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HIGHWOODS PROPERTIES, INC.

For the period ended Dec 31, 2025. Filed Feb 10, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

See the whole filing, with its images and exhibits
Contents

Schedule III

NOTE TO SCHEDULE III

The following table sets forth the activity of real estate assets and accumulated depreciation:

December 31,
202520242023
Real estate assets:
Beginning balance$6,722,250$6,728,003$6,689,692
Acquisitions, development and improvements557,784210,024226,066
Cost of real estate sold, retired and deconsolidated(266,434)(215,777)(187,755)
Ending balance (a)$7,013,600$6,722,250$6,728,003
Accumulated depreciation:
Beginning balance$1,855,097$1,743,390$1,609,502
Depreciation expense255,137255,979253,151
Real estate sold, retired and deconsolidated(182,490)(144,272)(119,263)
Ending balance (b)$1,927,744$1,855,097$1,743,390

(a)Reconciliation of total real estate assets to balance sheet caption:

202520242023
Total per Schedule III$7,013,600$6,722,250$6,728,003
Development in-process exclusive of land included in Schedule III6,248—8,918
Real estate assets, net, held for sale(45,577)(104,313)—
Total real estate assets$6,974,271$6,617,937$6,736,921

(b)Reconciliation of total accumulated depreciation to balance sheet caption:

202520242023
Total per Schedule III$1,927,744$1,855,097$1,743,390
Real estate assets, net, held for sale(25,468)(58,511)—
Total accumulated depreciation$1,902,276$1,796,586$1,743,390

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2025

Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated
Description · PropertyType · 2025Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction
Atlanta, GA
1825 Century BoulevardOffice864—3,42219,5134,28619,51323,7998,29120025-40 yrs.
1875 Century BoulevardOffice—8,9243,0906,3543,09015,27818,3689,43119765-40 yrs.
1900 Century BoulevardOffice—4,74412,53634012,5365,08417,6205,08419715-40 yrs.
2200 Century ParkwayOffice—14,4324,4337,8264,43322,25826,69114,77119715-40 yrs.
2400 Century ParkwayOffice——4,58914,9814,58914,98119,5709,77019985-40 yrs.
2500 Century ParkwayOffice——3,91916,4543,91916,45420,3736,01420055-40 yrs.
2500/2635 Parking GarageOffice———6,447—6,4476,4473,27320055-40 yrs.
2600 Century ParkwayOffice—10,6793,0626,2963,06216,97520,03710,75019735-40 yrs.
2635 Century ParkwayOffice—21,6436,71421,8106,71443,45350,16727,85519805-40 yrs.
2800 Century ParkwayOffice—20,4497,28115,1077,28135,55642,83722,92019835-40 yrs.
Century Plaza IOffice1,2908,567—4,5111,29013,07814,3688,15819815-40 yrs.
Century Plaza IIOffice1,3807,733—4,4821,38012,21513,5957,23219845-40 yrs.
Riverwood 100Office5,78564,913(29)37,9025,756102,815108,57143,15419895-40 yrs.
Tradeport - LandOffice5,243—(4,733)—510—510—N/AN/A
Two Alliance CenterOffice9,579125,549—8,7319,579134,280143,85943,33420095-40 yrs.
One Alliance CenterOffice14,775123,071—27,69814,775150,769165,54452,20120015-40 yrs.
10 Glenlake NorthOffice5,34926,334—7,6465,34933,98039,32913,56520005-40 yrs.
10 Glenlake SouthOffice5,10322,811—14,3025,10337,11342,21611,24019995-40 yrs.
Riverwood 200Office4,77789,7084502,5225,22792,23097,45725,41420175-40 yrs.
Riverwood 300 - LandOffice400——7104007101,11015820175-40 yrs.
Monarch TowerOffice22,717143,068—28,11722,717171,185193,90253,68119975-40 yrs.
Monarch PlazaOffice27,67888,962—19,23327,678108,195135,87331,27519835-40 yrs.
Galleria 75 - LandOffice19,740—(3,983)1,13515,7571,13516,89234620225-40 yrs.
Charlotte, NC
Bank of America TowerOffice200,00029,273354,749—26,51329,273381,262410,53571,47820195-40 yrs.
One MorrocroftOffice(2)3,65528,357(198)5,4743,45733,83137,2885,18419925-40 yrs.
Two MorrocroftOffice(2)3,53028,804(190)1,5923,34030,39633,7364,75619985-40 yrs.
Three MorrocroftOffice(2)3,56630,505(192)1353,37430,64034,0144,09820005-40 yrs.
Capitol Towers NorthOffice(3)8,64296,254—4648,64296,718105,36013,19020175-40 yrs.
Capitol Towers SouthOffice(3)9,09595,458—1,1669,09596,624105,71913,16720155-40 yrs.
Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated
Description · PropertyType · 2025Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction · Life on Which Depreciation is Calculated
1426 S. Tryon - LandOffice26,702—(1,280)—25,422—25,422—N/AN/A
SIX50 at Legacy UnionOffice16,504166,305—5,08116,504171,386187,89019,71520205-40 yrs.
Four MorrocroftOffice(2)8378,993—98379,0029,83953620245-40 yrs.
720 Parking GarageOffice——24,17882,24824,17882,248106,42674920195-40 yrs.
6HUNDREDOffice——20,011152,92120,011152,921172,93254020255-40 yrs.
Nashville, TN
3322 West EndOffice3,02527,490—12,8893,02540,37943,40424,95419865-40 yrs.
3401 West EndOffice5,86222,917—5,5115,86228,42834,29019,34819825-40 yrs.
5310 Maryland WayOffice1,8637,201—3,1931,86310,39412,2576,67819945-40 yrs.
Cool Springs I & II DeckOffice———3,990—3,9903,9901,81920075-40 yrs.
Cool Springs III & IV DeckOffice———4,637—4,6374,6372,10320075-40 yrs.
Cool Springs IOffice1,583—1519,1351,59819,13520,73311,12419995-40 yrs.
Cool Springs IIOffice1,824—34625,8872,17025,88728,05715,30219995-40 yrs.
Cool Springs IIIOffice1,631—80424,4202,43524,42026,8559,81420065-40 yrs.
Cool Springs IVOffice1,715——29,3681,71529,36831,08310,93020085-40 yrs.
Cool Springs VOffice3,688—29564,1983,98364,19868,18121,11520075-40 yrs.
Harpeth TwoOffice1,4195,677—10,2301,41915,90717,3267,30019845-40 yrs.
Harpeth ThreeOffice1,6606,649—9,9861,66016,63518,2958,26819875-40 yrs.
Harpeth FourOffice1,7136,842—11,3401,71318,18219,8958,97819895-40 yrs.
Harpeth FiveOffice662—19710,98985910,98911,8484,41819985-40 yrs.
Hickory TraceOffice1,164—1646,6651,3286,6657,9933,62020015-40 yrs.
Highwoods Plaza IOffice1,552—3079,2731,8599,27311,1325,83119965-40 yrs.
Highwoods Plaza IIOffice1,448—3079,0411,7559,04110,7965,17919975-40 yrs.
Seven Springs IOffice2,076—59214,8172,66814,81717,4857,95820025-40 yrs.
SouthPointeOffice1,655—31010,0251,96510,02511,9906,13119985-40 yrs.
Westwood SouthOffice2,106—3829,4602,4889,46011,9486,11719995-40 yrs.
100 Winners CircleOffice1,4977,258—8,7881,49716,04617,5438,10119875-40 yrs.
Symphony PlaceOffice83,730—141,469—2,566—144,035144,03542,36520105-40 yrs.
Seven Springs EastOffice2,52537,587—5402,52538,12740,65214,59720135-40 yrs.
The Shops at Seven SpringsOffice8038,223—(923)8037,3008,1032,50420135-40 yrs.
Seven Springs WestOffice2,43951,306—3,7232,43955,02957,46815,20120165-40 yrs.
Seven Springs IIOffice2,35630,048—3,4352,35633,48335,83910,31120175-40 yrs.
Bridgestone TowerOffice19,223169,582—52519,223170,107189,33040,96920175-40 yrs.
Virginia Springs IIOffice4,82126,448—3,3244,82129,77234,5935,67520205-40 yrs.
MARS CampusOffice7,01087,474—1497,01087,62394,63321,93220195-40 yrs.
Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated
Description · PropertyType · 2025Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction · Life on Which Depreciation is Calculated
Virginia Springs IOffice4,53425,632—3084,53425,94030,4746,70720185-40 yrs.
1100 Broadway - LandOffice29,845—(259)—29,586—29,586—N/AN/A
AsurionOffice33,219230,569—2,77833,219233,347266,56632,18220215-40 yrs.
Ovation - LandOffice89,231—237—89,468—89,468—N/AN/A
Broadway Stem - LandOffice6,218—(1,335)5264,8835265,4095720215-40 yrs.
YMCA Site - LandOffice16,121—(28)—16,093—16,093—N/AN/A
Orlando, FL
1800 Eller DriveOffice—9,851—1,889—11,74011,7408,85019835-40 yrs.
201 South OrangeOffice3,89329,541—18,1603,89347,70151,59416,61819825-40 yrs.
Capital Plaza TwoOffice4,34643,394—16,0444,34659,43863,78420,21619995-40 yrs.
Capital Plaza OneOffice3,48227,321—12,5243,48239,84543,32713,57619755-40 yrs.
Landmark Center TwoOffice4,74322,031—12,7694,74334,80039,54313,64119855-40 yrs.
Landmark Center OneOffice6,20722,655—13,8286,20736,48342,69015,63019835-40 yrs.
Bank of America PlazaOffice3,49056,079—11,7923,49067,87171,36120,85720005-40 yrs.
Eola CentreOffice5,78511,160—15,7555,78526,91532,7009,56319695-40 yrs.
Pittsburgh, PA
One PPG PlaceOffice9,819107,643—61,9289,819169,571179,39071,9941983-19855-40 yrs.
Two PPG PlaceOffice2,30210,978—14,9322,30225,91028,21210,2511983-19855-40 yrs.
Three PPG PlaceOffice5012,923—5,1975018,1208,6214,3021983-19855-40 yrs.
Four PPG PlaceOffice6203,239—3,3896206,6287,2483,4821983-19855-40 yrs.
Five PPG PlaceOffice8034,924—3,0648037,9888,7913,5761983-19855-40 yrs.
Six PPG PlaceOffice3,35325,602—18,0473,35343,64947,00218,9931983-19855-40 yrs.
625 LibertyOffice16,45783,812(11,000)(35,141)5,45748,67154,12832,16319875-40 yrs.
Raleigh, NC
3600 Glenwood AvenueOffice—10,994—3,873—14,86714,86710,04319865-40 yrs.
3737 Glenwood AvenueOffice——31818,92831818,92819,24611,06219995-40 yrs.
801 Raleigh Corporate CenterOffice828—27213,4191,10013,41914,5197,67620025-40 yrs.
2000 CentreGreenOffice1,529—(391)13,9341,13813,93415,0728,04120005-40 yrs.
4000 CentreGreenOffice1,653—(389)13,0891,26413,08914,3537,34920015-40 yrs.
5000 CentreGreenOffice1,29134,572—1,3131,29135,88537,17611,86320175-40 yrs.
3000 CentreGreenOffice1,779—(397)17,3981,38217,39818,7806,94220025-40 yrs.
1000 CentreGreenOffice1,280—5513,2741,33513,27414,6095,26920085-40 yrs.
GlenLake OneOffice924—1,32424,9842,24824,98427,23213,89220025-40 yrs.
GlenLake FourOffice1,659—49321,4092,15221,40923,56110,09120065-40 yrs.
GlenLake SixOffice941—(365)24,98557624,98525,56110,25820085-40 yrs.
Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated
Description · PropertyType · 2025Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction · Life on Which Depreciation is Calculated
701 Corporate CenterOffice1,304—54021,9321,84421,93223,77612,61819965-40 yrs.
Lakeside Parcel 2 - LandOffice657—381036951037982720155-40 yrs.
751 Corporate CenterOffice2,66516,939—(818)2,66516,12118,7864,57620185-40 yrs.
PNC PlazaOffice1,206——66,1561,20666,15667,36230,41920085-40 yrs.
4700 Six Forks RoadOffice6662,665—1,6916664,3565,0222,83019825-40 yrs.
4700 Homewood CourtOffice1,0864,533—1,6331,0866,1667,2524,24619835-40 yrs.
4800 Six Forks RoadOffice8624,411—2,0238626,4347,2964,69619875-40 yrs.
4601 Creekstone DriveOffice255—2176,9764726,9767,4484,00119975-40 yrs.
Weston - LandOffice22,771—(19,523)—3,248—3,248—N/AN/A
4625 Creekstone DriveOffice458—2687,9857267,9858,7114,59719955-40 yrs.
11000 Weston ParkwayOffice2,65118,850—18,2392,65137,08939,74014,51319985-40 yrs.
GlenLake FiveOffice2,26330,264—(1,710)2,26328,55430,8177,91320145-40 yrs.
11800 Weston ParkwayOffice82613,188—11282613,30014,1265,39420145-40 yrs.
CentreGreen CaféOffice413,509—15413,5243,56597520145-40 yrs.
CentreGreen Fitness CenterOffice272,322—14272,3362,36364620145-40 yrs.
One City PlazaOffice11,28868,375—23,77711,28892,152103,44034,03019865-40 yrs.
Charter SquareOffice7,26765,881—6,1047,26771,98579,25218,49520155-40 yrs.
MetLife Global Technology CampusOffice21,580149,889—1,01321,580150,902172,48243,02920155-40 yrs.
GlenLake SevenOffice1,66237,332—(24)1,66237,30838,9706,66920205-40 yrs.
Hargett - LandOffice9,248—(1,124)—8,124—8,124—N/AN/A
Forum 1Office1,27827,809—6091,27828,41829,6964,54419855-40 yrs.
Forum 2Office1,32718,088—(561)1,32717,52718,8542,59719885-40 yrs.
Forum 3Office99423,931—1,59199425,52226,5165,86319955-40 yrs.
Forum 4Office2,11843,889—9522,11844,84146,9598,41220005-40 yrs.
Forum 5Office1,55226,263—(466)1,55225,79727,3493,78020075-40 yrs.
Captrust TowerOffice83,7489,670124,530—4,6079,670129,137138,80716,42020105-40 yrs.
150 FayettevilleOffice104,6817,677130,049—45,3477,677175,396183,07322,64819915-40 yrs.
GlenLake IIIOffice3,98165,6602912,9134,01078,57382,5834,96620235-40 yrs.
2205 Evans Road - LandOffice2,676———2,676—2,676—N/AN/A
Advance Auto Parts TowerOffice——4,764115,0154,764115,015119,7793,75920215-40 yrs.
Other PropertyOther29,23549,949(10,925)24,99018,31074,93993,24944,172N/A5-40 yrs.
Richmond, VA
4900 Cox RoadOffice1,3245,311153,5761,3398,88710,2265,21819915-40 yrs.
Colonnade BuildingOffice1,3646,105—3,9511,36410,05611,4205,04820035-40 yrs.
Initial Costs · Costs Capitalized Subsequent to Acquisition · Gross Value at Close of Period · Life on Which Depreciation is Calculated
Description · PropertyType · 2025Encumbrance · Land · Bldg &Improv · Land · Bldg & Improv · Land · Bldg & Improv · Total Assets (1) · Accumulated Depreciation · Date of Construction · Life on Which Depreciation is Calculated
Highwoods CommonsOffice521—4585,2399795,2396,2182,93019995-40 yrs.
Highwoods OneOffice1,688—2217,4281,71017,42819,1389,31419965-40 yrs.
Highwoods TwoOffice786—22610,2931,01210,29311,3055,68619975-40 yrs.
Highwoods FiveOffice783—118,8217948,8219,6155,77919985-40 yrs.
Highwoods PlazaOffice909—1876,8781,0966,8787,9743,72320005-40 yrs.
Innslake CenterOffice845—1257,6969707,6968,6664,97120015-40 yrs.
4101 Cox RoadOffice1,2054,825—4,3201,2059,14510,3504,88019905-40 yrs.
North ParkOffice2,1638,65963,3112,16911,97014,1397,98519895-40 yrs.
North Shore Commons IOffice951—13714,7721,08814,77215,8607,56720025-40 yrs.
North Shore Commons IIOffice2,067—(89)12,7671,97812,76714,7455,49720075-40 yrs.
North End - LandOffice1,497—55101,552101,562420205-40 yrs.
One Shockoe PlazaOffice——35622,27135622,27122,62714,77219965-40 yrs.
Lake Brook CommonsOffice1,6008,864(179)4261,4219,29010,7114,79419965-40 yrs.
Highwoods ThreeOffice1,918—35814,4552,27614,45516,7316,30020055-40 yrs.
4480 Cox RoadOffice1,3016,036153,4811,3169,51710,8335,37019965-40 yrs.
Innsbrook CentreOffice9148,249—1,1659149,41410,3284,95119875-40 yrs.
Tampa, FL
Meridian ThreeOffice2,67316,470—13,1352,67329,60532,27810,49319895-40 yrs.
Bayshore PlaceOffice2,27611,817—4,2532,27616,07018,3469,85019905-40 yrs.
Highwoods Bay Center IOffice3,565—(64)38,3343,50138,33441,83517,77820075-40 yrs.
HorizonOffice—6,257—4,777—11,03411,0346,80819805-40 yrs.
LakesideOffice—7,369—7,373—14,74214,74210,51419785-40 yrs.
Lakeside/Parkside GarageOffice———5,826—5,8265,8263,69920045-40 yrs.
One Harbour PlaceOffice2,01625,252—16,1672,01641,41943,43524,05019855-40 yrs.
ParksideOffice—9,407—3,463—12,87012,8708,29519795-40 yrs.
PavilionOffice—16,394—4,624—21,01821,01814,35719825-40 yrs.
Pavilion Parking GarageOffice———5,930—5,9305,9303,83719995-40 yrs.
Tower PlaceOffice3,21819,898—11,3693,21831,26734,48518,16119885-40 yrs.
Meridian OneOffice1,84922,363—6,9441,84929,30731,15610,70719845-40 yrs.
Meridian TwoOffice1,30219,588—8,7701,30228,35829,6609,78019865-40 yrs.
AvionOffice——6,31044,1786,31044,17850,48812,86620165-40 yrs.
Truist PlaceOffice1,980102,138—33,2411,980135,379137,35942,14519925-40 yrs.
Truist Place - LandOffice2,225———2,225—2,225—N/AN/A
Midtown WestOffice44,53016,54334,818(218)9,81316,32544,63160,9567,66420215-40 yrs.
$769,431$4,258,249$57,349$1,928,571$826,780$6,186,820$7,013,600$1,927,744

(1)The cost basis for income tax purposes of aggregate land and buildings and tenant improvements as of December 31, 2025 is $6.7 billion.

(2)These assets are pledged as collateral for a $68.7 million first mortgage loan.

(3)These assets are pledged as collateral for a $118.0 million first mortgage loan.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on February 10, 2026.

Highwoods Properties, Inc.
By:/s/ Theodore J. Klinck
Theodore J. Klinck
President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacity and on the dates indicated.

SignatureTitleDate
/s/ Carlos E. EvansChairman of the Board of DirectorsFebruary 10, 2026
Carlos E. Evans
/s/ Theodore J. KlinckPresident, Chief Executive Officer and DirectorFebruary 10, 2026
Theodore J. Klinck
/s/ Charles A. AndersonDirectorFebruary 10, 2026
Charles A. Anderson
/s/ David L. GadisDirectorFebruary 10, 2026
David L. Gadis
/s/ David J. HartzellDirectorFebruary 10, 2026
David J. Hartzell
/s/ Anne H. LloydDirectorFebruary 10, 2026
Anne H. Lloyd
/s/ Candice W. ToddDirectorFebruary 10, 2026
Candice W. Todd
/s/ Brendan C. MaioranaExecutive Vice President and Chief Financial OfficerFebruary 10, 2026
Brendan C. Maiorana
/s/ Daniel L. ClemmensSenior Vice President and Chief Accounting OfficerFebruary 10, 2026
Daniel L. Clemmens

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on February 10, 2026.

Highwoods Realty Limited Partnership
By:Highwoods Properties, Inc., its sole general partner
By:/s/ Theodore J. Klinck
Theodore J. Klinck
President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacity and on the dates indicated.

SignatureTitleDate
/s/ Carlos E. EvansChairman of the Board of Directors of the General PartnerFebruary 10, 2026
Carlos E. Evans
/s/ Theodore J. KlinckPresident, Chief Executive Officer and Director of the General PartnerFebruary 10, 2026
Theodore J. Klinck
/s/ Charles A. AndersonDirector of the General PartnerFebruary 10, 2026
Charles A. Anderson
/s/ David L. GadisDirector of the General PartnerFebruary 10, 2026
David L. Gadis
/s/ David J. HartzellDirector of the General PartnerFebruary 10, 2026
David J. Hartzell
/s/ Anne H. LloydDirector of the General PartnerFebruary 10, 2026
Anne H. Lloyd
/s/ Candice W. ToddDirector of the General PartnerFebruary 10, 2026
Candice W. Todd
/s/ Brendan C. MaioranaExecutive Vice President and Chief Financial Officer of the General PartnerFebruary 10, 2026
Brendan C. Maiorana
/s/ Daniel L. ClemmensSenior Vice President and Chief Accounting Officer of the General PartnerFebruary 10, 2026
Daniel L. Clemmens
ContentsView on SEC.gov

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