HIW · Highwoods Properties, Inc.
Market Cap
$3.46B
Shares
110.27M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$806.11M
-2.4%
FY2025
Net Income
$162.65M
+56%
FY2025
Operating Margin
67.58%
+0.5pp
FY2025
Diluted EPS
$1.45
+54.3%
FY2025
Operating Cash Flow
$359.21M
-11%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $819.76M | $806.11M | $825.86M | $834M | $828.93M | $768.01M | $736.9M | $735.98M | $720.04M | $702.74M | $665.63M | $604.67M | $555.87M | $505.01M | $485.05M | $431.96M | $440.84M | $448.02M | $445.27M | |
| $801.9M | $788.6M | $811.6M | $819.9M | $816.3M | $754.9M | $726M | $723.1M | — | $583.83M | $561.24M | $513.91M | $476.68M | $437.86M | $413.65M | $374.67M | $379.55M | $392.36M | — | |
| $41.28M | $40.31M | $41.9M | $42.86M | $42.27M | $40.55M | $41.03M | $44.07M | $40.01M | $39.65M | $38.15M | $37.64M | $35.26M | $36.38M | $37.38M | $35.73M | $32.95M | $36.68M | $38.04M | |
| $301.09M | $294.95M | $299.05M | $299.41M | $287.61M | $259.26M | $241.59M | $254.5M | $229.96M | $227.83M | $220.14M | $201.92M | $180.64M | $162.94M | $146.36M | $127.5M | $130.23M | $129.65M | $122.84M | |
| $618.63M | $605.43M | $637.72M | $611.05M | $626.2M | $536.24M | $516.22M | $552.93M | $512.8M | $505.81M | $489.38M | $455.5M | $422.37M | $383.51M | $360.48M | $320.53M | $318.95M | $330.91M | $324.27M | |
| $552.31M | $544.74M | $553.69M | $565.22M | $569.12M | $531.57M | $505.08M | $487.47M | $477.62M | $465.85M | $434.55M | $388.73M | $349.99M | $320.82M | $308.3M | $274.65M | $285.07M | $285.99M | — | |
| — | 67.58% | 67.04% | 67.77% | 68.66% | 69.21% | 68.54% | 66.23% | 66.33% | 66.29% | 65.28% | 64.29% | 62.96% | 63.53% | 63.56% | 63.58% | 64.66% | 63.84% | — | |
| $853.39M | $839.69M | $852.74M | $864.63M | $856.73M | $790.83M | $746.66M | $741.97M | $707.58M | $693.68M | $654.69M | $590.65M | $530.62M | $483.76M | $454.66M | $402.15M | $415.3M | $415.65M | — | |
| $157.49M | $152.43M | $147.2M | $136.71M | $105.39M | $85.85M | $80.96M | $81.65M | $71.42M | $69.11M | $76.65M | $86.05M | $85.13M | $91.89M | $96.11M | $95.51M | $92.95M | $86.81M | $98.49M | |
| $11.13M | $9.59M | $12.34M | $4.44M | $1.53M | $1.39M | -$1.71M | -$2.51M | $1.94M | $2.28M | $2.34M | $1.73M | $2.43M | $3.31M | $6.38M | $7.36M | $5.66M | $9.55M | $3.83M | |
| $4.04M | $2.37M | $4.16M | $1.11M | $1.54M | $1.95M | $4.01M | $3.28M | $2.24M | $7.4M | $5.79M | $5.08M | $1.83M | $2.26M | $5.04M | $4.88M | $3.82M | $5.42M | $5.88M | |
| — | — | — | — | — | — | — | — | $137.75M | $130.1M | $101.95M | $64.84M | $50.81M | $32.93M | $34.83M | $23.28M | $34.59M | $39.85M | $26.33M | |
| $96.02M | $162.65M | $104.25M | $151.33M | $163.96M | $323.31M | $357.91M | $141.68M | $177.63M | $191.66M | $541.14M | $101.26M | $115.97M | $131.1M | $84.24M | $47.97M | $72.3M | $61.69M | $35.61M | |
| — | 20.18% | 12.62% | 18.15% | 19.78% | 42.1% | 48.57% | 19.25% | 24.67% | 27.27% | 81.3% | 16.75% | 20.86% | 25.96% | 17.37% | 11.11% | 16.4% | 13.77% | 8% | |
| $91.17M | $157.25M | $99.76M | $146.23M | $156.57M | $310.79M | $344.91M | $134.43M | $169.34M | $182.87M | $521.79M | $94.57M | $108.46M | $122.95M | $77.09M | $38.68M | $61.79M | $51.78M | $22.08M | |
| $93.23M | $159.36M | $102M | $147.93M | $158.82M | $313.77M | $346.41M | $126.53M | $173.91M | $188.25M | $533.05M | $97.18M | $109.66M | $135.47M | $72.7M | $43.04M | $68.66M | — | — | |
| USD/shares | $0.83 | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $1.30 | $1.64 | $1.78 | $5.30 | $1.00 | $1.20 | $1.44 | $1.02 | $0.54 | $0.86 | $0.76 | $0.37 |
| USD/shares | $0.83 | $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 |
| shares | — | 108.45M | 106.17M | 105.53M | 105.12M | 104.23M | 103.88M | 103.69M | 103.44M | 102.68M | 98.44M | 94.4M | 90.74M | 85.34M | 75.81M | 72.28M | 71.58M | 67.97M | 59.32M |
| shares | — | 110.57M | 108.32M | 107.79M | 107.57M | 107.06M | 106.71M | 106.45M | 106.27M | 105.59M | 101.4M | 97.41M | 93.8M | 88.84M | 79.68M | 76.19M | 75.58M | 72.08M | 63.49M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $2.94B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Peer median 7.51×
EV/EBIT
—
Peer median 27.51×
P/E (TTM)
37.81×
Peer median 43.06×
P/FFO (FY2025)
8.93×
Peer median 9.16×
Peer medians compare against the 14 similar-size REIT - Office companies (of 20 listed).
P/FFO uses the company-stated “Funds from operations”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
P/FFO uses the company-stated “Funds from operations”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Total Reportable Segment | $757,048,000 | $769,079,000 | $776,827,000 | $767,568,000 | — | — | — | — |
| Raleigh, NC | $180,735,000 | $173,156,000 | $181,964,000 | $182,990,000 | — | — | — | — |
| Nashville, TN | $156,603,000 | $169,158,000 | $171,797,000 | $174,341,000 | — | — | — | — |
| Atlanta, GA | $144,957,000 | $146,168,000 | $143,741,000 | $143,904,000 | — | — | — | — |
| Charlotte, NC | $93,392,000 | $88,003,000 | $85,984,000 | $73,721,000 | — | — | — | — |
| Tampa, FL | $88,038,000 | $98,887,000 | $99,421,000 | $94,726,000 | — | — | — | — |
| Orlando, FL | $57,131,000 | $58,442,000 | $58,002,000 | $54,802,000 | — | — | — | — |
| Total Corporate Segment | $49,064,000 | $56,783,000 | $57,170,000 | $61,361,000 | $68,083,000 | $91,127,000 | $74,717,000 | $75,429,000 |
| Richmond, VA | $36,192,000 | $35,265,000 | $35,918,000 | $43,084,000 | — | — | — | — |
| Office Atlanta GA | — | — | $143,741,000 | $143,904,000 | $143,612,000 | $146,704,000 | $151,279,000 | $141,337,000 |
| Office Charlotte NC | — | — | $85,984,000 | $73,721,000 | $49,347,000 | $35,733,000 | $4,650,000 | $0 |
| Office Greensboro NC | — | — | — | — | — | — | $22,154,000 | $22,322,000 |
| Office Memphis TN | — | — | — | — | — | — | $39,494,000 | $40,230,000 |
| Office Nashville TN | — | — | $171,797,000 | $174,341,000 | $149,674,000 | $138,089,000 | $133,867,000 | $121,836,000 |
| Office Orlando FL | — | — | $58,002,000 | $54,802,000 | $51,281,000 | $49,459,000 | $52,679,000 | $53,771,000 |
| Office Pittsburgh PA | — | — | — | — | $57,371,000 | $58,518,000 | $60,755,000 | $61,177,000 |
| Office Raleigh NC | — | — | $181,964,000 | $182,990,000 | $162,115,000 | $128,189,000 | $122,173,000 | $118,352,000 |
| Office Richmond VA | — | — | $35,918,000 | $43,084,000 | $45,941,000 | $48,079,000 | $49,428,000 | $45,729,000 |
| Office Tampa FL | — | — | $99,421,000 | $94,726,000 | $97,954,000 | $99,520,000 | $86,431,000 | $102,404,000 |
| Office Total Segment | — | — | $776,827,000 | $767,568,000 | $699,924,000 | $645,773,000 | $661,262,000 | $644,606,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Total Reportable Segment | $515,504,000 | $523,181,000 | $533,600,000 | $533,008,000 | — | — | — | — |
| Raleigh, NC | $133,868,000 | $126,110,000 | $132,262,000 | $134,904,000 | — | — | — | — |
| Nashville, TN | $111,785,000 | $124,015,000 | $125,417,000 | $129,217,000 | — | — | — | — |
| Atlanta, GA | $87,975,000 | $88,715,000 | $89,700,000 | $92,297,000 | — | — | — | — |
| Charlotte, NC | $67,526,000 | $63,584,000 | $63,921,000 | $55,689,000 | — | — | — | — |
| Tampa, FL | $54,387,000 | $61,284,000 | $62,382,000 | $59,691,000 | — | — | — | — |
| Orlando, FL | $35,425,000 | $35,348,000 | $35,162,000 | $32,331,000 | — | — | — | — |
| Total Corporate Segment | $29,235,000 | $30,508,000 | $31,615,000 | $36,115,000 | $40,518,000 | $55,097,000 | $48,464,000 | $49,341,000 |
| Richmond, VA | $24,538,000 | $24,125,000 | $24,756,000 | $28,879,000 | — | — | — | — |
| Office Atlanta GA | — | — | $89,700,000 | $92,297,000 | $94,122,000 | $95,448,000 | $97,019,000 | $87,503,000 |
| Office Charlotte NC | — | — | $63,921,000 | $55,689,000 | $38,464,000 | $28,431,000 | $3,791,000 | $0 |
| Office Greensboro NC | — | — | — | — | — | — | $14,183,000 | $14,275,000 |
| Office Memphis TN | — | — | — | — | — | — | $24,790,000 | $25,659,000 |
| Office Nashville TN | — | — | $125,417,000 | $129,217,000 | $110,039,000 | $99,901,000 | $97,386,000 | $88,554,000 |
| Office Orlando FL | — | — | $35,162,000 | $32,331,000 | $31,301,000 | $29,546,000 | $32,062,000 | $32,841,000 |
| Office Pittsburgh PA | — | — | — | — | $34,248,000 | $35,631,000 | $36,249,000 | $36,233,000 |
| Office Raleigh NC | — | — | $132,262,000 | $134,904,000 | $121,005,000 | $95,926,000 | $88,402,000 | $86,053,000 |
| Office Richmond VA | — | — | $24,756,000 | $28,879,000 | $31,726,000 | $33,667,000 | $33,756,000 | $31,276,000 |
| Office Tampa FL | — | — | $62,382,000 | $59,691,000 | $64,396,000 | $67,059,000 | $50,339,000 | $65,819,000 |
| Office Total Segment | — | — | $533,600,000 | $533,008,000 | $491,053,000 | $449,978,000 | $439,004,000 | $428,279,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Total Reportable Segment | 68.1% | 68% | 68.7% | 69.4% | — | — | — | — |
| Raleigh, NC | 74.1% | 72.8% | 72.7% | 73.7% | — | — | — | — |
| Nashville, TN | 71.4% | 73.3% | 73% | 74.1% | — | — | — | — |
| Atlanta, GA | 60.7% | 60.7% | 62.4% | 64.1% | — | — | — | — |
| Charlotte, NC | 72.3% | 72.3% | 74.3% | 75.5% | — | — | — | — |
| Tampa, FL | 61.8% | 62% | 62.7% | 63% | — | — | — | — |
| Orlando, FL | 62% | 60.5% | 60.6% | 59% | — | — | — | — |
| Total Corporate Segment | 59.6% | 53.7% | 55.3% | 58.9% | 59.5% | 60.5% | 64.9% | 65.4% |
| Richmond, VA | 67.8% | 68.4% | 68.9% | 67% | — | — | — | — |
| Office Atlanta GA | — | — | 62.4% | 64.1% | 65.5% | 65.1% | 64.1% | 61.9% |
| Office Charlotte NC | — | — | 74.3% | 75.5% | 77.9% | 79.6% | 81.5% | — |
| Office Greensboro NC | — | — | — | — | — | — | 64% | 64% |
| Office Memphis TN | — | — | — | — | — | — | 62.8% | 63.8% |
| Office Nashville TN | — | — | 73% | 74.1% | 73.5% | 72.3% | 72.7% | 72.7% |
| Office Orlando FL | — | — | 60.6% | 59% | 61% | 59.7% | 60.9% | 61.1% |
| Office Pittsburgh PA | — | — | — | — | 59.7% | 60.9% | 59.7% | 59.2% |
| Office Raleigh NC | — | — | 72.7% | 73.7% | 74.6% | 74.8% | 72.4% | 72.7% |
| Office Richmond VA | — | — | 68.9% | 67% | 69.1% | 70% | 68.3% | 68.4% |
| Office Tampa FL | — | — | 62.7% | 63% | 65.7% | 67.4% | 58.2% | 64.3% |
| Office Total Segment | — | — | 68.7% | 69.4% | 70.2% | 69.7% | 66.4% | 66.4% |
Key facts
CIK
921082
CUSIP
431284108
13F (30d)
292 filings
275 filers
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