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FOR IMMEDIATE RELEASE Contact : Brendan Maiorana Highwoods PROPERTIES Ref : 21-15 Executive Vice President of Finance and Treasurer brendan.maiorana@highwoods.com 919-872-4924 Highwoods Reports Second Quarter 2021 Results $ 0.57 Net Income per Share $ 0.93 FFO per Share Signed 899,000 SF of 2nd Gen Office Leases , Including 323,000 SF of New Leases Delivered Same Property Cash NOI Growth of 11.1 % Announced Planned Acquisition of Office Assets from Preferred Apartment Communities , Inc. Acquisition to be Funded Primarily Through Sales of Non - Core Assets Sold Non - Core Property in Tampa for $ 43M Expects to Return Balance Sheet Metrics to Current Levels by Mid - 2022 Increases Annualized Dividend to $ 2.00 per Share Previously $ 1.92 per Share , 4.2 % Increase Updates 2021 FFO Outlook to $ 3.62 to $ 3.73 per Share ( Includes $ 0.02 to $ 0.06 Net Impact from Planned Investment Activity ) Previously $ 3.54 to $ 3.66 per Share RALEIGH , NC - July 27 , 2021 - Highwoods Properties , Inc. ( NYSE : HIW ) today reported its second quarter 2021 financial and operating results . Ted Klinck , President and Chief Executive Officer , stated " We are pleased with our strong operating and financial performance during the second quarter . Our leasing activity continued to accelerate from the improved results we posted in the first quarter as highlighted by our new leasing volume of 323,000 square feet , our highest quarterly volume since 2019 and above our long - term quarterly average . Further , our leasing volume was broad - based across markets and included our highest count of new deals since 2014. We delivered strong FFO and robust same property cash NOI growth , demonstrating the continued strengthening of our cash flows .