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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
$806.1M
▼ 2.4% YoY
$162.7M
▲ 56.0% YoY
$-82.3M
▼ 123.3% YoY
Growth
USD 806.1M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 806.1 · Net income 162.7
400M800M2008201120142017202020232025
Compound annual growth
−0.9%
+1.8%
+2.9%
+4.1%
−0.3%
−14.6%
+4.9%
+5.6%
−0.9%
−15.3%
+3.8%
+3.5%
+0.0%
+0.0%
+1.0%
+1.7%
+3.1%
+3.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
20 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 67.6% · Net 20.2%
50%2008201120142017202020232025
ROE
FY2025 · ROE 6.9%
10%20%2008201120142017202020232025

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

Cash & shareholders
USD 216.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -82.3
200M-80M-160M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 216.7 · Net buybacks —
80M160M200920112013201520172019202120232025

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

Total assetsUSD 6.3B
EquityUSD 2.4B
CashUSD 27.4M

Equity funds 38% of total assets.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.80.80.80.80.80.70.70.70.70.70.60.60.50.50.40.40.40.4
Operating income $B0.50.60.60.60.50.50.50.50.50.40.40.30.30.30.30.30.3·
EBITDA $B0.80.90.90.90.80.70.70.70.70.70.60.50.50.50.40.40.4·
Income tax $B··················
Net income $B0.20.10.20.20.30.40.10.20.20.50.10.10.10.10.00.10.10.0
Free cash flow $B−0.10.40.40.20.10.4−0.10.30.40.2−0.10.1−0.2−0.10.10.2··
EPS, diluted $1.450.941.391.492.983.321.301.641.785.301.001.191.441.020.540.860.760.37
Dividend / sh $··········1.701.701.701.701.701.701.70·
Payout %13320413912863561391089431158133111153256168185·
ROE %6.94.36.26.613.415.96.48.08.829.06.57.79.97.94.66.55.5·
Shares out B0.110.110.110.110.100.100.100.100.100.100.100.090.090.080.070.070.07·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 6 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2008

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