Highwoods Properties Financial Statements
NYSE: HIWReal EstateREIT - OfficeUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Highwoods Properties revenue and earnings
In fiscal 2025, Highwoods Properties generated $806.1 million in revenue, down 2.4% from fiscal 2024, its first annual decline since 2024. Net income was $162.7 million (+56.0% year over year), for a net margin of 20.2% versus a median of 19.8% in the prior 5 years. Operating margin was 67.6%.
Diluted earnings per share came in at $1.45, up from $0.94. Over the last 5 fiscal years, HIW's revenue has grown at a 1.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Highwoods Properties income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 806.11M | 825.86M | 834.00M | 828.93M | 768.01M | 736.90M | 735.98M | 720.03M | 702.74M | 561.24M |
| Revenue growth (YoY) | -2.39% | -0.98% | +0.61% | +7.93% | +4.22% | +0.13% | +2.21% | +2.46% | +25.21% | +9.21% |
| Operating Expenses | 605.43M | 637.72M | 611.05M | 626.20M | 536.24M | 516.22M | 552.93M | 512.80M | 505.81M | 489.38M |
| Operating Income | 544.74M | 553.69M | 565.22M | 569.12M | 531.57M | 505.07M | 487.47M | 477.62M | 465.85M | 434.55M |
| Interest Expense | 152.43M | 147.20M | 136.71M | 105.39M | 85.85M | 80.96M | 81.65M | 71.42M | 69.11M | 76.65M |
| Other Income (Expense) | 9.59M | 12.34M | 4.43M | 1.53M | 1.39M | -1.71M | -2.51M | 1.94M | 2.28M | 2.34M |
| Pretax Income | — | — | — | — | — | — | — | 137.75M | 130.10M | 101.95M |
| Net Income | 162.65M | 104.25M | 151.33M | 163.96M | 323.31M | 357.91M | 141.68M | 177.63M | 191.66M | 541.14M |
| Net Income growth (YoY) | +56.01% | -31.11% | -7.70% | -49.29% | -9.67% | +152.62% | -20.24% | -7.32% | -64.58% | +434.41% |
| EPS (Basic) | 1.45 | 0.94 | 1.39 | 1.49 | 2.98 | 3.32 | 1.30 | 1.64 | 1.78 | 5.30 |
| EPS (Diluted) | 1.45 | 0.94 | 1.39 | 1.49 | 2.98 | 3.32 | 1.30 | 1.64 | 1.78 | 5.30 |
| Shares Outstanding (Basic) | 108.45M | 106.17M | 105.53M | 105.12M | 104.23M | 103.88M | 103.69M | 103.44M | 102.68M | 98.44M |
| Shares Outstanding (Diluted) | 110.57M | 108.32M | 107.78M | 107.57M | 107.06M | 106.71M | 106.44M | 106.27M | 105.59M | 101.40M |
| EBITDA | 839.69M | 852.74M | 864.63M | 856.73M | 790.83M | 746.66M | 741.97M | 707.58M | 693.68M | 654.69M |
| Operating Margin | 67.58% | 67.04% | 67.77% | 68.66% | 69.21% | 68.54% | 66.23% | 66.33% | 66.29% | 77.43% |
| Net Margin | 20.18% | 12.62% | 18.15% | 19.78% | 42.10% | 48.57% | 19.25% | 24.67% | 27.27% | 96.42% |
This table shows 10 annual periods of Highwoods Properties's income statement, from FY 2025 back to FY 2016, across 14 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow HIW's reporting calendar. What is a income statement?