HIW · 10-Q · 2026Q1 · Full report

Capital Return Program

HIGHWOODS PROPERTIES, INC. · 2026-04-28 · Importance 64 · Surprise 42

During Q1 2026 the Company entered equity distribution agreements with multiple firms under which it may sell up to $300.0 million in aggregate gross proceeds of Common Stock from time to time, although no shares were issued under these agreements in the quarter. On April 22, 2026 the Board authorized a new stock repurchase program of up to $250.0 million, with anticipated funding from non-core asset sales, available cash and borrowings under the revolving credit facility. The repurchase program has no expiration date, may be executed via open market or privately negotiated transactions, and any repurchases are subject to market conditions, corporate and regulatory requirements and liquidity priorities. The Company states the Operating Partnership will repurchase an equal number of Common Units from the Company if shares are repurchased, and the program may be suspended, modified or discontinued at any time.

Key facts

• On April 22, 2026 the Company’s Board authorized repurchase of up to $250.0 million of outstanding shares of Common Stock under a new stock repurchase program.
• The Company anticipates funding any stock repurchases under the $250.0 million repurchase program with proceeds from non-core asset sales, available cash and borrowings under its revolving credit facility.

Impact estimates