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HIW

Highwoods Properties, Inc.

Price Chart
Latest Quote

$28.91

-0.62 (-2.10%)
Current Price
Previous Close $29.53
Open $29.56
Day High $29.82
Day Low $28.75
Volume 1,532,866
Fetched: 2026-06-24T21:28:36
Stock Information
Quarterly Dividend / Yield $2.00 / 6.77%
Shares Outstanding 110.27M
Quarterly Dividend Yield 6.77%
Quarterly Dividend $2.00
Total Debt $3.70B
Cash Equivalents $32.42M
Revenue $823.80M
Net Income $91.17M
Sector Real Estate
Industry REIT - Office
Market Cap $3.25B
P/E Ratio 34.83
EPS (TTM) $0.83
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$7.20B
Sales$823.80M
Income$91.17M
Book/sh$21.24
Cash/sh$0.29
Employees315
Financial Ratios
Quick Ratio1.48
Current Ratio1.56
Debt/Eq141.68
EPS Growth TTM-67.40%
Returns & Margins
ROA2.11%
ROE3.77%
Gross Margin67.53%
Operating Margin25.31%
Profit Margin11.35%
Ownership
Insider Ownership1.31%
Institutional Ownership110.07%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E38.04
PEG7.77
P/S3.94
P/B1.36
Analyst Data
Recommendationnone
Target Price$25.78
Technical Indicators
SMA20$28.37
SMA50$25.97
SMA200$25.58
RSI65.12
ATR0.9400
Shares Float107.91M
Short Float8.45%
Short Ratio4.08
Volatility1.11
Rel Volume0.89
Performance History
Week-1.83%
Month+12.71%
Quarter+40.02%
6 Months+18.66%
YTD+16.46%
Year-0.67%
3 Years+59.10%
5 Years-12.71%
10 Years+2.88%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-24 $28.91 1,533,299
2026-06-23 $29.53 1,149,300
2026-06-22 $29.38 1,249,800
2026-06-18 $29.28 2,160,400
2026-06-17 $28.62 1,617,400
2026-06-16 $29.45 1,902,500
2026-06-15 $29.47 1,661,200
2026-06-12 $29.84 1,335,000
2026-06-11 $30.25 2,035,300
2026-06-10 $30.20 3,089,200
2026-06-09 $29.80 3,006,300
2026-06-08 $28.49 1,765,000
2026-06-05 $27.88 1,272,700
2026-06-04 $27.60 1,696,500
2026-06-03 $26.96 1,347,300
2026-06-02 $26.86 1,221,200
2026-06-01 $26.39 1,400,100
2026-05-29 $26.10 2,789,400
2026-05-28 $26.07 839,600
2026-05-27 $26.27 1,267,500
2026-05-26 $26.27 1,174,400
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. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. Highwoods Properties, Inc. is headquartered in Raleigh. Highwoods Properties, Inc. was incorporated in 1978 in Maryland, USA.

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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
Fetched: 2026-06-23
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
Fetched: 2026-06-23
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 - - - -
Fetched: 2026-06-23