Cousins Properties Declares Second Quarter Preferred and Common Stock Dividends

ATLANTA--(Business Wire)--
Cousins Properties Incorporated (NYSE: CUZ) announced today that
its Board of Directors has declared a regular quarterly cash dividend
on its Series A Cumulative Redeemable Preferred Stock. The dividend of
$0.484375 per share, or $1.9375 on an annualized basis, is payable May
15, 2008, to Series A preferred stockholders of record on May 1, 2008.

The Board of Directors has also declared a regular quarterly cash
dividend on its Series B Cumulative Redeemable Preferred Stock. The
dividend of $0.46875 per share, or $1.875 on an annualized basis, is
payable May 15, 2008, to Series B preferred stockholders of record on
May 1, 2008.

The Board of Directors has also declared a regular quarterly cash
dividend of $0.37 per share, or $1.48 on an annualized basis, payable
May 30, 2008, to common stockholders of record on May 16, 2008.

Cousins Properties Incorporated, headquartered in Atlanta, has
extensive experience in the real estate industry including the
development, acquisition, financing, management and leasing of
properties. The property types that Cousins actively invests in
include office, multi-family, retail, industrial and land development
projects. The Company's portfolio consists of interests in 7.7 million
square feet of office space, 4.8 million square feet of retail space,
2.0 million square feet of industrial space, 353 for-sale units in
three under-development multi-family projects, 24 residential
communities under development, approximately 9,000 acres of
strategically located land tracts, and significant land holdings for
development of single-family residential communities. The Company also
provides leasing and management services to third-party investors; its
client-services portfolio comprises 12.9 million square feet of office
and retail space. The Company is a fully integrated equity real estate
investment trust (REIT) that has been public since 1962 and trades on
the New York Stock Exchange under the symbol "CUZ." For more
information on the Company, please visit its Web site at
www.cousinsproperties.com.

Cousins Properties Incorporated
Investment Community:
Mark Russell, 404-407-1390
Senior Vice President
markrussell@cousinsproperties.com
or
Media:
Matt Gove, 404-407-1490
Vice President
mattgove@cousinsproperties.com

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