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.
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.
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
| 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).
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.