Highwoods raised its 2026 FFO outlook to $3.46-$3.70 per share, midpoint $3.58, up $0.04; 2Q FFO was $0.90.
Excluding land sale gains, the midpoint outlook increased $0.01, despite $0.04 per share dilution from higher dispositions held in cash.
Year-end occupancy is projected at 86.5%-88.5% following a 70-basis-point sequential rise in 2Q; further gains are expected in 2H.
23Springs is projected to stabilize in 2Q 2027, accelerated by nine months; remaining capital needed is $28 million.
Disposition expectations increased to at least $100 million, potentially $300 million, by year-end; new development announcements are expected at $100-$400 million.
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