HIGHWOODS PROPERTIES, INC.

Highwoods Properties, Inc. has successfully recast a $150 million unsecured bank term loan, extending its maturity from May 2027 to June 2031, with options for further extensions. The interest rate for this loan is now SOFR plus 90 basis points. Additionally, the company updated interest rates for its $200 million term loan and $750 million unsecured revolving credit facility, with potential adjustments tied to sustainability performance.

Highwoods Properties, Inc. announced the sale of Bridgestone Tower, a 513,000 square foot office tower in CBD Nashville, for $255 million. The property is fully leased and is expected to generate about $17 million in annual cash and GAAP net operating income in 2026. The company anticipates recording a non-FFO gain of approximately $75 million in the second quarter of 2026 from this transaction.

Highwoods Properties, Inc. announced the publication of its 2025 Corporate Resiliency Report. The report underscores the company's ongoing dedication to owning and operating a resilient, high-quality office portfolio designed to perform well across all economic cycles. The full report is accessible through the investors section of the company's website.

Highwoods Properties, Inc. announced the release of its first quarter 2026 financial results. The company directed investors to its website for access to the full earnings release. Highwoods is a publicly-traded office REIT operating primarily in major business districts across several U.S. cities.

Highwoods Properties, Inc. reported Q1 2026 net income of $33.4 million, a significant decrease from $100.0 million in Q1 2025, primarily due to lower gains on property dispositions. Basic EPS also fell to $0.29 from $0.91 year-over-year. Despite this, rental and other revenues increased by 6.8% to $214.0 million, and net cash provided by operating activities rose by 35.7% to $62.8 million. The company also significantly increased investments in acquired real estate.

Highwoods Properties, Inc. announced a new stock repurchase program, authorizing the buyback of up to $250 million of its outstanding common stock. The company anticipates funding these repurchases on a leverage-neutral basis, using net proceeds from the sale of non-core assets. The program does not have an expiration date and allows for repurchases in the open market or privately negotiated transactions.