HIW maintains a healthy balance sheet, with no consolidated debt maturities until the second quarter of 2026. As of March 31, 2025, the company's total available liquidity amounted to more than $700 million, including cash on hand, availability on the revolving credit facility and pro rata share of undrawn joint venture construction loans. In the first quarter of 2025, Highwoods generated 84.3% unencumbered net operating income (at the company's share), providing scope to tap additional secured debt capital if required.