Company research
HIGHWOODS PROPERTIES, INC.
CIK 921082Updated Sep 25, 2026
SecurityHIW · NYSE · equity
Name history
HIGHWOODS PROPERTIES INC · through Jul 1, 2019
HIW price & chart
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NYSE:HIW on TradingView ↗In the news
Highwoods Recasts $150M Unsecured Bank Term Loan ↗
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,273,838,000Source | 6,029,355,000Source | 6,002,928,000Source | 6,063,376,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 27,358,000Source | 22,412,000Source | 25,123,000Source | 21,357,000Source |
| Accounts Receivable | — | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,838,184,000Source | 3,598,110,000Source | 3,515,386,000Source | 3,498,399,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 26,691,000Source | 28,811,000Source | 28,811,000Source | 28,821,000Source |
| Common Stock, Value, IssuedUSD | 1,099,000Source | 1,076,000Source | 1,057,000Source | 1,052,000Source |
| Additional Paid in CapitalUSD | 3,223,767,000Source | 3,144,130,000Source | 3,103,446,000Source | 3,081,330,000Source |
| Retained Earnings (Accumulated Deficit)USD | -870,083,000Source | -810,608,000Source | -698,020,000Source | -633,227,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -2,494,000Source | -2,246,000Source | -1,997,000Source | -1,211,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,378,980,000Source | 2,361,163,000Source | 2,433,297,000Source | 2,476,765,000Source |
| Liabilities and EquityUSD | 6,273,838,000Source | 6,029,355,000Source | 6,002,928,000Source | 6,063,376,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,897,000Source | 4,291,000Source | 4,725,000Source | 22,235,000Source |
| Additional Financial Items | ||||
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 52,777,000Source | 65,791,000Source | 49,520,000Source | 65,977,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 162,650,000Source | 104,254,000Source | 151,330,000Source | 163,958,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,209,000Source | 8,000,000Source | 6,984,000Source | 7,552,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,444,000Source | 3,222,000Source | 547,000Source | 10,955,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 359,207,000Source | 403,584,000Source | 386,962,000Source | 421,779,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -440,664,000Source | -302,435,000Source | -169,686,000Source | -614,799,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 2,125,000Source | 2,513,000Source | 7,431,000Source | 1,389,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 2,009,000Source | 1,438,000Source | 1,325,000Source | 2,156,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 90,829,000Source | -99,041,000Source | -205,426,000Source | 187,927,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 216,728,000Source | 212,351,000Source | 211,023,000Source | 210,183,000Source |
| Repayments of Long-term DebtUSD | 38,868,000Source | 7,056,000Source | 206,726,000Source | 456,444,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 9,372,000Source | 2,108,000Source | 11,850,000Source | -5,093,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 43,049,000Source | 33,677,000Source | 31,569,000Source | 26,105,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 144,603,000Source | 133,584,000Source | 129,764,000Source | 102,501,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 5,809,000Source | 5,638,000Source | 4,884,000Source | 4,324,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | 0Source | 0Source | 11,778,000Source | — |
| DepreciationUSD | 294,954,000Source | 299,046,000Source | 299,411,000Source | 287,610,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | -4,700,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 107,149,000Source | 46,817,000Source | 47,773,000Source | 63,546,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -144,000Source | -173,000Source | -602,000Source | 0Source |
| General and Administrative ExpenseUSD | 40,307,000Source | 41,903,000Source | 42,857,000Source | 42,266,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 2,369,000Source | 4,158,000Source | 1,107,000Source | 1,535,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 157,253,000Source | 99,763,000Source | 146,230,000Source | 156,572,000Source |
| Operating Costs and ExpensesUSD | 261,373,000Source | 272,173,000Source | 268,782,000Source | 259,806,000Source |
| Operating ExpensesUSD | 605,434,000Source | 637,722,000Source | 611,050,000Source | 626,197,000Source |
| Operating Lease, ExpenseUSD | 2,400,000Source | 2,600,000Source | 2,600,000Source | 2,600,000Source |
| Operating Lease, Lease IncomeUSD | 788,600,000Source | 811,600,000Source | 819,900,000Source | 816,300,000Source |
| Other Nonoperating Income (Expense)USD | 9,587,000Source | 12,337,000Source | 4,435,000Source | 1,530,000Source |
| Payments of Financing CostsUSD | 4,979,000Source | 7,683,000Source | 5,370,000Source | 4,087,000Source |
| Proceeds from Contributions from AffiliatesUSD | 0Source | 0Source | 320,000Source | — |
| Proceeds from Issuance of Common StockUSD | 63,023,000Source | 53,518,000Source | 1,741,000Source | 7,570,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 379,878,000Source | 0Source | 590,352,000Source | 550,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 806,112,000Source | 825,862,000Source | 833,997,000Source | 828,929,000Source |
| Operating Income (Loss)USD | 544,739,000Source | 553,689,000Source | 565,215,000Source | 569,123,000Source |
| Other Nonoperating Income (Expense)USD | 9,587,000Source | 12,337,000Source | 4,435,000Source | 1,530,000Source |
| Earnings Per Share, BasicUSD per share | 1.45Source | 0.94Source | 1.39Source | 1.49Source |
| Earnings Per Share, DilutedUSD per share | 1.45Source | 0.94Source | 1.39Source | 1.49Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 108,454,000Source | 106,167,000Source | 105,529,000Source | 105,120,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 110,570,000Source | 108,319,000Source | 107,785,000Source | 107,567,000Source |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 294,954,000Source | 299,046,000Source | 299,411,000Source | 287,610,000Source |
| General and Administrative ExpenseUSD | 40,307,000Source | 41,903,000Source | 42,857,000Source | 42,266,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 2,369,000Source | 4,158,000Source | 1,107,000Source | 1,535,000Source |
| Interest ExpenseUSD | 152,433,000Source | 147,198,000Source | 136,710,000Source | 105,385,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 157,253,000Source | 99,763,000Source | 146,230,000Source | 156,572,000Source |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, RedeemableUSD | 3,112,000Source | 2,040,000Source | 3,164,000Source | 3,670,000Source |
| Operating Costs and ExpensesUSD | 261,373,000Source | 272,173,000Source | 268,782,000Source | 259,806,000Source |
| Operating ExpensesUSD | 605,434,000Source | 637,722,000Source | 611,050,000Source | 626,197,000Source |
| Operating Lease, ExpenseUSD | 2,400,000Source | 2,600,000Source | 2,600,000Source | 2,600,000Source |
| Operating Lease, Lease IncomeUSD | 788,600,000Source | 811,600,000Source | 819,900,000Source | 816,300,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 2,359,000Source | 2,485,000Source | 2,485,000Source | 2,486,000Source |