Highwoods Properties Files 2024 10-K

TL;DR

Highwoods Properties filed its 2024 10-K. All systems go.

AI Summary

Highwoods Properties, Inc. filed its 2024 10-K on February 11, 2025, reporting on its fiscal year ending December 31, 2024. The company, a real estate investment trust, is headquartered in Raleigh, NC. The filing provides comprehensive financial and operational details for the reporting period.

Why It Matters

This filing provides investors with a detailed look at Highwoods Properties' financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks.

Key Numbers

• 2024 — Fiscal Year End (Reporting period for the 10-K)
• 1231 — Fiscal Year End Day (Specific end date of the fiscal year)
• 20250211 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• HIGHWOODS PROPERTIES, INC. (company) — Filer of the 10-K
• 20241231 (date) — Fiscal year end
• 20250211 (date) — Filing date
• RALEIGH, NC (location) — Company headquarters
• HIGHWOODS REALTY LTD PARTNERSHIP (company) — Related entity

FAQ

Key Financial Figures

• $61 million — nd employee benefits, was approximately $61 million. We regularly conduct risk assessment
• $15.00 — our full-time employees earns less than $15.00 per hour); Fairness: Reward positive
• $500 — us each year, which usually ranges from $500 to $2,000. Approximately 8% of our em
• $2,000 — year, which usually ranges from $500 to $2,000. Approximately 8% of our employees, i
• $1,000 — der the plan have generally ranged from $1,000 to $10,000 but could be higher under ce
• $10,000 b — an have generally ranged from $1,000 to $10,000 but could be higher under certain circums

Filing Documents

• hiw-20241231.htm (10-K) — 4205KB
• ex1016amendmentno1tothe202.htm (EX-10.16) — 8KB
• hiw12312024ex21.htm (EX-21) — 7KB
• hiw12312024ex231.htm (EX-23.1) — 3KB
• hiw12312024ex232.htm (EX-23.2) — 3KB
• hiw12312024ex311.htm (EX-31.1) — 9KB
• hiw12312024ex312.htm (EX-31.2) — 9KB
• hiw12312024ex313.htm (EX-31.3) — 10KB
• hiw12312024ex314.htm (EX-31.4) — 9KB
• hiw12312024ex321.htm (EX-32.1) — 4KB
• hiw12312024ex322.htm (EX-32.2) — 4KB
• hiw12312024ex323.htm (EX-32.3) — 4KB
• hiw12312024ex324.htm (EX-32.4) — 4KB
• hiw-20241231_g1.jpg (GRAPHIC) — 2KB
• hiw-20241231_g2.jpg (GRAPHIC) — 11KB
• hiw-20241231_g3.jpg (GRAPHIC) — 15KB
• hiw-20241231_g4.jpg (GRAPHIC) — 234KB
• 0000921082-25-000004.txt ( ) — 20151KB
• hiw-20241231.xsd (EX-101.SCH) — 126KB
• hiw-20241231_cal.xml (EX-101.CAL) — 134KB
• hiw-20241231_def.xml (EX-101.DEF) — 624KB
• hiw-20241231_lab.xml (EX-101.LAB) — 1267KB
• hiw-20241231_pre.xml (EX-101.PRE) — 819KB
• hiw-20241231_htm.xml (XML) — 3402KB

- Controls and Procedures;

Item 9A - Controls and Procedures;

- Certifications of CEO and CFO Pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act;

Item 15 - Certifications of CEO and CFO Pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act; Consolidated Financial Statements; and the following Notes to Consolidated Financial Statements: Note 10 - Equity; and Note 13 - Earnings Per Share and Per Unit. HIGHWOODS PROPERTIES, INC. HIGHWOODS REALTY LIMITED PARTNERSHIP TABLE OF CONTENTS Item No. Page PART I 1. BUSINESS 4 1A. RISK FACTORS 9 1B. UNRESOLVED STAFF COMMENTS 20 1C. CYBERSECURITY 20 2. PROPERTIES 22 3. LEGAL PROCEEDINGS 25 4. MINE SAFETY DISCLOSURES 25 X. INFORMATION ABOUT OUR EXECUTIVE OFFICERS 26 PART II 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 27 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 45 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 45 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 45 9A. CONTROLS AND PROCEDURES 46 9B. OTHER INFORMATION 49 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 49 PART III 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 50 11. EXECUTIVE COMPENSATION 50 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 50 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 50 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 50 PART IV 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 51 3 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS General Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded real estate investment trust ("REIT"). The Company is a fully integrated office 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 Common Stock is traded on the New York Stock Exchange ("NYSE") under the symbol "HIW." As of December 31, 2024, the Company owned all of the Preferred Units and 107.2 million, or 98.0%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.2 million Common Units. Generally, the Operating Partnership is obligated to redeem each Common Unit at the request of the unitholder for cash equal to the value of one share of Common Stock based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company, at its option, may elect to acquire any such Common Units presented for redemption for cash or one share of Common Stock. The Common Units owned by the Company are not redeemable. The Company was incorporated in Maryland in 1994. The Operating Partnership was formed in North Carolina in 1994. Our executive offices are located at 150 Fayetteville Street, Suite 1400, Raleigh, NC 27601, and our telephone number is (919) 872-4924. Our primary business is the operation, acquisition and development of office properties. There are no material inter-segment transactions. See Note 15 to our Consolidated Financial Statements for a summary of the rental and other revenues, rental property and other expenses, net operating income and assets for each reportable segment. Our website is www.highwoods.com. In addition to this Annual Report, all quarterly and current reports, proxy statements, interactive data and other information are made available, without charge, on our website as soon as rea

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View this 10-K filing on SEC EDGAR