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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Rental Revenue | 851.95 | 806.11 | 825.86 | 834 | 828.93 | 768.01 |
Other Revenue | 3.49 | 2.37 | 4.16 | 1.11 | 1.54 | 1.95 |
| 855.44 | 808.48 | 830.02 | 835.1 | 830.46 | 769.95 | |
Revenue Growth (YoY | 5.38% | -2.60% | -0.61% | 0.56% | 7.86% | 3.92% |
Property Expenses | 279.65 | 261.37 | 272.17 | 268.78 | 259.81 | 236.44 |
Selling, General & Administrative | 41.72 | 40.31 | 41.9 | 42.86 | 42.27 | 40.55 |
Depreciation & Amortization | 311.04 | 294.95 | 299.05 | 299.41 | 287.61 | 259.26 |
Total Operating Expenses | 632.4 | 596.63 | 613.12 | 611.05 | 589.68 | 536.24 |
Operating Income | 223.03 | 211.85 | 216.9 | 224.05 | 240.78 | 233.71 |
Interest Expense | -163.65 | -152.43 | -147.2 | -136.71 | -105.39 | -85.85 |
Other Non-Operating Income | 10.41 | 9.59 | 12.34 | 4.44 | 1.53 | 1.68 |
EBT Excluding Unusual Items | 69.79 | 69 | 82.04 | 91.78 | 136.93 | 149.54 |
Gain (Loss) on Sale of Investments | -4.7 | -4.7 | - | 11.78 | - | - |
Gain (Loss) on Sale of Assets | 128.83 | 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 | 193.92 | 162.65 | 104.25 | 151.33 | 163.96 | 323.31 |
Earnings From Continuing Operations | 193.92 | 162.65 | 104.25 | 151.33 | 163.96 | 323.31 |
Net Income to Company | 193.92 | 162.65 | 104.25 | 151.33 | 163.96 | 323.31 |
Minority Interest in Earnings | -6.38 | -3.04 | -2.01 | -2.62 | -4.9 | -10.03 |
Net Income | 187.54 | 159.61 | 102.25 | 148.72 | 159.06 | 313.28 |
Preferred Dividends & Other Adjustments | 2.3 | 2.36 | 2.49 | 2.49 | 2.49 | 2.49 |
Net Income to Common | 185.24 | 157.25 | 99.76 | 146.23 | 156.57 | 310.79 |
Net Income Growth | 48.35% | 57.63% | -31.78% | -6.60% | -49.62% | -9.89% |
Basic Shares Outstanding | 110 | 108 | 106 | 106 | 105 | 104 |
Diluted Shares Outstanding | 112 | 111 | 108 | 108 | 108 | 107 |
Shares Change | 2.11% | 2.08% | 0.50% | 0.20% | 0.47% | 0.33% |
EPS (Basic) | 1.68 | 1.45 | 0.94 | 1.39 | 1.49 | 2.98 |
EPS (Diluted) | 1.68 | 1.45 | 0.94 | 1.39 | 1.49 | 2.98 |
EPS Growth | 45.07% | 54.30% | -32.19% | -6.97% | -50.03% | -10.21% |
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 |
Dividend Per Share | 2.000 | 2.000 | 2.000 | 2.000 | 2.000 | 1.980 |
Dividend Growth | 0% | 0% | 0% | 0% | 1.01% | 3.13% |
Operating Margin | 26.07% | 26.20% | 26.13% | 26.83% | 28.99% | 30.35% |
Profit Margin | 21.65% | 19.45% | 12.02% | 17.51% | 18.85% | 40.37% |
EBITDA | 490.82 | 469.46 | 474.48 | 478.27 | 481.36 | 451 |
EBITDA Margin | 57.38% | 58.07% | 57.16% | 57.27% | 57.96% | 58.58% |
D&A For Ebitda | 267.78 | 257.62 | 257.58 | 254.22 | 240.58 | 217.29 |
EBIT | 223.03 | 211.85 | 216.9 | 224.05 | 240.78 | 233.71 |
EBIT Margin | 26.07% | 26.20% | 26.13% | 26.83% | 28.99% | 30.35% |
Funds From Operations (FFO) | 395.59 | 384.98 | 391.21 | 413.26 | 433.32 | 413.31 |
FFO Per Share | 3.53 | 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 | 55.67% | 56.30% | 54.28% | 51.06% | 49.44% | 49.40% |