Principal Real Estate and Global Investors disclose 12.3M CUZ shares (7.3%)

Rhea-AI Filing Summary

The filing shows Principal Real Estate Investors LLC and Principal Global Investors jointly report beneficial ownership of 12,312,955 shares of Cousins Properties common stock, representing 7.3% of the class. Principal Real Estate Investors holds 9,302,002 shares (5.5%) and Principal Global Investors holds 3,010,953 shares (1.8%). Both reporting persons disclose shared voting power and shared dispositive power and report no sole voting or dispositive power. The statement affirms the positions were acquired and are held in the ordinary course of business and not for the purpose of changing control. The filing is a joint submission and references a joint filing agreement as an exhibit.

Positive

• Combined 7.3% beneficial ownership by Principal affiliates represents a materially disclosed institutional stake.
• Principal Real Estate Investors holds 5.5%, exceeding the 5% reporting threshold and triggering enhanced disclosure.

Negative

• None.

Insights

Financial Analyst

TL;DR: Two Principal affiliates disclose a combined 7.3% stake, a material institutional position but a routine disclosure without change-of-control intent.

The filing reports a combined beneficial ownership of 12,312,955 shares or 7.3% of Cousins Properties. Principal Real Estate Investors holds 9,302,002 shares (5.5%) and Principal Global Investors holds 3,010,953 shares (1.8%). The holders report only shared voting and dispositive power, with no sole powers recorded. The statement explicitly notes the holdings are in the ordinary course of business and not intended to influence control, making this a material ownership disclosure that does not signal an activist or control-seeking intent.

Corporate Governance Expert

TL;DR: Material institutional ownership above 5% is disclosed but the filing affirms no takeover intent and indicates coordinated reporting.

The disclosure meets regulatory thresholds by showing Principal Real Estate Investors exceeds the 5% threshold and, together with Principal Global Investors, reports 7.3% ownership. Shared voting and dispositive power are reported for both entities and a joint filing agreement is referenced. The certification that holdings are ordinary-course and not for changing control reduces immediate governance concerns; however, the size of the stake may lead governance teams to monitor engagement activity from these reporting entities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

COUSINS PROPERTIES INC

(Name of Issuer)

Common Stock, $1 par value per share

(Title of Class of Securities)

222795502

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 222795502

1

Names of Reporting Persons

PRINCIPAL REAL ESTATE INVESTORS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,302,002.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,302,002.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,302,002.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 222795502

1

Names of Reporting Persons

PRINCIPAL GLOBAL INVESTORS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,010,953.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,010,953.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,010,953.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: COUSINS PROPERTIES INC
(b)	Address of issuer's principal executive offices: 3344 PEACHTREE ROAD, NE, SUITE 1800, ATLANTA, GEORGIA 30326
Item 2.
(a)	Name of person filing: PRINCIPAL REAL ESTATE INVESTORS LLC PRINCIPAL GLOBAL INVESTORS
(b)	Address or principal business office or, if none, residence: PRINCIPAL REAL ESTATE INVESTORS, LLC 711 HIGH STREET DES MOINES, Iowa 50392-0300 PRINCIPAL GLOBAL INVESTORS 711 HIGH STREET DES MOINES, Iowa 50392-0300
(c)	Citizenship: PRINCIPAL REAL ESTATE INVESTORS LLC - DELAWARE PRINCIPAL GLOBAL INVESTORS - DELAWARE
(d)	Title of class of securities: Common Stock, $1 par value per share
(e)	CUSIP No.: 222795502
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,312,955
(b)	Percent of class: 7.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: PRINCIPAL REAL ESTATE INVESTORS LLC - 0 PRINCIPAL GLOBAL INVESTORS - 0
	(ii) Shared power to vote or to direct the vote: PRINCIPAL REAL ESTATE INVESTORS LLC - 9,302,002 PRINCIPAL GLOBAL INVESTORS - 3,010,953
	(iii) Sole power to dispose or to direct the disposition of: PRINCIPAL REAL ESTATE INVESTORS LLC - 0 PRINCIPAL GLOBAL INVESTORS - 0
	(iv) Shared power to dispose or to direct the disposition of: PRINCIPAL REAL ESTATE INVESTORS LLC - 9,302,002 PRINCIPAL GLOBAL INVESTORS - 3,010,953
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PRINCIPAL REAL ESTATE INVESTORS LLC

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Management
Date:	08/08/2025

PRINCIPAL GLOBAL INVESTORS

Signature:	/s/ J. Markham Penrod
Name/Title:	Chief Compliance Officer - North America, Principal Asset Management
Date:	08/08/2025

Exhibit Information

This statement is filed by Principal Real Estate Investors LLC and Principal Global Investors LLC jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1.

FAQ

How many Cousins Properties (CUZ) shares do Principal Real Estate Investors and Principal Global Investors report owning?

They jointly report beneficial ownership of 12,312,955 shares in total: 9,302,002 by Principal Real Estate Investors and 3,010,953 by Principal Global Investors.

What percentage of Cousins Properties (CUZ) does the combined holding represent?

The combined position represents 7.3% of the outstanding class.

Do the reporting persons claim sole voting or dispositive power over the shares?

No. The filing reports 0 shares with sole voting or dispositive power and reports shared voting and shared dispositive power for the listed amounts.

Does the filing indicate the positions are intended to change control of Cousins Properties (CUZ)?

The filing includes a certification stating the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing control of the issuer.

Did the filing reference any agreement between the reporting persons?

Yes. The statement notes a Joint Filing Agreement is filed as an exhibit to this Schedule 13G.