13 unchanged sentences
Our website is www.highwoods.com.
−Removed: 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 reasonably practicable after they are filed or furnished with the Securities and Exchange Commission (“SEC”).
+Added: In addition to this Annual Report, all quarterly and current reports, proxy statements and other information are made available, without charge, on our website as soon as reasonably practicable after they are filed or furnished with the Securities and Exchange Commission (“SEC”).
Information on our website is not considered part of this Annual Report.
22 unchanged sentences
Environmental Resiliency
−Removed: We are firmly committed to our intrinsic and societal responsibility to routinely minimize all environmental impacts resulting from the development and operation of our properties.
+Added: We are firmly committed to minimizing environmental impacts resulting from the development and operation of our properties.
Our plan is to continue minimizing our energy intensity, carbon emissions and water consumption and strive to mitigate pollution, ensure environmental compliance and create healthy and productive workspaces for our customers and communities.
10 unchanged sentences
We focus our real estate activities in markets where we have extensive local knowledge and own a significant amount of assets.
−Removed: As a result, we operate division offices in Atlanta, Nashville, Orlando, Raleigh, Richmond and Tampa, which are led by seasoned real estate professionals with significant commercial real estate experience managing across multiple economic cycles.
+Added: As a result, we operate division offices in Atlanta, Nashville, Orlando, Raleigh and Tampa, which are led by seasoned real estate professionals with significant commercial real estate experience managing across multiple economic cycles.
Over the long-term, we plan to open division offices in Charlotte and Dallas.
−Removed: Shared corporate services, such as
−Removed: accounting, technology, development, engineering, customer experience, marketing, human resources, legal and tax, are primarily based in Raleigh.
+Added: Shared corporate services, such as accounting, technology,
+Added: development, engineering, customer experience, marketing, human resources, legal and tax are primarily based in Raleigh.
Our senior leadership team, led by our CEO, is based in Raleigh and oversees all of the Company’s operations.
11 unchanged sentences
We believe this distinction, a core component of our value proposition, translates into improved customer experience and higher customer retention.
−Removed: As of both December 31, 2024 and December 31, 2023, we had approximately 350 full-time employees.
+Added: We had 315 full-time employees as of December 31, 2025, 32 fewer than we had as of December 31, 2024.
Over the past three years, our average annual turnover rate was 16%, substantially lower than the average national industry turnover rate of 22% as reported by the Bureau of Labor Statistics.
1 unchanged sentence
Through our efforts in providing internship and cooperative education opportunities for future real estate professionals, we have also identified a pool of talented professionals capable of filling future hiring needs.
−Removed: As of December 31, 2024, the average tenure of our employees was ten years and the average age was 49 years.
+Added: As of December 31, 2025, the average tenure of our employees was 10 years and the average age was 49 years.
Approximately 69% of our employees work in one of our division offices, most of which are directly involved in the management and maintenance of our portfolio.
11 unchanged sentences
Approximately 35% of our employees are highly specialized and skilled trade professionals, such as maintenance engineers and technicians and HVAC technicians.
−Removed: The average age of our trade professionals is 52 years, which is approximately five years older than the average age of the remainder of our employee
−Removed: To proactively combat the potential future shortage of skilled trade professionals, we have partnered with local trade schools in some of our markets to implement an apprenticeship program to encourage and incentivize younger workers to obtain the technical skills necessary to become a trade professional.
+Added: The average age of our trade professionals is 52 years, which is approximately five years older than the average age of the remainder of our employee base.
+Added: To proactively combat the potential future shortage of skilled trade professionals, we have partnered with local trade
+Added: schools in some of our markets to implement an apprenticeship program to encourage and incentivize younger workers to obtain the technical skills necessary to become a trade professional.
In turn, we hope this program will create a pipeline of future maintenance engineers and technicians and HVAC technicians to join our company.
56 unchanged sentences
We periodically solicit feedback from our employees through the use of employee engagement surveys to monitor and improve employee satisfaction in order to retain and recruit a talented workforce.
−Removed: During 2021, we surveyed all of our employees with respect to diversity and inclusion and many of our employees with respect to work environment satisfaction.
−Removed: We conducted an engagement survey in two of the last three years.
+Added: We generally conduct an engagement survey every two years.
Diversity and Inclusion.
4 unchanged sentences
Of the new employees hired during 2025, 46% were female and 46% were persons of color.
−Removed: We have a robust diversity and inclusion program, called the “Heart of Highwoods,” with the overall goal of creating opportunities for all people in the commercial real estate industry, in the local communities in which we operate and among our own teammates at the Company.
−Removed: First, like all Federal government contractors, we have established goals and methods to be sure we are providing opportunities to small and minority vendors to compete for work with our company.
−Removed: Second, we are providing opportunities for our employees to volunteer within their communities through the recently added paid volunteer time off benefit and an additional paid holiday on Martin Luther King, Jr.
+Added: We have a robust diversity and inclusion program, called the “Heart of Highwoods,” with the overall goal of creating opportunities for all people in the commercial real estate industry, in the local communities in which we operate and among our
+Added: own teammates at the Company.
+Added: First, we seek to provide opportunities to small and minority vendors to compete for work with our company, which also helps to expand our vendor base and ensure we are getting the most value, quality and benefit from the money we spend on products and services.
+Added: Second, we are providing opportunities for our employees to volunteer within their communities through paid volunteer time off and an additional paid holiday on Martin Luther King, Jr.
Day, a national day of service.
Third, we have a diversity and inclusion group, called the “DIG,” made up of employees who advocate for diversity and inclusion throughout our company.
−Removed: In 2024, the DIG focused its efforts on fostering Company-wide communication and inclusion, supporting our partnerships with local schools and programs that support students with limited economic resources and continuing to expand and diversify our vendor base.
+Added: The DIG focuses its efforts on fostering Company-wide communication and inclusion, supporting our partnerships with local schools and programs that support students with limited economic resources and continuing to expand and diversify our vendor base.
Our core values serve as our foundation.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.