Cousins Properties Announces $250 Million Share Repurchase Program

Rhea-AI Summary

Cousins Properties (NYSE:CUZ) announced that its Board authorized a $250 million share repurchase program on February 17, 2026. The Program allows repurchases in the open market, in negotiated transactions, or as permitted by law.

The company said it may fund repurchases with proceeds from non-core asset sales, retained cash, debt financing, and/or settlement of shares issued under its ATM program. The Program has no expiration date, does not obligate repurchases, and may be suspended or discontinued at any time.

Positive

• $250 million authorized share repurchase program
• Repurchase funding options include non-core asset sales and retained cash
• Repurchases permitted via open-market or private transactions

Negative

• Program may use debt financing to fund repurchases
• Program is non-binding and may be suspended or discontinued at any time

News Market Reaction – CUZ

+3.61%

+3.61% Session close to close

In the Feb 17 session, CUZ gained 3.61%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement introduces a new share repurchase program authorizing up to $250 million of common...

Analysis

This announcement introduces a new share repurchase program authorizing up to $250 million of common stock, funded from non-core asset sales, retained cash, debt financing and prior ATM issuances. It follows an active period that included a $317.5 million acquisition and a $500 million notes offering. Investors may watch actual buyback execution levels, funding mix, and any changes in leverage or asset recycling as key indicators of how this program affects long-term capital allocation.

Key Figures

Share repurchase authorization: $250 million Current share price: $22.46 52-week high: $30.81 +1 more

4 metrics

Share repurchase authorization $250 million Newly established buyback program

Current share price $22.46 Pre-news market context

52-week high $30.81 Pre-news trading range

52-week low $21.03 Pre-news trading range

Historical Context

5 past events · Latest: Feb 10 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 10	Debt offering	Neutral	-0.7%	Priced $500M senior unsecured notes due 2033 for refinancing and liquidity.
Feb 05	Property acquisition	Positive	-1.2%	Acquired fully leased 300 South Tryon office for $317.5 million in Charlotte.
Feb 05	Earnings release	Neutral	-1.2%	Announced Q4 and full-year 2025 results and scheduled earnings conference call.
Jan 20	Tax reporting	Neutral	+0.8%	Published 2025 tax reporting; four quarterly dividends of $0.320000 per share.
Jan 07	Earnings scheduling	Neutral	+3.0%	Set dates for Q4 and 2025 earnings release and conference call logistics.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent CUZ news (acquisitions, financing, tax and earnings disclosures) often saw modest or negative next-day moves, with the accretive 300 South Tryon acquisition notably selling off.

Recent Company History

Over the last six weeks, Cousins reported several key developments. It closed and later highlighted the $317.5 million acquisition of 300 South Tryon, described as immediately accretive, and subsequently priced $500 million of senior notes due 2033 to refinance credit facility borrowings. Routine items included 2025 tax reporting with quarterly distributions of $0.320000 per share, the 2025 10-K filing, and scheduling plus release of Q4 and full-year 2025 results. Against this backdrop, the new $250 million share repurchase program follows an active period of acquisitions and financing.

Key Terms

atm program

1 terms

atm program financial

"previously issued on a forward basis under Cousins' ATM program."

An at-the-market (ATM) program is an arrangement that lets a publicly traded company sell newly issued shares gradually into the open market at prevailing prices, through a designated broker-dealer, instead of raising money in one large offering. It gives the company flexible, lower-cost fundraising; for existing shareholders it matters because each sale adds to the share count, which can dilute their ownership stake.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, Feb. 17, 2026 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE:CUZ) announced today that its Board of Directors has authorized the repurchase of up to $250 million of its outstanding common shares under a newly established share repurchase program (the "Program"). Cousins anticipates funding the Program with a combination of proceeds from non-core asset sales, retained cash, debt financing and/or the settlement of common shares previously issued on a forward basis under Cousins' ATM program.

Purchases made pursuant to the Program will be made from time to time in the open market, in privately negotiated transactions, or in other manners as permitted by federal securities laws and other legal requirements. The specific timing, manner, price and size of any repurchases will depend on prevailing stock prices, general economic and market conditions and other considerations. The Program does not have an expiration date, does not obligate the Company to repurchase any dollar amount or number of shares, and may be suspended or discontinued at any time.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

This press release does not constitute an offer of any securities for sale. Certain matters discussed in this press release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk and actual results may differ materially from projections. Readers should carefully review Cousins' financial statements and notes thereto, as well as the risk factors described in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other documents Cousins files from time to time with the Securities and Exchange Commission. Such forward-looking statements are based on current expectations and speak as of the date of such statements. Cousins undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

CONTACT:
Roni Imbeaux
Senior Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com

View original content:https://www.prnewswire.com/news-releases/cousins-properties-announces-250-million-share-repurchase-program-302689029.html

SOURCE Cousins Properties

FAQ

What did Cousins Properties (CUZ) announce on February 17, 2026 about share repurchases?

Cousins authorized a $250 million share repurchase program on February 17, 2026. According to the company, repurchases may be funded by non-core asset sales, retained cash, debt financing, or settlement of shares from its ATM program.

How will Cousins Properties (CUZ) fund the $250 million repurchase program?

The company said funding may come from non-core asset sales, retained cash, debt financing, or ATM share settlements. According to the company, it expects a combination of those sources could be used to support repurchases.

Does the Cousins (CUZ) repurchase program have an expiration date or required buyback amount?

No, the Program has no expiration date and does not obligate any repurchase amount. According to the company, it may suspend or discontinue the Program at any time.

How will Cousins (CUZ) execute share repurchases under the $250 million program?

Repurchases may occur in the open market, in privately negotiated transactions, or as permitted by law. According to the company, timing, price, and size will depend on market and economic conditions.

What are the investor implications of Cousins' (CUZ) $250 million buyback authorization?

The authorization gives the company flexibility to repurchase shares up to $250 million, subject to funding and market conditions. According to the company, actual purchases are discretionary and not guaranteed under the Program.