Highwoods Properties Reports Q3 2026 Earnings with Strong Rent Growth and Occupancy Gains
Highwoods Properties (HIW) reported third-quarter results highlighting significant rental growth and occupancy improvements across its Sun Belt office portfolio. The company achieved a 29% GAAP rent growth for the quarter, driven by high demand for premium office space in prime business districts. Portfolio occupancy rose to 87.5%, supported by strong leasing activity in key markets like Nashville and Charlotte. Management is actively executing a capital recycling strategy, disposing of $386 million in non-core assets year-to-date to reinvest in high-quality developments. While CFO Brendan Maiorana noted that near-term cash flow is currently below normalized levels due to upfront leasing capital expenditures, the company expects free cash flow to increase significantly as lease incentives expire and occupancy stabilizes.
Tickers: $HIW
Topics: Debt Management Dispositions FFO Occupancy Rates Real Estate Development Rent Growth