Cousins Properties Incorporated 2006 Annual Report - SNL Financial

Lease Expirations — Industrial
As of December 31, 2006, the Company’s industrial portfolio included one fully operational building in the
King Mill Distribution Park — Building 3A, Phase I. The tenant lease in this building provides for pass through of
operating expenses and contractual rents which escalate over time. The lease expires in 2012.
FOOTNOTES
(1) Average economic occupancy is calculated as the percentage of the property for which revenue was
recognized during the year. If the property was purchased during the year, average economic occupancy
is calculated from the date of purchase forward. If the project has an expansion that was under construction
during the year, average economic occupancy for the expansion portion is only included after it becomes
partially operational.
(2) Cost as shown in the accompanying table includes deferred leasing costs and other tangible related assets.
(3) 191 Peachtree Tower is treated as an operational property for financial reporting purposes, although the
Company considers this property as a redevelopment project in some of its external reports and analyses. Also,
the acreage numbers include 0.8 acres under a ground lease which expires in 2086.
(4) Approximately 0.18 acres of the total four acres of land at Inforum are under a ground lease expiring in 2068.
(5) Actual tenant or venture partner is an affiliate of the entity shown.
(6) These projects are owned either (1) through a joint venture with a third party providing a participation in
operations and on sale of the property or (2) subject to a contract with a third party providing a participation in
operations and on sale of the property, even though they may be shown as 100% owned.
(7) 100 North Point Center East and 200 North Point Center East were financed together as one non-recourse
mortgage note payable.
(8) 333 North Point Center East and 555 North Point Center East were financed together as one recourse mortgage
note payable.
(9) See “Additional Information Related to Operating Properties” following this table for more information
related to 3100 Windy Hill Road.
(10) At Meridian Mark Plaza, 8,718 square feet of the Northside Hospital lease expires in 2008; 7,521 square feet
of the Scottish Rite Hospital lease expires in 2009.
(11) Emory Crawford Long Medical Office Tower was developed on top of a building within the Crawford Long
Hospital campus. The venture received a fee simple interest in the air rights above this building in order to
develop the medical office tower.
(12) Presbyterian Medical Plaza at University is located on 1 acre, which is subject to a ground lease expiring in
2057.
(13) Approximately 23,359 square feet of the Novant Health, Inc. lease at Presbyterian Medical Plaza at University
expires in 2007, with an option to renew through 2022.
(14) Where a tenant has the option to cancel its lease without penalty, the lease expiration date used in the Lease
Expirations tables reflect the cancellation option date rather than the lease expiration date.
(15) Annual Contractual Rent excludes the operating expense reimbursement portion of the rent payable and
percentage rents, if applicable. If the lease does not provide for pass through of such operating expense
reimbursements, an estimate of operating expenses is deducted from the rental rate shown. The contractual
rental rate shown is the estimated rate in the year of expiration.
(16) Rentable square feet leased as of December 31, 2006 out of approximately 2,828,000 total rentable square
feet.
(17) Rentable square feet leased as of December 31, 2006 out of approximately 2,095,000 total rentable square
feet.
(18) These retail centers also include outparcels which are ground leased to freestanding users.
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