CUZ Cousins Properties Inc

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 February 15, 2007, to Series A preferred stockholders of record on February 1, 2007. 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 February 15, 2007, to Series B preferred stockholders of record on February 1, 2007. 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 February 22, 2007, to common stockholders of record on February 8, 2007. Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including development, acquisition, financing, management and leasing. Cousins actively invests in office, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 7.3 million square feet of office space, 4.2 million square feet of retail space, 2�million square feet of industrial space, one multi-family residential project and 23 single-family neighborhood developments, over 9,200 acres of strategically located land tracts for sale or future development, and significant land holdings for development of single-family residential communities. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 14.9 million square feet of office and retail 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 on the Company, please visit Cousins' Web site at www.cousinsproperties.com.