ES
MARKETS / NYSE / HIW
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Highwoods Properties, Inc. HIW

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$806.1M
▼ 2.4% vs FY2024
EPS · FY25
$1.45
Dividend / sh · FY25
—
Payout · FY25
133%
ROE · FY25
6.9%
Net margin · FY25
20.2%
Dividend coverage
0.6×
Advertisement
AdSense · Leaderboard 728×90320×100
Result
USD 806.1M
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.250.50.7510.80.22008201120142017202020232025
0.250.50.7510.80.22016201920222025

20 cents of every revenue dollar became profit this year.

Per share
USD 1.45
Diluted EPS, FY2025
EPS Dividend
2461.452008201120142017202020232025
2461.452016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
6.9%
Return on equity, FY2025
ROE
81624326.9%2008201120142017202020232025
81624326.9%2016201920222025
Operating margin67.6%
Net margin20.2%
Return on assets2.6%

Each USD of equity produced 7 cents of profit this year.

Returned to shareholders
USD 216.7M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 216.7M
Net buybacks—
Share of profit133.2%
Consecutive raises—

USD 216.7M in dividends — 133% of the year's profit, so the payout drew on cash built up earlier.

Growth
+1.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−0.9%
+1.8%
Net income
−0.3%
−14.6%
+4.9%
+5.6%
EPS, diluted
−0.9%
−15.3%
+3.8%
+3.5%
Dividend / share
+0.0%
+0.0%
Returned to shareholders
+1.0%
+1.7%
+3.1%
+3.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.11B
Shares outstanding, FY2025
0.070.112008201120142017202020232025
0.100.112016201920222025
Change, 5 years+5.8%
Change, 10 years+14.4%

The share count grew 6% in five years — the same company, cut into more, smaller slices.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 6.3B
total assets, end of FY2025
Total assetsUSD 6.3B
EquityUSD 2.4B
CashUSD 27.4M

Equity funds 38% of total assets.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.8
0.8
0.8
0.8
0.8
0.7
0.7
0.7
0.7
·
·
·
·
·
·
·
·
·
Operating income $B
0.5
0.6
0.6
0.6
0.5
0.5
0.5
0.5
0.5
0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
·
EBITDA $B
0.8
0.9
0.9
0.9
0.8
0.7
0.7
0.7
0.7
0.7
0.6
0.5
0.5
0.5
0.4
0.4
0.4
·
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net income $B
0.2
0.1
0.2
0.2
0.3
0.4
0.1
0.2
0.2
0.5
0.1
0.1
0.1
0.1
0.0
0.1
0.1
0.0
EPS, diluted $
1.45
0.94
1.39
1.49
2.98
3.32
1.30
1.64
1.78
5.30
1.00
1.19
1.44
1.02
0.54
0.86
0.76
0.37
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
1.70
1.70
1.70
1.70
1.70
1.70
1.70
·
Payout %
133
204
139
128
63
56
139
108
94
31
158
133
111
153
256
168
185
·
ROE %
6.9
4.3
6.2
6.6
13.4
15.9
6.4
8.0
8.8
29.0
6.5
7.7
9.9
7.9
4.6
6.5
5.5
·
Shares out B
0.11
0.11
0.11
0.11
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.09
0.09
0.08
0.07
0.07
0.07
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
35 of 35
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed