Highwoods Properties, Inc. (HIW) — Financial statements
Income statement, balance sheet, and cash flow for Highwoods Properties, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 806↓2.4% | 826↓1.0% | 834↑0.6% | 829↑7.9% | 768 | |
| Cost of Revenue | 261↓4.0% | 272↑1.3% | 269↑3.5% | 260↑9.9% | 236 | |
| Gross Profit | 545↓1.6% | 554↓2.0% | 565↓0.7% | 569↑7.1% | 532 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 40↓3.8% | 42↓2.2% | 43↑1.4% | 42↑4.2% | 41 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 40↓3.8% | 42↓2.2% | 43↑1.4% | 42↑4.2% | 41 | |
| Other Expenses | 295↓1.4% | 299↓0.1% | 299↑4.1% | 288↑10.9% | 259 | |
| Operating Expenses | 335↓1.7% | 341↓0.4% | 342↑3.8% | 330↑10.0% | 300 | |
| Total Costs & Expenses | 597↓2.7% | 613↑0.3% | 611↑3.6% | 590↑10.0% | 536 | |
| Operating Results | ||||||
| Operating Income | 209↓1.5% | 213↓4.6% | 223↓6.8% | 239↑3.2% | 232 | |
| Depreciation & Amortization | 295↓1.4% | 299↓0.1% | 299↑4.1% | 288↑10.9% | 259 | |
| EBITDA | 610↑10.8% | 550↓6.3% | 587↑5.5% | 557↓16.7% | 668 | |
| EBIT | 315↑25.3% | 251↓12.7% | 288↑6.9% | 269↓34.2% | 409 | |
| Interest & Other Income | ||||||
| Net Interest Income | -152↓3.6% | -147↓7.7% | -137↓29.7% | -105↓22.8% | -86 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 152↑3.6% | 147↑7.7% | 137↑29.7% | 105↑22.8% | 86 | |
| Non-Operating Income | -106↓172.8% | -39↑40.5% | -65↓116.3% | -30↑83.0% | -177 | |
| Other Income / Expenses | -47↑56.8% | -108↓51.5% | -72↑4.9% | -75↓182.2% | 92 | |
| Income Before Tax | 163↑56.0% | 104↓31.1% | 151↓7.7% | 164↓49.3% | 323 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 163↑56.0% | 104↓31.1% | 151↓7.7% | 164↓49.3% | 323 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 160↑56.1% | 102↓31.2% | 149↓6.5% | 159↓49.2% | 313 | |
| Bottom-Line Net Income | 160↑57.5% | 102↓31.9% | 149↓6.8% | 160↓49.8% | 319 | |
| EPS (Basic) | 1.45↑54.3% | 0.94↓32.4% | 1.39↓6.7% | 1.49↓50.0% | 2.98 | |
| EPS (Diluted) | 1.45↑54.3% | 0.94↓32.4% | 1.39↓6.7% | 1.49↓50.0% | 2.98 | |
| Weighted Average Shares | 108↑2.2% | 106↑0.6% | 106↑0.4% | 105↑0.9% | 104 | |
| Weighted Average Diluted Shares | 111↑2.1% | 108↑0.5% | 108↑2.5% | 105↓1.8% | 107 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.