HIGHWOODS PROPERTIES, INC.
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 28, 2025
HIW$31.47-0.8%Stored close · as of Nov 6, 2026
Contents
HIGHWOODS PROPERTIES, INC.: Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024
Consolidated Balance Sheets
(Unaudited and in thousands, except share and per share data)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets: | ||
| Real estate assets, at cost: | ||
| Land | $594,825 | $570,286 |
| Buildings and tenant improvements | 6,017,574 | 5,826,603 |
| Development in-process | 3,657 | — |
| Land held for development | 214,467 | 221,048 |
| 6,830,523 | 6,617,937 | |
| Less-accumulated depreciation | (1,883,882) | (1,796,586) |
| Net real estate assets | 4,946,641 | 4,821,351 |
| Real estate and other assets, net, held for sale | 10,490 | 55,409 |
| Cash and cash equivalents | 26,262 | 22,412 |
| Restricted cash | 15,481 | 11,265 |
| Accounts receivable | 30,344 | 28,287 |
| Mortgages and notes receivable | 6,211 | 11,064 |
| Accrued straight-line rents receivable | 317,072 | 308,853 |
| Investments in and advances to unconsolidated affiliates | 497,002 | 485,726 |
| Deferred leasing costs, net of accumulated amortization of $165,547 and $170,312, respectively | 225,307 | 209,967 |
| Prepaid expenses and other assets, net of accumulated depreciation of $23,897 and $20,626, respectively | 64,683 | 75,021 |
| Total Assets | $6,139,493 | $6,029,355 |
| Liabilities, Noncontrolling Interests in the Operating Partnership and Equity: | ||
| Mortgages and notes payable, net | $3,404,707 | $3,293,559 |
| Accounts payable, accrued expenses and other liabilities | 283,905 | 304,551 |
| Total Liabilities | 3,688,612 | 3,598,110 |
| Commitments and contingencies | ||
| Noncontrolling interests in the Operating Partnership | 65,042 | 65,791 |
| Equity: | ||
| Preferred Stock, $.01 par value, 50,000,000 authorized shares; | ||
| 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 26,691 and 28,811 shares issued and outstanding, respectively | 26,691 | 28,811 |
| Common Stock, $.01 par value, 200,000,000 authorized shares; | ||
| 109,553,557 and 107,623,777 shares issued and outstanding, respectively | 1,096 | 1,076 |
| Additional paid-in capital | 3,200,251 | 3,144,130 |
| Distributions in excess of net income available for common stockholders | (843,790) | (810,608) |
| Accumulated other comprehensive loss | (2,432) | (2,246) |
| Total Stockholders’ Equity | 2,381,816 | 2,361,163 |
| Noncontrolling interests in consolidated affiliates | 4,023 | 4,291 |
| Total Equity | 2,385,839 | 2,365,454 |
| Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity | $6,139,493 | $6,029,355 |
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