HIGHWOODS PROPERTIES (HIW) Company Report

Highwoods Properties, Inc. (HIW) has agreed to acquire 6Hundred at Legacy Union, a Class AA office tower in Charlotte's Uptown CBD, for a total expected investment of $223 million.
The 411,000 square foot property, delivered in 2025, is currently 84% leased and is projected to generate approximately $10 million in GAAP net operating income during 2026.
Upon stabilization, projected for 2027 on a GAAP basis and 2028 on a cash basis, the property is estimated to generate annual net operating income of approximately $17.5 million to $18.5 million.
The acquisition will be funded on a leverage-neutral basis over the next six months using proceeds from non-core asset sales, with $37 million already sold since October 1, 2025.

Nov 17, 2025, 9:30 PM

Highwoods Realty Limited Partnership Issues $350 Million in 5.350% Notes Due 2033

HIW

Debt Issuance

Highwoods Realty Limited Partnership, the operating partnership of Highwoods Properties, Inc., completed a public offering of $350,000,000 aggregate principal amount of notes on November 14, 2025.
The notes, designated as 5.350% Notes due January 15, 2033, will bear interest at an annual rate of 5.350%.
Interest will accrue from November 14, 2025, and be paid semi-annually on January 15 and July 15, commencing July 15, 2026.
The notes are redeemable at the Issuer's option; prior to November 15, 2032, the redemption price is the greater of a present value calculation (Treasury Rate plus 25 basis points) or 100% of the principal amount, plus accrued interest.

Nov 14, 2025, 9:07 PM

Highwoods Realty Limited Partnership Announces $350 Million Notes Offering

HIW

Debt Issuance

Highwoods Realty Limited Partnership and Highwoods Properties, Inc. entered into an underwriting agreement on November 4, 2025, for a public offering of $350 million aggregate principal amount of notes.
The notes are 5.350% Notes due January 15, 2033, with a yield to maturity of 5.431% and a public offering price of 99.508% of the principal amount.
The closing of the offering is expected to occur on November 14, 2025.

Nov 5, 2025, 1:52 PM

Highwoods Prices $350 Million Notes Offering

HIW

Debt Issuance

New Projects/Investments

Highwoods Realty Limited Partnership priced a $350 million offering of 5.350% unsecured notes due January 15, 2033, yielding 5.431%.
The offering is expected to close on November 14, 2025.
The net proceeds are intended to repay outstanding debt, including amounts under its $750 million unsecured revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes.

Nov 4, 2025, 9:15 PM

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

HIW

Earnings

Guidance Update

New Projects/Investments

Highwoods Properties reported Q3 2025 FFO of $0.86 per share and net income of $0.12 per share.
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.
Highwoods ended Q3 2025 with 85.3% occupied and 88.7% leased , expecting 70 basis points of occupancy growth by year-end 2025 and a further 100 to 200 basis points increase by year-end 2026.
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.

Oct 29, 2025, 3:00 PM

Highwoods Properties Reports Q3 2025 FFO and Raises 2025 Outlook

HIW

Earnings

Guidance Update

M&A

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. The midpoint of the same-property cash NOI outlook was also raised by 50 bps.
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. 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.
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. 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.
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.

Oct 29, 2025, 3:00 PM

Highwoods Properties Reports Q3 2025 Results and Raises 2025 Outlook

HIW

Earnings

Guidance Update

New Projects/Investments

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.
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.
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.
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.
The balance sheet is in strong shape with $625 million of available liquidity and no consolidated debt maturities until 2027.