quick Good with performing Colin. quarters, quarter to extraordinarily our portfolio I'll as pandemic Thanks our first Similar prior of performance. morning everyone. well the a begin arrived. review is
which in team Our square noticeably rents Rent of were was leasing feet quarter, over first cash new with expansion growth a XXX,XXX strong net the leases. increasing XX.X% basis. of and completed on second-generation XX%
quarter XXXX. a two in Net $XX.XX foot, level square quarters at came per for the effective since surpassed in only other rents
in rents place a gross at We also record at the $XX.XX leased ended square per quarter XX.X% foot. with
same-property portfolio as XX.X% increased end. of to Our leased quarter
market of now quarter the However, backdrop as present first all for backdrop is know the uncertainty. favorable we a distinct much of
market arrival of And cooled. activity the in With mission-critical our nature. is of activity substantially majority current our sense is leasing COVID-XX, the
of Despite pandemic. the new first quarter interesting March XX% activity to our leasing the market amid was signed in backdrop, that note it of is onset the
XXX,XXX law firm signed square a square Tower of we in Colorado a Austin. at Additionally, in foot global including lease April, new XX,XXX leading feet with leases
talk about time This will occupy XXXX. a at new the phased represents planned Parsley exposure commitments reducing new starting lease Energy energy with leased long-term significant while same currently will early space in I our which rent roll-up, This by later. customer
April increase amendments the cash second-generation and rents on XX.X% signed pandemic by saw any excludes Our lease basis. activity a net precipitated
With negotiation regard has erosion, our month activity seen average. but remain to XX with ongoing squarely in pipeline latest line and lease leasing our some
leasing activity earlier-stage proposal given happening. tour less still but however pipeline decidedly Our various shelter-in-place some and the active is there is orders
impact rather to-date of the of have shock. leasing canceled. demand general, we tell decisions In it the early still this The is extent observed more full than delayed being bottom-line, too to
budget. development in well-leased, a and active all in pipeline our our is pipeline, days activity setback measured of our to relates it in and construction time, with As uninterrupted Austin continued our largely on markets small development has on
and share construction you I positioning in want real-time some also insights activity. activity business comprehensive an a leasing and effort into beyond more give our view to our current to other
our on commentary and some revenue First, the quality customers. of
we is As space. annual expect, retail about for our rent revenue you of and office might XX% estimate contractual
non-contractual our with Cousins revenue has to exposure. transient as limited exposure parking largest
representing Our of parking total revenue. revenue that X% of is of revenue transient or XX% total parking X.X% with about about
average of across many size office square feet. with is well industries base customer Our an customer approximately XX,XXX diversified
exposure leading is expected heading out. and to which crisis coming is at technology a generally is industry largest to into a almost growth leader XX% this be Our sector
X.X% users exposure providers and is retailers X.X% office flexible more and like Our of economically-sensitive to rent annualized respectively. only
Additionally, office share. at XXX,XXX we in medical annualized have feet and at X% total of rent that Atlanta represent buildings share square two
perform Some resources. much are have medical anchored generally these seen by of the but properties temporary assets customers some smaller these deeper practices with to large procedures in disruption, hospital elective
group. Our are an top annualized one-third XX office customers which nearly of represent impressive our rent
a For General one, is XX customer. top Administration Services the
according public are Of to investment-grade the are remaining a and major company S&P a Moody's. are XX currently or XX subsidiary XX, or of public
firm which We in law McGuirewoods Law XX have is top XX customer Am our a well-regarded one firm. list
of our base. industry, and energy customer to into want I dive state utilities the deeper energy Given the
While X.X%. this perspective be from to segment rent only X.X% this our represents we annualized view of a practical
Together Austin. details. the USA Ovintiv for are three formerly fewer three energy than Houston; Energy in the in for our approximately our those Apache Of directly some sector. exposure. in wide largest Encana Of energy and customers Corporation Parsley margin operate a in XX Now, of XXX account these XX% portfolio-wide, by Dallas;
Ovintiv relative are are investment-grade peers and critical to S&P all this rated either are sophisticated well three weather positioned feel Apache currently to and and current capitalized well we mass are by highly environment. have Moody's or
dynamic square by Parsley exposure feet Another leased companies. of non-energy Energy at that critical of Colorado giveback Tower true XX% at Legacy Ovintiv are view to in this long sub-leased XXX,XXX the X.X%. we why of The only Dallas industry energy note XX,XXX non-energy before pandemic, pending sub-leases One be its to feet is and our Ovintiv Union square
expire of to namely only is X.X% to rent of contractual portfolio like to first of through durability our revenue, of of quarter would was XXXX. balance the only touch the during XX.X% rent expire scheduled also and our on scheduled XXXX I end the the as
by to reassured explorations years team expiration are and the signed renewals. our in schedule coming converting this always cumulative laser-focused is We lower on as
pleased surprisingly rent. paid paid; report of paid; I'll flexible would customers at note I now our medical office our office retailers turn April today also April overall providers charges. energy Most XX% customers our though, some April have customers and XX rent. at paid I'm of and paid customer paid paid. our are of XX% customers of at rent lagging, XX% that XX% of our April as stand collections. rent Not to top segments that our XX% to rent specifically our office XX% customers importantly April XXX%
of do These We rent our of customers hard-working great reflect the encouraging these operating completed not team. numbers application relief impact any deposits. any and numbers or amendments attribute security to-date to
in the could months full April, comes potentially this of more crisis than view. as the With that into impact collections health economic challenging be said, coming
relief rent well to spanned We have have as as been variety not types a immune industries requests, customer sizes. and which of
of We our a of have from received flexible proportion majority our population and traditional requests office customers. the retailer lower office and much provider from
working began far. and successful relief customers so has proactively nearly we of effort on, rent Early and with on intentionally all our been retail that
very being based scrutinizing fits This we existing our on the risk size side, financial credit one office On of and situation lease determination each selective our and customer's we not requests, approach and on request crafting entertaining its appropriately need, based all each and are merits. game terms. a is approaching are
near-term three, rights or Outcomes two, either, lease of removal a will a from term; medium-term for bridge these. exchange combination abatement options; range payback; of of or any an four, extension customer one, a of in
Colin said, compelling select the our by sense value proactively current opportunities As likely long-term renewing also customers provide to is is create environment early. to
near-term and so, rent doing renewal-related may by However, operating further impact abatement we pull forward cash income.
and with visitor prudent level cleaning Throughout property to this Finally, of discuss properties security, open, have our protocols. our all pandemic, I like access, remained adjustments would operations. to our
level, team the each operations demands and while priorities to distancing reflect staffing the guidelines performed adjusting highest day Our of keeping to the meet at daily safe. all has
we this have the time maintenance And in physical consumption will to our Throughout to in customers. a disruption other seized perform minimal reduce occupancy. and our opportunity have have to preventive crisis, it given energy with on we sought occupancy critical low low when addition,
time we prior more We for be there being, using reasonably know we than the operating expense potential should less full favorable While still are quantify to in tax property we savings the the years. for too expect energy environment unknowns many year. the are and feel
anticipated operational return occupancy full intently team operations our finalizing the to plan comprehensive focused Our for been also in buildings. on a has
And or service. building finally, evolve, properties or for a how reduce conditions we how impacting charted may our without course on economic have leasing, the depending expenditures delay of we capital customer our quality
across off I have and risen team Gregg, to poise, great responded want They Cousins hand great unwavering teammates and how have company to to competence, I occasion and ingenuity pandemic. the way each Before our more customers service providing the proud focus on entire of to say demonstrated the to am the and this an to our and than support I other.
our closer, resilient I'm pandemic stronger, inspired and Gregg? will with invaluable that from fact emerge more by perspective. the this team
