RALEIGH, N.C., April  22, 2026  (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that the Company&#39;s Board of Directors has authorized the repurchase of up to $250 million of outstanding shares of

Highwoods Announces $250M Common Stock Repurchase Program

Highwoods Properties Approves $250 Million Share Repurchase Program

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  <section data-block="information">
    <h3>Information</h3>
    <p>RALEIGH, N.C., April  22, 2026  (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that the Company&amp;#39;s Board of Directors has authorized the repurchase of up to $250 million of outstanding shares of</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Highwoods Properties has authorized a $250 million share repurchase program funded by asset sales. This strategic move could bolster share price and investor confidence, depending on market execution.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>HIW announces a $250 million stock repurchase program.</li><li>Repurchases will be funded using proceeds from non-core asset sales.</li><li>Program has no expiration date and can be suspended at any time.</li><li>HIW is a REIT focusing on major business districts across the southeast.</li><li>Forward-looking statements mention various operational risks.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Highwoods Properties (HIW)</strong>: Significant strategic move with potential impact on stock price.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits the &#039;Corporate Developments&#039; category as it outlines a strategic share buyback initiative. Such actions are crucial for enhancing shareholder value and can significantly affect market perception and stock performance.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The announcement of the buyback could drive up HIW&#039;s stock price.</li><li>Utilizing proceeds from non-core asset sales suggests improved liquidity and strategy.</li><li>Lack of expiration creates flexibility in share buyback timing, enhancing investor confidence.</li><li>Failure to effectively execute buybacks could negatively impact confidence.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>HIW&#039;s board approved a $250 million stock repurchase program.</li><li>Repurchases funded from non-core assets sales, on a leverage-neutral basis.</li><li>The buyback program does not have an expiration date.</li><li>Highwoods operates primarily in major business districts of the southeast U.S.</li><li>The Company faces various operational risks as per the latest disclosures.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy HIW shares in anticipation of price appreciation from the buyback program over the next 6-12 months.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">RALEIGH, N.C., April  22, 2026  (GLOBE NEWSWIRE) -- <strong>Highwoods Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HIW">HIW</a>)</strong> today announced that the Company's Board of Directors has authorized the repurchase of up to $250 million of outstanding shares of common stock under a new stock repurchase program. The Company anticipates funding any stock repurchases on a leverage-neutral basis using the net proceeds from the sale of non-core assets.</p>  <p align="justify">The Company may purchase shares of common stock from time to time in amounts and at prices determined by the Company in its discretion. Shares of common stock may be repurchased in the open market or in privately negotiated transactions (which may include block trades). The common stock repurchase program does not have an expiration date, does not obligate the Company to repurchase any dollar amount or number of shares and may be suspended, modified or discontinued at any time without prior notice.</p>  <p align="justify"><strong>About Highwoods<br></br></strong>Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HIW">HIW</a>), fully-integrated office real estate investment trust ("REIT") that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at <a href="https://www.globenewswire.com/Tracker?data=9OWh5VTOQQzYvPA81VuOhqSFuYEwFdwtmAd2fJQoCkmQoHLRwiWm7kr9rDbyfFxhhbg0srNdJ-F_p1rOGyYQ8J8byTp7Qdc79XxmqcUhjBY=" rel="nofollow" target="_blank">www.highwoods.com.</a></p>  <p align="justify"><strong>Forward-Looking Statements<br></br></strong>Some of the information in this press release may contain forward-looking statements. Such statements include, in particular, statements about the common stock repurchase program and our plans, strategies and prospects such as the following: the expected financial and operational results and the related assumptions underlying our expected results; the planned sales of non-core assets and expected pricing and impact with respect to such sales, including the tax impact of such sales; the anticipated total investment, projected leasing activity, estimated replacement cost and expected net operating income of acquired properties and properties to be developed; and expected future leverage of the Company. You can identify forward-looking statements by our use of forward-looking terminology such as "may," "will," "expect," "anticipate," "estimate," "continue" or other similar words. Although we believe that our plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that our plans, intentions or expectations will be achieved.</p>  <p align="justify">Factors that could cause our actual results to differ materially from Highwoods' current expectations include, among others, the following: the financial condition of our customers could deteriorate; our assumptions regarding potential losses related to customer financial difficulties could prove incorrect; counterparties under our debt instruments, particularly our revolving credit facility, may attempt to avoid their obligations thereunder, which, if successful, would reduce our available liquidity; we may not be able to lease or re-lease second generation space, defined as previously occupied space that becomes available for lease, quickly or on as favorable terms as old leases; we may not be able to lease newly constructed buildings as quickly or on as favorable terms as originally anticipated; we may not be able to complete development, acquisition, reinvestment, disposition or joint venture projects as quickly or on as favorable terms as anticipated; development activity in our existing markets could result in an excessive supply relative to customer demand; our markets may suffer declines in economic and/or office employment growth; increases in interest rates could increase our debt service costs; increases in operating expenses could negatively impact our operating results; natural disasters and climate change could have an adverse impact on our cash flow and operating results; we may not be able to meet our liquidity requirements or obtain capital on favorable terms to fund our working capital needs and growth initiatives or repay or refinance outstanding debt upon maturity; and the Company could lose key executive officers.</p>  <p align="justify">This list of risks and uncertainties, however, is not intended to be exhaustive. You should also review the other cautionary statements we make in "Risk Factors" set forth in our 2025 Annual Report on Form 10-K. Given these uncertainties, you should not place undue reliance on forward-looking statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements to reflect any future events or circumstances or to reflect the occurrence of unanticipated events.</p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:10%; width:10%; min-width:10%;;text-align: left ;  vertical-align: middle; vertical-align: top ; "><strong>Contact:</strong></td><td style="max-width:90%; width:90%; min-width:90%;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">Brendan Maiorana<br></br>Executive Vice President and Chief Financial Officer<br></br>brendan.maiorana@highwoods.com<br></br>919-872-4924</td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; "> </td><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; "> </td></tr></table> <p align="justify"><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5NTI5MyM3NTUwODg2IzIwMDg0MDc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZGZiYzVkMGMtN2VlZC00NjJkLThmMTYtMjM3MjEwMDUxZGYyLTEwMTk5ODAtMjAyNi0wNC0yMi1lbg==/tiny/Highwoods-Properties-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/f95a88f6-4179-4f43-8bc5-2bec9bd68393"><img src="https://ml.globenewswire.com/media/f95a88f6-4179-4f43-8bc5-2bec9bd68393/small/tm-colortrees-solid-black-no-properties-png.png" border="0" width="150" height="25" alt="Primary Logo"></img></a></p>

Highwoods Properties has authorized a $250 million share repurchase program funded by asset sales. This strategic move could bolster share price and investor confidence, depending on market execution.

Highwoods Announces $250M Common Stock Repurchase Program

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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