Highwoods Properties, Inc. (HIW)
NYSE: HIW · Real-Time Price · USD
30.37
-0.10 (-0.33%)
Oct 23, 2026, 1:07 PM EDT - Market open

Highwoods Properties Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
838.86808.48830.02835.1830.46769.95
Revenue Growth
2.95%-2.60%-0.61%0.56%7.86%3.92%
Net Income
166.37157.2599.76146.23156.57310.79
Earnings Per Share
1.521.450.941.391.492.98
EPS Growth
28.38%54.30%-32.19%-6.97%-50.03%-10.21%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Unallocated Equity in Earnings of Unconsolidated Affiliates
3.322.374.161.111.541.95
Office - Atlanta
145.98144.96146.17143.74143.9143.61
Office - Charlotte
106.3293.398885.9873.7249.35
Office - Nashville
152.6156.6169.16171.8174.34149.67
Office - Orlando
57.4957.1358.445854.851.28
Office - Raleigh
195.56180.74173.16181.96182.99162.12
Office - Richmond
32.3436.1935.2735.9243.0845.94
Office - Tampa
90.2888.0498.8999.4294.7397.95
Other
48.9649.0656.7857.1761.3668.08
Total
838.86808.48830.02835.1830.46769.95

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
145.3827.3622.4125.1221.3623.15
Total Debt
3,5163,6343,2943,2133,1972,789
Net Cash (Debt)
-3,370-3,607-3,271-3,188-3,176-2,766
Net Cash Growth
------
Net Cash Per Share
-30.17-32.62-30.20-29.58-29.52-25.83

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
384.43359.21403.58386.96421.78414.56
Free Cash Flow
384.43359.21403.58386.96421.78414.56
Free Cash Flow Growth
5.59%-11.00%4.30%-8.25%1.74%15.75%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.0002.0002.0002.0002.0001.980
Dividend Per Share Growth
0%0%0%0%1.01%3.13%
Dividend Yield
6.56%7.75%6.64%8.71%7.15%4.46%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
20.0218.0432.5016.6018.8014.98
PS Ratio
4.083.513.912.913.546.05