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Highwoods Properties (HIW)

NYSE Real Estate Office REITs S&P SmallCap 600
$31.47
-0.25 (-0.79%)
Close of Nov 06, 2026 · end-of-day data
Source: Highwoods Properties's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$561.24M$702.74M$720.03M$735.98M$736.90M$768.01M$828.93M$834.00M$825.86M$806.11M
Operating income$434.55M$465.85M$477.62M$487.47M$505.07M$531.57M$569.12M$565.22M$553.69M$544.74M
Interest expense$76.65M$69.11M$71.42M$81.65M$80.96M$85.85M$105.39M$136.71M$147.20M$152.43M
Pre-tax income$101.95M$130.10M$137.75M———————
Net income$521.79M$182.87M$169.34M$134.43M$344.91M$310.79M$156.57M$146.23M$99.76M$157.25M
EBITDA$654.69M$693.68M$707.58M$741.97M$746.66M$790.83M$856.73M$864.63M$852.74M$839.69M
EPS (basic)$5.30$1.78$1.64$1.30$3.32$2.98$1.49$1.39$0.94$1.45
EPS (diluted)$5.30$1.78$1.64$1.30$3.32$2.98$1.49$1.39$0.94$1.45
Diluted shares101.40M105.59M106.27M106.44M106.71M107.06M107.57M107.78M108.32M110.57M
Operating margin77.4%66.3%66.3%66.2%68.5%69.2%68.7%67.8%67.0%67.6%
Net margin93.0%26.0%23.5%18.3%46.8%40.5%18.9%17.5%12.1%19.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$49.49M$3.27M$3.77M$9.51M$109.32M$23.15M$21.36M$25.12M$22.41M$27.36M
Total assets$4.56B$4.62B$4.68B$5.14B$5.21B$5.70B$6.06B$6.00B$6.03B$6.27B
Total liabilities$2.26B$2.24B$2.30B$2.83B$2.74B$3.08B$3.50B$3.52B$3.60B$3.84B
Shareholders' equity$2.14B$2.22B$2.25B$2.15B$2.34B$2.48B$2.48B$2.43B$2.36B$2.38B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$305.81M$352.53M$358.63M$365.80M$358.16M$414.56M$421.78M$386.96M$403.58M$359.21M
Free cash flow$305.81M$352.53M$358.63M$365.80M$358.16M$414.56M$421.78M$386.96M$403.58M$359.21M
Investing cash flow$216.26M-$200.30M-$306.75M-$607.41M$110.68M-$287.68M-$614.80M-$169.69M-$302.44M-$440.66M
Financing cash flow-$465.24M-$142.53M-$130.07M$246.21M-$294.34M-$284.93M$187.93M-$205.43M-$99.04M$90.83M
Dividends paid$166.86M$180.81M$191.30M$196.94M$199.33M$204.18M$210.18M$211.02M$212.35M$216.73M
Stock-based compensation$6.25M$6.69M$7.47M$7.18M$6.21M$8.65M$7.55M$6.98M$8.00M$8.21M
Depreciation & amortization$220.14M$227.83M$229.96M$254.50M$241.59M$259.25M$287.61M$299.41M$299.05M$294.95M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.