Highwoods Properties, Inc. (HIW) SEC Filings & Earnings Calls
EquiReason read 9 Highwoods Properties, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-07-28 — Q2 2026 earnings: revenue +7.9% YoY, NOI +6.8% YoY, FFO per share +1.1% YoY, occupancy up 40bps QoQ, with positive leasing spreads..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 3.4B
- P/E TTM
- 20.1
- Dividend yield
- 6.5%
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
28 Jul 202610-QQ2 2026 earnings: revenue +7.9% YoY, NOI +6.8% YoY, FFO per share +1.1% YoY, occupancy up 40bps QoQ, with positive leasing spreads.earningsopen
Figures in the filing · each found in the filing text
| Occupancy · office · Q2-2026 | 85.7% | |
| GAAP Rents per Rentable Square Foot (New and Renewal) · office · Q2-2026 | $40.97 | +21% y/y |
| FFO Available for Common Stockholders · Q2-2026 | $101M | +3% y/y |
| FFO per Share · Q2-2026 | $0.90 | +1% y/y |
| Net Income · Q2-2026 | $97M | +403% y/y |
| Rental and Other Revenues · Q2-2026 | $16M | +8% y/y |
Guidance
Average occupancy expected 86.0% to 87.0% for remainder of 2026; NOI expected higher for remainder of 2026 vs 2025
Management expects occupancy to improve modestly, NOI to be higher, and plans significant development and acquisition activity.
Risks flagged
Work-from-home structural risk
“The continued social acceptance, desirability and perceived economic benefits of work-from-home arrangements could materially and negatively impact the future demand for office space over the long-term” · word for word
Interest rate exposure
“Interest expense was $4.0 million, or 10.7%, higher in the second quarter of 2026 as compared to 2025 primarily due to higher average debt balances and lower capitalized interest.” · word for word
4 Jun 20268-K · 1.01, 2.03Highwoods Properties modified its $150M unsecured term loan, extending maturity from May 2027 to June 2029, with SOFR+90bps pricing and sustainability-linked adjustments.open
Risks flagged
No material risks identified.
28 Apr 202610-QRental and Other Revenues $214M (+7% y/y); Net Income $33M (-67% y/y); FFO Available for Common Stockholders $94M (+2% y/y); Guidance: Occupancy guidance 85.5%-86.5% for remainder of 2026open
Figures in the filing · each found in the filing text
| Rental and Other Revenues · Q1-2026 | $214M | +7% y/y |
| Net Income · Q1-2026 | $33M | -67% y/y |
| FFO Available for Common Stockholders · Q1-2026 | $94M | +3% y/y |
| FFO per Share · Q1-2026 | $0.84 | +1% y/y |
| Net Operating Income (NOI) · Q1-2026 | $143M | +6% y/y |
| Same Property NOI · Q1-2026 | $135M | -0% y/y |
| Occupancy · 2026-03-31 | 85.0% | |
| Leasing Spread (GAAP) · Q1-2026 | 19.4% | |
| Operating Cash Flow · Q1-2026 | $63M | +36% y/y |
Guidance
Occupancy guidance 85.5%-86.5% for remainder of 2026
Management expects occupancy of 85.5%-86.5% and higher NOI for remainder of 2026. New $250M stock repurchase program authorized. Active acquisition pipeline.
Risks flagged
Office Occupancy Decline
“Occupancy in our office portfolio decreased from 85.3% as of December 31, 2025 to 85.0% as of March 31, 2026.” · word for word
Same Property NOI Decline
“Consolidated same property NOI was $1.8 million, or 1.3%, lower in the first quarter of 2026 as compared to 2025.” · word for word
Interest Rate Exposure
“$525.0 million of our debt bears interest at floating rates.” · word for word
Customer Concentration
“Only Bank of America (4.2%) and Asurion (3.4%) accounted for more than 3% of our annualized GAAP revenues.” · word for word
27 Mar 2026DEF 14AProxy statement for 2026 annual meeting; no material event disclosed beyond routine governance matters.open
Figures in the filing · each found in the filing text
| Core FFO per Share · FY2025 | $3.40 | -5% y/y |
| Net Income · FY2025 | $163M | +56% y/y |
| FFO per Share · FY2025 | $3.45 | |
| Net Operating Income Growth · FY2025 | -1.0% | |
| Average Occupancy · FY2025 | 86.9% | |
| Total Stockholder Return · FY2025 | -9.6% |
11 Feb 20268-K · 8.01Aggregate Gross Sales Price $300Mopen
Figures in the filing · each found in the filing text
| Aggregate Gross Sales Price | $300M |
Risks flagged
Potential dilution from equity issuance and forward/warrant agreements.
“forward sale agreements... warrants to purchase shares”
Market conditions may affect ability to sell shares at favorable prices.
“at the market offerings” · word for word
10 Feb 202610-KOccupancy 85.3; Employees 315 (-9% y/y)open
Figures in the filing · each found in the filing text
| Occupancy · 2025-12-31 | 85.3% | |
| Employees · 2025-12-31 | 315 | -9% y/y |
Risks flagged
Work-from-home structural demand risk
“The continued social acceptance, desirability and perceived economic benefits of work-from-home arrangements could materially and negatively impact the future demand for office space over the long-term.” · word for word
Occupancy decline
“Occupancy in our office portfolio decreased from 87.1% as of December 31, 2024 to 85.3% as of December 31, 2025.” · word for word
Customer concentration
“As of December 31, 2025, only Bank of America (4.3%) and Asurion (3.5%) accounted for more than 3% of our annualized GAAP revenues.” · word for word
14 Nov 20258-K · 1.01, 2.03Aggregate Principal Amount of Notes $350Mopen
Figures in the filing · each found in the filing text
| Aggregate Principal Amount of Notes · Q4-2025 | $350M |
Risks flagged
Increased leverage from new debt issuance; interest expense will increase.
“$350M in new notes at 5.350% coupon.”
5 Nov 20258-K · 8.01Notes Offering Amount $350Mopen
Figures in the filing · each found in the filing text
| Notes Offering Amount · Q4-2025 | $350M |
Risks flagged
Increased leverage from new debt issuance; interest expense will increase.
“$350M notes offering at 5.350% interest rate.”
28 Oct 202510-QHighwoods Properties reported Q3 2025 with declining occupancy (85.3%), lower same property NOI (-2.7%), and an $8.8M impairment, though rental rates on new leases increased 18.3%.earningsopen
Figures in the filing · each found in the filing text
| Occupancy · office · 2025-09-30 | 85.3% | |
| Net income · Q3-2025 | $14M | |
| Operating cash flow · 9M-2025 | $260M | |
| FFO per share · Q3-2025 | $0.86 | -4% y/y |
Guidance
Average occupancy expected 85.0% to 86.0% for remainder of 2025
Management expects occupancy to remain in 85-86% range, implying continued soft demand.
Risks flagged
Work-from-home structural demand decline
“The continued social acceptance, desirability and perceived economic benefits of work-from-home arrangements could materially and negatively impact the future demand for office space over the long-term” · word for word
Occupancy decline
“Occupancy in our office portfolio decreased from 87.1% as of December 31, 2024 to 85.3% as of September 30, 2025.” · word for word
Asset impairment
“We recorded an impairment charge of $8.8 million in the third quarter of 2025 to lower the carrying amount of two non-core, out-of-service assets at Century Center in Atlanta to their estimated fair values.” · word for word
Highwoods Properties, Inc. — questions
- What did Highwoods Properties, Inc. file recently?
- 9 SEC filings in the last 12 months. Latest: 10-Q on 2026-07-28 — Q2 2026 earnings: revenue +7.9% YoY, NOI +6.8% YoY, FFO per share +1.1% YoY, occupancy up 40bps QoQ, with positive leasing spreads.
Every figure on this page comes from Highwoods Properties, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.