Cousins Properties Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Cousins Properties Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss from continuing operations of $53.339 million or $0.95 per diluted share, net loss available to common stockholders of $57.088 million or $0.95 per diluted share on revenue of $59.195 million compared to the income from continuing operations of $11.987 million or $0.13 per diluted share, net loss available to common stockholders of $6.978 million or $0.13 per diluted share on revenue of $70.270 million for the same period a year ago. The company reported negative FFO available to common stockholders of $41.935 million or $0.70 per diluted share compared to the FFO available to common stockholders of $20.931 million or $0.39 per diluted share for the same period a year ago. For nine months, the company reported income from continuing operations of $33.344 million or $0.40 per diluted share, net loss available to common stockholders of $22.170 million or $0.40 per diluted share on revenue of $159.347 million compared to the income from continuing operations of $26.032 million or $0.24 per diluted share, net loss available to common stockholders of $11.728 million or $0.22 per diluted share on revenue of $161.936 million for the same period a year ago. The company reported negative FFO available to common stockholders of $99.276 million or $1.79 per diluted share compared to the FFO available to common stockholders of $50.862 million or $0.95 per diluted share for the same period a year ago. The Company recorded $48.5 million of non-cash impairment charges during the third quarter of 2009. These charges consisted of the following: impairment charge on investment in Terminus 200, LLC of $38.9 million, impairment charge on investment in Glenmore Garden Villas LLC of $4.9 million, impairment charge on airplane of $4.0 million, company share of impairment charge on property owned by Temco Associates LLC of $631,000.

Cousins Properties Inc. announced that its Board of Directors has declared a quarterly dividend of $0.09 per share, payable December 11, 2009, to common stockholders of record as of October 26, 2009. The dividend will be payable in a combination of cash and shares of the Company's common stock with the cash component of the dividend not to exceed 33.34% of the aggregate dividend amount. The company expects the dividend to be fully taxable to its shareholders and reserves the right to pay the dividend entirely in cash. The Board of Directors 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 November 16, 2009, to Series A preferred stockholders of record on November 2, 2009. 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 November 16, 2009, to Series B preferred stockholders of record on November 2, 2009.