Highwoods Properties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	806.11	825.86	834	828.93	768.01
Other Revenue	2.37	4.16	1.11	1.54	1.95
Total Revenue	808.48	830.02	835.1	830.46	769.95
Revenue Growth (YoY	-2.60%	-0.61%	0.56%	7.86%	3.92%
Property Expenses	261.37	272.17	268.78	259.81	236.44
Selling, General & Administrative	40.31	41.9	42.86	42.27	40.55
Depreciation & Amortization	294.95	299.05	299.41	287.61	259.26
Total Operating Expenses	596.63	613.12	611.05	589.68	536.24
Operating Income	211.85	216.9	224.05	240.78	233.71
Interest Expense	-152.43	-147.2	-136.71	-105.39	-85.85
Other Non-Operating Income	9.59	12.34	4.44	1.53	1.68
EBT Excluding Unusual Items	69	82.04	91.78	136.93	149.54
Gain (Loss) on Sale of Investments	-4.7	-	11.78	-	-
Gain (Loss) on Sale of Assets	107.15	46.82	47.77	63.55	174.06
Asset Writedown	-8.8	-24.6	-	-36.52	-
Other Unusual Items	-	-	-	-	-0.29
Pretax Income	162.65	104.25	151.33	163.96	323.31
Earnings From Continuing Operations	162.65	104.25	151.33	163.96	323.31
Net Income to Company	162.65	104.25	151.33	163.96	323.31
Minority Interest in Earnings	-3.04	-2.01	-2.62	-4.9	-10.03
Net Income	159.61	102.25	148.72	159.06	313.28
Preferred Dividends & Other Adjustments	2.36	2.49	2.49	2.49	2.49
Net Income to Common	157.25	99.76	146.23	156.57	310.79
Net Income Growth	56.10%	-31.25%	-6.50%	-49.23%	-9.82%
Basic Shares Outstanding	108	106	106	105	104
Diluted Shares Outstanding	111	108	108	108	107
Shares Change (YoY)	2.08%	0.50%	0.20%	0.47%	0.33%
EPS (Basic)	1.45	0.94	1.39	1.49	2.98
EPS (Diluted)	1.45	0.94	1.39	1.49	2.98
EPS Growth	54.30%	-32.19%	-6.97%	-50.03%	-10.21%
Dividend Per Share	2.000	2.000	2.000	2.000	1.980
Dividend Growth	-	-	-	1.01%	3.13%
Operating Margin	26.20%	26.13%	26.83%	28.99%	30.35%
Profit Margin	19.45%	12.02%	17.51%	18.85%	40.37%
EBITDA	469.46	474.48	478.27	481.36	451
EBITDA Margin	58.07%	57.16%	57.27%	57.96%	58.58%
D&A For Ebitda	257.62	257.58	254.22	240.58	217.29
EBIT	211.85	216.9	224.05	240.78	233.71
EBIT Margin	26.20%	26.13%	26.83%	28.99%	30.35%
Funds From Operations (FFO)	384.98	391.21	413.26	433.32	413.31
FFO Per Share	3.48	3.61	3.83	4.03	3.86
Adjusted Funds From Operations (AFFO)	384.98	391.21	413.26	433.32	413.31
AFFO Per Share	3.48	3.61	3.83	4.03	3.86
FFO Payout Ratio	56.30%	54.28%	51.06%	49.44%	49.40%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q