HIW
Highwoods Properties, Inc.
Price Chart
Latest Quote
$30.60
| Previous Close | $31.15 |
| Open | $31.01 |
| Day High | $31.32 |
| Day Low | $30.54 |
| Volume | 1,134,152 |
Stock Information
| Quarterly Dividend / Yield | $2.00 / 6.54% |
| Shares Outstanding | 110.31M |
| Quarterly Dividend Yield | 6.54% |
| Quarterly Dividend | $2.00 |
| Total Debt | $3.52B |
| Cash Equivalents | $145.38M |
| Revenue | $838.86M |
| Net Income | $166.37M |
| Sector | Real Estate |
| Industry | REIT - Office |
| Market Cap | $3.44B |
| P/E Ratio | 20.26 |
| EPS (TTM) | $1.51 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $7.03B |
| Sales | $838.86M |
| Income | $166.37M |
| Book/sh | $21.44 |
| Cash/sh | $1.32 |
| Employees | 315 |
Financial Ratios
| Quick Ratio | 0.82 |
| Current Ratio | 1.05 |
| Debt/Eq | 132.65 |
| EPS Growth TTM | 398.80% |
Returns & Margins
| ROA | 2.18% |
| ROE | 6.82% |
| Gross Margin | 67.34% |
| Operating Margin | 26.33% |
| Profit Margin | 20.11% |
Ownership
| Insider Ownership | 1.31% |
| Institutional Ownership | 120.95% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 43.71 |
| PEG | 7.77 |
| P/S | 4.10 |
| P/B | 1.43 |
Analyst Data
| Recommendation | none |
| Target Price | $31.44 |
Technical Indicators
| SMA20 | $31.29 |
| SMA50 | $31.29 |
| SMA200 | $25.88 |
| RSI | 52.07 |
| ATR | 0.5680 |
| Shares Float | 108.82M |
| Short Float | 17.32% |
| Short Ratio | 8.63 |
| Volatility | 1.07 |
| Rel Volume | 1.18 |
Performance History
| Week | -2.55% |
| Month | -8.01% |
| Quarter | +19.13% |
| 6 Months | +41.02% |
| YTD | +25.26% |
| Year | +7.05% |
| 3 Years | +65.84% |
| 5 Years | -3.26% |
| 10 Years | +3.33% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-08-31 | $30.60 | 1,134,200 |
| 2026-08-27 | $31.38 | 673,700 |
| 2026-08-26 | $31.51 | 752,300 |
| 2026-08-25 | $31.91 | 1,050,700 |
| 2026-08-24 | $31.77 | 728,300 |
| 2026-08-21 | $31.40 | 1,052,500 |
| 2026-08-20 | $31.47 | 722,600 |
| 2026-08-19 | $31.26 | 770,900 |
| 2026-08-18 | $30.85 | 1,204,100 |
| 2026-08-17 | $30.66 | 823,000 |
| 2026-08-14 | $31.01 | 786,000 |
| 2026-08-13 | $31.32 | 899,400 |
| 2026-08-12 | $30.83 | 865,200 |
| 2026-08-11 | $30.36 | 1,014,000 |
| 2026-08-10 | $30.42 | 1,074,000 |
| 2026-08-07 | $30.95 | 929,400 |
| 2026-08-06 | $30.98 | 1,019,400 |
| 2026-08-05 | $31.91 | 1,146,100 |
| 2026-08-04 | $32.46 | 1,194,500 |
| 2026-08-03 | $32.79 | 1,343,600 |
About Highwoods Properties, Inc.
Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. The firm's vision is to be a leader in the evolution of commercial real estate for the benefit of customers, their communities and those who invest with them. Highwood Properties' mission is to create environments and experiences that inspire their teammates and their customers to achieve more together. They are in the work-placemaking business and believe that by creating exceptional environments and experiences, they can deliver greater value to customers, their teammates and, in turn, their shareholders. Highwoods Properties, Inc., is headquarters in Raleigh. Highwoods Properties, Inc. was incorporated in 1978 in Maryland, USA.
đ° Latest News
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $261,373,000 | $272,173,000 | $268,782,000 | $259,806,000 |
| Cost Of Revenue | $261,373,000 | $272,173,000 | $268,782,000 | $259,806,000 |
| Total Revenue | $806,112,000 | $825,862,000 | $833,997,000 | $828,929,000 |
| Operating Revenue | $806,112,000 | $825,862,000 | $833,997,000 | $828,929,000 |
| Expenses | ||||
| Interest Expense | $152,433,000 | $147,198,000 | $136,710,000 | $105,385,000 |
| Total Expenses | $596,634,000 | $613,122,000 | $611,050,000 | $589,682,000 |
| Rent Expense Supplemental | $261,373,000 | $272,173,000 | $268,782,000 | $259,806,000 |
| Other Income Expense | $105,605,000 | $38,712,000 | $65,093,000 | $30,096,000 |
| Other Non Operating Income Expenses | $9,587,000 | $12,337,000 | $4,435,000 | $1,530,000 |
| Net Non Operating Interest Income Expense | $-152,433,000 | $-147,198,000 | $-136,710,000 | $-105,385,000 |
| Interest Expense Non Operating | $152,433,000 | $147,198,000 | $136,710,000 | $105,385,000 |
| Operating Expense | $335,261,000 | $340,949,000 | $342,268,000 | $329,876,000 |
| General And Administrative Expense | $40,307,000 | $41,903,000 | $42,857,000 | $42,266,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $159,612,000 | $102,248,000 | $148,715,000 | $159,058,000 |
| Net Interest Income | $-152,433,000 | $-147,198,000 | $-136,710,000 | $-105,385,000 |
| Normalized Income | $85,629,290 | $84,696,570 | $101,669,710 | $137,703,510 |
| Net Income From Continuing And Discontinued Operation | $159,612,000 | $102,248,000 | $148,715,000 | $159,058,000 |
| Average Dilution Earnings | $3,112,000 | $2,040,000 | $3,164,000 | $3,670,000 |
| Net Income Common Stockholders | $157,253,000 | $99,763,000 | $146,230,000 | $156,572,000 |
| Net Income | $159,612,000 | $102,248,000 | $148,715,000 | $159,058,000 |
| Net Income Including Noncontrolling Interests | $162,650,000 | $104,254,000 | $151,330,000 | $163,958,000 |
| Net Income Continuous Operations | $162,650,000 | $104,254,000 | $151,330,000 | $163,958,000 |
| Pretax Income | $162,650,000 | $104,254,000 | $151,330,000 | $163,958,000 |
| Special Income Charges | $-13,500,000 | $-24,600,000 | $11,778,000 | $-36,515,000 |
| Earnings From Equity Interest | $2,369,000 | $4,158,000 | $1,107,000 | $1,535,000 |
| Operating Income | $209,478,000 | $212,740,000 | $222,947,000 | $239,247,000 |
| Depreciation Amortization Depletion Income Statement | $294,954,000 | $299,046,000 | $299,411,000 | $287,610,000 |
| Depreciation And Amortization In Income Statement | $294,954,000 | $299,046,000 | $299,411,000 | $287,610,000 |
| Gross Profit | $544,739,000 | $553,689,000 | $565,215,000 | $569,123,000 |
| Per Share | ||||
| Diluted EPS | $1.45 | $0.94 | $1.39 | $1.49 |
| Basic EPS | $1.45 | $0.94 | $1.39 | $1.49 |
| Other | ||||
| Tax Effect Of Unusual Items | $19,666,290 | $4,665,570 | $12,505,710 | $5,676,510 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $516,388,000 | $528,281,000 | $527,900,000 | $529,922,000 |
| Total Unusual Items | $93,649,000 | $22,217,000 | $59,551,000 | $27,031,000 |
| Total Unusual Items Excluding Goodwill | $93,649,000 | $22,217,000 | $59,551,000 | $27,031,000 |
| Reconciled Depreciation | $294,954,000 | $299,046,000 | $299,411,000 | $287,610,000 |
| EBITDA (Bullshit earnings) | $610,037,000 | $550,498,000 | $587,451,000 | $556,953,000 |
| EBIT | $315,083,000 | $251,452,000 | $288,040,000 | $269,343,000 |
| Diluted Average Shares | $110,570,000 | $108,319,000 | $107,785,000 | $107,567,000 |
| Basic Average Shares | $108,454,000 | $106,167,000 | $105,529,000 | $105,120,000 |
| Diluted NI Availto Com Stockholders | $160,365,000 | $101,803,000 | $149,394,000 | $160,242,000 |
| Preferred Stock Dividends | $2,359,000 | $2,485,000 | $2,485,000 | $2,486,000 |
| Minority Interests | $-3,038,000 | $-2,006,000 | $-2,615,000 | $-4,900,000 |
| Gain On Sale Of Business | $-4,700,000 | $0 | $11,778,000 | $0 |
| Impairment Of Capital Assets | $8,800,000 | $24,600,000 | $0 | $36,515,000 |
| Gain On Sale Of Security | $107,149,000 | $46,817,000 | $47,773,000 | $63,546,000 |
| Selling General And Administration | $40,307,000 | $41,903,000 | $42,857,000 | $42,266,000 |
| Other Gand A | $40,307,000 | $41,903,000 | $42,857,000 | $42,266,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $2,378,980,000 | $2,361,163,000 | $2,433,297,000 | $2,476,765,000 |
| Total Assets | $6,273,838,000 | $6,029,355,000 | $6,002,928,000 | $6,063,376,000 |
| Total Non Current Assets | $5,787,833,000 | $5,517,044,000 | $5,562,696,000 | $5,648,974,000 |
| Non Current Deferred Assets | $244,258,000 | $209,967,000 | $225,924,000 | $252,828,000 |
| Current Assets | $486,005,000 | $512,311,000 | $440,232,000 | $414,402,000 |
| Other Current Assets | $61,240,000 | $75,021,000 | $65,125,000 | $68,091,000 |
| Restricted Cash | $15,691,000 | $11,265,000 | $6,446,000 | $4,748,000 |
| Inventory | $23,201,000 | $55,409,000 | $0 | - |
| Receivables | $358,515,000 | $348,204,000 | $343,538,000 | $320,206,000 |
| Other Receivables | $318,024,000 | $308,853,000 | $310,649,000 | $293,674,000 |
| Loans Receivable | $12,228,000 | $11,064,000 | $4,795,000 | $1,051,000 |
| Accounts Receivable | $28,263,000 | $28,287,000 | $28,094,000 | $25,481,000 |
| Cash Cash Equivalents And Short Term Investments | $27,358,000 | $22,412,000 | $25,123,000 | $21,357,000 |
| Cash And Cash Equivalents | $27,358,000 | $22,412,000 | $25,123,000 | $21,357,000 |
| Prepaid Assets | - | - | - | $0 |
| Other Non Current Assets | - | - | - | - |
| Debt | ||||
| Net Debt | $3,526,820,000 | $3,271,147,000 | $3,188,083,000 | $3,175,858,000 |
| Total Debt | $3,554,178,000 | $3,293,559,000 | $3,213,206,000 | $3,197,215,000 |
| Long Term Debt And Capital Lease Obligation | $3,554,178,000 | $3,293,559,000 | $3,213,206,000 | $3,197,215,000 |
| Long Term Debt | $3,554,178,000 | $3,293,559,000 | $3,213,206,000 | $3,197,215,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $3,838,184,000 | $3,598,110,000 | $3,515,386,000 | $3,498,399,000 |
| Total Non Current Liabilities Net Minority Interest | $3,554,178,000 | $3,293,559,000 | $3,213,206,000 | $3,197,215,000 |
| Current Liabilities | $284,006,000 | $304,551,000 | $302,180,000 | $301,184,000 |
| Payables And Accrued Expenses | $284,006,000 | $304,551,000 | $302,180,000 | $301,184,000 |
| Equity | ||||
| Common Stock Equity | $2,352,289,000 | $2,332,352,000 | $2,404,486,000 | $2,447,944,000 |
| Preferred Stock Equity | $26,691,000 | $28,811,000 | $28,811,000 | $28,821,000 |
| Total Equity Gross Minority Interest | $2,435,654,000 | $2,431,245,000 | $2,487,542,000 | $2,564,977,000 |
| Stockholders Equity | $2,378,980,000 | $2,361,163,000 | $2,433,297,000 | $2,476,765,000 |
| Gains Losses Not Affecting Retained Earnings | $-2,494,000 | $-2,246,000 | $-1,997,000 | $-1,211,000 |
| Other Equity Adjustments | $-2,494,000 | $-2,246,000 | $-1,997,000 | $-1,211,000 |
| Retained Earnings | $-870,083,000 | $-810,608,000 | $-698,020,000 | $-633,227,000 |
| Long Term Equity Investment | $471,580,000 | $485,726,000 | $343,241,000 | $269,221,000 |
| Other | ||||
| Ordinary Shares Number | $109,905,241 | $107,623,777 | $105,710,315 | $105,210,858 |
| Share Issued | $109,905,241 | $107,623,777 | $105,710,315 | $105,210,858 |
| Tangible Book Value | $2,352,289,000 | $2,332,352,000 | $2,404,486,000 | $2,447,944,000 |
| Invested Capital | $5,906,467,000 | $5,625,911,000 | $5,617,692,000 | $5,645,159,000 |
| Working Capital | $201,999,000 | $207,760,000 | $138,052,000 | $113,218,000 |
| Total Capitalization | $5,933,158,000 | $5,654,722,000 | $5,646,503,000 | $5,673,980,000 |
| Minority Interest | $56,674,000 | $70,082,000 | $54,245,000 | $88,212,000 |
| Additional Paid In Capital | $3,223,767,000 | $3,144,130,000 | $3,103,446,000 | $3,081,330,000 |
| Capital Stock | $27,790,000 | $29,887,000 | $29,868,000 | $29,873,000 |
| Common Stock | $1,099,000 | $1,076,000 | $1,057,000 | $1,052,000 |
| Preferred Stock | $26,691,000 | $28,811,000 | $28,811,000 | $28,821,000 |
| Investments And Advances | $471,580,000 | $485,726,000 | $343,241,000 | $269,221,000 |
| Investmentsin Joint Venturesat Cost | $471,580,000 | $485,726,000 | $343,241,000 | $269,221,000 |
| Investment Properties | $5,071,995,000 | $4,821,351,000 | $4,993,531,000 | $5,126,925,000 |
| Finished Goods | $23,201,000 | $55,409,000 | $0 | - |
| Investmentsin Associatesat Cost | - | - | - | $269,221,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $359,207,000 | $403,584,000 | $386,962,000 | $421,779,000 |
| Operating Activities | ||||
| Operating Cash Flow | $359,207,000 | $403,584,000 | $386,962,000 | $421,779,000 |
| Cash Flow From Continuing Operating Activities | $359,207,000 | $403,584,000 | $386,962,000 | $421,779,000 |
| Operating Gains Losses | $-104,674,000 | $-50,802,000 | $-60,549,000 | $-65,081,000 |
| Investing Activities | ||||
| Investing Cash Flow | $-440,664,000 | $-302,435,000 | $-169,686,000 | $-614,799,000 |
| Cash Flow From Continuing Investing Activities | $-440,664,000 | $-302,435,000 | $-169,686,000 | $-614,799,000 |
| Net Other Investing Changes | $6,633,000 | $-18,679,000 | $3,494,000 | $-16,625,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-2,019,000 | $-1,438,000 | $-1,488,000 | $-5,919,000 |
| Issuance Of Capital Stock | $63,023,000 | $53,518,000 | $1,741,000 | $7,570,000 |
| Financing Cash Flow | $90,829,000 | $-99,041,000 | $-205,426,000 | $187,927,000 |
| Cash Flow From Continuing Financing Activities | $90,829,000 | $-99,041,000 | $-205,426,000 | $187,927,000 |
| Net Other Financing Charges | $-10,978,000 | $-13,229,000 | $-9,787,000 | $-10,611,000 |
| Cash Dividends Paid | $-219,087,000 | $-214,836,000 | $-213,508,000 | $-212,669,000 |
| Preferred Stock Dividend Paid | $-2,359,000 | $-2,485,000 | $-2,485,000 | $-2,486,000 |
| Common Stock Dividend Paid | $-216,728,000 | $-212,351,000 | $-211,023,000 | $-210,183,000 |
| Net Preferred Stock Issuance | $-2,120,000 | $0 | $-10,000 | $0 |
| Net Common Stock Issuance | $61,004,000 | $52,080,000 | $253,000 | $1,651,000 |
| Common Stock Issuance | $63,023,000 | $53,518,000 | $1,741,000 | $7,570,000 |
| Dividends Received Cfi | $8,104,000 | $8,484,000 | $6,594,000 | $0 |
| Dividend Received Cfo | $6,699,000 | $5,973,000 | $1,246,000 | $614,000 |
| Other | ||||
| Repayment Of Debt | $-593,868,000 | $-262,056,000 | $-821,726,000 | $-815,444,000 |
| Issuance Of Debt | $855,878,000 | $339,000,000 | $839,352,000 | $1,225,000,000 |
| Interest Paid Supplemental Data | $144,603,000 | $133,584,000 | $129,764,000 | $102,501,000 |
| End Cash Position | $43,049,000 | $33,677,000 | $31,569,000 | $26,105,000 |
| Other Cash Adjustment Outside Changein Cash | $0 | $0 | $-6,386,000 | $0 |
| Beginning Cash Position | $33,677,000 | $31,569,000 | $26,105,000 | $31,198,000 |
| Changes In Cash | $9,372,000 | $2,108,000 | $11,850,000 | $-5,093,000 |
| Common Stock Payments | $-2,019,000 | $-1,438,000 | $-1,488,000 | $-5,919,000 |
| Net Issuance Payments Of Debt | $262,010,000 | $76,944,000 | $17,626,000 | $409,556,000 |
| Net Short Term Debt Issuance | $-79,000,000 | $84,000,000 | $-366,000,000 | $316,000,000 |
| Short Term Debt Payments | $-555,000,000 | $-255,000,000 | $-615,000,000 | $-359,000,000 |
| Short Term Debt Issuance | $476,000,000 | $339,000,000 | $249,000,000 | $675,000,000 |
| Net Long Term Debt Issuance | $341,010,000 | $-7,056,000 | $383,626,000 | $93,556,000 |
| Long Term Debt Payments | $-38,868,000 | $-7,056,000 | $-206,726,000 | $-456,444,000 |
| Long Term Debt Issuance | $379,878,000 | $0 | $590,352,000 | $550,000,000 |
| Net Investment Properties Purchase And Sale | $-451,054,000 | $-138,879,000 | $-127,165,000 | $-336,402,000 |
| Sale Of Investment Properties | $195,162,000 | $100,934,000 | $101,829,000 | $130,038,000 |
| Purchase Of Investment Properties | $-646,216,000 | $-239,813,000 | $-228,994,000 | $-466,440,000 |
| Net Business Purchase And Sale | $-4,347,000 | $-153,361,000 | $-52,609,000 | $-261,772,000 |
| Sale Of Business | $24,141,000 | $0 | $80,000,000 | $0 |
| Purchase Of Business | $-28,488,000 | $-153,361,000 | $-132,609,000 | $-261,772,000 |
| Change In Working Capital | $-24,300,000 | $3,858,000 | $-19,927,000 | $-16,474,000 |
| Change In Payables And Accrued Expense | $-13,978,000 | $14,037,000 | $3,871,000 | $22,217,000 |
| Change In Payable | $-13,978,000 | $14,037,000 | $3,871,000 | $22,217,000 |
| Change In Account Payable | $-13,978,000 | $14,037,000 | $3,871,000 | $22,217,000 |
| Change In Prepaid Assets | $2,212,000 | $2,669,000 | $1,259,000 | $1,685,000 |
| Change In Receivables | $-12,534,000 | $-12,848,000 | $-25,057,000 | $-40,376,000 |
| Changes In Account Receivables | $-12,534,000 | $-12,848,000 | $-25,057,000 | $-40,376,000 |
| Other Non Cash Items | $7,117,000 | $8,904,000 | $8,760,000 | $7,323,000 |
| Stock Based Compensation | $8,209,000 | $8,000,000 | $6,984,000 | $7,552,000 |
| Asset Impairment Charge | $8,800,000 | $24,600,000 | $0 | $36,515,000 |
| Amortization Of Securities | $-248,000 | $-249,000 | $-293,000 | $-238,000 |
| Depreciation Amortization Depletion | $294,954,000 | $299,046,000 | $299,411,000 | $287,610,000 |
| Depreciation And Amortization | $294,954,000 | $299,046,000 | $299,411,000 | $287,610,000 |
| Depreciation | $294,954,000 | $299,046,000 | $299,411,000 | $287,610,000 |
| Earnings Losses From Equity Investments | $-2,369,000 | $-4,158,000 | $-1,107,000 | $-1,535,000 |
| Gain Loss On Investment Securities | $-107,149,000 | $-46,817,000 | $-48,266,000 | $-63,546,000 |
| Gain Loss On Sale Of Business | $4,700,000 | $0 | $-11,778,000 | $0 |
| Net Income From Continuing Operations | $162,650,000 | $104,254,000 | $151,330,000 | $163,958,000 |
| Preferred Stock Payments | - | - | $-10,000 | $0 |
| Net Investment Purchase And Sale | - | - | $-4,575,000 | $264,000 |
| Sale Of Investment | - | - | $9,888,000 | $288,000 |
| Purchase Of Investment | - | - | $-14,463,000 | $-24,000 |
| Amortization Cash Flow | - | - | $1,135,000 | $-42,000 |
| Amortization Of Intangibles | - | - | $1,135,000 | $-42,000 |
| Provisionand Write Offof Assets | - | - | - | - |