HIW · 10-Q · 2026Q1 · Full report

Revenue Concentration Risk

HIGHWOODS PROPERTIES, INC. · 2026-04-28 · Importance 26 · Surprise 24

As of March 31, 2026 only two customers exceeded the Company’s internal 3% revenue review guideline: Bank of America at 4.2% and Asurion at 3.4% of annualized GAAP revenues. Management maintains an internal policy to periodically review customers that account for more than 3% of revenues with the Board of Directors. The Company reported a generally diverse customer base across its markets, reducing dependence on any single tenant. Monitoring these concentration metrics is part of Highwoods’ credit and leasing risk management process.