Cousins Properties Declares Third Quarter Common Stock Dividend.

Business Editors

ATLANTA--(BUSINESS WIRE)--July 28, 2003

Cousins Properties Incorporated (NYSE:CUZ) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.37, or $1.48 on an annualized basis, payable Aug. 25, 2003, to common stockholders of record on Aug. 11, 2003.

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, retail, medical office and land development projects. The Company's portfolio consists of interests in 13.9 million square feet of office and medical office space, 2.7 million square feet of retail space and more than 300 acres of strategically located land for future commercial development. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 6.1 million square feet of office space. Cousins 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 please visit www.cousinsproperties.com.