Highwoods Properties, Inc. (HIW) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	835.5M	806.1M	825.9M	834.0M	828.9M
Cost of Revenue	274.0M	261.4M	272.2M	268.8M	259.8M
Gross Profit	561.6M	544.7M	553.7M	565.2M	569.1M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	40.9M	40.3M	41.9M	42.9M	42.3M
General & Admin Expense	40.9M	40.3M	41.9M	42.9M	42.3M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	305.5M	295.0M	299.0M	299.4M	287.6M
Total Operating Expenses	346.3M	335.3M	340.9M	342.3M	329.9M
Cost and Expenses	620.3M	596.6M	613.1M	611.0M	589.7M
Operating Income (EBIT)	215.3M	209.5M	212.7M	222.9M	239.2M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	161.5M	152.4M	147.2M	136.7M	105.4M
Net Interest Income	(161.5M)	(152.4M)	(147.2M)	(136.7M)	(105.4M)
Other Non-Op Income/Expense	(41.7M)	(46.8M)	(108.5M)	(71.6M)	(75.3M)
Non-Operating Income (excl Interest)	(38.6M)	(105.6M)	(38.7M)	(65.1M)	(30.1M)
EBT (Pre-Tax Income)	173.6M	162.7M	104.3M	151.3M	164.0M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	168.7M	159.6M	102.2M	148.7M	159.1M
Earnings from Cont. Ops	173.6M	162.7M	104.3M	151.3M	164.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	167.2M	160.4M	101.8M	149.4M	160.2M
Per Share
Basic EPS	$1.52	$1.45	$0.94	$1.39	$1.49
Diluted EPS	$1.52	$1.45	$0.94	$1.39	$1.49
Revenue Per Share	$7.58	$7.43	$7.78	$7.90	$7.89
Shares
Basic Shares Outstanding	110.3M	108.5M	106.2M	105.5M	105.1M
Diluted Shares Outstanding	112.3M	110.6M	108.3M	107.8M	105.1M
Profitability Metrics
EBITDA	559.4M	610.0M	550.5M	587.5M	557.0M
D&A	305.5M	295.0M	299.0M	299.4M	287.6M
EBIT	253.9M	315.1M	251.5M	288.0M	269.3M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026