Logotype for Highwoods Properties Inc

Highwoods Properties (HIW) investor relations material

Highwoods Properties Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Highwoods Properties Inc
Q2 2025 earnings summary30 Jul, 2025

Executive summary

  • Achieved Q2 net income of $18.3M ($0.17/share) and FFO of $97.7M ($0.89/share), with robust second-generation leasing and a sequential 80 bps increase in leased rate.

  • Focused on upgrading portfolio quality by recycling non-core, CapEx-intensive assets into higher-growth, capital-efficient properties and maintaining a strong balance sheet.

  • Over 60% of $55M annual NOI upside secured via signed leases, with Sunbelt markets (Charlotte, Dallas, Nashville, Tampa) outperforming due to strong demographics and limited new supply.

  • Annualized GAAP rents for new and renewal leases in Q2 2025 were $33.63 per sq. ft., up 17.6% from prior leases.

  • Portfolio occupancy was 85.6% at quarter-end, with an in-service leased rate of 88.9%.

Financial highlights

  • Q2 2025 net income was $18.3M ($0.17/share), FFO was $97.7M ($0.89/share); six-month FFO was $189.4M ($1.72/share).

  • Rental and other revenues for Q2 2025 were $200.6M, down 2.0% year-over-year; six-month revenues were $401.0M, down 3.6%.

  • Leasing volumes remained elevated with 923,000 sq. ft. signed, including 371,000 sq. ft. of new leases.

  • Same property cash NOI declined 2.4% year-over-year; average in-place cash rents increased 1.4% per sq. ft.

  • Q2 included $3M from a Florida DOT payment, $1M in term fees, and a $1M write-off of predevelopment costs.

Outlook and guidance

  • 2025 FFO guidance raised to $3.37–$3.45/share, up $0.02 at midpoint; assumes same property cash NOI growth of -4.0% to -2.0% and average occupancy of 85.0%–86.5%.

  • Year-end 2025 occupancy expected at low end of 86–87% range due to early lease terminations and timing of new lease commencements.

  • Embedded growth drivers and signed but not commenced leases provide strong visibility for earnings and occupancy growth into 2026.

  • Outlook excludes potential future acquisitions, dispositions, and development announcements.

  • Expect lower rental and other revenues, NOI, and same property NOI for the remainder of 2025 due to lower anticipated occupancy and property dispositions.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Highwoods Properties earnings date

Logotype for Highwoods Properties Inc
Q3 202529 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Highwoods Properties earnings date

Logotype for Highwoods Properties Inc
Q3 202529 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Highwoods Properties Inc is a real estate investment trust (REIT) that owns, develops, and operates office properties. The company focuses on urban and suburban office buildings located in business districts across the Southeastern and Mid-Atlantic United States. Its portfolio includes high-performance workspaces leased to a diverse mix of tenants. The company is headquartered in Raleigh, North Carolina, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage