Highwoods Properties, Inc. (HIW)

In November 2025, Highwoods closed the acquisition of 6Hundred at Legacy Union and priced $350 million of notes due in 2033. In late October 2025, Highwoods announced its third-quarter results, reporting FFO per share of 86 cents, meeting analyst estimates, though quarterly revenue missed consensus estimates and fell 1.2% year-over-year. Highwoods also revised its 2025 FFO per share guidance to a range of $3.41-$3.45. Morgan Stanley issued an "Underweight" rating on HIW, while Wolfe Research issued an "Outperform" rating. Highwoods declared quarterly dividends in October and July 2025. In August 2025, Highwoods acquired the Legacy Union Parking Garage and recast a term loan. Earlier in June 2025, Highwoods provided a leasing update, reporting a second-quarter leasing surge of 750,000 square feet of second-generation leases, including 300,000 square feet of new deals.

Demand for office properties generally experiences higher demand during the spring and summer months, leading to higher rental prices and faster leasing times. Demand tends to slow in the fall but remains steady, with a further slowdown in the winter. Highwoods Properties operates in Sun Belt markets, which have seen strong population growth rates from inward migration, a factor that can influence demand for office space. The company's strategy focuses on high-quality office assets within designated Best Business Districts (BBDs) to navigate evolving office space demand.

Highwoods Properties, Inc. is a publicly traded REIT specializing in the ownership, development, acquisition, leasing, and management of high-quality office properties, operating primarily within the commercial real estate sector, specifically focusing on office REITs. Highwoods' major products and services include Class A office spaces, mixed-use developments, build-to-suit projects, and the redevelopment of existing properties. The company aims to create environments and experiences that inspire its customers and their teams.

Highwoods Properties concentrates its portfolio in the Best Business Districts (BBDs) of dynamic Sun Belt markets across the United States, including Atlanta, Charlotte, Dallas, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.

Highwoods Properties emphasizes its commitment to being a purpose-led organization, making positive contributions to society, and advancing its ESG initiatives. The company strives to create resilient, healthy, and adaptable workplaces, aiming to minimize environmental impacts through sustainable building design and operations. Highwoods also focuses on providing a safe and healthy work environment for its employees and managing the company in an ethical and transparent manner.

The ownership of Highwoods Properties, Inc. is predominantly held by large institutional investors, with approximately 93.89% of the company's stock owned by institutional investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Cohen & Steers, Inc., State Street Corp, and Massachusetts Financial Services Co /ma/.