HIGHWOODS PROPERTIES, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $806.1M | $825.9M | $834.0M | $828.9M | $768.0M |
| Operating expenses | $605.4M | $637.7M | $611.0M | $626.2M | $536.2M |
| Operating income | $544.7M | $553.7M | $565.2M | $569.1M | $531.6M |
| Interest expense | $152.4M | $147.2M | $136.7M | $105.4M | $85.9M |
| Net income | $162.7M | $104.3M | $151.3M | $164.0M | $323.3M |
| Balance Sheet | |||||
| Cash and equivalents | $27.4M | $22.4M | $25.1M | $21.4M | $23.2M |
| Total assets | $6.3B | $6.0B | $6.0B | $6.1B | $5.7B |
| Total liabilities | $3.8B | $3.6B | $3.5B | $3.5B | $3.1B |
| Stockholders' equity | $2.4B | $2.4B | $2.4B | $2.5B | $2.5B |
| Cash Flow Statement | |||||
| Cash from operations | $359.2M | $403.6M | $387.0M | $421.8M | $414.6M |
| Depreciation and amortization | $295.0M | $299.0M | $299.4M | $287.6M | $259.3M |
| Stock-based compensation | $8.2M | $8.0M | $7.0M | $7.6M | $8.6M |
| Capital expenditure | — | — | $2.3M | $1.4M | $9.8M |
| Free cash flow | — | — | $384.6M | $420.4M | $404.7M |
| Dividends paid | $216.7M | $212.4M | $211.0M | $210.2M | $204.2M |
| Share repurchases | $2.1M | — | $10,000 | — | $5,000 |
| Impairments | $8.8M | $24.6M | $0 | $36.5M | $0 |
Shares outstanding 110.3M · Free float 92.8%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.