Cousins Properties Incorporated

Gregg D. Adzema, 404-407-1116

Executive Vice President and

Chief Financial Officer

greggadzema@cousinsproperties.com

or

Cameron Golden, 404-407-1984

Vice President, Investor Relations and

Corporate Communications

camerongolden@cousinsproperties.com