Cousins Properties (CUZ) risk factors, FY2025 10-K

Cousins Properties's FY2025 10-K, filed Feb 05, 2026, lists 25 risk factors. Against the prior year's 27: 4 new, 6 dropped, 3 substantially reworded.

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Risk factors listed
251 groups
New this year
4vs 27 last year
Dropped
6since the prior 10-K
Substantially reworded
3of those kept
Section length
13k wordsItem 1A

What the changes say

  • Cousins Properties added new specific risk disclosures covering artificial intelligence adoption and expanded cyberattack threats to building management systems.

What changed since the prior 10-K

New

  • New

    circumstances such as reduced occupancy or other market factors cause a reduction in revenue from the property. If a property is mortgaged and we are unable to meet the mortgage payments, the lender could foreclose on the mortgage and take title to the property

    Revenue reductions, asset impairment charges, and foreclosure risks tied to our 90.7% leased office properties and top 20 tenants.

  • NewGeneral Risks

    Adverse U.S. and global economic conditions could have a negative effect on our business, results of operations and financial condition and liquidity

    General economic slowdowns, inflation, higher interest rates, and trade tariffs could harm our business, liquidity, and tenant operations.

  • NewGeneral Risks

    We face risks associated with cyberattacks with respect to our data and systems

    Cyberattacks on our digital data, third-party software, and critical building management systems could disrupt our daily operations.

  • NewGeneral Risks

    Use of artificial intelligence presents risks and challenges that could impact our business

    Adoption of artificial intelligence tools could create legal, privacy, security, and cybersecurity risks that impact our business performance.

Dropped

  • Dropped

    results of operations and cash flows to the extent that they result in reduced rental rates, additional capital improvements, or allowances paid to, or on behalf of, the tenants

  • Dropped

    Compliance or failure to comply with the Americans with Disabilities Act or other federal, state, and local regulatory requirements could result in substantial costs

    Tenant concentration risk regarding top 20 tenants representing 39.5% of total annualized rent.

  • Dropped

    property, including any operating shortfalls and significant capital expenditures, could materially and adversely affect our results of operations, financial conditions, and liquidity

    Compliance or failure to comply with the Americans with Disabilities Act regulatory requirements.

  • DroppedGeneral Risks

    A pandemic, epidemic, or outbreak of a contagious disease could adversely affect us

  • DroppedGeneral Risks

    We may change our policies without obtaining the approval of our stockholders

  • DroppedGeneral Risks

    We face risks associated with security breaches through cyber attacks or cyber intrusions, as well as other significant disruptions of our information technology (IT) networks and related systems

Reworded

  • 44% rewritten

    Adverse changes to our credit ratings could limit our access to funding and increase our borrowing costs

    Updated credit rating risk to note that interest rate spreads on corporate floating rate debt are based on current corporate credit ratings.

  • 39% rewritten

    Our ownership of commercial real estate involves a number of risks, the effects of which could adversely affect our business

    Minor stylistic and formatting adjustments to the list of factors affecting commercial real estate economic performance and value.

  • 36% rewritten

    The mortgage loans in which we may invest are subject to delinquency, foreclosure, and loss, which could result in losses to us

    Corrected a grammatical typo regarding mortgage loans secured by commercial properties being subject to risks of delinquency and foreclosure.

All 25 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Our ownership of commercial real estate involves a number of risks, the effects of which could adversely affect our business39% rewritten
  2. 02circumstances such as reduced occupancy or other market factors cause a reduction in revenue from the property. If a property is mortgaged and we are unable to meet the mortgage payments, the lender could foreclose on the mortgage and take title to the propertyNew
  3. 03Any additional indebtedness incurred may have a material adverse effect on our financial condition and results of operations
  4. 04Covenants contained in our Credit Facility, senior unsecured notes, term loans, and mortgages could restrict our operational flexibility, which could adversely affect our results of operations
  5. 05Our degree of leverage could limit our ability to obtain additional financing or affect the market price of our securities
  6. 06Adverse changes to our credit ratings could limit our access to funding and increase our borrowing costs44% rewritten
  7. 07We face risks associated with operating property acquisitions
  8. 08We face risks associated with the development of real estate
  9. 09Our investments in real estate debt face prepayment risk and interest rate fluctuations that may adversely affect our results of operations and financial condition
  10. 10We will face risks related to our investments in mezzanine loans
  11. 11The mortgage loans in which we may invest are subject to delinquency, foreclosure, and loss, which could result in losses to us36% rewritten
  12. 12Any failure to continue to qualify as a REIT for federal income tax purposes could have a material adverse impact on us and our stockholders
  13. 13Certain property transfers may be characterized as prohibited transactions
  14. 14Recent changes to the U.S. tax laws could have an adverse impact on our business operations, financial condition, and earnings
  15. 15We may face risks in connection with Section 1031 Exchanges
  16. 16Our business could be adversely impacted if we have deficiencies in our disclosure controls and procedures or internal control over financial reporting

General Risks

  1. 17Adverse U.S. and global economic conditions could have a negative effect on our business, results of operations and financial condition and liquidityNew
  2. 18The market price of our common stock may fluctuate
  3. 19We face risks associated with cyberattacks with respect to our data and systemsNew
  4. 20Use of artificial intelligence presents risks and challenges that could impact our businessNew
  5. 21We are dependent upon the services of certain key personnel, including members of the Board of Directors, the loss of any of whom could adversely impact our ability to execute our business
  6. 22Employee misconduct or misconduct by members of the Board of Directors could adversely impact our ability to execute our business
  7. 23Our restated and amended articles of incorporation contain limitations on ownership of our stock, which may prevent a change in control that might otherwise be in the best interest of our stockholders
  8. 24If our future operating performance does not meet the projections of our analysts or investors, our stock price could decline
  9. 25Corporate responsibility matters may expose us to negative public perception, impose additional costs on our business, or impact our stock price

Other Cousins Properties 10-Ks

  • FY2024 10-K risk factors
    27 risks

    Tenant concentration risk leaves cash flows vulnerable if key tenants vacate or default. Debt levels of $3.1 billion create significant exposure to interest rate and financing constraints. Strict REIT qualification and tax rules limit operational and transaction flexibility.

    Filed Feb 06, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.