The earnings call reflects a positive sentiment driven by strong leasing activity, financial performance improvements, and significant NOI growth potential. These positives are somewhat offset by challenges such as flat occupancy rates and high leasing CapEx. Despite these issues, the company maintains a robust balance sheet and promising development pipeline, indicating a well-positioned outlook for future growth.

Company Guidance

During the Highwoods Properties Q2 2025 earnings call, the company provided guidance emphasizing robust leasing activity and significant NOI growth potential. Highwoods reported FFO of $0.89 per share for the quarter, with a year-end 2025 FFO outlook range of $3.37 to $3.45 per share, representing a $0.02 increase at the midpoint. Leasing volumes reached 923,000 square feet, including 371,000 square feet of new leases, raising their leased rate to 88.9%. The company highlighted $25 million of annual NOI upside from stabilizing its four core assets, with 50% of this potential already secured through signed leases. Development properties, including GlenLake III and Granite Park Six, offer over $10 million in NOI growth potential, with $6 million in signed leases yet to commence. Highwoods has positioned itself for meaningful growth, driven by strong leasing performance and a strategic focus on rotating into higher-growth, capital-efficient assets.

Strong Leasing Activity

Highwoods Properties achieved 923,000 square feet of second-gen leasing in Q2 2025, with 371,000 square feet being new leases, indicating potential future occupancy gains.

Financial Performance and FFO Increase

The company delivered FFO of $0.89 per share for the quarter, and raised the mid-point of the 2025 FFO outlook by $0.02 to a range of $3.37 to $3.45 per share, reflecting nearly a 2% increase.

NOI Growth Potential

Highwoods highlighted over $55 million of annual NOI growth potential in eight properties, with over 60% of this upside already secured with signed leases.

Resilient Balance Sheet

The company's debt-to-adjusted EBITDAre ratio was 6.3x at quarter-end, with over $700 million of available liquidity, and limited near-term debt maturities.

Development Pipeline Progress

Highwoods continues to advance its development pipeline, including projects like 23Springs in Dallas and Midtown East in Tampa, which are expected to drive future NOI growth.

Highwoods Properties (HIW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HIW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.15 / -	0.14	―	―	―
Jul 29, 2025	2025 (Q2)	0.17 / 0.17	0.59	-71.19% (-0.42)	―
Apr 29, 2025	2025 (Q1)	0.17 / 0.91	0.25	264.00% (+0.66)
Feb 11, 2025	2024 (Q4)	0.11 / -0.03	0.36	-108.33% (-0.39)
Oct 22, 2024	2024 (Q3)	0.21 / 0.14	0.21	-33.33% (-0.07)
Jul 23, 2024	2024 (Q2)	0.27 / 0.59	0.4	47.50% (+0.19)	―
Apr 23, 2024	2024 (Q1)	0.19 / 0.25	0.42	-40.48% (-0.17)	―
Feb 06, 2024	2023 (Q4)	0.27 / 0.36	0.26	38.46% (+0.10)	―
Oct 24, 2023	2023 (Q3)	0.21 / 0.21	0.36	-41.67% (-0.15)	―
Jul 25, 2023	2023 (Q2)	0.29 / 0.40	0.48	-16.67% (-0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HIW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$29.73	$28.53	-4.04%
Apr 29, 2025	$26.81	$27.50	+2.57%
Feb 11, 2025	$27.61	$27.07	-1.96%
Oct 22, 2024	$33.29	$33.44	+0.45%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Highwoods Properties (HIW) report earnings?

Highwoods Properties (HIW) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Highwoods Properties (HIW) earnings time?

Highwoods Properties (HIW) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HIW EPS forecast?

HIW EPS forecast for the fiscal quarter 2025 (Q3) is 0.15.

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