Exhibit 99.1

COUSINS PROPERTIES INCORPORATED
Quarterly Information Package
For the Quarter Ended September 30, 2009

TABLE OF CONTENTS

Press Release			1
Condensed Consolidated Statements of Income			5
Funds From Operations			6
Condensed Consolidated Balance Sheets			7
Key Ratios and Supplemental Information			8
Net Income and Funds From Operations — Supplemental Detail			9
Development Pipeline			16
Portfolio Listing			17
Same Property Information			20
Square Feet Expiring:
Office			21
Retail			22
Industrial			23
Top 25 Largest Tenants			24
Inventory of Land Held			25
Inventory of Residential Lots			27
Inventory of Multi-Family Units Held for Sale			29
Debt Outstanding			30
Reconciliations of Non-GAAP Financial Measures			33
Discussion of Non-GAAP Financial Measures			36

Certain matters contained in this package are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks. These include, but are not limited to, general and local economic conditions (including the current general recession and state of the credit markets), local real estate conditions (including the overall condition of the residential and condominium markets), the activity of others developing competitive projects, the risks associated with development projects (such as delay, cost overruns and leasing/sales risk of new properties), the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company’s ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the ability of the Company to close properties under contract and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including the risks identified in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 and the Company’s Current Report on Form 8-K filed on September 14, 2009. The words “believes,” “expects,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

News Release

FOR IMMEDIATE RELEASE

CONTACT:

James A. Fleming		Cameron Golden
Executive Vice President and		Director of Investor Relations and
Chief Financial Officer		Corporate Communications
(404) 407-1150		(404) 407-1984
jimfleming@cousinsproperties.com		camerongolden@cousinsproperties.com

Web site address: www.cousinsproperties.com

COUSINS PROPERTIES REPORTS RESULTS FOR
QUARTER ENDED SEPTEMBER 30, 2009

     ATLANTA (November 4, 2009) — Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the three and nine months ended September 30, 2009. 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 $7.3 million, or $0.12 per share, before certain separation and non-cash impairment and valuation charges discussed below for the third quarter of 2009, compared with FFO of $20.9 million, or $0.39 per share, for the third quarter of 2008. FFO was $38.6 million, or $0.70 per share, before such charges for the nine months ended September 30, 2009, compared with $50.9 million, or $0.95 per share, for the same period in 2008.

     Net Income (Loss) Available to Common Stockholders (“Net Income (Loss) Available”) was ($7.8) million, or ($0.13) per share, before such separation and non-cash impairment and valuation charges for the quarter ended September 30, 2009, compared with Net Income Available of $7.0 million, or $0.13 per share, for the third quarter of 2008. Net Income Available was $160.0 million, or $2.89 per share, before such charges for the nine months ended September 30, 2009, compared with $11.7 million, or $0.22 per share, for the same period in 2008. During the second quarter of 2009, the Company recorded $88.3 million of separation and non-cash impairment and valuation charges.

     The Company recorded $48.5 million of non-cash impairment charges during the third quarter of 2009. These charges consisted of the following:

	•		Impairment charge on investment in Terminus 200, LLC — $38.9 million,
	•		Impairment charge on investment in Glenmore Garden Villas LLC — $4.9 million,

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191 Peachtree Street NE      •      Suite 3600      •      Atlanta, Georgia 30303-1740      •      404/407-1000      •      FAX 404/407-1002

CUZ Reports Third Quarter Results
Page 2
November 4, 2009

	•		Impairment charge on airplane — $4.0 million,
	•		Company share of impairment charge on property owned by Temco Associates, LLC - $631,000

     The impairment charges on Terminus 200, LLC and the airplane were previously disclosed in September 2009.

     After such separation and non-cash impairment and valuation charges, FFO was a loss of $41.9 million, or $0.70 per share, for the third quarter of 2009 and a loss of $99.3 million, or $1.79 per share, for the nine months ended September 30, 2009. Net Loss Available, after such separation and non-cash charges, was $57.1 million, or $0.95 per share, for the third quarter of 2009 and Net Income Available was $22.2 million, or $0.40 per share, for the nine months ended September 30, 2009.

     A reconciliation of FFO and Net Income (Loss) Available before certain separation and non-cash impairment and valuation charges is as follows:

		3rd Quarter 2009								Nine Months 2009
		$(000)				Per Share				$(000)				Per Share
FFO Before Certain Charges		$	7,314			$	0.12			$	38,599			$	0.70
Certain Separation and Non-Cash Impairment and Valuation Charges:
Terminus 200 Impairment			(38,947	)			(0.65	)			(38,947	)			(0.70	)
Glenmore Garden Villas Impairment			(4,935	)			(0.08	)			(6,065	)			(0.11	)
Airplane impairment			(4,012	)			(0.07	)			(4,012	)			(0.07	)
Temco Impairment			(631	)			(0.01	)			(631	)			(0.01	)
Impairment charge on 10 Terminus			—				0.00				(34,900	)			(0.63	)
Impairment charges on Investments in Joint Ventures			—				0.00				(27,000	)			(0.49	)
Valuation allowance on deferred tax asset			—				0.00				(15,907	)			(0.29	)
Write-off of predevelopment expenses			—				0.00				(3,100	)			(0.06	)
Separation charges			(724	)			(0.01	)			(3,094	)			(0.06	)
Other reserves and impairments			—				0.00				(4,219	)			(0.07	)
Total			(49,249	)			(0.82	)			(137,875	)			(2.49	)
FFO		$	(41,935	)		$	(0.70	)		$	(99,276	)		$	(1.79	)
Net Income (Loss) Available Before Certain Charges		$	(7,839	)		$	(0.13	)		$	160,045			$	2.89
Certain Separation and Non-Cash Impairment and Valuation Charges			(49,249	)			(0.82	)			(137,875	)			(2.49	)
Net Income (Loss) Available		$	(57,088	)		$	(0.95	)		$	22,170			$	0.40

     Third quarter highlights of the Company included the following:

	•		Completed an offering of 46 million shares of common stock. Net proceeds from the offering were $318.6 million, which were used to reduce indebtedness.
	•		Sold all of the completed units of The Brownstones at Habersham, a townhome project it acquired from a bank in the second quarter. Recognized gains on the sale of these units of $1.5 million.

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CUZ Reports Third Quarter Results
Page 3
November 4, 2009

     At September 30, 2009, the Company’s portfolio of operational office buildings was 87% leased, its portfolio of operational retail centers was 83% leased and its operational industrial buildings were 44% leased.

     “In the third quarter, our team made significant strides in improving our balance sheet and cost structure to make us more competitive in the current environment,” said Larry Gellerstedt, CEO of Cousins. “Raising over $300 million in common equity dramatically reduced our leverage thereby creating more financial flexibility for future opportunities. We also made some difficult but necessary decisions to reduce our expenses in the quarter. We expect that the combination of these actions will make us a leaner but stronger organization focused on maximizing the value of our assets for our shareholders.”

     The Condensed Consolidated Statements of Income, Condensed Consolidated Balance Sheets and a schedule entitled Funds From Operations, which reconciles Net Income (Loss) Available to FFO, are attached to this press release. More detailed information on Net Income (Loss) Available and FFO results is included in the “Net Income (Loss) and Funds From Operations-Supplemental Detail” schedule which is included along with other supplemental information in the Company’s Current Report on Form 8-K, which the Company is furnishing to the Securities and Exchange Commission (“SEC”), and which can be viewed through the “Quarterly Disclosures” and “SEC Filings” links on the Investor Relations page of the Company’s website at www.cousinsproperties.com. This information may also be obtained by calling the Company’s Investor Relations Department at (404) 407-1984.

     The Company will conduct a conference call at 2:00 p.m. (Eastern Time) on Thursday, November 5, 2009, to discuss the results of the quarter ended September 30, 2009. The number to call for this interactive teleconference is (212) 231-2900. A replay of the conference call will be available for 14 days by dialing (402) 977-9140 and entering the passcode 21439816. The replay can be accessed on the Company’s website, www.cousinsproperties.com, through the “Q3 2009 Cousins Properties Incorporated Earnings Conference Call” link on the Investor Relations page, as well as at www.streetevents.com and www.earnings.com. The rebroadcast will be available on the Investor Relations page of the Company’s website for 14 days.

     Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office, multi-family, retail, and land development projects. Since its founding in 1958, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 3,500 multi-family units and more than 60 single-family neighborhoods. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more, please visit www.cousinsproperties.com.

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CUZ Reports Third Quarter Results
Page 4
November 4, 2009

     Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk. These include, but are not limited to, general and local economic conditions (including the current general recession and state of the credit markets), local real estate conditions (including the overall condition of the residential and condominium markets), the activity of others developing competitive projects, the risks associated with development projects (such as delay, cost overruns and leasing/sales risk of new properties), the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company’s ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the ability of the Company to close properties under contract and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including those described in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 and the Company’s Current Report on Form 8-K filed on September 14, 2009. The words “believes,” “expects,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited, in thousands, except per share amounts)

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2009				2008				2009				2008
REVENUES:
Rental property revenues		$	38,632			$	38,337			$	113,236			$	109,344
Fee income			9,510				21,736				25,726				37,096
Multi-family residential unit sales			9,228				5,459				10,413				5,459
Residential lot and outparcel sales			1,150				3,747				7,026				6,746
Interest and other			675				991				2,946				3,291
			59,195				70,270				159,347				161,936
COSTS AND EXPENSES:
Rental property operating expenses			17,402				14,641				49,874				42,663
General and administrative expenses			9,180				12,975				28,546				32,382
Separation expenses			724				45				3,094				351
Reimbursed general and administrative expenses			3,979				4,006				12,237				11,745
Depreciation and amortization			13,868				13,272				42,305				37,148
Multi-family residential unit cost of sales			7,372				4,715				8,557				4,715
Residential lot and outparcel cost of sales			979				1,917				4,732				3,695
Interest expense			10,793				8,705				31,783				22,347
Impairment loss			4,012				—				40,512				—
Other			1,723				1,975				7,701				4,279
			70,032				62,251				229,341				159,325
GAIN ON EXTINGUISHMENT OF DEBT			—				—				12,498				—
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES, INCOME (LOSS) FROM UNCONSOLIDATED JOINT VENTURES AND GAIN ON SALE OF INVESTMENT PROPERTIES			(10,837	)			8,019				(57,496	)			2,611
(PROVISION) BENEFIT FOR INCOME TAXES FROM OPERATIONS			(54	)			(916	)			(7,406	)			4,477
INCOME (LOSS) FROM UNCONSOLIDATED JOINT VENTURES:
Equity in net income (loss) from unconsolidated joint ventures			(19,926	)			3,497				(19,337	)			8,553
Impairment loss on investment in unconsolidated joint ventures			(22,928	)			—				(51,058	)			—
			(42,854	)			3,497				(70,395	)			8,553
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE GAIN ON SALE OF INVESTMENT PROPERTIES			(53,745	)			10,600				(135,297	)			15,641
GAIN ON SALE OF INVESTMENT PROPERTIES, NET OF APPLICABLE INCOME TAX PROVISION			406				1,387				168,641				10,391
INCOME (LOSS) FROM CONTINUING OPERATIONS			(53,339	)			11,987				33,344				26,032
DISCONTINUED OPERATIONS, NET OF APPLICABLE INCOME TAX PROVISION:
Income (loss) from discontinued operations			3				(431	)			(4	)			(1,179	)
Gain on sale of investment properties			7				—				153				—
			10				(431	)			149				(1,179	)
NET INCOME (LOSS)			(53,329	)			11,556				33,493				24,853
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS			(531	)			(766	)			(1,641	)			(1,688	)
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST			(53,860	)			10,790				31,852				23,165
DIVIDENDS TO PREFERRED STOCKHOLDERS			(3,228	)			(3,812	)			(9,682	)			(11,437	)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS		$	(57,088	)		$	6,978			$	22,170			$	11,728
PER COMMON SHARE INFORMATION — BASIC:
Income (loss) from continuing operations		$	(0.95	)		$	0.13			$	0.40			$	0.24
Loss from discontinued operations			—				—				—				(0.02	)
Basic net income (loss) available to common stockholders		$	(0.95	)		$	0.13			$	0.40			$	0.22
PER COMMON SHARE INFORMATION — DILUTED:
Income (loss) from continuing operations		$	(0.95	)		$	0.13			$	0.40			$	0.24
Loss from discontinued operations			—				—				—				(0.02	)
Diluted net income (loss) available to common stockholders		$	(0.95	)		$	0.13			$	0.40			$	0.22
DIVIDENDS DECLARED PER COMMON SHARE		$	0.15			$	0.37			$	0.65			$	1.11

COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES
FUNDS FROM OPERATIONS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009 AND 2008
(Unaudited, in thousands, except per share amounts)

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2009				2008				2009				2008
Net Income (Loss) Available to Common Stockholders		$	(57,088	)		$	6,978			$	22,170			$	11,728
Depreciation and amortization:
Consolidated properties			13,868				13,272				42,305				37,148
Discontinued properties			—				138				—				486
Share of unconsolidated joint ventures			2,192				1,621				6,524				4,485
Depreciation of furniture, fixtures and equipment and amortization of specifically identifiable intangible assets:
Consolidated properties			(833	)			(989	)			(2,739	)			(2,720	)
Discontinued properties			—				(6	)							(19	)
Share of unconsolidated joint ventures			(10	)			(27	)			(34	)			(78	)
Gain on sale of investment properties, net of applicable income tax provision:
Consolidated			(406	)			(1,387	)			(168,641	)			(10,391	)
Discontinued properties			(7	)			—				(153	)			—
Share of unconsolidated joint ventures			—				—				(12	)			—
Gain on sale of undepreciated investment properties			349				1,331				1,304				10,223
Funds From Operations Available to Common Stockholders		$	(41,935	)		$	20,931			$	(99,276	)		$	50,862
Per Common Share — Basic:
Net Income (Loss) Available		$	(0.95	)		$	0.13			$	0.40			$	0.22
Funds From Operations		$	(0.70	)		$	0.40			$	(1.79	)		$	0.96
Weighted Average Shares—Basic			59,969				52,945				55,318				52,919
Per Common Share — Diluted:
Net Income (Loss) Available		$	(0.95	)		$	0.13			$	0.40			$	0.22
Funds From Operations		$	(0.70	)		$	0.39			$	(1.79	)		$	0.95
Weighted Average Shares—Diluted			59,969				53,365				55,318				53,532

     The table above shows Funds From Operations Available to Common Stockholders (“FFO”) and the related reconciliation to Net Income (Loss) Available to Common Stockholders (“Net Income (Loss) Available”) for Cousins Properties Incorporated and Subsidiaries. The Company calculated FFO in accordance with the National Association of Real Estate Investment Trusts’ (“NAREIT”) definition, which is net income (loss) available to common stockholders (computed in accordance with accounting principles generally accepted in the United States (“GAAP”)), excluding extraordinary items, cumulative effect of change in accounting principle and gains or losses from sales of depreciable property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures to reflect FFO on the same basis.

     FFO is used by industry analysts and investors as a supplemental measure of an equity REIT’s operating performance. Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, many industry investors and analysts have considered presentation of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. Thus, NAREIT created FFO as a supplemental measure of REIT operating performance that excludes historical cost depreciation, among other items, from GAAP net income. Management believes that the use of FFO, combined with the required primary GAAP presentations, has been fundamentally beneficial, improving the understanding of operating results of REITs among the investing public and making comparisons of REIT operating results more meaningful. Company management evaluates operating performance in part based on FFO. Additionally, the Company uses FFO and FFO per share, along with other measures, to assess performance in connection with evaluating and granting incentive compensation to its officers and key employees.

COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands, except share and per share amounts)

		September 30,				December 31,
		2009				2008
ASSETS
PROPERTIES:
Operating properties, net of accumulated depreciation of $223,692 and $182,050 in 2009 and 2008, respectively		$	1,006,735			$	853,450
Projects under development			—				172,582
Land held for investment or future development			137,619				115,862
Residential lots under development			62,136				59,197
Multi-family units held for sale			43,818				70,658
Total properties			1,250,308				1,271,749
CASH AND CASH EQUIVALENTS			119,596				82,963
RESTRICTED CASH			4,861				3,636
NOTES AND OTHER RECEIVABLES, net of allowance for doubtful accounts of $4,012 and $2,764 in 2009 and 2008, respectively			48,123				51,267
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES			145,835				200,850
OTHER ASSETS			60,701				83,330
TOTAL ASSETS		$	1,629,424			$	1,693,795
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
NOTES PAYABLE		$	700,700			$	942,239
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES			77,328				65,026
DEFERRED GAIN			4,508				171,838
DEPOSITS AND DEFERRED INCOME			7,163				6,485
TOTAL LIABILITIES			789,699				1,185,588
COMMITMENTS AND CONTINGENT LIABILITIES
REDEEMABLE NONCONTROLLING INTERESTS			12,583				3,945
STOCKHOLDERS’ INVESTMENT:
Preferred stock, 20,000,000 shares authorized, $1 par value:
7.75% Series A cumulative redeemable preferred stock, $25 liquidation preference; 2,993,090 shares issued and outstanding in 2009 and 2008			74,827				74,827
7.50% Series B cumulative redeemable preferred stock, $25 liquidation preference; 3,791,000 shares issued and outstanding in 2009 and 2008			94,775				94,775
Common stock, $1 par value, 150,000,000 shares authorized, 102,539,783 and 54,922,173 shares issued in 2009 and 2008, respectively			102,540				54,922
Additional paid-in capital			656,963				368,829
Treasury stock at cost, 3,570,082 shares in 2009 and 2008			(86,840	)			(86,840	)
Accumulated other comprehensive loss on derivative instrument			(13,233	)			(16,601	)
Distributions in excess of net income			(34,713	)			(23,189	)
TOTAL STOCKHOLDERS’ INVESTMENT			794,319				466,723
Nonredeemable noncontrolling interests			32,823				37,539
TOTAL EQUITY			827,142				504,262
TOTAL LIABILITIES AND EQUITY		$	1,629,424			$	1,693,795

COUSINS PROPERTIES INCORPORATED
KEY RATIOS AND SUPPLEMENTAL INFORMATION
(in thousands, except per share amounts, percentages and ratios)

			2005					2006					2007					2008 1st				2008 2nd				2008 3rd				2008 4th					2008 YTD					2009 1st				2009 2nd				2009 3rd					2009 YTD
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS				34,491					217,441					17,600					1,839				2,911				6,978				(4,132	)				7,596					160,571				(81,313	)			(57,088	)				22,170
FFO AVAILABLE TO COMMON STOCKHOLDERS (“FFO”), EXCLUDING CERTAIN LOSSES ON EXTINGUISHMENT OF DEBT				73,746					74,469					48,365					13,811				16,120				20,931				10,158					61,020					7,554				(64,895	)			(41,935	)				(99,276	)
BASIC WEIGHTED AVERAGE COMMON SHARES				51,847					52,497					53,477					52,883				52,925				52,945				52,982					52,934					52,954				52,952				59,969					55,318
DILUTED WEIGHTED AVERAGE COMMON SHARES				53,660					54,351					54,716					53,421				53,781				53,365				52,982					53,344					52,954				52,952				59,969					55,318
NET INCOME (LOSS) PER COMMON SHARE — BASIC				0.67					4.14					0.33					0.03				0.06				0.13				(0.08	)				0.14					3.03				(1.54	)			(0.95	)				0.40
NET INCOME (LOSS) PER COMMON SHARE — DILUTED				0.64					4.00					0.32					0.03				0.05				0.13				(0.08	)				0.14					3.03				(1.54	)			(0.95	)				0.40
FFO PER COMMON SHARE — BASIC				1.44					1.44					0.92					0.26				0.31				0.40				0.19					1.17					0.14				(1.23	)			(0.70	)				(1.79	)
FFO PER COMMON SHARE — DILUTED				1.37					1.37					0.88					0.26				0.30				0.39				0.19					1.14					0.14				(1.23	)			(0.70	)				(1.79	)
(A) 2ND GENERATION TI & LEASING COSTS AND BUILDING CAPEX (1)				9,439					13,421					18,979					6,936				8,375				5,010				3,711					24,032					3,531				3,748				2,066					9,345
REGULAR COMMON DIVIDENDS:
CASH				74,649					75,495					76,782					18,974				18,992				18,995				12,846					69,807					12,838				4,283				2,617					19,738
COMMON STOCK				—					—					—					—				—				—				—					—					—				8,551				5,227					13,778
SPECIAL COMMON DIVIDEND				—					175,470					—					—				—				—				—					—					—				—				—					—
REGULAR COMMON DIVIDENDS PER SHARE				1.48					1.48					1.48					0.37				0.37				0.37				0.25					1.36					0.25				0.25				0.15					0.65
SPECIAL COMMON DIVIDEND PER SHARE				—					3.40					—					—				—				—				—					—					—				—				—					—
COMMON STOCK PRICE AT PERIOD END				28.30					35.27					22.10					24.71				23.10				25.23				13.85					13.85					6.44				8.50				8.28					8.28
NUMBER OF COMMON SHARES OUTSTANDING AT PERIOD END				50,665					51,748					51,280					51,292				51,336				51,383				51,352					51,352					51,342				52,293				98,970					98,970
PREFERRED STOCK — SERIES A — PRICE AT PERIOD END				25.75					25.90					22.38					21.14				22.50				18.00				12.24					12.24					13.70				15.01				20.53					20.53
NUMBER OF PREFERRED SHARES — SERIES A — OUTSTANDING AT PERIOD END				4,000					4,000					4,000					4,000				4,000				4,000				2,993					2,993					2,993				2,993				2,993					2,993
PREFERRED STOCK — SERIES B — PRICE AT PERIOD END				25.40					25.53					20.59					20.45				21.78				17.00				12.00					12.00					13.16				14.73				19.53					19.53
NUMBER OF PREFERRED SHARES — SERIES B — OUTSTANDING AT PERIOD END				4,000					4,000					4,000					4,000				4,000				4,000				3,791					3,791					3,791				3,791				3,791					3,791
COMMON EQUITY MARKET CAPITALIZATION				1,433,820					1,825,152					1,133,288					1,267,425				1,185,862				1,296,393				711,225					711,225					330,642				444,491				819,472					819,472
PREFERRED EQUITY MARKET CAPITALIZATION				204,600					205,720					171,880					166,360				177,120				140,000				82,126					82,126					90,894				100,766				135,485					135,485
(B) ADJUSTED DEBT (1)				514,560					376,516					773,482					898,205				899,140				973,524				1,073,953					1,073,953					1,084,051				1,086,793				839,562					839,562
TOTAL MARKET CAPITALIZATION				2,152,980					2,407,388					2,078,650					2,331,990				2,262,122				2,409,917				1,867,304					1,867,304					1,505,587				1,632,050				1,794,518					1,794,518
ADJUSTED DEBT AS A % OF TOTAL MARKET CAPITALIZATION				24	%				16	%				37	%				39	%			40	%			40	%			58	%				58	%				72	%			67	%			47	%				47	%
(B) RECOURSE DEBT (1)				196,824					226,855					205,658					328,106				337,110				392,422				491,603					491,603					502,396				580,939				334,658					334,658
RECOURSE DEBT AS A % OF TOTAL MARKET CAPITALIZATION				9	%				9	%				10	%				14	%			15	%			16	%			26	%				26	%				33	%			36	%			19	%				19	%
COMMON EQUITY MARKET CAPITALIZATION				1,433,820					1,825,152					1,133,288					1,267,425				1,185,862				1,296,393				711,225					711,225					330,642				444,491				819,472					819,472
PREFERRED EQUITY MARKET CAPITALIZATION				204,600					205,720					171,880					166,360				177,120				140,000				82,126					82,126					90,894				100,766				135,485					135,485
(B) TOTAL DEBT (INCLUDING SHARE OF JV’S) (1)				615,645					487,234					846,355					967,832				967,885				1,040,513				1,139,113					1,139,113					1,147,217				1,148,294				899,201					899,201
TOTAL MARKET CAPITALIZATION				2,254,065					2,518,106					2,151,523					2,401,617				2,330,867				2,476,906				1,932,464					1,932,464					1,568,753				1,693,551				1,854,157					1,854,157
TOTAL DEBT AS A % OF TOTAL MARKET CAPITALIZATION				27	%				19	%				39	%				40	%			42	%			42	%			59	%				59	%				73	%			68	%			49	%				49	%
VARIOUS COVENANTS AS DEFINED UNDER THE COMPANY’S CREDIT FACILITY:
LEVERAGE RATIO				39	%				29	%				45	%				49	%			48	%			48	%			51	%				51	%				54	%			52	%			41	%				41	%
COVENANT REQUIREMENT — NO GREATER THAN				60	%				60	%				60	%				60	%			60	%			60	%			60	%				60	%				60	%			60	%			60	%				60	%
FIXED CHARGES RATIO				2.7					2.4					2.5					2.0				2.1				2.3				2.2					2.2					2.1				2.0				1.8					1.8
COVENANT REQUIREMENT — NO LESS THAN				1.5					1.5					1.5					1.5				1.5				1.5				1.5					1.5					1.5				1.5				1.5					1.5

COUSINS PROPERTIES INCORPORATED
NET INCOME AND FUNDS FROM OPERATIONS SUPPLEMENTAL DETAIL
(in thousands, except per share amounts, percentages and ratios)

			2005					2006					2007					2008 1st				2008 2nd				2008 3rd				2008 4th					2008 YTD					2009 1st				2009 2nd				2009 3rd					2009 YTD
CONSOLIDATED ENTITY FFO AND NET INCOME:
(C) RENTAL PROPERTY REVENUES LESS RENTAL PROPERTY OPERATING EXPENSES (1):
OFFICE:
191 PEACHTREE				0					1,964					9,349					2,661				2,750				2,857				3,071					11,339					789				1,561				2,432					4,782
221 PEACHTREE CENTER GARAGE				0					0					510					147				189				189				114					639					124				103				157					384
AMERICAN CANCER SOCIETY CENTER				11,376					11,774					11,959					3,555				3,598				3,665				3,729					14,547					3,791				3,151				3,449					10,391
TERMINUS 100				0					0					5,000					4,056				4,161				3,771				4,398					16,386					3,311				4,750				3,478					11,539
ONE GEORGIA CENTER				(1,361	)				(219	)				(109	)				(148	)			530				977				1,291					2,650					1,039				1,039				1,100					3,178
THE POINTS AT WATERVIEW				1,872					2,124					2,179					531				504				545				547					2,127					509				515				536					1,560
LAKESHORE PARK PLAZA				722					922					1,794					505				541				515				580					2,141					567				545				540					1,652
MERIDIAN MARK PLAZA				4,487					4,475					4,339					1,109				1,178				1,136				1,081					4,504					958				972				947					2,877
555 NORTH POINT CENTER EAST				1,506					1,771					1,882					488				525				426				550					1,989					501				531				528					1,560
333 NORTH POINT CENTER EAST				1,395					1,183					1,287					310				280				435				424					1,449					417				426				426					1,269
200 NORTH POINT CENTER EAST				363					839					1,490					416				406				299				363					1,484					378				393				423					1,194
100 NORTH POINT CENTER EAST				1,020					1,035					1,320					458				317				392				362					1,529					391				423				361					1,175
600 UNIVERSITY PARK PLACE				1,701					1,107					1,557					425				419				420				415					1,679					394				394				396					1,184
GALLERIA 75				1,036					897					649					132				153				169				137					591					22				67				65					154
COSMOPOLITAN CENTER				0					13					341					125				123				142				69					459					139				129				138					406
8995 WESTSIDE PARKWAY (FORMERLY ATHEROGENICS)				1,241					1,263					1,278					324				328				328				327					1,307					192				(18	)			(58	)				116
INHIBITEX				666					917					912					229				230				226				225					910					220				226				225					671
SUBTOTAL				26,024					30,065					45,738					15,323				16,232				16,492				17,683					65,730					13,742				15,207				15,143					44,092
RETAIL:
THE AVENUE CARRIAGE CROSSING				743					5,835					6,774					1,487				1,660				1,700				1,867					6,714					1,140				1,255				955					3,350
THE AVENUE WEBB GIN				0					1,653					5,558					1,612				1,495				1,620				1,240					5,967					1,469				1,503				1,307					4,279
SAN JOSE MARKETCENTER				0					3,846					6,450					1,835				1,835				1,876				1,543					7,089					1,693				1,721				1,700					5,114
THE AVENUE FORSYTH				0					0					0					73				546				1,184				724					2,527					1,025				955				821					2,801
TIFFANY SPRINGS MARKETCENTER				0					0					0					0				(3	)			492				768					1,257					803				900				919					2,622
PROPERTIES CONTRIBUTED TO CP VENTURE FIVE (AVENUE FUND)				16,623					9,068					(45	)				34				1				(3	)			(2	)				30					0				0				0					0
SUBTOTAL				17,366					20,402					18,736					5,041				5,534				6,869				6,140					23,584					6,130				6,334				5,702					18,166
INDUSTRIAL:
KING MILL — BUILDING 3				0					405					1,155					225				225				229				244					923					236				236				283					755
LAKESIDE RANCH — BUILDING 20				0					0					794					240				163				184				181					768					176				190				164					530
JEFFERSON MILL — BUILDING A				0					0					0					0				(29	)			(29	)			(91	)				(149	)				(57	)			(57	)			(47	)				(161	)
SUBTOTAL				0					405					1,949					465				359				384				334					1,542					355				369				400					1,124
OTHER RENTAL OPERATIONS:
OTHER				1,021					203					82					39				(8	)			(49	)			(51	)				(69	)				(31	)			26				(15	)				(20	)
SUBTOTAL				1,021					203					82					39				(8	)			(49	)			(51	)				(69	)				(31	)			26				(15	)				(20	)
PROPERTIES SOLD, NOT IN DISCONTINUED OPERATIONS, RENTAL PROPERTY REVENUES LESS RENTAL PROPERTY OPERATING EXPENSES				2					0					0					0				0				0				0					0					0				0				0					0
TOTAL CONSOLIDATED RENTAL PROPERTY REVENUES LESS RENTAL PROPERTY OPERATING EXPENSES				44,413					51,076					66,505					20,868				22,117				23,696				24,106					90,787					20,196				21,936				21,230					63,362
(D) DISCONTINUED OPERATIONS RENTAL PROPERTY REVENUES LESS RENTAL PROPERTY OPERATING EXPENSES (1):
3100 WINDY HILL RD				2,944					2,676					(1,032	)				(233	)			(204	)			(296	)			53					(680	)				0				0				0					0
GA 400 LAND LEASES				1,432					1,537					126					0				0				0				0					0					(5	)			0				3					(2	)
FROST BANK TOWER				5,123					4,548					41					0				33				0				19					52					0				0				0					0
THE AVENUE OF THE PENINSULA				4,446					5,114					65					0				5				3				10					18					0				0				0					0
3301 WINDY RIDGE PARKWAY				1,693					2,750					224					0				(1	)			0				0					(1	)				0				0				0					0
OTHER				718					41					8					0				0				0				0					0					(2	)			0				0					(2	)
TOTAL DISCONTINUED OPERATIONS RENTAL PROPERTY REVENUES LESS RENTAL PROPERTY OPERATING EXPENSES				16,356					16,666					(568	)				(233	)			(167	)			(293	)			82					(611	)				(7	)			0				3					(4	)