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Highwoods (HIW) Q2 2025 Earnings Call Transcript


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Highwoods Properties (NYSE:HIW) demonstrated resilient operational performance in Q2 2025, highlighted by robust leasing activity and a higher leased rate, while average occupancy was unchanged due to proactive recapture of tenant space for long-term repositioning. Management secured a substantial portion of future NOI growth through signed leases across both operating and development properties, which are expected to commence over the next several quarters and materially lift financial results by late 2026. The balance sheet remained strong, with only one upcoming debt maturity and ample liquidity to support future capital deployment and asset recycling initiatives not yet included in current guidance.

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