Highwoods delivered solid Q4 2025 results with positive net income, strong FFO generation and robust second-generation leasing activity, alongside meaningful GAAP rent growth.

Highwoods delivered strong operational performance in Q2 2025, achieving robust leasing activity and maintaining resilient cash flows. Although same property cash NOI declined, rent growth and lease signings supported an improved outlook.

Highwoods Properties, Inc. reported a net income of $100 million for the first quarter of 2025, a substantial increase from $27.213 million in the same period last year. This was primarily driven by significant gains on disposition of property, totaling $82.215 million. However, total rental and other revenues decreased to $200.383 million from $211.275 million in Q1 2024.

Highwoods Properties reported a net loss of $3.7 million ($0.03 per share) for Q4 2024, while funds from operations (FFO) were $92.2 million ($0.85 per share). The company signed 1.3M SF of second-generation leases, including 370,000 SF of new leases. Occupancy stood at 87.1%, with an in-service leased rate of 89.9%. The company also sold $166M in non-core properties and maintained liquidity exceeding $900M.