Highwoods Properties, Inc.

HIW ·Real Estate, REIT - Diversified, United States
Financial Statements › Income Statement
Annual Quarterly

Income Statement

Line Item FY2009 FY2008
Revenue $448.0M $445.3M
Cost of Revenue — —
Gross Profit — —
Gross Margin — —
Operating Expenses
Research & Development — —
SG&A Expense $36.7M $38.0M
Operating Income $286.0M $124.8M
Operating Margin 63.8% 28.0%
Interest Expense $86.8M $98.5M
Pretax Income $39.8M $26.3M
Income Tax Expense — —
Net Income $61.7M $35.6M
Net Margin 13.8% 8.0%
EPS (Basic) $0.76 $0.37
EPS (Diluted) $0.76 $0.37
Shares Outstanding (Basic) 68.0M 59.3M
Shares Outstanding (Diluted) 72.1M 63.5M
Dividends Per Share $1.70 —
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