← 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
Total Revenue $665.6m $702.7m $720.0m $736.0m $736.9m $768.0m $828.9m $834.0m $825.9m $806.1m
Revenues:
Operating Expenses $489.4m $505.8m $512.8m $552.9m $516.2m $536.2m $626.2m $611.0m $637.7m $605.4m
Total operating expenses $489.4m $505.8m $512.8m $552.9m $516.2m $536.2m $626.2m $611.0m $637.7m $605.4m
Operating Income (Loss) $434.5m $465.8m $477.6m $487.5m $505.1m $531.6m $569.1m $565.2m $553.7m $544.7m
Additional Financial Items
Rental and other revenues $665.6m $702.7m $720.0m $736.0m $736.9m $768.0m $828.9m $834.0m $825.9m $806.1m
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
Operating Lease, Lease Income — — — $723.1m $726.0m $754.9m $816.3m $819.9m $811.6m $788.6m
Income (Loss) from Continuing Operations, Per Basic Share $1 $2 $2 — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $1 $2 $2 — — — — — — —
Preferred Stock Dividends, Income Statement Impact $3 $2 $2 $2 $2 $2 $2 $2 $2 $2
Depreciation and amortization $220.1m $227.8m $230.0m $254.5m $241.6m $259.3m $287.6m $299.4m $299.0m $295.0m
Impairments of real estate assets $0 $1.4m $423k $5.8m $1.8m $0 $36.5m $0 $24.6m $8.8m
General and administrative $38.2m $39.6m $40.0m $44.1m $41.0m $40.6m $42.3m $42.9m $41.9m $40.3m
Other income $2.3m $2.3m $1.9m ($2.5m) ($1.7m) $1.4m $1.5m $4.4m $12.3m $9.6m
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
Loss on disposition of investment in unconsolidated affiliate $0 $0 — — — — — $0 $0 ($4.7m)
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)
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
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 — — — — — — —
Net Income (Loss) Available to Common Stockholders, Basic $521.8m $182.9m $169.3m $134.4m $344.9m $310.8m $156.6m $146.2m $99.8m $157.3m
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
Earnings Per Share, Basic $5.30 $1.78 $1.64 $1.30 $3.32 $2.98 $1.49 $1.39 $0.94 $1.45
Earnings Per Share, Diluted $5.30 $1.78 $1.64 $1.30 $3.32 $2.98 $1.49 $1.39 $0.94 $1.45
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
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
General and Administrative Expense $38.2m $39.6m $40.0m $44.1m $41.0m $40.6m $42.3m $42.9m $41.9m $40.3m
Other Nonoperating Income (Expense) $2.3m $2.3m $1.9m ($2.5m) ($1.7m) $1.4m $1.5m $4.4m $12.3m $9.6m
Operating Lease, Expense — — — $2.5m $2.6m $2.6m $2.6m $2.6m $2.6m $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
Interest Expense $76.6m $69.1m $71.4m $81.6m $81.0m $85.9m $105.4m $136.7m $147.2m $152.4m
Interest Expense, Debt $73.1m $65.9m $68.6m — — — — — — —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.