← HIGHWOODS PROPERTIES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $665.6m |
$702.7m
+5.57%
|
$720.0m
+2.46%
|
$736.0m
+2.21%
|
$736.9m
+0.13%
|
$768.0m
+4.22%
|
$828.9m
+7.93%
|
$834.0m
+0.61%
|
$825.9m
-0.98%
|
$806.1m
-2.39%
|
$835.5m
+3.65%
|
|
| General and Administrative Expense | $38.2m | $39.6m | $40.0m | $44.1m | $41.0m | $40.6m | $42.3m | $42.9m | $41.9m | $40.3m | $40.9m | |
| Operating Lease, Lease Income | — | — | — | $723.1m | $726.0m | $754.9m | $816.3m | $819.9m | $811.6m | $788.6m | — | |
| Operating Lease, Expense | — | — | — | $2.5m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.4m | — | |
| Operating Expenses | $489.4m | $505.8m | $512.8m | $552.9m | $516.2m | $536.2m | $626.2m | $611.0m | $637.7m | $605.4m | $620.3m | |
| Operating Income (Loss) | $434.5m |
$465.8m
+7.20%
|
$477.6m
+2.53%
|
$487.5m
+2.06%
|
$505.1m
+3.61%
|
$531.6m
+5.25%
|
$569.1m
+7.06%
|
$565.2m
-0.69%
|
$553.7m
-2.04%
|
$544.7m
-1.62%
|
$215.3m
-60.48%
|
|
| Interest Expense | $76.6m | $69.1m | $71.4m | $81.6m | $81.0m | $85.9m | $105.4m | $136.7m | $147.2m | $152.4m | $161.5m | |
| Interest Expense, Debt | $73.1m | $65.9m | $68.6m | — | — | — | — | — | — | — | $161.5m | |
| Loss on disposition of investment in unconsolidated affiliate | $0 | $0 | — | — | — | — | — | $0 | $0 | ($4.7m) | — | |
| Other Nonoperating Income (Expense) | $2.3m | $2.3m | $1.9m | ($2.5m) | ($1.7m) | $1.4m | $1.5m | $4.4m | $12.3m | $9.6m | — | |
| Income (Loss) from Equity Method Investments | $5.8m | $7.4m | $2.2m | $3.3m | $4.0m | $1.9m | $1.5m | $1.1m | $4.2m | $2.4m | — | |
| Rental property and other expenses | $231.1m | $236.9m | $242.4m | $248.5m | $231.8m | $236.4m | $259.8m | $268.8m | $272.2m | $261.4m | — | |
| Other income | $2.3m | $2.3m | $1.9m | ($2.5m) | ($1.7m) | $1.4m | $1.5m | $4.4m | $12.3m | $9.6m | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | $521.8m |
$182.9m
-64.95%
|
$169.3m
-7.40%
|
$134.4m
-20.62%
|
$344.9m
+156.58%
|
$310.8m
-9.89%
|
$156.6m
-49.62%
|
$146.2m
-6.61%
|
$99.8m
-31.78%
|
$157.3m
+57.63%
|
$166.4m
+5.80%
|
|
| Net loss attributable to noncontrolling interests in consolidated affiliates | ($1.3m) | ($1.2m) | ($1.2m) | ($1.2m) | ($1.2m) | ($1.7m) | ($1.2m) | $549k | $34k | $74k | — | |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | $15.6m | $5.1m | $4.6m | $3.6m | $9.3m | $8.3m | $3.7m | $3.2m | $2.0m | $3.1m | — | |
| Preferred Stock Dividends, Income Statement Impact | $3 | $2 | $2 | $2 | $2 | $2 | $2 | $2 | $2 | $2 | $2.3m | |
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | $2 | $2 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1 | $2 | $2 | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $5.30 | $1.78 | $1.64 | $1.30 | $3.32 | $2.98 | $1.49 | $1.39 | $0.94 | $1.45 | $1.51 | |
| Earnings Per Share, Diluted | $5.30 | $1.78 | $1.64 | $1.30 | $3.32 | $2.98 | $1.49 | $1.39 | $0.94 | $1.45 | $1.51 | |
| Weighted Average Number of Shares Outstanding, Basic | 98.4m | 102.7m | 103.4m | 103.7m | 103.9m | 104.2m | 105.1m | 105.5m | 106.2m | 108.5m | 109.7m | |
| Weighted average Common Shares outstanding - basic (in shares) | 98.4m | 102.7m | 103.4m | 103.7m | 103.9m | 104.2m | 105.1m | 105.5m | 106.2m | 108.5m | — | |
| Weighted average Common Shares outstanding - diluted (in shares) | 101.4m | 105.6m | 106.3m | 106.4m | 106.7m | 107.1m | 107.6m | 107.8m | 108.3m | 110.6m | — | |
| Weighted average Common Units outstanding - basic (in shares) | 100.9m | 105.1m | 105.8m | 106.0m | 106.3m | 106.6m | 107.2m | 107.4m | 107.9m | 110.2m | — | |
| Weighted average Common Units outstanding - diluted (in shares) | 101.0m | 105.2m | 105.9m | 106.0m | 106.3m | 106.7m | 107.2m | 107.4m | 107.9m | 110.2m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 101.4m | 105.6m | 106.3m | 106.4m | 106.7m | 107.1m | 107.6m | 107.8m | 108.3m | 110.6m | 111.7m | |
| Additional Financial Items | ||||||||||||
| Depreciation and amortization | $220.1m | $227.8m | $230.0m | $254.5m | $241.6m | $259.3m | $287.6m | $299.4m | $299.0m | $295.0m | $305.5m | |
| Impairments of real estate assets | $0 | $1.4m | $423k | $5.8m | $1.8m | $0 | $36.5m | $0 | $24.6m | $8.8m | — | |
| Gains on disposition of property | $14.8m | $54.2m | $37.6m | $39.5m | $215.9m | $174.1m | $63.5m | $47.8m | $46.8m | $107.1m | — | |
| Gain on deconsolidation of affiliate | — | — | — | — | — | $0 | $0 | $11.8m | $0 | $0 | — | |
| Equity in earnings of unconsolidated affiliates | $5.8m | $7.4m | $2.2m | $3.3m | $4.0m | $1.9m | $1.5m | $1.1m | $4.2m | $2.4m | — | |
| Net (income) attributable to noncontrolling interests in the Operating Partnership | ($15.6m) | ($5.1m) | ($4.6m) | ($3.6m) | ($9.3m) | ($8.3m) | ($3.7m) | ($3.2m) | ($2.0m) | ($3.1m) | — | |
| Dividends on Preferred Stock | ($3) | ($2) | ($2) | ($2) | ($2) | ($2) | ($2) | ($2) | ($2) | ($2) | — | |
| Distributions on Preferred Units | ($2.5m) | ($2.5m) | ($2.5m) | ($2.5m) | ($2.5m) | ($2.5m) | ($2.5m) | ($2.5m) | ($2.5m) | ($2.4m) | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $4.1m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $115.5m | $182.9m | $169.3m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $122.5m | $191.7m | $177.6m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $418.6m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $406.3m | $0 | $0 | — | — | — | — | — | — | — | — |