The financials
Highwoods Properties, Inc. by the numbers
Highwoods Properties, Inc. (HIW) reported revenue of $214M in Q1 2026 (quarter ended March 31, 2026), up 6.8% from the same quarter a year earlier. That came with net income of $33M (16% of revenue). For the full year FY2025, revenue was $806M (−2.4% year on year) and net income $163M. Its largest segment in 2026-Q1 was Raleigh NC at $52M, 24% of the disclosed total, just ahead of Nashville TN at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $214M | $200M | +6.8% |
| Operating income | $143M | $135M | +5.6% |
| Net income | $33M | $100M | −67% |
| Diluted EPS | $0.29 | $0.91 | −68% |
| Operating | Revenue | Share |
|---|---|---|
| Raleigh NC | $52M | 24% |
| Nashville TN | $38M | 18% |
| Atlanta GA | $37M | 17% |
| Charlotte NC | $28M | 13% |
| Tampa FL | $22M | 10% |
| Orlando FL | $15M | 6.8% |
| Corporate And Other | $13M | 6.0% |
| Richmond VA | $7.8M | 3.6% |
| Dallas TX | $2.7M | 1.2% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $214.0M (+6.1%)
Charlotte NC grew +25% year on yearRichmond VA -16% year on year
Segment Latestquarter on quarteryear on year
- Raleigh NC$51.6M$51.6MQoQ +13%year on year +16%+13%+16%
- Nashville TN$38.2M$38.2MQoQ -1.4%year on year -3.4%-1.4%-3.4%
- Atlanta GA$36.5M$36.5MQoQ -1.1%year on year +2.6%-1.1%+2.6%
- Charlotte NC$27.6M$27.6MQoQ +18%year on year +25%+18%+25%
- Tampa FL$22.4M$22.4MQoQ +1.9%year on year -1.5%+1.9%-1.5%
- Orlando FL$14.5M$14.5MQoQ +4.9%year on year +1.7%+4.9%+1.7%
- Corporate And Other$12.7M$12.7MQoQ +4.1%year on year +1.9%+4.1%+1.9%
- Richmond VA$7.8M$7.8MQoQ -13%year on year -16%-13%-16%
- Dallas TX$2.7M$2.7MQoQ -year on year ---