The earnings call reflects a generally positive outlook for Highwoods Properties, driven by strong leasing activity, an increase in their FFO outlook, and growth potential in their development pipeline. The company's focus on high-growth Sunbelt markets is paying off, with these regions showing strong economic performance and demand for office spaces. However, challenges such as flat occupancy levels and elevated leasing CapEx remain. Overall, the highlights significantly outweigh the lowlights, indicating a positive sentiment.

Company Guidance -

Q3 2025

During the Highwoods Properties Q2 2025 earnings call, the company provided updated guidance, highlighting several key metrics. The firm reported strong financial results, delivering Funds From Operations (FFO) of $0.89 per share for the quarter and increasing the midpoint of its 2025 FFO outlook by $0.02 to a range of $3.37 to $3.45 per share. This reflects a $0.06 increase at the midpoint since the beginning of the year. The company's occupancy rate was flat from Q1 at 85.6%, with a leased rate up 80 basis points to 88.9%. Highwoods has forecasted a potential $25 million annual Net Operating Income (NOI) upside from stabilizing four core assets, with 50% of this upside secured through signed leases. The firm also noted over $10 million of NOI growth potential at its GlenLake III and Granite Park Six development properties, with $6 million of this already signed. Moreover, new developments 23Springs and Midtown East have over $20 million of NOI growth potential, with 59% of this leased and strong prospects for an additional 15%. The company remains optimistic about future growth, driven by a combination of leasing activity, development pipeline stabilization, and strategic portfolio improvements.

Strong Financial Performance and Upbeat Outlook

Highwoods Properties delivered FFO of $0.89 per share in Q2 and raised the mid-point of their 2025 FFO outlook by $0.02, to a range of $3.37 to $3.45 per share. The company has increased its FFO outlook by $0.06 at the midpoint since the beginning of the year, indicating nearly 2% growth.

Robust Leasing Activity

The company signed 923,000 square feet of second-gen leasing in Q2, including 371,000 square feet of new leasing. They have strong prospects for additional leasing, indicating future occupancy gains.

Growth Potential in Development Pipeline

Highwoods has over $55 million of annual NOI growth potential across their core four operating properties and development projects. They have already secured over 60% of this potential with signed leases.

Sunbelt Strategy and Market Strength

The company's Sunbelt BBD strategy is proving successful, with markets like Nashville, Charlotte, and Dallas showing strong leasing activity and economic growth. These markets continue to attract business and talent, supporting future growth.

Positive Outlook for Occupancy and Rent Growth

Highwoods expects occupancy levels to improve by the end of 2025, driven by strong leasing activity and limited new office supply. This is expected to drive rent growth, particularly in high-barrier-to-entry markets.

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	$30.25	$29.03	-4.03%
Apr 29, 2025	$27.28	$27.98	+2.57%
Feb 11, 2025	$28.09	$27.54	-1.96%
Oct 22, 2024	$33.87	$34.02	+0.44%

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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