Highwoods Properties Quarterly Cash Flow Statement
NYSE: HIWReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Highwoods Properties free cash flow
In the quarter ended Mar 31, 2026, Highwoods Properties generated $62.8 million of operating cash flow and spent $1.4 million on capital expenditures. That left free cash flow of $61.4 million, a free-cash-flow margin of 28.7% of revenue. Free cash flow was up 32.6% from the prior year's $46.3 million.
Highwoods Properties returned $55.0 million to shareholders through dividends, equal to 89% of free cash flow. Free cash flow covered dividend payments 1.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
Highwoods Properties cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 33.37M | 29.72M | 13.71M | 19.22M | 100.00M | -3.20M | 15.47M | 64.77M | 27.21M | 39.34M | 23.17M | 43.87M |
| Net Income growth (YoY) | -66.64% | — | -11.39% | -70.32% | +267.47% | -108.13% | -33.24% | +47.64% | -39.46% | +34.97% | -42.23% | -16.60% |
| Depreciation & Amortization | 77.54M | 74.97M | 73.90M | 74.68M | 71.41M | 72.51M | 79.12M | 73.75M | 73.67M | 79.00M | 74.77M | 75.02M |
| Stock-Based Compensation | 6.45M | 763.00K | 1.20M | 1.30M | 4.97M | 999.00K | 1.00M | 1.10M | 4.83M | 830.00K | 800.00K | 800.00K |
| Change in Working Capital | -4.36M | 4.14M | 1.58M | -1.56M | -505.00K | -754.00K | 5.96M | 13.00K | -5.77M | 3.91M | 3.21M | -5.16M |
| Operating Cash Flow | 62.85M | 99.68M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 102.79M | 103.05M | 115.45M |
| Capital Expenditures | -1.44M | -1.98M | -1.37M | -593.00K | 0 | 0 | 0 | -1.59M | -2.56M | -7.67M | -7.52M | -8.72M |
| Investing Cash Flow | -340.17M | -201.31M | -157.20M | -54.95M | -27.21M | -97.47M | -149.00M | 5.72M | -61.69M | -38.72M | -62.79M | 6.36M |
| Dividends Paid | -54.96M | -54.95M | -54.04M | -53.92M | -53.82M | -53.48M | -53.01M | -53.00M | -52.87M | -52.85M | -52.84M | -52.72M |
| Debt Issued | — | 348.28M | — | — | — | 0 | 0 | 0 | 0 | 390.35M | 0 | 0 |
| Debt Repaid | -1.73M | -1.71M | -33.29M | -1.96M | -1.91M | -1.82M | -1.76M | -1.75M | -1.73M | -201.71M | -1.69M | -1.67M |
| Financing Cash Flow | 286.91M | 102.93M | 62.27M | -61.09M | -13.28M | -6.51M | 48.64M | -126.16M | -15.01M | -53.21M | -41.91M | -121.09M |
| Net Change in Cash | 9.58M | 1.31M | 1.74M | 494.00K | 5.84M | -256.00K | -2.87M | 9.52M | -4.28M | 10.86M | -1.65M | 727.00K |
| Free Cash Flow | 61.41M | 97.71M | 95.29M | 115.94M | 46.32M | 103.73M | 97.49M | 128.36M | 69.85M | 95.12M | 95.53M | 106.73M |
This table shows 12 quarterly periods of Highwoods Properties's cash flow statement, from Q1 2026 back to Q2 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow HIW's reporting calendar. What is a cash flow statement?