| Schedule of Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2026, and 2025 ($ in thousands, except per share amounts):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Earnings per common share - basic: |
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Numerator: |
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Net income |
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$ |
17,009 |
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$ |
8,778 |
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$ |
18,573 |
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$ |
44,529 |
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Net income attributable to noncontrolling interests in CPLP
from continuing operations |
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(3 |
) |
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(1 |
) |
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(3 |
) |
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(7 |
) |
Net income attributable to other noncontrolling interests |
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(6 |
) |
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(187 |
) |
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(268 |
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(552 |
) |
Net income available to common stockholders |
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$ |
17,000 |
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$ |
8,590 |
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$ |
18,302 |
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$ |
43,970 |
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Denominator: |
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Weighted average common shares - basic |
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164,601 |
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167,967 |
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165,324 |
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167,902 |
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Net income per common share - basic |
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$ |
0.10 |
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$ |
0.05 |
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$ |
0.11 |
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$ |
0.26 |
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Earnings per common share - diluted: |
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Numerator: |
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Net income |
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$ |
17,009 |
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$ |
8,778 |
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$ |
18,573 |
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$ |
44,529 |
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Net income attributable to other noncontrolling interests |
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(6 |
) |
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(187 |
) |
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(268 |
) |
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(552 |
) |
Net income available for common stockholders before
allocation of net income attributable to noncontrolling
interests in CPLP |
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$ |
17,003 |
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$ |
8,591 |
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$ |
18,305 |
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$ |
43,977 |
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Weighted average common shares - basic |
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164,601 |
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167,967 |
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165,324 |
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167,902 |
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Add: |
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Potential dilutive common shares - restricted stock units,
less shares assumed purchased at market price |
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1,157 |
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746 |
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903 |
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771 |
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Potential dilutive common shares - Employee options under the
Cousins Employee Stock Purchase Plan, less shares assumed
purchased at market price |
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5 |
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— |
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2 |
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— |
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Weighted average units of CPLP convertible into
common shares |
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25 |
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25 |
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25 |
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25 |
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Weighted average common shares - diluted |
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165,788 |
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168,738 |
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166,254 |
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168,698 |
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Net income per common share - diluted |
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$ |
0.10 |
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$ |
0.05 |
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$ |
0.11 |
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$ |
0.26 |
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