Cousins Properties Incorporated · NYSE:CUZ

Cousins Properties — Corporate Update (March 2019)

6 slides from Cousins Properties's corporate update, Mar 4, 2019

  1. Slide 1: Strategic Atlanta Transactions

    STRATEGIC ATLANTA TRANSACTIONS March 4, 2019

  2. Slide 2: Overview

    OVERVIEW THREE TRANSACTIONS GENERATE:  $65.4MM IN GAIN/FEES RUNNING THROUGH FFO  AN ATTRACTIVE ACQUISITION OPPORTUNITY  FUTURE DEVELOPMENT RIGHTS 650 West Peachtree 1 Gulch Air Rights Sale 2 Fee Development 3 1200 Peachtree Acquisition  Sales price $13.25MM  Cousins to develop new 750K SF  Acq

  3. Slide 3: Gulch Air Rights

    1 GULCH AIR RIGHTS CNN COUSINS SELLS ITS AIR RIGHTS IN THE Center GULCH TO CIM GROUP State Farm Arena Gulch Development Mercedes Benz Stadium CUZ Air Rights SALE PRICE:  COUSINS ACQUIRED AIR RIGHTS WHEN DEVELOPING THE CNN $13.25MM ($0 Basis) CENTER IN THE 1970s SIZE:  CIM GROUP INTENDS TO DEVELOP

  4. Slide 4: 650 West Peachtree

    2 650 WEST PEACHTREE COUSINS TO DEVELOP NEW HEADQUARTERS FOR NORFOLK SOUTHERN IN MIDTOWN ATLANTA SIZE:  NORFOLK SOUTHERN WILL RELOCATE ITS CORPORATE HEADQUARTERS 750K SF TO ATLANTA AND CONSOLIDATE ITS EXISTING ATLANTA OPERATIONS AT CONSTRUCTION START: THIS LOCATION Q1 2019  THE NEW HQ SITE IS LOCA

  5. Slide 5: 1200 Peachtree

    3 1200 PEACHTREE COUSINS ACQUIRES 1200 PEACHTREE FROM NORFOLK SOUTHERN IN MIDTOWN ATLANTA Promenade 1200 Peachtree ACQUISITION PRICE:  CLASS A OFFICE BUILDING IN MIDTOWN ATLANTA WITH $82MM ($222/SF) SIGNIFICANT RECENT UPGRADES SIZE:  LOCATED ON PEACHTREE STREET ADJACENT TO COUSINS’ 370K SF PROMENA

  6. Slide 6: Contacts and Cautionary Note Regarding Forward-Looking Statements

    GREGG ADZEMA RONI IMBEAUX EXECUTIVE VICE PRESIDENT VICE PRESIDENT, FINANCE AND CHIEF FINANCIAL OFFICER AND INVESTOR RELATIONS gadzema@cousins.com rimbeaux@cousins.com 404.407.1116 404.407.1104 Cautionary Note Regarding Forward-Looking Statements This document may include “forward-looking statements”

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