Cousins Properties Incorporated · NYSE:CUZ

Cousins Properties — Corporate Update (February 2015)

7 slides from Cousins Properties's corporate update, Feb 12, 2015

  1. Slide 1: Houston Portfolio Update February 2015

    HOUSTON PORTFOLIO UPDATE FEBRUARY 2015

  2. Slide 2: Disclaimer

    DISCLAIMER Certain matters discussed in this presentation 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, risks related to the geographic concentration of our portfolio; risks and unc

  3. Slide 3: Trophy Office Portfolio

    TROPHY OFFICE PORTFOLIO 2 Greenway Plaza Date Acquired September 2013 Gross Purchase Price $950MM / $218 PSF % of Replacement Cost 63% % Leased 91% (1) Based on management’s estimate of replacement cost at acquisition (2) As of 12/31/2014 (3) Pro-forma for the known move-out of Exxon (215K SF) Post

  4. Slide 4: Significant Value Creation to Date

    SIGNIFICANT VALUE CREATION TO DATE Greenway Plaza • Acquired Sept. 2013 at 63% of replacement cost(1) Post Oak Central • Acquired Feb. 2013 at 55% of replacement cost(1) 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 2Q14: Gulf South Pipeline extends to April 2024 3-4Q14: Occidental expands by 91K SF 4Q14:

  5. Slide 5: Well-Capitalized Customer Base

    WELL-CAPITALIZED CUSTOMER BASE As of 12/31/2014 and pro-forma for the known move-out of Exxon; % of portfolio based on RSF (1) Based on parent company corporate credit as reported by S&P and Moody’s (2) Fitch Insurer Financial Strength Rating of A- (3) Includes Colorado Tower SF 4 Ten Largest Custom

  6. Slide 6: Limited Near-Term Expirations

    LIMITED NEAR-TERM EXPIRATIONS As of 12/31/2014 (1) Pro-forma for the known move-out of Exxon (214K SF) and excludes 41K SF leased to Cousins’ (2) Includes Colorado Tower square-footage 5 (2) % of CUZ Houston SF Expiring 3.5% 4.8% 14.0% 12.5% 10.1% 46.1% % of CUZ Office SF Expiring 1.2% 1.7% 4.9% 4.4

  7. Slide 7: Detailed 2015-2016 Lease Expirations

    DETAILED 2015-2016 LEASE EXPIRATIONS 6 2015 Houston Expirations Total Expirations 197,996 % of CUZ Houston Office Portfolio 3.5% % of CUZ Total Office Portfolio 1.2% Expiring Cash Rent as % Below Market 11.4% Energy Companies SF Expiring 37,251 Energy Companies SF Expiring as a % of Total CUZ Housto

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