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
Revenue	806.11	825.86	834	828.93	768.01
Revenue Growth (YoY)	-2.39%	-0.97%	0.61%	7.93%	4.22%
Property Expenses	261.37	272.17	268.78	259.81	236.44
Total Property Expenses	261.37	272.17	268.78	259.81	236.44
Gross Profit	544.74	553.69	565.22	569.12	531.57
Selling, General & Admin	40.31	41.9	42.86	42.27	40.55
Depreciation & Amortization Expenses	294.95	299.05	299.41	287.61	259.26
Other Operating Expenses	8.8	24.6	-	36.52	-
Operating Income	200.68	188.14	222.95	202.73	231.76
Net Gains on Disposal of Properties	102.45	46.82	59.55	63.55	174.06
Interest Income	2.37	4.16	1.11	1.54	1.95
Interest Expense	-152.43	-147.2	-136.71	-105.39	-85.85
Other Non-Operating Income (Expense)	9.59	12.34	4.44	1.53	1.39
Total Non-Operating Income (Expense)	-38.03	-83.89	-71.62	-38.77	91.55
Pretax Income	162.65	104.25	151.33	163.96	323.31
Net Income	157.25	99.76	146.23	156.57	310.79
Minority Interest in Earnings	3.04	2.01	3.11	4.9	10.03
Net Income Attributable to Preferred Dividends	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	57.63%	-31.78%	-6.60%	-49.62%	-9.89%
Shares Outstanding (Basic)	108	106	106	105	104
Shares Outstanding (Diluted)	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	54.25%	-32.37%	-6.71%	-50.00%	-10.24%
Shares Outstanding	109.91	107.62	105.71	105.21	104.89
Free Cash Flow	-287.01	163.77	157.97	-44.66	-110.65
Free Cash Flow Growth	-	3.67%	-	-	-
Free Cash Flow Per Share	-2.60	1.51	1.47	-0.42	-1.03
Dividends Per Share	2.000	2.000	2.000	2.000	1.980
Dividend Growth	-	-	-	1.01%	3.13%
Gross Margin	67.58%	67.04%	67.77%	68.66%	69.21%
Operating Margin	24.89%	22.78%	26.73%	24.46%	30.18%
Profit Margin	20.18%	12.62%	18.15%	19.78%	42.10%
FCF Margin	-35.60%	19.83%	18.94%	-5.39%	-14.41%
EBITDA	495.63	487.19	522.36	490.34	491.02
EBITDA Margin	61.48%	58.99%	62.63%	59.15%	63.93%
EBIT	200.68	188.14	222.95	202.73	231.76
EBIT Margin	24.89%	22.78%	26.73%	24.46%	30.18%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q