Highwoods Properties demonstrated robust performance in Q3 2025, achieving significant leasing activity and increasing FFO guidance for the third consecutive quarter, underscoring the strength of its operational and investment strategies.

• FFO increased to $0.86 per share, with a raised midpoint by $0.08 in the 2025 outlook, reflecting ongoing operational strength.
• Leasing momentum continued with over 1 million square feet signed, pushing the leased rate up 340 basis points above occupancy and capturing significant NOI upside.
• The development pipeline's lease percentage rose to 72%, with 122,000 square feet of leases signed, positioning the company for future NOI growth in 2026 and 2027.
• Acquired a strategic asset (Legacy Union parking garage) for $111.5 million, enhancing portfolio quality while maintaining a flexible balance sheet with extended debt maturities.
• Outlook for $500 million in potential acquisitions and dispositions indicates ongoing asset recycling efforts aimed at strengthening the portfolio.