HIGHBuilt-inGeographic
Austin technology companies
“10-K Item 1A: 'in Austin, technology companies represent 53.1% of our annualized rent'”
CUZ · Concentration risk · 10-K extracted
Cousins Properties (CUZ) concentration risks
Updated
The most significant concentration Cousins Properties discloses is Austin technology companies, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Cousins Properties’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH1
MEDIUM3
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
38.6%
top 20 tenants
“10-K Item 1A: 'top 20 tenants represented 38.6% of total annualized rent'”
MEDIUMBuilt-inGeographic
36.1%
Austin
“10-K Item 1A: '36.1% of our net operating income was derived from the Austin area'”
MEDIUMBuilt-inGeographic
31.3%
Atlanta
“10-K Item 1A: '31.3% was derived from the Atlanta area'”
LOWOutside partyCustomer
8.9%
largest single tenant
“10-K Item 1A: 'our largest single tenant accounting for 8.9% of annualized rent'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentrations are heavily geographic, centered on a single metro and its technology tenants. The largest exposure is sector-and-place combined: in Austin, technology companies represent 53.1% of annualized rent — a high share by disclosed size and structural, reflecting a deliberate Sun Belt, tech-oriented office strategy. Austin itself contributed 36.1% of net operating income, and Atlanta a further 31.3%, each a medium-share, structural metro exposure; together the two markets drive the bulk of income. Tenant concentration is more moderate: the top 20 tenants represented 38.6% of total annualized rent, a medium-share dependency, while the single largest tenant was a smaller 8.9% of annualized rent, a low-share exposure. Netting these out, the dominant risk is geographic and sectoral — a concentration in Austin and in technology tenants — rather than reliance on any one lease. The Austin weighting and tech-tenant mix are the lines most worth monitoring; no single tenant is large enough to drive results alone.
For the engine’s reasoning on CUZ’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Office
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CDP | COPT Defense Properties | 2 | 2 | 1 | 5 |
| ARE | Alexandria Real Estate Equities | 2 | 0 | 0 | 2 |
| BXP | BXP, Inc. | 2 | 0 | 0 | 2 |
| CUZ● | Cousins Properties Incorporated | 1 | 3 | 1 | 5 |
| DEI | Douglas Emmett, Inc. | 1 | 0 | 1 | 2 |
| HIW | Highwoods Properties, Inc. | 1 | 0 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.