YOLFTbeta
Highwoods Properties Inc

Highwoods Properties Inc

HIW · NYSE · Real Estate / REIT - Office

31.07USD+0.14 (+0.45%)

Price History

Full chart

Market Stats

Previous Close30.93
Open31.06
Day Range30.76 – 31.13
52-Week Range19.73 – 34.88
Volume813.40K
Market Cap3.38B
P/E (TTM)19.93
Forward P/E65.79
EPS1.51
Dividend Yield6.66%
Beta1.06
50-Day Avg31.66
200-Day Avg27.04

About

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. The firm's vision is to be a leader in the evolution of commercial real estate for the benefit of customers, their communities and those who invest with them. Highwood Properties' mission is to create environments and experiences that inspire their teammates and their customers to achieve more together. They are in the work-placemaking business and believe that by creating exceptional environments and experiences, they can deliver greater value to customers, their teammates and, in turn, their shareholders. Highwoods Properties, Inc., is headquarters in Raleigh. Highwoods Properties, Inc. was incorporated in 1978 in Maryland, USA.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Theodore J. Klinck
  • Employees315
  • Headquarters150 Fayetteville Street, Raleigh, NC, United States, 27601, USA
  • Websitehttps://www.highwoods.com

Leadership

  • Mr. Theodore J. KlinckPresident, CEO & Director · b. 1966
  • Mr. Brendan C. MaioranaExecutive VP & CFO · b. 1976
  • Mr. Brian M. LearyExecutive VP & COO · b. 1975
  • Mr. Jeffrey D. Miller J.D.Executive VP, General Counsel & Secretary · b. 1971
  • Mr. Carman J. LiuzzoSenior Vice President of Investments · b. 1961
  • Mr. Daniel L. Clemmens CPASenior VP & Chief Accounting Officer
  • Mr. Ryan HuntVP & Chief Information Officer · b. 1978
  • Mr. Thomas S. Hill IIISenior VP & Market Leader
  • Mr. Steven J. GarritySenior VP & Market Leader
  • Alex ChambersSenior VP & Market Leader

Financials

Income Statement

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue19.40M73.50M137.93M274.47M514.19M584.93M566.43M540.62M454.22M422.06M422.06M410.70M416.80M437.06M461.00M454.03M463.32M482.85M516.10M556.81M608.47M604.67M665.63M702.74M720.03M735.98M736.90M768.01M828.93M834.00M825.86M806.11M
Growth (%)-+278.87%+87.65%+99.00%+87.34%+13.76%-3.16%-4.56%-15.98%-7.08%0.00%-2.69%+1.48%+4.86%+5.48%-1.51%+2.05%+4.22%+6.89%+7.89%+9.28%-0.62%+10.08%+5.57%+2.46%+2.21%+0.13%+4.22%+7.93%+0.61%-0.98%-2.39%
Cost of Revenue------301.07M297.41M270.05M147.38M147.38M17.81M153.59M157.26M165.73M164.25M164.39M176.15M187.43M203.34M225.50M215.94M231.09M236.89M242.41M248.51M231.82M236.44M259.81M268.78M272.17M261.37M
Gross Profit19.40M73.50M137.93M274.47M514.19M584.93M566.43M540.62M454.22M274.68M274.68M392.89M263.21M279.80M295.27M289.77M298.93M306.70M328.67M353.47M382.96M388.73M434.55M465.85M477.62M487.47M505.07M531.57M569.12M565.22M553.69M544.74M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%65.08%65.08%95.66%63.15%64.02%64.05%63.82%64.52%63.52%63.68%63.48%62.94%64.29%65.28%66.29%66.33%66.23%68.54%69.21%68.66%67.77%67.04%67.58%
Operating Expense-7.70M-28.10M57.41M124.28M246.03M286.42M279.21M276.01M297.33M154.04M154.04M284.26M154.84M164.53M164.81M254.60M168.74M267.36M282.46M300.26M232.25M239.56M258.29M267.48M269.96M298.57M282.62M299.81M329.88M342.27M340.95M335.26M
Operating Income27.10M101.60M80.52M150.19M268.16M298.51M287.22M264.61M156.89M120.64M120.64M108.63M108.36M115.26M130.46M35.17M130.19M39.35M46.21M53.21M150.72M149.17M176.26M198.37M207.66M188.90M222.46M231.76M239.25M222.95M212.74M209.48M
Operating Margin139.69%138.23%58.38%54.72%52.15%51.03%50.71%48.95%34.54%28.58%28.58%26.45%26.00%26.37%28.30%7.75%28.10%8.15%8.95%9.56%24.77%24.67%26.48%28.23%28.84%25.67%30.19%30.18%28.86%26.73%25.76%25.99%
EBITDA30.40M114.30M104.52M199.98M362.46M413.68M347.83M335.83M888.40M245.12M534.29M216.93M151.40M177.57M250.40M167.32M235.01M269.54M294.75M317.24M311.61M387.53M342.69M419.50M407.58M477.83M680.46M668.42M556.95M587.45M550.50M610.04M
EBITDA Margin156.70%155.51%75.78%72.86%70.49%70.72%61.41%62.12%195.59%58.08%126.59%52.82%36.32%40.63%54.32%36.85%50.72%55.82%57.11%56.97%51.21%64.09%51.48%59.69%56.61%64.93%92.34%87.03%67.19%70.44%66.66%75.68%
Net Income5.60M23.10M39.32M71.68M125.65M138.09M133.49M131.21M93.46M55.70M55.70M62.46M53.74M90.75M31.99M58.49M68.50M45.13M79.59M125.46M110.96M97.08M524.29M185.37M171.84M136.92M347.40M313.28M159.06M148.72M102.25M159.61M
Net Income Margin28.87%31.43%28.51%26.12%24.44%23.61%23.57%24.27%20.58%13.20%13.20%15.21%12.89%20.76%6.94%12.88%14.78%9.35%15.42%22.53%18.24%16.05%78.77%26.38%23.86%18.60%47.14%40.79%19.19%17.83%12.38%19.80%
R&D----------------0000000.590.260.240.180.480.410.20.18--
R&D as % of Total Revenue----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense000000000114.27M114.27M591.00K0100.34M98.49M86.87M93.37M96.00M96.11M92.70M85.13M86.05M76.65M69.11M71.42M81.65M80.96M85.85M105.39M136.71M147.20M152.43M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%27.07%27.07%0.14%0.00%22.96%21.36%19.13%20.15%19.88%18.62%16.65%13.99%14.23%11.52%9.83%9.92%11.09%10.99%11.18%12.71%16.39%17.82%18.91%

Balance Sheet

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets224.80M621.10M1.44B2.72B4.31B4.02B3.70B3.65B3.40B3.33B3.33B2.91B2.84B2.93B2.95B2.89B2.87B3.18B3.35B3.81B4.00B4.49B4.56B4.62B4.68B5.14B5.21B5.70B6.06B6.00B6.03B6.27B
Total Liabilities66.90M193.80M583.48M1.03B2.14B1.88B1.70B1.84B1.65B1.67B1.67B1.63B1.66B1.83B1.77B1.62B1.66B2.08B2.06B2.20B2.33B2.75B2.26B2.24B2.30B2.83B2.74B3.08B3.50B3.52B3.60B3.84B
Total Equity136.20M353.80M770.35M1.40B1.90B1.89B1.79B1.61B1.56B1.66B1.49B1.18B1.11B1.02B1.10B1.13B1.21B1.10B1.16B1.48B1.67B1.75B2.30B2.38B2.37B2.31B2.47B2.61B2.56B2.43B2.36B2.38B
Cash-6.80M11.07M10.15M31.45M34.50M104.78M576.00K11.02M18.56M18.56M1.21M16.69M3.14M13.76M23.70M14.21M11.19M13.78M10.18M8.83M5.04M49.49M3.27M3.77M9.51M109.32M23.15M21.36M25.12M22.41M27.36M
Total Debt66.90M182.70M555.88M978.56M2.01B1.77B1.59B1.72B1.53B1.56B1.56B1.51B1.50B1.68B1.64B1.47B1.52B1.90B1.87B1.97B4.15B4.99B3.90B2.01B2.09B2.54B2.62B3.00B3.20B3.21B3.29B3.64B
Net Debt66.90M175.90M544.81M968.41M1.98B1.73B1.48B1.72B1.52B1.54B1.54B1.50B1.48B1.67B1.63B1.45B1.51B1.89B1.86B1.96B2.07B2.49B1.90B2.01B2.08B2.53B2.36B2.77B3.18B3.19B3.27B3.61B

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow13.20M43.20M71.32M130.19M263.43M232.95M256.40M247.56M201.49M153.25M153.25M154.13M145.53M161.66M157.82M189.12M190.54M195.40M193.42M256.44M266.91M288.88M305.81M352.53M358.63M365.80M358.16M414.56M421.78M393.56M403.58M367.31M
Investing Cash Flow-107.90M-136.00M-486.87M-524.28M-1.04B160.03M286.21M-139.65M195.59M117.92M65.51M200.93M64.73M-150.70M-134.34M-61.82M-78.16M-215.48M-238.81M-356.60M-328.18M-654.16M203.89M-256.22M-306.75M-607.41M110.68M-287.68M-614.80M-175.96M-302.44M-448.77M
Financing Cash Flow100.50M93.40M419.78M393.17M797.95M-389.93M-472.33M-212.12M-386.63M-211.22M-211.22M-378.33M-194.78M-24.51M-12.86M-117.35M-121.88M17.07M47.99M96.57M59.91M361.48M-465.24M-142.53M-130.07M246.21M-294.34M-284.93M187.93M-205.75M-99.04M90.83M
Capital Expenditure17.10M130.40M181.44M465.07M943.45M511.06M423.25M351.98M130.87M203.36M203.36M167.76M222.03M287.49M231.42M151.48M102.72M184.57M269.85M418.80M163.64M408.63M110.25M1.84M50.65M424.22M2.36M383.14M269.29M176.60M184.83M200.75M
Free Cash Flow-3.90M-87.20M-110.13M-334.87M-680.01M-278.11M-166.84M-104.42M70.61M-50.10M-50.10M-13.63M-76.50M-125.83M-73.60M37.64M87.82M10.83M-76.43M-162.36M103.27M-119.75M195.56M350.69M307.98M-58.42M355.80M414.56M421.78M216.95M403.58M166.56M
Dividends Paid5.00M29.80M55.52M100.12M166.98M186.67M184.47M174.39M172.03M142.66M142.66M128.72M118.85M117.19M116.76M121.14M128.35M127.30M131.16M148.47M156.67M162.84M169.36M264.50M193.79M199.42M201.82M206.67M212.67M213.51M214.84M219.09M
FCF to OCF-29.55%-201.85%-154.42%-257.22%-258.14%-119.38%-65.07%-42.18%35.05%-32.69%-32.69%-8.84%-52.57%-77.83%-46.63%19.90%46.09%5.54%-39.52%-63.31%38.69%-41.46%63.95%99.48%85.88%-15.97%99.34%100.00%100.00%55.13%100.00%45.35%
Dividend Paid to FCF-128.21%-34.17%-50.41%-29.90%-24.56%-67.12%-110.56%-167.01%243.61%-284.71%-284.71%-944.39%-155.34%-93.14%-158.64%321.85%146.15%1175.42%-171.61%-91.45%151.71%-135.98%86.61%75.42%62.92%-341.33%56.72%49.85%50.42%98.41%53.23%131.54%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Nov 3, 1999Dec 31, 1999Apr 28, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Aug 8, 2001Nov 8, 2001Feb 21, 2002May 1, 2002Aug 7, 2002Nov 7, 2002Feb 26, 2003Apr 25, 2003Aug 1, 2003Oct 30, 2003Feb 24, 2004May 5, 2004Aug 15, 2004Nov 18, 2004Feb 23, 2005Aug 15, 2005Nov 15, 2005Jun 5, 2006Jul 19, 2006Nov 2, 2006Feb 14, 2007May 1, 2007Aug 1, 2007Oct 30, 2007Feb 12, 2008May 1, 2008Jul 29, 2008Oct 29, 2008Feb 11, 2009Apr 28, 2009Jul 29, 2009Oct 28, 2009Feb 11, 2010Apr 28, 2010Jul 28, 2010Oct 28, 2010Feb 9, 2011May 2, 2011Jul 27, 2011Oct 27, 2011Feb 7, 2012May 1, 2012Jul 26, 2012Oct 30, 2012Feb 12, 2013Apr 30, 2013Jul 25, 2013Oct 29, 2013Feb 10, 2014Apr 29, 2014Jul 29, 2014Oct 28, 2014Feb 10, 2015Apr 28, 2015Aug 4, 2015Oct 27, 2015Feb 9, 2016Apr 26, 2016Aug 2, 2016Oct 25, 2016Feb 7, 2017Apr 25, 2017Jul 25, 2017Oct 24, 2017Feb 5, 2018Apr 24, 2018Jul 24, 2018Oct 23, 2018Feb 5, 2019Apr 23, 2019Jul 23, 2019Oct 22, 2019Feb 3, 2020Apr 28, 2020Jul 28, 2020Oct 27, 2020Feb 9, 2021Apr 27, 2021Jul 27, 2021Oct 26, 2021Feb 8, 2022Apr 26, 2022Jul 26, 2022Oct 25, 2022Feb 7, 2023Apr 25, 2023Jul 25, 2023Oct 24, 2023Feb 6, 2024Apr 23, 2024Jul 23, 2024Oct 22, 2024Feb 11, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Feb 10, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate------0.88-0.88----0.330.480.750.300.340.27-0.05-0.020.02-0.01-0.06-0.02-0.060.370.090.020.070.060.170.090.080.070.140.140.130.160.200.120.14-0.180.160.140.160.230.170.130.210.190.210.160.180.200.160.200.190.170.200.200.220.200.240.230.240.280.270.270.300.250.310.320.340.250.320.300.310.260.260.310.350.350.310.360.380.280.330.260.320.300.320.290.260.180.250.200.300.210.180.160.080.320.160.140.120.100.860.88
EPS Actual0.450.440.440.400.450.440.480.420.550.060.500.580.530.510.490.280.360.340.190.190.020.05-0.010.100.130.250.200.010.020.010.030.100.040.180.200.070.080.100.210.200.190.210.170.190.10-0.040.140.150.090.130.140.130.060.190.160.150.140.180.140.180.210.190.130.250.170.210.210.260.330.240.100.320.320.250.250.350.550.270.310.320.310.340.070.320.280.290.300.340.280.280.330.340.310.290.340.480.280.260.290.210.210.090.170.260.13-0.090.910.170.140.080.130.90-
Surprise-------45.45%--37.50%----54.55%2.08%-62.67%20.00%0.00%-29.63%--60.00%--150.00%400.00%1400.00%516.67%1100.00%--66.67%-97.30%-66.67%400.00%-42.86%200.00%17.65%-22.22%0.00%42.86%50.00%42.86%46.15%31.25%-15.00%58.33%-28.57%--22.22%-6.25%-35.71%-18.75%-39.13%-23.53%-53.85%-9.52%-15.79%-28.57%-12.50%0.00%-30.00%12.50%5.00%0.00%-23.53%25.00%-15.00%-4.55%5.00%8.33%43.48%0.00%-64.29%18.52%18.52%-16.67%0.00%12.90%71.88%-20.59%24.00%0.00%3.33%9.68%-73.08%23.08%-9.68%-17.14%-14.29%9.68%-22.22%-26.32%17.86%3.03%19.23%-9.38%13.33%50.00%-3.45%0.00%61.11%-16.00%5.00%-70.00%-19.05%44.44%-18.75%-212.50%184.38%6.25%0.00%-33.33%30.00%4.65%-
Timing------After-hours-After-hours-------After-hoursAfter-hoursAfter-hours-Pre-market-After-hoursAfter-hours-------After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours---After-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.38B
Enterprise Value6.79B
Trailing P/E19.93
Forward P/E65.79
PEG Ratio7.77
Price / Sales4.03
Price / Book1.43
EPS1.51
Book Value21.44
Revenue (TTM)838.86M
Gross Profit (TTM)564.90M
EBITDA482.68M
Profit Margin20.11%
Operating Margin26.33%
Return on Equity6.82%
Return on Assets2.18%
Shares Outstanding110.31M
Shares Float108.82M
Beta1.06
Dividend Yield6.66%
Dividend Rate2.00
Payout Ratio1.60%

Analyst Ratings

Hold
Based on 10 analystsTarget 32.33
  • Strong Buy
    3
  • Hold
    6
  • Strong Sell
    1

Ownership Breakdown

Institutions
120.79%
Insiders
1.31%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    17.56M15.92%
  • Cohen & Steers Inc
    16.83M15.26%
  • Vanguard Portfolio Management, LLC
    11.73M10.64%
  • State Street Corp
    6.82M6.18%
  • Massachusetts Financial Services Company
    5.65M5.12%
  • Vanguard Capital Management, LLC
    4.88M4.42%
  • T. Rowe Price Investment Management,Inc.
    3.48M3.15%
  • AEW Capital Management LP
    2.40M2.18%
  • Geode Capital Management, LLC
    2.25M2.04%
  • Charles Schwab Investment Management Inc
    2.18M1.98%
  • Daiwa Securities Group Inc
    2.10M1.91%
  • Quantinno Capital Management LP
    1.81M1.64%
  • HHG PLC
    1.64M1.49%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    6.72M6.10%
  • Cohen & Steers Instl Realty Shares
    4.25M3.85%
  • Vanguard Real Estate Index Investor
    4.15M3.76%
  • Cohen & Steers Realty Shares L
    3.97M3.60%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.51M3.18%
  • iShares Russell 2000 ETF
    2.86M2.59%
  • Vanguard Small Cap Index
    2.54M2.30%

Dividends

20263×
0.50Aug 17, 20260.50May 18, 20260.50Feb 17, 2026
20254×
0.50Nov 17, 20250.50Aug 18, 20250.50May 19, 20250.50Feb 18, 2025
20244×
0.50Nov 18, 20240.50Aug 19, 20240.50May 17, 20240.50Feb 16, 2024
20234×
0.50Nov 17, 20230.50Aug 18, 20230.50May 19, 20230.50Feb 17, 2023
20224×
0.50Nov 18, 20220.50Aug 19, 20220.50May 20, 20220.50Feb 18, 2022
20214×
0.50Nov 12, 20210.50Aug 13, 20210.48May 14, 20210.48Feb 12, 2021
20201×
0.48Nov 13, 2020