Highwoods Properties, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $806.1M | $825.9M | $834.0M | $828.9M | $768.0M | $736.9M | $736.0M | $720.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $40.3M | $41.9M | $42.9M | $42.3M | $40.6M | $41.0M | $44.1M | $40.0M |
| Operating Income | $544.7M | $553.7M | $565.2M | $569.1M | $531.6M | $505.1M | $487.5M | $477.6M |
| Operating Margin | 67.6% | 67.0% | 67.8% | 68.7% | 69.2% | 68.5% | 66.2% | 66.3% |
| Interest Expense | $152.4M | $147.2M | $136.7M | $105.4M | $85.9M | $81.0M | $81.6M | $71.4M |
| Pretax Income | — | — | — | — | — | — | — | $137.8M |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $162.7M | $104.3M | $151.3M | $164.0M | $323.3M | $357.9M | $141.7M | $177.6M |
| Net Margin | 20.2% | 12.6% | 18.1% | 19.8% | 42.1% | 48.6% | 19.3% | 24.7% |
| EPS (Basic) | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $1.30 | $1.64 |
| EPS (Diluted) | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $1.30 | $1.64 |
| Shares Outstanding (Basic) | 108.5M | 106.2M | 105.5M | 105.1M | 104.2M | 103.9M | 103.7M | 103.4M |
| Shares Outstanding (Diluted) | 110.6M | 108.3M | 107.8M | 107.6M | 107.1M | 106.7M | 106.4M | 106.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |