COUSINS PROPERTIES INC

Cousins Properties Incorporated (NYSE: CUZ) is a fully integrated, self-administered, and self-managed real estate investment trust that develops, acquires, leases, manages, and owns primarily Class A office properties and opportunistic mixed-use developments across Sun Belt markets in the United States. The company maintains its corporate headquarters and investor relations information at www.cousins.com.

The company's core business focuses on lifestyle office properties, which Cousins defines as well-located, modern or modernized buildings that are professionally managed and maintained with high-demand amenities designed to support corporate recruitment and retention efforts. This strategic positioning enables the company to achieve consistently higher occupancy rates compared to other office buildings in its markets. Cousins operates through Cousins Properties LP, in which it owns in excess of 99 percent, and conducts its business primarily through its office real estate segment measured by geographic area.

Cousins maintains a concentrated geographic footprint with significant presence in Austin, Atlanta, Charlotte, Tampa, Phoenix, Dallas, and Nashville. As of December 31, 2025, the company employed 351 full-time employees and maintained regional offices in each of its key operating markets. The company's portfolio generated meaningful revenue concentration, with Austin representing 36.1 percent of net operating income from operating properties, Atlanta representing 31.3 percent, Charlotte 9.2 percent, Tampa 7.8 percent, Phoenix 7.5 percent, and Dallas 4.8 percent during the fourth quarter of 2025. The stabilized office portfolio achieved 90.7 percent leased occupancy as of year-end 2025.

The company's strategy emphasizes disciplined capital allocation through opportunistic acquisitions, selective developments, and timely dispositions of non-core assets, with the objective of maintaining a portfolio of newer and more efficient properties with lower capital expenditure requirements. Cousins maintains a simple, flexible, and low-leveraged balance sheet designed to pursue compelling growth opportunities at advantageous points in the real estate cycle. The company also holds a 50 percent interest in Neuhoff, a mixed-use development in Nashville comprising 450,000 square feet of office and retail space and 542 apartments. As a REIT, Cousins distributes at least 100 percent of its net taxable income to stockholders.