HIW · 10-Q · 2026Q1 · Full report
Non-core Asset Dispositions
HIGHWOODS PROPERTIES, INC. · 2026-04-28 · Importance 64 · Surprise 42
The Company expects to sell up to $250.0 million of properties during the remainder of 2026 that are no longer considered core due to location, age, quality and/or strategic fit. Proceeds from such dispositions are expected to be used to support liquidity, fund repurchases and other strategic activities, although the Company explicitly states there is no assurance about whether, when or on what terms such sales will occur. In Q1 2026 the Company sold three buildings in Richmond for an aggregate sales price of $42.3 million and recorded aggregate gains of $17.0 million. The timing and realization of these dispositions are material to the Company’s investing cash flows and balance sheet planning for 2026.
Key facts
- During Q1 2026, the Company sold three buildings in Richmond for an aggregate sales price of $42.3 million and recorded aggregate gains on disposition of property of $17.0 million.
- A decrease of $4.2 million in rental and other revenues resulted from property dispositions in the first quarter of 2026 compared to 2025.
- Property dispositions decreased operating expenses by $1.4 million in the first quarter of 2026 compared to 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +7.9% | During Q1 2026, the Company sold three buildings in Richmond for an aggregate sales price of $42.3 million and recorded aggregate gains on… |
| cash | positive | realized | +0.6% | During Q1 2026, the Company sold three buildings in Richmond for an aggregate sales price of $42.3 million and recorded aggregate gains on… |
| assets | negative | realized | -0.4% | During Q1 2026, the Company sold three buildings in Richmond for an aggregate sales price of $42.3 million and recorded aggregate gains on… |