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  5. Income Statement
Highwoods Properties logo
Highwoods Properties HIW
$ 31.49 -0.63%
report update icon

Quarterly report 2025-Q4
added 10-27-2026

Highwoods Properties Income Statement 2025-2007 | HIW

Brief overview of financial results at Highwoods Properties

The overview follows changes across a five-year period. Revenue reported by Highwoods Properties was 737 million dollars at the beginning of the period and 806 million dollars at the end. The total change was +9.4%, with a CAGR of approximately 1.8%. The business did not achieve meaningful top-line expansion.

Over the period, EBITDA shifted from 747 million dollars to 840 million dollars, a change of +12.5%. The operating result changed at a rate similar to sales. The EBITDA share of revenue changed from 101.3% to 104.2%. The company improved its ability to convert sales into EBITDA.

The five-year change in net income was −54.6%: from 358 million dollars to 163 million dollars. The decline reduces the quality of the financial trajectory.

Over the period, capitalization shifted from 3.9 billion dollars to 2.8 billion dollars (−27.9%). The negative valuation trend points to increased investor caution.

What the figures show

The current trajectory does not yet confirm a sustainable recovery. The strongest signals are higher operating efficiency. The weaker side of the profile includes declining capitalization, a softer top-line trend and declining net profitability. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement Highwoods Properties

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

 2.83 B 3.07 B 2.29 B 3.16 B 4.49 B 3.93 B 5.25 B 4.57 B 4.85 B 5.07 B 3.99 B 4.26 B 3.16 B 2.7 B 2.37 B 2.07 B 1.6 B 2.1 B -

Shares

 108 M 106 M 106 M 105 M 104 M 104 M 104 M 103 M 103 M 98.4 M 94.4 M 90.7 M 85.3 M 75.8 M 72.3 M 71.6 M 68 M 59.3 M -

Historical Prices

 26.1 28.9 21.7 30 43.1 37.8 40.3 39.9 35.2 40.5 32.4 32.6 25.9 23.9 19.9 28.9 23.6 35.4 42.8

Net Income

 163 M 104 M 151 M 164 M 323 M 358 M 137 M 172 M 185 M 524 M 97.1 M 111 M 125 M 79.6 M 45.1 M 72.3 M 61.7 M 35.6 M -

Revenue

 806 M 826 M 834 M 829 M 768 M 737 M 736 M 720 M 703 M 666 M 605 M 608 M 557 M 516 M 483 M - - - -

Gross Profit

 - - - - - - 487 M 478 M 466 M 435 M 389 M 383 M 353 M 329 M 307 M - - - -

Operating Income

 545 M 554 M 565 M 569 M 532 M 505 M 487 M 478 M 466 M 435 M 389 M 350 M 321 M 308 M 275 M 285 M 286 M - -

Interest Expense

 152 M 147 M 137 M 105 M 85.9 M 81 M 81.6 M 71.4 M 69.1 M 76.6 M 86.1 M 85.1 M 91.9 M 96.1 M 95.5 M 93 M 86.8 M 98.5 M -

EBITDA

 840 M 853 M 865 M 857 M 791 M 747 M 443 M 438 M 426 M 396 M 351 M 347 M 316 M 291 M 271 M 415 M 416 M 123 M -

Operating Expenses

 605 M 638 M 611 M 626 M 536 M 516 M 299 M 270 M 267 M 258 M 240 M 232 M 214 M 194 M 179 M 319 M 331 M 324 M -

General and Administrative Expenses

 40.3 M 41.9 M 42.9 M 42.3 M 40.6 M 41 M 44.1 M 40 M 39.6 M 38.2 M 37.6 M 36.2 M 37.2 M 37.4 M 35.7 M 32.9 M 36.7 M 38 M -

All numbers in USD currency

Quarterly Income Statement Highwoods Properties

2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2

Shares

 110 M 110 M 108 M 108 M 108 M 108 M 106 M 106 M 106 M 106 M 106 M 105 M 105 M 105 M 105 M 105 M 105 M 105 M 104 M 104 M 104 M 104 M 104 M 104 M 104 M 104 M 104 M 104 M 104 M 104 M 103 M 103 M 103 M 103 M 103 M 102 M 102 M 102 M 99 M 97.6 M 96.4 M 96.1 M 94.7 M 94.1 M 93.2 M 92.9 M 90.7 M 90.3 M 90 M 89.9 M 87.5 M 82.8 M 81 M 80.3 M 76.6 M 74.7 M 72.8 M 72.6 M 72.5 M 72.2 M 71.8 M - 71.6 M 71.6 M

Net Income

 33.4 M - 13.7 M 19.2 M 100 M - 15.5 M 64.8 M 27.2 M - 23.2 M 43.9 M 45 M - 40.1 M 52.6 M 42.1 M - 75.6 M 61.8 M 56.9 M 82.1 M 42.3 M 39 M 191 M 59.9 M 29.6 M 41.4 M 8.39 M 53 M 35 M 53 M 34.2 M 56.6 M 59.5 M 39.6 M 33.5 M 25.4 M 33.8 M 33.5 M 447 M 20.4 M 31.6 M 26.9 M 20.8 M 21.9 M 54.3 M 24.5 M 13.6 M 29.7 M 56.1 M 29.6 M 13.8 M 14.1 M 35.8 M 14.5 M 18.3 M 11.4 M 8.24 M 14.4 M 12.4 M 9.02 M 8.77 M 40 M

Revenue

 214 M - 202 M 201 M 200 M - 204 M 205 M 211 M - 207 M 207 M 213 M - 207 M 204 M 206 M - 195 M 186 M 184 M 180 M 181 M 183 M 193 M 192 M 187 M 184 M 172 M 181 M 179 M 179 M 180 M - 5.05 M 755 K 955 K - 2.81 M 917 K 1.28 M - 780 K 1.78 M 1.81 M - 248 K 667 K -29 K - -3.17 M 913 K 436 K - 1.32 M 1.51 M -162 K - 1.11 M 1.35 M 1.47 M - - -

Operating Income

 143 M - 136 M 137 M 135 M - 139 M 140 M 141 M - 140 M 141 M 147 M - 141 M 141 M 145 M - 135 M 129 M 128 M - 124 M 128 M 131 M - 123 M 124 M 112 M - 118 M 119 M 121 M - 119 M 118 M 112 M - 108 M 109 M 107 M - 96.3 M 96.2 M 92.7 M - 95.2 M 97.4 M 92.1 M - 90.7 M 85.3 M 83.8 M - 77.5 M 80.8 M 80.5 M - 73.2 M 74.7 M 73.4 M - - -

Interest Expense

 41.7 M - 38.5 M 37.7 M 36.6 M - 37.5 M 35.9 M 36.6 M - 34.2 M 34.1 M 33.1 M - 26.4 M 25 M 24.4 M - 22 M 19 M 19.8 M - 19.9 M 19.8 M 21.3 M - 20.5 M 20.4 M 18.7 M - 17.4 M 17.9 M 18.4 M - 17.2 M 16.2 M 17.9 M - 18.6 M 19.5 M 20.7 M - 21.4 M 21.8 M 21.2 M - 22.3 M 21.2 M 21.4 M - 23.7 M 23.3 M 23.9 M - 23.6 M 24.4 M 24.7 M - 24.3 M 23.9 M 23.5 M - 23.3 M 22.9 M

EBITDA

 220 M - 210 M 212 M 207 M - 218 M 214 M 215 M - 215 M 216 M 218 M - 214 M 211 M 215 M - 201 M 191 M 189 M - 184 M 187 M 192 M - 184 M 183 M 181 M - 176 M 176 M 179 M - 176 M 174 M 168 M - 161 M 165 M 161 M - 147 M 144 M 140 M - 144 M 148 M 140 M - 138 M 126 M 124 M - 115 M 120 M 117 M - 108 M 107 M 107 M - 34.3 M 33.4 M

Operating Expenses

 162 M - 158 M 149 M 149 M - 155 M 148 M 157 M - 151 M 151 M 149 M - 150 M 177 M 145 M - 137 M 128 M 127 M - 126 M 126 M 134 M - 142 M 130 M 142 M - 128 M 126 M 129 M - 129 M 124 M 125 M - 121 M 121 M 122 M - 114 M 109 M 111 M - 113 M 115 M 115 M - 110 M 96.3 M 97.3 M - 92.7 M 93.8 M 91 M - 93.7 M 80.6 M 82.3 M - 86.7 M 78.7 M

General and Administrative Expenses

 13.4 M - 9 M 10.3 M 12.5 M - 9.9 M 9.36 M 12.5 M - 8.87 M 9.38 M 12.4 M - 9.59 M 9.59 M 13.6 M - 10.4 M 10.1 M 9.95 M - 9.16 M 10.1 M 10.9 M - 11.7 M 9.56 M 12.4 M - 9.55 M 9.54 M 11.8 M - 9.25 M 9.05 M 11.5 M - 9.86 M 8.33 M 11.1 M - 8.99 M 8.66 M 11.2 M - 7.53 M 8.73 M 10.7 M - 8.97 M 8.4 M 10.6 M - 9.72 M 8.9 M 9.67 M - 12.2 M 7.98 M 7.79 M - 8.88 M 6.98 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Highwoods Properties (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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