8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 21, 2007

Cousins Properties Incorporated

(Exact name of registrant as specified in its charter)

Georgia
(State or other jurisdiction of incorporation)

0-3576
(Commission File Number)

58-0869052
(IRS Employer Identification Number)

2500 Windy Ridge Parkway, Atlanta, Georgia 30339-5683
(Address of principal executive offices)

Registrant’s telephone number, including area code: (770) 955-2200

Not applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

     On February 21, 2007, Cousins Properties Incorporated (the “Company”) issued a press release disclosing that Net Income Available to Common Stockholders and Funds From Operations Available to Common Stockholders for the three months and year ended December 31, 2006 had increased $821,000 from the amounts it had reported in a press release dated February 5, 2007. A copy of the Company’s press release is attached hereto as Exhibit 99.1. The information contained in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” with the Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits

     (c) Exhibits:

Exhibit Number		Description
	99.1	Adjustment to Fourth Quarter Earnings Release

2

Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 21, 2007

COUSINS PROPERTIES INCORPORATED
By:	/s/ James A. Fleming
	James A. Fleming
	Executive Vice President and Chief Financial Officer

3

EX-99.1

Exhibit 99.1

News Release

CONTACT:
Investment Community:	Media:
Patrick Hickey	Matt Gove
Vice President	Vice President
(770) 857-2503	(770) 857-2548
pathickey@cousinsproperties.com	mattgove@cousinsproperties.com

Web Site address: www.cousinsproperties.com

COUSINS PROPERTIES REPORTS ADJUSTMENT TO FOURTH QUARTER EARNINGS RELEASE

ATLANTA (February 21, 2007) — Cousins Properties Incorporated (NYSE: CUZ) reported today that Net Income Available to Common Stockholders (“Net Income Available”) and Funds From Operations Available to Common Stockholders (“FFO”) have increased by $821,000 for the three months and year ended December 31, 2006, when compared to the Net Income Available and FFO reported in the Company’s fourth quarter earnings news release of February 5, 2007.

     The adjustment resulted from a revision to the Company’s estimate of recoverable expenses at its One Ninety One Peachtree Tower property. The adjustment had the effect of increasing:

• FFO from $26.7 million ($0.50 per share) to $27.6 million ($0.52 per share) for the three months ended December 31, 2006;

• FFO (after a supplemental adjustment to exclude loss on extinguishment of debt) from $73.6 million ($1.40 per share) to $74.5 million ($1.42 per share) for the year ended December 31, 2006;

• Net Income Available from $37.3 million ($0.70 per share) to $38.1 million ($0.72 per share) for the three months ended December 31, 2006; and

• Net Income Available from $216.6 million ($4.13 per share) to $217.4 million ($4.14 per share) for the year ended December 31, 2006.

     The Company will revise the schedules contained in its Quarterly Information Package for the quarter ended December 31, 2006, located on its web site (www.cousinsproperties.com) to reflect this change on February 22, 2007.

     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 7.2 million square feet of office space, 4.2 million square feet of retail space, 2.0 million square feet of industrial space, a 529 unit for-sale multi-family project under development, 24 residential communities under development, over 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 14.8 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.

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2500 Windy Ridge Parkway • Suite 1600 • Atlanta, Georgia 30339-5683 • 770/955-2200 · FAX 770/857-2360