Highwoods Properties Inc. released its annual report for the fiscal year ending 31 December 2025. The company reported a significant increase in diluted earnings per common share, which was USD 0.51 higher compared to the previous year, primarily due to an increase in net income. Gains on disposition of property rose by USD 60.3 million during the period, driven mainly by building sales in Atlanta, Richmond, Tampa, and Raleigh, as well as land sales in Orlando and Raleigh. In 2025, Highwoods recognized a loss of USD 4.7 million from the sale of its 50.0% interest in the Highwoods-Markel Associates joint venture to Markel Corporation. Equity in earnings of unconsolidated affiliates declined by USD 1.8 million, impacted by higher net losses from the 23Springs and Granite Park Six joint ventures. These ventures own newly constructed buildings completed in early 2025 and late 2023 respectively, which have yet to reach stabilization. The decrease in earnings from these affiliates was partially offset by lower interest expense from the McKinney & Olive joint venture, following the payoff of a mortgage loan in the third quarter of 2024. The company’s presentation of Funds from Operations (FFO) remains consistent with the definition established by the National Association of Real Estate Investment Trusts (NAREIT).

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