Highwoods Properties HIW Building and Tenant Improvements

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Questions, answered.

What is Highwoods Properties's building and tenant improvements?

Highwoods Properties (HIW) reported building and tenant improvements of $6.45B in Q1 2026.

How has Highwoods Properties's building and tenant improvements changed year-over-year?

Highwoods Properties's building and tenant improvements increased by 9.4% year-over-year, from $5.9B to $6.45B.

What is the long-term trend for Highwoods Properties's building and tenant improvements?

Over 5 years (2020 to 2025), Highwoods Properties's building and tenant improvements has grown at a 4.3% compound annual growth rate (CAGR), from $4.98B to $6.14B.

What does building and tenant improvements mean?

This represents the capitalized costs associated with the construction, renovation, and customization of office spaces to meet specific tenant requirements. These improvements enhance the utility and value of the property portfolio and are amortized over the life of the lease or the useful life of the asset. Tracking this metric helps investors understand the capital intensity required to attract and retain high-quality tenants.