Yong H Koo's questions to Highwoods Properties Inc (HIW) leadership • Q2 2025
Question
Yong H Koo from Wells Fargo asked for clarification on the 'other income' line item for the remainder of the year and into 2026, and questioned if the lower year-end occupancy target affects the same-store NOI outlook.
Answer
CFO Brendan Maiorana advised that 'other income' should normalize to around $1 million per quarter going forward, as the large Q2 payment was a one-time event. He also clarified that the lower year-end occupancy target does not materially impact the full-year same-store NOI outlook, as it's a result of timing shifts that don't affect the average occupancy for the year.