Cousins Properties Incorporated · NYSE:CUZ

Cousins Properties — Corporate Update (June 2015)

8 slides from Cousins Properties's corporate update, Jun 2, 2015

  1. Slide 1: Houston Portfolio Update June 2015

    HOUSTON PORTFOLIO UPDATE JUNE 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 90% (1) Based on management’s estimate of replacement cost at acquisition (2) As of 3/31/2015 Post Oak Central Date Acquired February 2013 Gross Purchase Pr

  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: Recent Renewal Success

    RECENT RENEWAL SUCCESS 4 Customer Renewed RSF (000s) Renewal Executed New Expiration Date Prior Expiration Date Stewart Title 235 December 2014 September 2019 September 2016 Direct Energy 192 February 2015 May 2023 May 2017 / January 2019 Transocean 255 June 2015 January 2023 January 2017 Total 682

  6. Slide 6: Well-Capitalized Customer Base

    WELL-CAPITALIZED CUSTOMER BASE As of 3/31/2015; Pro-forma for the Transocean lease renewal; % of portfolio based on RSF (1) Current credit rating; based on parent company corporate credit as reported by S&P and Moody’s (2) Fitch Insurer Financial Strength Rating of A- 5 Ten Largest Customers Credit

  7. Slide 7: Limited Near-Term Expirations

    198 269 789 702 571 2,594 131 254 364 704 518 3,108 - 500 1,000 1,500 2,000 2,500 3,000 3,500 2015 2016 2017 2018 2019 2020 & Thereafter RS F ( 00 0s) February 2015 June 2015 LIMITED NEAR-TERM EXPIRATIONS As of 3/31/2015; Pro-forma for the Transocean lease renewal (1) Excludes 41K SF leased to Cousi

  8. Slide 8: Detailed 2015-2016 Lease Expirations

    DETAILED 2015-2016 LEASE EXPIRATIONS 7 2015 Houston Expirations Total Expirations 130,675 % of CUZ Houston Office SF Expiring 2.6% % of CUZ Total Office SF Expiring 1.0% Expiring Cash Rent as % Below Market 16.7% Energy Companies SF Expiring 29,799 Energy Companies SF Expiring as a % of Total CUZ Ho

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