Cousins Properties (NYSE: CUZ) authorizes $250M share repurchase program

Rhea-AI Filing Summary

Cousins Properties Incorporated announced that its Board of Directors has authorized a new share repurchase program allowing the company to buy back up to $250 million of its outstanding common shares. The authorization gives management flexibility to repurchase stock over time at its discretion.

Cousins expects to fund repurchases with proceeds from non-core asset sales, retained cash, debt financing and/or settlement of common shares previously issued on a forward basis under its at-the-market stock offering program. Repurchases may occur in the open market, through privately negotiated deals or other methods permitted by law, with no expiration date, and the program may be suspended or discontinued at any time.

Insights

Real Estate Capital Markets Analyst

Cousins adds a flexible $250M buyback tool, with execution optional.

Cousins Properties has authorized a share repurchase program of up to $250 million of common stock. For a REIT, this type of authorization provides an additional capital allocation lever alongside development, acquisitions and debt reduction, but actual impact depends on how much is ultimately used.

Management lists several potential funding sources: non-core asset sale proceeds, retained cash, debt financing and settlement of previously issued forward shares under its at-the-market program. This mix suggests flexibility between recycling capital and modest balance sheet leverage, constrained by REIT distribution and leverage norms.

The program has no expiration date and can be suspended or discontinued, so timing and scale of repurchases will depend on future stock prices, market conditions and cash availability. Subsequent disclosures in periodic reports or future announcements would be needed to see actual repurchase activity and its effects on share count and leverage.

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UNITED STATES

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 17, 2026

Cousins Properties Incorporated

(Exact name of registrant as specified in its charter)

Georgia 001-11312 58-0869052

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)

3344 Peachtree Road NE, Suite 1800, Atlanta, Georgia 30326-4802

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (404) 407-1000

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):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $1 par value per share

CUZ

New York Stock Exchange

("NYSE")

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the securities Act of 1933 (§230.405 of this chapter) or Rule 12b-12 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On February 17, 2026, Cousins Properties Incorporated (the “Company”) announced that the Board of Directors of the Company has authorized the repurchase of up to $250 million of its outstanding common shares. The Company anticipates funding the share repurchase program with proceeds from non-core asset sales, retained cash, debt financing, and/or settlement of common shares previously issued on a forward basis under the Company's at-the-market stock offering program ("ATM"). The Company may purchase its common shares from time to time in amounts and at prices determined by the Company in its discretion. The repurchases may be executed in the open market, through private negotiations, or in other manners permitted by federal securities laws and other legal requirements. The share repurchase 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.

A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by

reference herein.

Item 9.01. Financial Statements and Exhibits.

    (a)    Exhibits

Exhibit Number        Exhibit Description

99.1			Press Release dated February 17, 2026.
104			Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

Signatures

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

Date: February 17, 2026

COUSINS PROPERTIES INCORPORATED

By: /s/ Pamela F. Roper

Pamela F. Roper

Executive Vice President, General Counsel, and Corporate Secretary

CONTACT: Roni Imbeaux Senior Vice President, Finance and Investor Relations 404-407-1104 rimbeaux@cousins.com Cousins Properties Announces $250 Million Share Repurchase Program ATLANTA (February 17, 2026) — 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 News Release

no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

FAQ

What did Cousins Properties (CUZ) announce in its latest 8-K filing?

Cousins Properties announced Board authorization for a new share repurchase program of up to $250 million of outstanding common shares. The program is discretionary, has no expiration date, and repurchases can be made in the open market, privately negotiated transactions, or other methods permitted by securities laws.

How large is the Cousins Properties (CUZ) share repurchase program?

The Board authorized Cousins Properties to repurchase up to $250 million of its outstanding common shares. This amount represents the maximum dollar value the company may buy back under the program, though it is not obligated to use the full authorization or repurchase any specific number of shares.

How does Cousins Properties (CUZ) plan to fund the $250 million buyback?

Cousins plans to fund the share repurchase program using proceeds from non-core asset sales, retained cash, debt financing and/or settlement of common shares previously issued on a forward basis under its at-the-market stock offering program. This mix provides flexibility depending on future capital needs and market conditions.

Does the Cousins Properties (CUZ) share repurchase program have an expiration date?

The share repurchase program has no expiration date. Cousins Properties may buy back shares from time to time at its discretion, and the program can be suspended or discontinued at any time, giving the company flexibility to adjust activity as market and business conditions change.

What methods can Cousins Properties (CUZ) use to repurchase its shares?

Cousins can repurchase shares in the open market, through privately negotiated transactions, or in other manners allowed under federal securities laws and other legal requirements. This flexibility lets the company select repurchase methods that best fit trading conditions and liquidity at the time of execution.

Is Cousins Properties (CUZ) required to repurchase the full $250 million in shares?

The company is not obligated to repurchase any specific dollar amount or number of shares under the program. The $250 million authorization is a cap, and actual repurchases will depend on stock price, market conditions, available capital and other corporate considerations over time.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 3.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 14.6 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 25.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 15.2 KB