Dylan Burzinski

Ronald Kamdem

Blaine Heck

Nicholas Thillman

Nick Thillman

Omotayo Okusanya

Peter Abramowitz

Robert Stevenson

Rob Stevenson

Seth Berge

Vikram Malhotra

Michael Griffin

Michael Lewis

Seth Bergey

William Catherwood

Yong H Koo

Young Ku

- Highwoods Properties reported **Q3 2025 FFO of $0.86 per share** and **net income of $0.12 per share**.  **[0000921082_2214585_5]** 
- The company raised its **2025 FFO outlook midpoint by $0.02 to $3.41-$3.45 per share** and its **same-property cash NOI outlook midpoint by 50 basis points**.  **[0000921082_2214585_2]** **[0000921082_2214585_5]** 
- Highwoods ended Q3 2025 with **85.3% occupied** and **88.7% leased**  **[0000921082_2214585_3]** , expecting **70 basis points of occupancy growth** by year-end 2025 and a further **100 to 200 basis points increase** by year-end 2026.  **[0000921082_2214585_5]** **[0000921082_2214585_9]** 
- The company plans for up to **$500 million** in asset recycling (acquisitions and dispositions) over the next few quarters, having already acquired two properties this year on a leverage-neutral basis.  **[0000921082_2214585_2]** **[0000921082_2214585_5]**

Highwoods Properties Reports Q3 2025 Results and Raises Full-Year Outlook

- Highwoods Properties reported **Q3 2025 FFO of $0.86 per share** and raised the midpoint of its 2025 FFO outlook for the third consecutive quarter, now projecting **$3.41 to $3.45 per share**, a **$0.02 increase** at the midpoint.  **[0000921082_2214443_1]** **[0000921082_2214443_2]** **[0000921082_2214443_5]**  The midpoint of the same-property cash NOI outlook was also raised by **50 bps**.  **[0000921082_2214443_2]** 
- The company achieved strong leasing volumes, signing over **1 million square feet** of second-gen volume and **122,000 square feet** in its development pipeline, leading to **85.3% occupied** and **88.7% leased** at quarter-end.  **[0000921082_2214443_1]** **[0000921082_2214443_3]**  This activity has locked in **over 70%** of the **$30 million** stabilized annual future NOI growth potential from completed but not yet stabilized developments and **over 50%** of the **$25 million** stabilized NOI upside in core four properties.  **[0000921082_2214443_1]** 
- Highwoods was active in asset recycling, acquiring the Legacy Union parking garage for **$111.5 million** and selling a non-core property for **$16 million**.  **[0000921082_2214443_1]**  The company anticipates potential for up to **$500 million** in both acquisitions and dispositions over the next few quarters, with disposition proceeds being the primary funding plan.  **[0000921082_2214443_2]** **[0000921082_2214443_6]** 
- The balance sheet remains strong with **$625 million** of available liquidity and no consolidated debt maturities until 2027, following the extension of a **$200 million** variable rate term loan.  **[0000921082_2214443_5]**

Highwoods Properties Reports Q3 2025 FFO and Raises 2025 Outlook

- Highwoods Properties reported **Q3 2025 FFO of $0.86 per share** and raised its 2025 FFO outlook midpoint by **$0.08** to a range of **$3.41 to $3.45 per share**, marking the third consecutive quarter of increased outlook.  **[0000921082_2211770_1]** **[0000921082_2211770_2]** **[0000921082_2211770_2]** **[0000921082_2211770_5]** 
- The company also raised its same-property cash NOI outlook midpoint by **50 basis points** and anticipates **70 basis points of occupancy growth** at the midpoint by year-end 2025.  **[0000921082_2211770_2]** **[0000921082_2211770_2]** **[0000921082_2211770_5]** 
- Leasing activity was robust, with over **1 million square feet of second-gen volume** signed, including **326,000 square feet of new leases**, and the development pipeline reached **72% leased**.  **[0000921082_2211770_1]** **[0000921082_2211770_3]** 
- Strategic investment activity included the acquisition of the Legacy Union parking garage for **$111.5 million** and the sale of a non-core property for **$16 million**, with plans for up to **$500 million in future asset recycling**.  **[0000921082_2211770_1]** **[0000921082_2211770_2]** **[0000921082_2211770_2]** **[0000921082_2211770_5]** 
- The balance sheet is in strong shape with **$625 million of available liquidity** and no consolidated debt maturities until **2027**.  **[0000921082_2211770_5]**

Highwoods Properties Reports Q3 2025 Results and Raises 2025 Outlook

HIGHWOODS PROPERTIES (HIW)