Highwoods Properties, Inc. (HIW) Earnings Call Transcripts
Highwoods Properties, Inc.'s Latest Earnings Call - Q1 FY2026
Highwoods Properties reported strong performance for Q1 2026, with FFO of $0.84 per share and net income of $31.3 million. The company maintained its FFO guidance for the full year at $3.40 to $3.68 per share. Leasing activity was robust, with a 50 basis point increase in the lease rate for in-service properties and an 800 basis point increase for developments. Management highlighted significant leasing gains and a strong pipeline, signaling potential for future NOI growth. The company also announced plans to sell $200 million in noncore assets and may repurchase up to $250 million of its shares.
Reported metrics
| Metric | Value |
|---|---|
| FFO | $0.84 per share (inline) |
| Net Income | $31.3 million (inline) |
| Leased Rate | 89.7% (positive) |
| GAAP Rent Growth | 19.4% (positive) |
| Cash Rent Growth | 4.8% (positive) |
Guidance from management
Highwoods maintained its FFO guidance for 2026 at $3.40 to $3.68 per share, expecting FFO to increase in the second half of the year.
What management said
I'd say the short answer is no, at least not yet. If you think about since last year, call it, since early '25 through the disposition we had in January, we sold about $270 million roughly right at an 8% cap rate, which sort of matched up with our acquisitions. So we've got a lot of assets out in the market. I think we've said we're going to try and get $190 million to $210 million done by midyear. We're on track to ...
I just want to be clear, it's -- we wouldn't go out and buy land to land bank. I think it would only be subject to a build-to-suit that's there. So I don't want anybody to get the impression that the land inventory is going to go up. It's more likely to go down from here.
What analysts pressed on
Analysts questioned the impact of AI on office demand and the company's capital allocation priorities, particularly regarding potential new developments versus share repurchases. Concerns were also raised about the retention rate for 2026 expirations.
Main topics on the call
- Leasing Activity — Highwoods signed 958,000 square feet of second-gen leases and 107,000 square feet of first-gen leases. GAAP rent growth was 19.4%, and cash rent growth was 4.8%. Management noted, 'Leasing volume was strong across our in...
- Development Progress — The company placed in service over $200 million of development properties, with notable projects in Dallas and Raleigh. GlenLake III is 94% leased, and Granite Park VI is 80% leased. 'We have strong prospects to bring ou...
- Dispositions and Capital Allocation — Highwoods sold $42 million of noncore properties in Richmond and plans to sell an additional $200 million by mid-year. The company is considering using proceeds for share repurchases. 'We may also use noncore disposition...
- Market Dynamics — Management highlighted strong demand for high-quality office space in their markets, with limited new supply. 'The flight to quality has become an all-out sprint to quality,' noted Brian Leary.
Read the full Highwoods Properties, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Highwoods Properties, Inc.
Highwoods Properties, Inc. (HIW) is a publicly listed company in the Office REITs industry, within the Real Estate sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 34 calls on record spanning February 5, 2020 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 34 Highwoods Properties, Inc. earnings call transcripts on record, spanning February 5, 2020 to July 29, 2026. Based on this history, Highwoods Properties, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- HIW
- Exchange
- NYSE
- Country
- US
- Sector
- Real Estate
- Industry
- Office REITs
- Calls on record
- 34
- First call
- February 5, 2020
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly