Highwoods Properties, Inc. HIW
Highwoods Properties, Inc., based in Raleigh, operates as an S&P MidCap 400 Index constituent. This publicly listed Real Estate Investment Trust (REIT), whose shares trade on the NYSE under the ticker HIW, focuses exclusively on office properties. Highwoods is a comprehensively integrated company, handling all aspects of its real estate portfolio from initial acquisition and development to leasing and day-to-day management. Its holdings are strategically concentrated in the prime business districts of several major U.S. cities, specifically Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, its headquarters city of Raleigh, Richmond, and Tampa.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-10 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model HIW yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $806.11M | $159.61M | $294.95M | $610.04M | $367.31M |
| 2024 | $825.86M | $102.25M | $299.05M | $550.50M | $403.58M |
| 2023 | $834.00M | $148.72M | $299.41M | $587.45M | $393.56M |
| 2022 | $828.93M | $159.06M | $287.61M | $556.95M | $421.78M |
| 2021 | $768.01M | $313.28M | $259.25M | $668.42M | $414.56M |
| 2020 | $736.90M | $347.40M | $241.59M | $680.46M | $358.16M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-05-18 | 2026-05-18 | 2026-06-09 | 2026-04-22 | $0.50 | Quarterly |
| 2026-02-17 | 2026-02-17 | 2026-03-10 | 2026-01-29 | $0.50 | Quarterly |
| 2025-11-17 | 2025-11-17 | 2025-12-09 | 2025-10-23 | $0.50 | Quarterly |
| 2025-08-18 | 2025-08-18 | 2025-09-09 | 2025-07-24 | $0.50 | Quarterly |
| 2025-05-19 | 2025-05-19 | 2025-06-10 | 2025-04-23 | $0.50 | Quarterly |
| 2025-02-18 | 2025-02-18 | 2025-03-11 | 2025-01-29 | $0.50 | Quarterly |
| 2024-11-18 | 2024-11-18 | 2024-12-10 | 2024-10-21 | $0.50 | Quarterly |
| 2024-08-19 | 2024-08-19 | 2024-09-10 | 2024-07-17 | $0.50 | Quarterly |
| 2024-05-17 | 2024-05-20 | 2024-06-11 | 2024-04-17 | $0.50 | Quarterly |
| 2024-02-16 | 2024-02-20 | 2024-03-12 | 2024-01-31 | $0.50 | Quarterly |
| 2023-11-17 | 2023-11-20 | 2023-12-12 | 2023-10-18 | $0.50 | Quarterly |
| 2023-08-18 | 2023-08-21 | 2023-09-12 | 2023-07-19 | $0.50 | Quarterly |
| 2023-05-19 | 2023-05-22 | 2023-06-13 | 2023-04-20 | $0.50 | Quarterly |
| 2023-02-17 | 2023-02-21 | 2023-03-14 | 2023-02-01 | $0.50 | Quarterly |
| 2022-11-18 | 2022-11-21 | 2022-12-13 | 2022-10-20 | $0.50 | Quarterly |
| 2022-08-19 | 2022-08-22 | 2022-09-13 | 2022-07-28 | $0.50 | Quarterly |
| 2022-05-20 | 2022-05-23 | 2022-05-31 | 2022-04-20 | $0.50 | Quarterly |
| 2022-02-18 | 2022-02-22 | 2022-03-15 | 2022-02-01 | $0.50 | Quarterly |
| 2021-11-12 | 2021-11-15 | 2021-12-07 | 2021-11-02 | $0.50 | Quarterly |
| 2021-08-13 | 2021-08-16 | 2021-09-08 | 2021-07-27 | $0.50 | Quarterly |
| 2021-05-14 | 2021-05-17 | 2021-06-08 | 2021-04-15 | $0.48 | Quarterly |
| 2021-02-12 | 2021-02-16 | 2021-03-09 | 2021-02-02 | $0.48 | Quarterly |
| 2020-11-13 | 2020-11-16 | 2020-12-08 | 2020-10-15 | $0.48 | Quarterly |
| 2020-08-14 | 2020-08-17 | 2020-09-09 | 2020-07-28 | $0.48 | Quarterly |
Coverage (payout of operating cash flow): 60.21%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — HIW
Is HIW Stock Worth Retaining in Your Portfolio for the Long Run?
Highwoods to Release Second Quarter 2026 Results Tuesday, July 28th
Highwoods Recasts $150M Unsecured Bank Term Loan
Highwoods Properties: An Office REIT Betting On Sunbelt Growth And Occupancy Boost
Inflation Reignites, Yields Spike
Highwoods Sells Bridgestone Tower in CBD Nashville
Highwoods Sells Bridgestone Tower in CBD Nashville
Highwoods Announces Availability of 2025 Corporate Resiliency Report
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.