HIW · 10-Q · 2026Q1 · Full report
Gains on Disposition Change
HIGHWOODS PROPERTIES, INC. · 2026-04-28 · Importance 76 · Surprise 82
Gains on disposition of property were $65.3 million lower in Q1 2026 compared to Q1 2025. The Company recorded gains in 2026 related to building dispositions in Richmond totaling $17.0 million from three buildings sold for $42.3 million. In contrast, the 2025 period included larger gains related to building dispositions in Tampa that drove the year-over-year variance. Management highlighted that proceeds and timing from dispositions materially affect reported gains and cash from investing activities.
Key facts
- Gains on disposition of property were $65.3 million lower in the first quarter of 2026 compared to 2025.
- The 2026 gains on disposition related to building dispositions in Richmond.
- The 2025 gains on disposition related to building dispositions in Tampa.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -30.5% | Gains on disposition of property were $65.3 million lower in the first quarter of 2026 compared to 2025. |
| net_income | negative | realized | -30.5% | Gains on disposition of property were $65.3 million lower in the first quarter of 2026 compared to 2025. |