Highwoods Properties, Inc. (HIW)

Highwoods Properties Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	838.86	808.48	830.02	835.1	830.46	769.95
Revenue Growth	2.95%	-2.60%	-0.61%	0.56%	7.86%	3.92%
Net Income Net Income Growth	166.37	157.25	99.76	146.23	156.57	310.79
Earnings Per Share EPS Growth	1.52	1.45	0.94	1.39	1.49	2.98
EPS Growth	28.38%	54.30%	-32.19%	-6.97%	-50.03%	-10.21%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Unallocated Equity in Earnings of Unconsolidated Affiliates Unallocated Equity in Earnings of Unconsolidated Affiliates Growth	3.32	2.37	4.16	1.11	1.54	1.95
Office - Atlanta Office - Atlanta Growth	145.98	144.96	146.17	143.74	143.9	143.61
Office - Charlotte Office - Charlotte Growth	106.32	93.39	88	85.98	73.72	49.35
Office - Nashville Office - Nashville Growth	152.6	156.6	169.16	171.8	174.34	149.67
Office - Orlando Office - Orlando Growth	57.49	57.13	58.44	58	54.8	51.28
Office - Raleigh Office - Raleigh Growth	195.56	180.74	173.16	181.96	182.99	162.12
Office - Richmond Office - Richmond Growth	32.34	36.19	35.27	35.92	43.08	45.94
Office - Tampa Office - Tampa Growth	90.28	88.04	98.89	99.42	94.73	97.95
Other Other Growth	48.96	49.06	56.78	57.17	61.36	68.08
Total Total Growth	838.86	808.48	830.02	835.1	830.46	769.95

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	145.38	27.36	22.41	25.12	21.36	23.15
Total Debt Total Debt Growth	3,516	3,634	3,294	3,213	3,197	2,789
Net Cash (Debt) Net Cash Growth	-3,370	-3,607	-3,271	-3,188	-3,176	-2,766
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-30.17	-32.62	-30.20	-29.58	-29.52	-25.83

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	384.43	359.21	403.58	386.96	421.78	414.56
Free Cash Flow Free Cash Flow Growth	384.43	359.21	403.58	386.96	421.78	414.56
Free Cash Flow Growth	5.59%	-11.00%	4.30%	-8.25%	1.74%	15.75%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	26.06%	26.20%	26.13%	26.83%	28.99%	30.35%
Pretax Margin	20.69%	20.12%	12.56%	18.12%	19.74%	41.99%
Profit Margin	19.83%	19.45%	12.02%	17.51%	18.85%	40.37%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	2.000	2.000	2.000	2.000	2.000	1.980
Dividend Per Share Growth	0%	0%	0%	0%	1.01%	3.13%
Dividend Yield	6.37%	8.08%	7.30%	10.45%	9.39%	6.17%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	20.70	18.04	32.50	16.60	18.80	14.98
PS Ratio	4.20	3.51	3.91	2.91	3.54	6.05

Data Source: S&P Global Market Intelligence Last updated: Apr 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

Data Sources Report a data error