Highwoods' $223M move to acquire 6Hundred at Legacy Union boosts its Charlotte footprint and adds long-term cash-flow upside.
HIW's push into high-growth Sun Belt markets, fresh Charlotte acquisition and steady leasing momentum highlight its expansion story.
Highwoods Properties is a leading office REIT with a strong portfolio, resilient fundamentals, and a focus on high-quality business districts. HIW offers a ~6.76% dividend yield, supported by solid FCF and prudent payout management, despite industry headwinds from remote work and falling occupancy rates. The company benefits from a robust development pipeline, strategic asset recycling, and no major debt maturities until 2027, positioning it well for future growth.
Highwoods Properties, Inc. ( HIW ) Q3 2025 Earnings Call October 29, 2025 11:00 AM EDT Company Participants Brendan Maiorana - Executive VP & CFO Theodore Klinck - President, CEO & Director Brian Leary - Executive VP & COO Conference Call Participants Seth Bergey - Citigroup Inc., Research Division Blaine Heck - Wells Fargo Securities, LLC, Research Division Robert Stevenson - Janney Montgomery Scott LLC, Research Division Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Ronald Kamdem - Morgan Stanley, Research Division Presentation Operator Good morning, everyone, and thank you for joining today's Highwoods Properties Q3 2025 Earnings Call.
HIW posts solid leasing gains and rent growth in Q3, but lower occupancy and NOI weigh on results as the 2025 outlook edges higher.
While the top- and bottom-line numbers for Highwoods Properties (HIW) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.86 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.9 per share a year ago.
HIW boosts its portfolio by acquiring Legacy Union Parking Garage at 720 South Church Street in Uptown Charlotte.
Highwoods Properties' Sunbelt office focus faces headwinds as occupancy rates decline and core markets like Raleigh and Atlanta see rising vacancies. Despite a 7% dividend yield and strong near-term coverage, falling occupancy, FFO, and free cash flow raise concerns for long-term investors. Debt maturities are manageable through 2025, but refinancing risk grows in 2027-2028 amid higher rates and possible continued occupancy losses.
Highwoods Properties, Inc. (NYSE:HIW ) Q2 2025 Earnings Conference Call July 30, 2025 11:00 AM ET Company Participants u - Corporate Participant r - Corporate Participant e - Corporate Participant s - Corporate Participant L - Corporate Participant e - Corporate Participant s - Corporate Participant a - Corporate Participant a - Corporate Participant c - Corporate Participant R - Corporate Participant h - Corporate Participant e - Corporate Participant v - Corporate Participant Brendan C. Maiorana - Executive VP & CFO Brian M.
Although the revenue and EPS for Highwoods Properties (HIW) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.89 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to FFO of $0.98 per share a year ago.