• • • • • • • • • • • • • • • • • •

5

COMMODITY OFFICE ASSETS ✓ New or recently redeveloped properties that command premium rents and enjoy higher occupancy ✓ Located in the best markets and submarkets with close proximity to thriving and dynamic neighborhoods ✓ Highly-amenitized including on-site retail & food, activated outdoor space, collaboration & meeting space, state-of-the art fitness options with locker rooms ✓ Inspired design and efficient systems and floorplates are becoming gating factors for increasingly discerning customers LIFESTYLE OFFICE ASSETS × Older vintage assets with few or no in-building amenities and limited outdoor activation × Proximity to single-use office districts with challenging walkability and post work entertainment options × Dated designs as well as inefficient building systems and floorplates with bland common areas × Fundamental interior features – low ceiling heights, small windows, etc. – are uneconomic to change or improve through redevelopment × Inconvenient and exposed surface parking Companies are recognizing the importance of desirable office space in recruitment, retention and culture Large portions have become obsolete and unleasable – eventually will be redeveloped into another use

RECENTLY COMPLETED REDEVELOPMENTS IN-PROCESS REDEVELOPMENT

CLASS A ASKING RENT ($/SF)1,2

⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫

FLIGHT TO QUALITY

FLIGHT TO QUALITY1

SUN BELT MIGRATION

SUN BELT MIGRATION1

QUARTERLY U.S. LEASING ACTIVITY1 (MM SF)

QUARTERLY U.S. OFFICE GROUNDBREAKING VOLUME1 (MM SF)

LEASE EXPIRATIONS BY YEAR1

SHORT-TERM LEASE EXPIRATIONS (NEXT THREE YEARS)1

COUSINS PORTFOLIO OCCUPANCY vs LEASED1

COUSINS INCREASE IN 2ND GENERATION CASH NET RENT1

ASSET RECYCLING1

CURRENT DEVELOPMENT PIPELINE AUSTIN NASHVILLE

NET DEBT/EBITDA1

DEBT MATURITY SCHEDULE1

COUSINS’ IN-PLACE GROSS RENT PER SF1

OFFICE REIT COMMON DIVIDEND GROWTH (2019 vs CURRENT)1 COUSINS’ FAD PAYOUT RATIO2

NET ASSET VALUE APPRECIATION PER GREEN STREET1

3344 Peachtree Road NE Suite 1800 Atlanta, GA 30326 Executive Vice President and Chief Financial Officer gadzema@cousins.com 404.407.1116 Vice President, Finance and Investor Relations rimbeaux@cousins.com 404.407.1104