News Release
CONTACT:            
Gregg D. Adzema
 
Marli Quesinberry
Executive Vice President and
 
Director, Investor Relations and
Chief Financial Officer
 
Corporate Communications
(404) 407-1116
 
(404) 407-1898
greggadzema@cousinsproperties.com
 
marliquesinberry@cousinsproperties.com
COUSINS PROPERTIES REPORTS RESULTS FOR
QUARTER AND YEAR ENDED DECEMBER 31, 2015
Highlights
Funds From Operations for the fourth quarter were $0.23 per share and $0.89 per share for the year.
Same property net operating income on a cash basis increased 8.2% during the fourth quarter and increased 7.3% for the year.
Second generation net rent per square foot on a cash basis increased 23.8% during the fourth quarter and increased 19.8% for the year.
Leased or renewed 1,240,017 square feet of office space during the fourth quarter and 2,972,213 square feet for the year.
Sold The Points at Waterview, a 203,000 square foot office building in Dallas, Texas, for $26.8 million.
Sold three North Point Center East office buildings in Atlanta, Georgia that totaled 411,000 square feet for $70.3 million. Subsequent to year end, sold the remaining North Point Center East office building that totaled 129,000 square feet for $22.0 million.
Commenced operations at Research Park V, a 173,000 square foot office building in Austin, Texas.
Repurchased 3.2 million shares of common stock for $29.1 million during the fourth quarter, bringing the total amount purchased in 2015 to 5.2 million shares for $47.8 million since the initiation of this program in September 2015.

ATLANTA (February 10, 2016) - Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter and year ended December 31, 2015.
"We had an outstanding fourth quarter highlighted by strong same property net operating income growth and over 1.2 million square feet of leasing,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “Looking to 2016, we are keenly focused on our Houston portfolio as office market fundamentals have weakened in reaction to depressed energy prices. However, as a result of our aggressive action of executing several large leases in Houston very early in this cycle, we now own a stable portfolio in the most protected submarkets with minimal lease expiration exposure over the next few years. Meanwhile, office fundamentals in our other Sun Belt markets are outstanding as they continue to benefit from strong employment growth and limited new office supply."

Financial Results
Funds From Operations ("FFO") was $49.1 million, or $0.23 per share, for the fourth quarter of 2015, compared with $51.6 million, or $0.24 per share, for the fourth quarter of 2014. FFO was $192.7 million, or $0.89 per share, for the year ended December 31, 2015, compared with $165.2 million, or $0.81 per share, for the same period in 2014.
Net income available to common stockholders was $56.7 million, or $0.27 per share, for the fourth quarter of 2015, compared with $23.2 million, or $0.11 per share, for the fourth quarter of 2014. Net income available to common stockholders was $125.5 million, or $0.58 per share, for the year ended December 31, 2015, compared with $45.5 million, or $0.22 per share, for the same period in 2014.





The following information was filed by Cousins Properties Inc (CUZ) on Wednesday, February 10, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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