Highwoods Properties, Inc. (HIW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 214.03M | 203.36M | 201.77M | 200.6M | 200.38M | 206.79M | 204.32M | 204.74M | 211.28M | 206.86M | 207.09M | 207.29M | 212.75M | 212.16M | 207M | 203.84M | 206.38M | 203.54M | 195.5M | 185.5M |
| Revenue Growth % | 6.81% | -1.66% | -1.25% | -2.02% | -5.16% | -0.03% | -1.34% | -1.23% | -0.69% | -2.5% | 0.05% | 1.69% | 3.09% | 4.24% | 5.88% | 9.89% | 12.28% | 12.49% | 7.98% | 1.28% |
| Property Operating Expenses | 71.12M | 66.76M | 65.92M | 63.66M | 65.03M | 71.47M | 65.71M | 64.56M | 70.44M | 69.55M | 67.19M | 66.31M | 65.73M | 69.68M | 66.33M | 62.37M | 61.42M | 63.45M | 60.57M | 56.23M |
| Net Operating Income (NOI) | 142.92M | 136.59M | 135.85M | 136.94M | 135.35M | 135.32M | 138.62M | 140.18M | 140.84M | 137.31M | 139.9M | 140.98M | 147.02M | 142.48M | 140.66M | 141.47M | 144.96M | 140.08M | 134.93M | 129.28M |
| NOI Margin % | 66.77% | 67.17% | 67.33% | 68.27% | 67.55% | 65.44% | 67.84% | 68.47% | 66.66% | 66.38% | 67.55% | 68.01% | 69.1% | 67.16% | 67.95% | 69.4% | 70.24% | 68.82% | 69.02% | 69.69% |
| Operating Expenses | 90.97M | 83.51M | 82.89M | 85M | 83.86M | 10.15M | 89.01M | 83.1M | 86.17M | 91.18M | 83.64M | 84.4M | 83.05M | 9.53M | 82.64M | 79.33M | 83.22M | 10.14M | 76.9M | 72.06M |
| G&A Expenses | 13.43M | 8.54M | 8.99M | 10.32M | 12.46M | 10.15M | 9.9M | 9.36M | 12.5M | 12.19M | 8.87M | 9.38M | 12.41M | 9.53M | 9.59M | 9.59M | 13.56M | 10.14M | 10.35M | 10.11M |
| EBITDA | 129.48M | 128.06M | 126.86M | 126.63M | 122.89M | 188.24M | 128.72M | 130.82M | 128.34M | 126.77M | 131.03M | 131.6M | 134.61M | 196.38M | 131.08M | 131.88M | 131.4M | 188.16M | 124.58M | 119.17M |
| EBITDA Margin % | 60.5% | 62.97% | 62.87% | 63.12% | 61.33% | 91.03% | 63% | 63.9% | 60.75% | 61.28% | 63.27% | 63.49% | 63.27% | 92.56% | 63.32% | 64.7% | 63.67% | 92.45% | 63.72% | 64.24% |
| Depreciation & Amortization | 77.54M | 74.97M | 73.9M | 74.68M | 71.41M | 63.07M | 79.12M | 73.75M | 73.67M | 80.64M | 74.77M | 75.02M | 70.63M | 63.43M | 73.06M | 69.74M | 69.67M | 58.23M | 66.55M | 61.95M |
| D&A / Revenue % | 36.23% | 36.87% | 36.62% | 37.23% | 35.63% | 30.5% | 38.72% | 36.02% | 34.87% | 38.98% | 36.1% | 36.19% | 33.2% | 29.89% | 35.29% | 34.21% | 33.76% | 28.61% | 34.04% | 33.4% |
| Operating Income | 51.95M | 53.09M | 52.96M | 51.95M | 51.49M | 125.17M | 49.6M | 57.08M | 54.67M | 46.12M | 56.26M | 56.59M | 63.97M | 132.95M | 58.02M | 62.14M | 61.73M | 129.94M | 58.03M | 57.22M |
| Operating Margin % | 24.27% | 26.11% | 26.25% | 25.9% | 25.69% | 60.53% | 24.28% | 27.88% | 25.88% | 22.3% | 27.17% | 27.3% | 30.07% | 62.66% | 28.03% | 30.48% | 29.91% | 63.84% | 29.68% | 30.85% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.25x | 1.75x | 1.36x | 1.51x | 3.73x | 1.41x | 1.41x | 2.80x | 1.74x | 1.31x | 1.68x | 2.29x | 2.36x | 1.95x | 2.52x | 3.10x | 2.73x | 2.39x | 4.44x | 4.25x |
| Non-Operating Income | 0 | -16.29M | 775K | -4.94M | -85.16M | 72.51M | -3.34M | -43.6M | -9.1M | 0 | -1.15M | -21.35M | -14.08M | 75.14M | -8.48M | -15.49M | -4.76M | 69.83M | -39.54M | -23.63M |
| Pretax Income | 33.37M | 29.72M | 13.71M | 19.22M | 100M | -3.2M | 15.47M | 64.77M | 27.21M | 39.34M | 23.17M | 43.87M | 44.95M | 29.14M | 40.11M | 52.6M | 42.1M | 129.02M | 75.59M | 61.84M |
| Pretax Margin % | 15.59% | 14.62% | 6.79% | 9.58% | 49.9% | -1.55% | 7.57% | 31.64% | 12.88% | 19.02% | 11.19% | 21.16% | 21.13% | 13.74% | 19.38% | 25.81% | 20.4% | 63.39% | 38.66% | 33.34% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 31.94M | 29.23M | 13.45M | 18.86M | 98.07M | -3.11M | 15.18M | 63.49M | 26.68M | 38.62M | 22.72M | 42.92M | 44.45M | 28.17M | 38.87M | 51.13M | 40.88M | 125.54M | 72.73M | 59.93M |
| Net Margin % | 14.92% | 14.38% | 6.67% | 9.4% | 48.94% | -1.5% | 7.43% | 31.01% | 12.63% | 18.67% | 10.97% | 20.7% | 20.9% | 13.28% | 18.78% | 25.08% | 19.81% | 61.68% | 37.2% | 32.3% |
| Net Income Growth % | -67.43% | 1040.57% | -11.38% | -70.3% | 267.51% | -108.05% | -33.2% | 47.93% | -39.97% | 37.08% | -41.54% | -16.06% | 8.74% | -77.56% | -46.55% | -14.67% | -25.78% | 51.75% | 77.7% | 59.17% |
| Funds From Operations (FFO) | 109.47M | 104.2M | 87.35M | 93.53M | 169.47M | 59.96M | 94.3M | 137.24M | 100.36M | 119.26M | 97.49M | 117.94M | 115.09M | 91.6M | 111.93M | 120.88M | 110.55M | 183.77M | 139.27M | 121.88M |
| FFO Margin % | 51.15% | 51.24% | 43.29% | 46.63% | 84.58% | 28.99% | 46.15% | 67.03% | 47.5% | 57.65% | 47.07% | 56.89% | 54.09% | 43.17% | 54.07% | 59.3% | 53.57% | 90.29% | 71.24% | 65.7% |
| FFO Growth % | -35.4% | 73.79% | -7.37% | -31.84% | 68.87% | -49.72% | -3.27% | 16.36% | -12.8% | 30.2% | -12.9% | -2.43% | 4.11% | -50.16% | -19.63% | -0.82% | -4.71% | 37.44% | 37.58% | 25.5% |
| FFO per Share | 0.98 | 0.95 | 0.79 | 0.85 | 1.54 | 0.56 | 0.87 | 1.29 | 0.95 | 1.13 | 0.92 | 1.12 | 1.07 | 0.87 | 1.04 | 1.12 | 1.03 | 1.72 | 1.30 | 1.14 |
| FFO Payout Ratio % | 50.2% | 52.73% | 61.87% | 57.64% | 31.76% | 89.18% | 56.21% | 38.62% | 52.68% | 44.31% | 54.2% | 44.7% | 46.26% | 57.42% | 46.98% | 43.5% | 47.42% | 28.45% | 37.42% | 40.97% |
| EPS (Diluted) | 0.29 | 0.26 | 0.12 | 0.17 | 0.90 | -0.03 | 0.14 | 0.59 | 0.25 | 0.36 | 0.21 | 0.07 | 0.42 | -0.00 | 0.13 | 0.26 | 0.16 | 0.97 | 0.69 | 0.57 |
| EPS Growth % | -67.78% | 999.65% | -14.29% | -71.19% | 260% | -108.03% | -33.33% | 804.91% | -40.48% | - | 61.54% | -74.92% | 162.5% | -100.42% | -81.16% | -54.39% | -69.23% | 21.25% | 76.92% | 58.33% |
| EPS (Basic) | 0.29 | 0.26 | 0.12 | 0.17 | 0.91 | -0.03 | 0.14 | 0.59 | 0.25 | 0.36 | 0.21 | 0.07 | 0.42 | -0.00 | 0.13 | 0.26 | 0.17 | 1.00 | 0.69 | 0.57 |
| Diluted Shares Outstanding | 112.06M | 109.91M | 110.52M | 109.98M | 109.83M | 107.62M | 108.16M | 106M | 105.8M | 105.71M | 105.67M | 105.46M | 107.65M | 105.21M | 107.6M | 107.65M | 107.45M | 107.14M | 107.14M | 106.96M |