The Tip Desk

HIGHWOODS PROPERTIES, INC.

Company Stats

Market Cap
$3.2B
as of Sep 30, 2026
Shares Outstanding
110.3M
Free Float
92.8%

Income Statement

Revenue
$806.1M
Operating Income
$544.7M
Net Income
$162.7M
EBITDA
$839.7M
Non-cash Impairment
$8.8M
Revenue Growth, 3Y
-0.9%

Balance Sheet

Cash & Equivalents
$27.4M

Returns & Capital

Dividends Paid
$216.7M
Dividend Yield
6.8%
Dividend Payout, 3Y Avg
158.8%
Share Repurchases
$2.1M
SBC, 3Y Avg
$7.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$806.1M——
FY2024$825.9M——
FY2023$834.0M$384.6M46.1%
FY2022$828.9M$420.4M50.7%
FY2021$768.0M$404.7M52.7%

Annual filing data through FY ended December 31, 2025; shares and float as of October 9, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings