Highwoods Properties unveils $250 million stock buyback plan

Tom Brennan

·Apr 22 2026, 20:38

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Key Takeaways:

Board authorizes repurchase of up to $250 million in common stock
Program represents roughly 5.9% of the company's current market capitalization
Repurchases to be funded on a leverage-neutral basis via asset sales

Highwoods Properties Inc. announced on Wednesday a new stock repurchase program authorized by its board of directors for up to $250 million of its outstanding common stock.

The Raleigh, North Carolina-based real estate investment trust framed the move as a step to enhance shareholder value. The size of the buyback represents approximately 5.9 percent of the company's current market capitalization of roughly $4.25 billion.

In its announcement, the company specified the repurchases would be funded on a leverage-neutral basis. Highwoods anticipates using the net proceeds from the sale of non-core assets to finance the share buybacks, a strategy that allows the company to return capital to shareholders without increasing its debt load.

Stock repurchase programs are a common tool for companies to signal confidence in their own valuation and business prospects. By reducing the number of shares outstanding, buybacks can increase earnings per share and support the stock price, though the company did not specify a timeframe for the program's execution.

The authorization provides Highwoods with a flexible tool to manage its capital structure and return cash to investors. Shareholders will be watching the company's upcoming asset sale announcements and the pace of any subsequent repurchase activity.

This article is for informational purposes only and does not constitute investment advice.