HIGHWOODS REALTY LTD PARTNERSHIP Form 10-Q — Oct 27, 2026
Highwoods Realty Limited Partnership filed its Q3 2026 10-Q reporting rental and other revenues of $218.2 million, up 8.1% year over year, with Q3 diluted EPS of $0.29 versus $0.12 in Q3 2025. Nine-month revenues rose 7.6% to $648.6 million, driven by acquisitions in Raleigh, Charlotte and Dallas plus completed Raleigh developments. Operating fundamentals improved: office occupancy rose to 87.0% from 85.3% at year-end 2025, and second-generation GAAP rents on Q3 leases came in 28.8% above expiring rents. Same-property NOI grew 4.9% in the quarter.
Key figures
- Eps
- 0.29
- Revenue
- 648596000
- Guidance
- Average office occupancy expected to range from 87.0% to 88.0% for the remainder of 2026; up to $400M of new development and up to $85M of acquisitions anticipated during remainder of 2026
- Net Income
- 34078000
- Total Debt
- 3511810000
- Revenue Yoy
- 7.6% (nine months); Q3 rental and other revenues +8.1% YoY to $218.2M
- Total Assets
- 6447215000
- Cash Position
- 279205000
- Shares Outstanding
- 110315322
- Atm program
- $300.0M equity distribution agreements
- Leverage ratio
- 42.2%
- Occupancy dec 2025
- 85.3%
- Occupancy sep 2026
- 87.0%
- Gaap rent spread q3
- +28.8% on second generation leases
- Q3 2025 diluted eps
- 0.12
- Q3 2026 diluted eps
- 0.29
- March 2027 maturities
- $285.9M unsecured notes
- Revolver availability
- 749900000
- Forward sale agreements
- 1,056,085 shares at $32.24 weighted average gross price ($34.1M gross)
- Same property noi growth q3
- 4.9% ($6.0M)
- Share repurchase authorization
- $250.0M
AI analysis
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