HIGHWOODS PROPERTIES, INC.HIWEarnings & Financial Report
Highwoods Properties, Inc. is a publicly traded real estate investment trust that owns, develops, acquires, and manages high-quality office properties primarily located in fast-growing metropolitan areas across the Southeastern and Mid-Atlantic regions of the United States. Its client base includes corporate tenants across diverse industry segments such as technology, healthcare, finance, and professional services.
HIW Q4 FY2025 Key Financial Metrics
Revenue
$203.4M
Gross Profit
N/A
Operating Profit
$136.6M
Net Profit
$29.7M
Gross Margin
N/A
Operating Margin
67.2%
Net Margin
14.6%
YoY Growth
-1.1%
EPS
$0.25
HIGHWOODS PROPERTIES, INC. Q4 FY2025 Financial Summary
HIGHWOODS PROPERTIES, INC. reported revenue of $203.4M (down 1.1% YoY) for Q4 FY2025, with a net profit of $29.7M (up 1029.4% YoY) (14.6% margin).
Key Financial Metrics
| Total Revenue | $203.4M |
|---|---|
| Net Profit | $29.7M |
| Gross Margin | N/A |
| Operating Margin | 67.2% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
HIGHWOODS PROPERTIES, INC. Q4 FY2025 revenue of $203.4M breaks down across 8 segments, led by Raleigh NC at $45.6M (22.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Raleigh NC | $45.6M | 22.4% |
| Nashville TN | $38.7M | 19.0% |
| Atlanta GA | $36.1M | 17.8% |
| Charlotte NC | $26.1M | 12.8% |
| Tampa FL | $22.2M | 10.9% |
| Orlando FL | $14.4M | 7.1% |
| Other | $11.4M | 5.6% |
| Richmond VA | $8.8M | 4.3% |
HIGHWOODS PROPERTIES, INC. Revenue by Segment — Quarterly Trend
HIGHWOODS PROPERTIES, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Raleigh NC and Nashville TN) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Raleigh NC | $45.6M | $45.8M | $44.8M | $44.5M |
| Nashville TN | $38.7M | $38.7M | $39.7M | $39.5M |
| Atlanta GA | $36.1M | $36.9M | $36.3M | $35.6M |
| Charlotte NC | $26.1M | $23.3M | $21.9M | $22.1M |
| Tampa FL | $22.2M | $22.0M | $21.2M | $22.7M |
HIGHWOODS PROPERTIES, INC. Annual Revenue by Year
HIGHWOODS PROPERTIES, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $806.1M).
HIGHWOODS PROPERTIES, INC. Quarterly Revenue & Net Profit History
HIGHWOODS PROPERTIES, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $203.4M | -1.1% | $29.7M | 14.6% |
| Q3 FY2025 | $201.8M | -1.2% | $13.7M | 6.8% |
| Q2 FY2025 | $200.6M | -2.0% | $19.2M | 9.6% |
| Q1 FY2025 | $200.4M | -5.2% | $100.0M | 49.9% |
| Q4 FY2024 | $205.5M | -0.6% | $-3.2M | -1.6% |
| Q3 FY2024 | $204.3M | -1.3% | $15.5M | 7.6% |
| Q2 FY2024 | $204.7M | -1.2% | $64.8M | 31.6% |
| Q1 FY2024 | $211.3M | -0.7% | $27.2M | 12.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $211.3M | $204.7M | $204.3M | $205.5M | $200.4M | $200.6M | $201.8M | $203.4M |
| YoY Growth | -0.7% | -1.2% | -1.3% | -0.6% | -5.2% | -2.0% | -1.2% | -1.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.01B | $5.97B | $6.03B | $6.03B | $6.08B | $6.06B | $6.14B | $6.27B |
| Liabilities | $3.55B | $3.50B | $3.59B | $3.60B | $3.60B | $3.62B | $3.69B | $3.84B |
| Equity | $2.40B | $2.41B | $2.36B | $2.36B | $2.41B | $2.37B | $2.38B | $2.38B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $72.4M | $130.0M | $97.5M | $403.6M | $46.3M | $116.5M | $96.7M | $359.2M |