---
schema_version: "secwatch.filing_event.v1"
accession: "0000025232-23-000044"
form_type: "8-K"
ticker: "CUZ"
cik: "0000025232"
company_name: "COUSINS PROPERTIES INC"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:40:54.863448+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cousins Properties expects SVB lease rejection, lowers net income guidance, signs new Domain 8 lease

## Summary
- SVB Financial lease rejection likely; write-off $1.6M net assets and $3.4M depreciable fixed assets; estimated allowed damages claim $8.8M.
- Full-year 2023 net income per share guidance reduced to $0.53-$0.63 from $0.56-$0.66; FFO guidance maintained at $2.55-$2.65.
- New 102,000 sq ft lease signed at Domain 8 with large tech firm; Meta paid early termination fee; positive FFO impact ~$3.0M in 2023.
- Net negative impact from Hayden Ferry I: $5.6M on net income, $3.0M on FFO for full year 2023 based on effective termination June 30.
- Repositioning Hayden Ferry I for redevelopment; capitalize operating/interest expenses, cease depreciation until 90% occupied or 1 yr after redevelopment.

## SEC filing metadata
- accession: 0000025232-23-000044
- form_type: 8-K
- ticker: CUZ
- cik: 0000025232
- company_name: COUSINS PROPERTIES INC
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25232/000002523223000044/0000025232-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25232/000002523223000044/cuz-20230605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000025232-23-000044
- JSON: https://secwatch.observer/filing/0000025232-23-000044.json
- Plain text: https://secwatch.observer/filing/0000025232-23-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.