Highwoods Properties, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 768.01M | 828.93M | 834.00M | 825.86M | 806.11M | -2.4% | |
| Cost of Revenue | (236.44M) | (259.81M) | (268.78M) | (272.17M) | (261.37M) | -4.0% | |
Gross Profit | 531.57M | 569.12M | 565.22M | 553.69M | 544.74M | -1.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (40.55M) | (42.27M) | (42.86M) | (41.90M) | (40.31M) | -3.8% | |
| General & Administrative | (40.55M) | (42.27M) | (42.86M) | (41.90M) | (40.31M) | -3.8% | |
| Depreciation & Amortization | (259.25M) | (287.61M) | (299.41M) | (299.05M) | (294.95M) | -1.4% | |
Operating Income (EBIT) | 231.76M | 239.25M | 222.95M | 212.74M | 209.48M | -1.5% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (85.85M) | (105.39M) | (136.71M) | (147.20M) | (152.43M) | 3.6% | |
| Other Income/Expenses (Net) | 91.55M | -75.29M | -71.62M | -108.49M | -46.83M | -56.8% | |
Income Before Tax | 323.31M | 163.96M | 151.33M | 104.25M | 162.65M | 56.0% | |
| Income Tax Expense | — | — | — | — | — | — | |
Net Income | 313.28M | 159.06M | 148.72M | 102.25M | 159.61M | 56.1% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $3 | $1 | $1 | $1 | $1 | 54.3% | |
| Weighted Avg Shares Outstanding | 104.23M | 105.12M | 105.53M | 106.17M | 108.45M | 2.2% | |
| Weighted Avg Shares Outstanding (Diluted) | 107.06M | 105.12M | 107.78M | 108.32M | 110.57M | 2.1% | |
EBITDA | 668.42M | 556.95M | 587.45M | 550.50M | 610.04M | 10.8% |
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HIW in the Real Estate
Mid Cap