HIW on NYSE

HIGHWOODS PROPERTIES, INC.

American real estate investment trust based in Raleigh, active since 2012. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerHIW on NYSE2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersRaleigh, United States2
  • Incorporated inMD3
  • Business address150 Fayetteville Street, Ste 1400, Raleigh, Nc 276013
  • Filer categoryLarge accelerated filer3
  • Legal formStock Corporation2
  • LEIZIIGTYKL9T0X3HLTDX532
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST, INCORPORATED, 21093-2264 Lutherville-Timonium, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D038716882

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

67.6%Operating margin5
20.2%Net margin5
-2.4%Revenue growth, 20255
6.8%Return on equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Raleigh, NC brought in 22% of the revenue HIGHWOODS PROPERTIES, INC. broke down this way in fiscal 2025.

  1. Raleigh, NC$180.7M522%up 4% from 2024
  2. Nashville, TN$156.6M519%down 7% from 2024
  3. Atlanta, GA$145.0M518%down 1% from 2024
  4. Charlotte, NC$93.4M512%up 6% from 2024
  5. Tampa, FL$88.0M511%down 11% from 2024
  6. Orlando, FL$57.1M57%down 2% from 2024
  7. Total Corporate$49.1M56%down 14% from 2024
  8. Richmond, VA$36.2M54%up 3% from 2024
Business segments by year
Business segments202320242025
Raleigh, NC$182.0M$173.2M$180.7M
Nashville, TN$171.8M$169.2M$156.6M
Atlanta, GA$143.7M$146.2M$145.0M
Charlotte, NC$86.0M$88.0M$93.4M
Tampa, FL$99.4M$98.9M$88.0M
Orlando, FL$58.0M$58.4M$57.1M
Total Corporate$57.2M$56.8M$49.1M
Richmond, VA$35.9M$35.3M$36.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs61¢$491.0M
  • Interest19¢$152.4M
  • Profit20¢$162.7M

Out of $806.1M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid60¢$216.7M
  • Kept or used elsewhere40¢$142.5M

Out of $359.2M of cash from operations.5

Financial statements

Revenue67895$806.1M in 2025+10% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $736.0M$736.0M20192020: $736.9M$736.9M2020+0%2021: $768.0M$768.0M2021+4%2022: $828.9M$828.9M2022+8%2023: $834.0M$834.0M2023+1%2024: $825.9M$825.9M2024−1%2025: $806.1M$806.1M2025−2%
Operating income67895$544.7M in 2025+12% since 2019
0$200.0M$400.0M$600.0M2019: $487.5M$487.5M20192020: $505.1M$505.1M2020+4%2021: $531.6M$531.6M2021+5%2022: $569.1M$569.1M2022+7%2023: $565.2M$565.2M2023−1%2024: $553.7M$553.7M2024−2%2025: $544.7M$544.7M2025−2%
Net income67895$162.7M in 2025+15% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $141.7M$141.7M20192020: $357.9M$357.9M2020+153%2021: $323.3M$323.3M2021−10%2022: $164.0M$164.0M2022−49%2023: $151.3M$151.3M2023−8%2024: $104.3M$104.3M2024−31%2025: $162.7M$162.7M2025+56%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Rental and other revenues$806.1M$825.9M$834.0M
Rental property and other expenses$261.4M$272.2M$268.8M
Depreciation and amortization$295.0M$299.0M$299.4M
Impairments of real estate assets$8.8M$24.6M$0
General and administrative$40.3M$41.9M$42.9M
Total operating expenses$605.4M$637.7M$611.0M
Interest expense$152.4M$147.2M$136.7M
Other income$9.6M$12.3M$4.4M
Gains on disposition of property$107.1M$46.8M$47.8M
Gain on deconsolidation of affiliate$0$0$11.8M
Loss on disposition of investment in unconsolidated affiliate-$4.7M$0$0
Equity in earnings of unconsolidated affiliates$2.4M$4.2M$1.1M
Net income$162.7M$104.3M$151.3M
Net (income) attributable to noncontrolling interests in the Operating Partnership-$3.1M-$2.0M-$3.2M
Net loss attributable to noncontrolling interests in consolidated affiliates$74.0K$34.0K$549.0K
Dividends on Preferred Stock-$2.4M-$2.5M-$2.5M
Net income available for common stockholders$157.3M$99.8M$146.2M
Net income available for common stockholders (in dollars per share)$1.45$0.94$1.39
Weighted average Common Shares outstanding - basic (in shares)108.5M shares106.2M shares105.5M shares
Net income available for common stockholders (in dollars per share)$1.45$0.94$1.39
Weighted average Common Shares outstanding - diluted (in shares)110.6M shares108.3M shares107.8M shares

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Leadership

Who has led HIGHWOODS PROPERTIES, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (24)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • HIGHWOODS PROPERTIES INCSep 8, 1995 to Jul 1, 20193

Timeline

  1. Sep 3, 2019New chief executive Theodore J. Klinck becomes CEO14
  2. Jun 6, 2012Founded HIGHWOODS PROPERTIES, INC. is founded2
  3. Jan 4, 2006New chief executive Edward J. Fritsch becomes CEO15

Filings

131 filings to the SEC since October 2021: 77 insider forms, 29 large holders, 25 other. The latest 20:

  1. Aug 14, 2026SCHEDULE 13G/A EDGAR
  2. Jul 28, 2026SCHEDULE 13G/A EDGAR
  3. Jun 18, 20264 PRIMARY DOCUMENT EDGAR
  4. May 18, 20264 PRIMARY DOCUMENT EDGAR
  5. May 18, 20264 PRIMARY DOCUMENT EDGAR
  6. May 18, 20264 PRIMARY DOCUMENT EDGAR
  7. May 18, 20264 PRIMARY DOCUMENT EDGAR
  8. May 18, 20264 PRIMARY DOCUMENT EDGAR
  9. May 18, 20264 PRIMARY DOCUMENT EDGAR
  10. Apr 30, 2026SCHEDULE 13G EDGAR
  11. Mar 27, 2026ARS EDGAR
  12. Mar 27, 2026DEFA14A EDGAR
  13. Mar 27, 2026DEF 14A EDGAR
  14. Mar 26, 2026SCHEDULE 13G/A EDGAR
  15. Mar 3, 20264 PRIMARY DOCUMENT EDGAR
  16. Mar 3, 20264 PRIMARY DOCUMENT EDGAR
  17. Mar 3, 20264 PRIMARY DOCUMENT EDGAR
  18. Mar 3, 20264 PRIMARY DOCUMENT EDGAR
  19. Feb 12, 20265 PRIMARY DOCUMENT EDGAR
  20. Feb 12, 20265 PRIMARY DOCUMENT EDGAR

The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 6 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2025Hartzell David JohnDirectorSale4,300$32.10$138.0KForm 4
Nov 6, 2024Hartzell David JohnDirectorSale6,173$33.26$205.3KForm 4
Feb 22, 2024Evans Carlos EDirectorBuy20,000$23.67$473.4KForm 4
Oct 27, 2023Leary Brian MEVP & COOBuy1,000$17.67$17.7KForm 4
Mar 23, 2023Klinck Theodore JPresident and CEOBuy5,000$19.81$99.0KForm 4
Sep 28, 2022Maiorana Brendan CEVP, CFOBuy1,500$27.21$40.8KForm 4
Sep 22, 2022Klinck Theodore JPresident and CEOBuy5,000$28.25$141.2KForm 4
Sep 22, 2022Miller Jeffrey DouglasEVP, General Counsel & Sec.Buy1,000$28.25$28.2KForm 4
Aug 31, 2022Gadis David LDirectorSale650$30.49$19.8KForm 4
Nov 11, 2021Mulhern Mark FEVP/CFOSale16,154$47.11$761.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.21,011,850$633.7M0.0%+3,452,685
Vanguard Portfolio Management LLC12,035,994$363.0M0.0%+301,909
State Street Corp7,592,955$229.0M0.0%+773,322
Massachusetts Financial Services Co /ma/5,856,593$187.5M0.1%+211,377
Vanguard Capital Management LLC4,957,271$149.5M0.0%+81,880
Geode Capital Management, LLC3,222,880$97.2M0.0%+975,880
Quantinno Capital Management LP3,099,543$93.5M0.1%+1,291,439
Charles Schwab Investment Management Inc2,501,704$75.5M0.0%+321,255
Aew Capital Management L P2,399,904$72.4M4.3%+171,665
Gotham Asset Management, LLC2,382,143$71.8M0.2%+2,254,613
Daiwa Securities Group Inc.2,068,305$62.4M0.1%−34,041
Northern Trust Corp2,038,125$61.5M0.0%+486,879
Morgan Stanley1,636,752$49.4M0.0%+226,819
Sei Investments Co1,546,723$46.6M0.0%+199,479
Dimensional Fund Advisors LP1,514,977$45.7M0.0%−36,919
Nuveen, LLC1,505,944$45.4M0.0%−23,788
CORDA Investment Management, LLC.1,284,718$38.7M2.4%+3,370
Bank of New York Mellon Corp1,279,682$38.6M0.0%+141,519
Bank Of America Corp /de/1,203,072$36.3M0.0%−19,151
Ameriprise Financial Inc1,115,451$33.6M0.0%+147,353
UBS Group AG1,083,063$32.7M0.0%+576,116
Jpmorgan Chase & Co889,927$27.0M0.0%−497,705
Invesco Ltd.868,302$26.2M0.0%−98,788
Jupiter Topco LLC842,713$25.4M0.0%New
M&g PLC823,728$24.7M0.1%+150,111

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+36.3%Report
Mar 13, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−34.5%Report
Mar 5, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−31.0%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+194.8%Report
Apr 3, 2019Donna Shalala, HouseBuy$1,001 - $15,000−207.0%Report
Feb 6, 2019Donna Shalala, HouseBuy$1,001 - $15,000−218.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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