Highwoods Properties, Inc. (HIW)
NYSE: HIW · Real-Time Price · USD
31.07
+0.14 (0.45%)
At close: Nov 13, 2026, 4:00 PM EST
31.07
0.00 (0.00%)
After-hours: Nov 13, 2026, 7:30 PM EST
Highwoods Properties Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 187.54 | 159.61 | 102.25 | 148.72 | 159.06 | 313.28 |
Depreciation & Amortization | 267.78 | 257.62 | 257.58 | 254.22 | 240.58 | 217.29 |
Other Amortization | 52.72 | 45.71 | 48.52 | 51.21 | 51.31 | 44.51 |
Gain (Loss) on Sale of Assets | -128.83 | -107.15 | -46.82 | -47.77 | -63.55 | -174.06 |
Gain (Loss) on Sale of Investments | 4.7 | 4.7 | - | -11.78 | - | - |
Asset Writedown | - | 8.8 | 24.6 | - | 36.52 | - |
Stock-Based Compensation | 9.11 | 8.21 | 8 | 6.98 | 7.55 | 8.65 |
Income (Loss) on Equity Investments | 2.98 | 4.33 | 1.82 | 0.14 | -0.92 | -0.53 |
Change in Accounts Receivable | -31.17 | -12.53 | -12.85 | -25.06 | -40.38 | -16.36 |
Change in Accounts Payable | 1.5 | -13.98 | 14.04 | 3.87 | 22.22 | 8.19 |
Change in Other Net Operating Assets | 2.5 | 2.21 | 2.67 | 1.26 | 1.69 | 1.58 |
Other Operating Activities | 8.03 | 1.8 | 1.49 | 1.34 | 4.5 | 11.59 |
Operating Cash Flow | 379.54 | 359.21 | 403.58 | 386.96 | 421.78 | 414.56 |
Operating Cash Flow Growth | 4.49% | -11.00% | 4.30% | -8.25% | 1.74% | 15.75% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Acquisition of Real Estate Assets | -745.78 | -646.22 | -239.81 | -228.99 | -466.44 | -525.2 |
Sale of Real Estate Assets | 421.85 | 195.16 | 100.93 | 101.83 | 130.04 | 374.02 |
Net Sale / Acq. of Real Estate Assets | -323.94 | -451.05 | -138.88 | -127.17 | -336.4 | -151.19 |
Investment in Marketable & Equity Securities | 137.46 | 3.76 | -144.88 | -46.02 | -261.77 | -133.42 |
Other Investing Activities | -3.31 | 7.88 | -12.51 | 8.07 | -16.89 | -3.29 |
Investing Cash Flow | -195.8 | -440.66 | -302.44 | -169.69 | -614.8 | -287.68 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 855.88 | 339 | 839.35 | 1,225 | 580 |
Long-Term Debt Repaid | - | -593.87 | -262.06 | -821.73 | -815.44 | -663.78 |
Net Debt Issued (Repaid) | 107.29 | 262.01 | 76.94 | 17.63 | 409.56 | -83.78 |
Issuance of Common Stock | 12.14 | 63.02 | 53.52 | 1.74 | 7.57 | 23.92 |
Repurchase of Common Stock | -1.89 | -2.02 | -1.44 | -1.49 | -5.92 | -1.72 |
Preferred Share Repurchases | -0.06 | -2.12 | - | -0.01 | - | -0.01 |
Common Dividends Paid | -220.22 | -216.73 | -212.35 | -211.02 | -214.23 | -204.18 |
Preferred Dividends Paid | -2.3 | -2.36 | -2.49 | -2.49 | -2.49 | -2.49 |
Total Dividends Paid | -222.52 | -219.09 | -214.84 | -213.51 | -216.72 | -206.67 |
Other Financing Activities | 178.24 | -10.98 | -13.23 | -9.79 | -6.56 | -16.67 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Miscellaneous Cash Flow Adjustments | - | - | - | -6.39 | - | - |
Net Cash Flow | 256.94 | 9.37 | 2.11 | 5.46 | -5.09 | -158.05 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Levered Free Cash Flow | 324.8 | 284.18 | 295.95 | 355 | 374.26 | 454.75 |
Unlevered Free Cash Flow | 420.84 | 373.65 | 382.31 | 435.56 | 435.8 | 503.95 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 154.54 | 144.6 | 133.58 | 129.76 | 102.5 | 79.47 |
Change in Working Capital | -27.17 | -24.3 | 3.86 | -19.93 | -16.47 | -6.59 |