Highwoods Properties (HIW) Investor presentation summary

Strategic positioning and portfolio overview

• Operates 26.4M square feet with 89.6% leased as of June 2026, primarily in Sunbelt markets generating over 95% of NOI.

• Portfolio concentrated in top 20 ULI markets, with significant exposure in Dallas, Charlotte, Raleigh, and Nashville.

• Average property built in 2007 (value-weighted), with a weighted average lease term (WALT) of 5.7 years.

• Maintains strong industry and customer diversification, with top 10 customers accounting for 19.2% of annualized GAAP revenue.

Leasing, rent growth, and operational performance

• Achieved 15% year-over-year rent growth on second-generation leases, with rents 35% above the trough and at their highest since the GFC.

• Maintains occupancy 600 basis points above the US average, with only one lease expiration over 100K SF through 2027.

• Embedded NOI growth potential from recently completed and low-occupied in-service developments, with $41M upside identified.

Investment activity and capital allocation

• Completed $793M in acquisitions ($581M at share) and $600M in dispositions (at share) in 2025-2026, focusing on portfolio quality and BBD exposure.

• Recent developments total $230M investment (HIW share), 642K SF, 95% leased; additional $474M investment in progress.

• Non-office land sales provided $43.9M in capital, with significant acreage retained for future use.