HIGHWOODS PROPERTIES, INC.
For the period ended Dec 31, 2025. Filed Feb 10, 2026.
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FY2025 · Filed Feb 10, 2026
HIW$31.46-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Financial Statements: Consolidated Balance Sheets as of December 31, 2025 and 2024
Consolidated Balance Sheets
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets: | ||
| Real estate assets, at cost: | ||
| Land | $609,177 | $570,286 |
| Buildings and tenant improvements | 6,144,697 | 5,826,603 |
| Development in-process | 6,248 | — |
| Land held for development | 214,149 | 221,048 |
| 6,974,271 | 6,617,937 | |
| Less-accumulated depreciation | (1,902,276) | (1,796,586) |
| Net real estate assets | 5,071,995 | 4,821,351 |
| Real estate and other assets, net, held for sale | 23,201 | 55,409 |
| Cash and cash equivalents | 27,358 | 22,412 |
| Restricted cash | 15,691 | 11,265 |
| Accounts receivable | 28,263 | 28,287 |
| Mortgages and notes receivable | 12,228 | 11,064 |
| Accrued straight-line rents receivable | 318,024 | 308,853 |
| Investments in and advances to unconsolidated affiliates | 471,580 | 485,726 |
| Deferred leasing costs, net of accumulated amortization of $169,972 and $170,312, respectively | 244,258 | 209,967 |
| Prepaid expenses and other assets, net of accumulated depreciation of $25,144 and $20,626, respectively | 61,240 | 75,021 |
| Total Assets | $6,273,838 | $6,029,355 |
| Liabilities, Noncontrolling Interests in the Operating Partnership and Equity: | ||
| Mortgages and notes payable, net | $3,554,178 | $3,293,559 |
| Accounts payable, accrued expenses and other liabilities | 284,006 | 304,551 |
| Total Liabilities | 3,838,184 | 3,598,110 |
| Commitments and contingencies | ||
| Noncontrolling interests in the Operating Partnership | 52,777 | 65,791 |
| Equity: | ||
| Preferred Stock, $0.01 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, $0.01 par value, 200,000,000 authorized shares; | ||
| 109,905,241 and 107,623,777 shares issued and outstanding, respectively | 1,099 | 1,076 |
| Additional paid-in capital | 3,223,767 | 3,144,130 |
| Distributions in excess of net income available for common stockholders | (870,083) | (810,608) |
| Accumulated other comprehensive loss | (2,494) | (2,246) |
| Total Stockholders’ Equity | 2,378,980 | 2,361,163 |
| Noncontrolling interests in consolidated affiliates | 3,897 | 4,291 |
| Total Equity | 2,382,877 | 2,365,454 |
| Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity | $6,273,838 | $6,029,355 |
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