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Highwoods Properties(HIW) - 2025 Q1 - Earnings Call Presentation

Portfolio & Market Highlights - The company has a portfolio of 267 million square feet as of March 31, 2025 [10] - The portfolio is 881% leased as of March 31, 2025 [10] - Over 95% of the portfolio's NOI is in the Sunbelt region [10] - More than 90% of NOI is in the top 20 ULI markets [12] Financial Performance & Outlook - The company's 2025 FFO per share outlook ranges from $331 to $347 [149] - Same property cash NOI growth is projected to be between -40% and -20% [149] - Completed dispositions are expected to be $145 million [149] - Completed acquisitions are expected to be $138 million [149] Investment Strategy - The company has completed $138 million in acquisitions in 2025 [115] - The company has completed $145 million in non-core dispositions in 2025 [119] - The company's development pipeline includes 14 million square feet [10]