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. |
|---|---|---|---|---|---|
| 2026-08-17 | 2026-08-17 | 2026-09-09 | 2026-07-22 | $0.50 | Quarterly |
| 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 |
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
Why Is Highwoods Properties (HIW) Down 8.4% Since Last Earnings Report?
Highwoods Properties: Leasing Is Improving, But The Cash Test Is Still Ahead
Highwoods Properties: I Am Willing To Go Back In At The Right Price (Rating Downgrade)
Highwoods Properties Q2 Earnings Call Highlights
Highwoods Properties, Inc. (HIW) Q2 2026 Earnings Call Transcript
HIW Q2 FFO Beats Estimates on Leasing and Rent Growth, 2026 View Up
Highwoods Properties (HIW) Surpasses Q2 FFO and Revenue Estimates
Highwoods Announces Availability of Second Quarter 2026 Results
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.