Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

Company profile
Ticker
HIW
Exchange
Website
CEO
Theodore Klinck
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HIGHWOODS PROPERTIES INC
SEC CIK
Corporate docs
Subsidiaries
Highwoods Realty Limited Partnership • HRLP Fourth Avenue, LLC • HRLP Capitol Towers, L.P. • HRLP Fayetteville, L.P. ...
IRS number
561871668
HIW stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2022
23 Jun 22
Credit Suisse Initiates Coverage On Highwoods Props with Neutral Rating, Announces Price Target of $34
23 Jun 22
Stocks That Hit 52-Week Lows On Tuesday
14 Jun 22
Stocks That Hit 52-Week Lows On Monday
13 Jun 22
Highwoods Announces $98M Of Non-Core Asset Sales
19 May 22
Analyst ratings and price targets
Current price
Average target
$40.00
Low target
$34.00
High target
$46.00
Credit Suisse
Initiated
$34.00
Mizuho
Initiated
$46.00
Calendar
26 Apr 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 31.2M | 31.2M | 31.2M | 31.2M | 31.2M | 31.2M |
Cash burn (monthly) | 3.23M | 13.17M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 19M | 77.39M | n/a | n/a | n/a | n/a |
Cash remaining | 12.2M | -46.19M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3.8 | -3.5 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 22 | Gene H Anderson | Common Stock | Grant | Acquire A | No | No | 0 | 2,085 | 0 | 81,059 |
1 Mar 22 | Charles Albert Anderson | Common Stock | Grant | Acquire A | No | No | 0 | 2,085 | 0 | 15,398 |
1 Mar 22 | Brendan C Maiorana | Common Stock | Sale back to company | Dispose D | No | No | 0 | 506 | 0 | 37,754 |
1 Mar 22 | Brendan C Maiorana | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 1,107 | 0 | 38,260 |
1 Mar 22 | Brendan C Maiorana | Common Stock | Grant | Acquire A | No | No | 0 | 20,064 | 0 | 39,367 |
1 Mar 22 | Thomas P Anderson | Common Stock | Grant | Acquire A | No | No | 0 | 2,085 | 0 | 9,152 |
1 Mar 22 | Anne H Lloyd | Common Stock | Grant | Acquire A | No | No | 0 | 2,085 | 0 | 9,725 |
Institutional ownership, Q1 2022
97.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 311 |
Opened positions | 31 |
Closed positions | 43 |
Increased positions | 128 |
Reduced positions | 115 |
13F shares | Current |
---|---|
Total value | 4.71B |
Total shares | 102.96M |
Total puts | 1.9K |
Total calls | 25.9K |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 15.83M | $724.04M |
CNS Cohen & Steers | 15.63M | $714.94M |
BLK Blackrock | 11.78M | $538.81M |
STT State Street | 6.34M | $290.16M |
FMR | 5.14M | $234.98M |
GS Goldman Sachs | 2.19M | $99.97M |
NTRS Northern Trust | 2.09M | $95.44M |
DSECF Daiwa Securities | 2.05M | $93.99M |
Dimensional Fund Advisors | 1.82M | $83.28M |
Geode Capital Management | 1.63M | $74.58M |
Financial report summary
?Management Discussion
- Rental and other revenues were $22.6 million, or 12.3%, higher in the first quarter of 2022 as compared to 2021 primarily due to the acquisition of real estate assets from PAC, development properties placed in service and higher same property revenues, which increased rental and other revenues by $16.6 million, $8.6 million and $5.8 million, respectively. Same property rental and other revenues were higher primarily due to higher average GAAP rents per rentable square foot, higher average occupancy and higher cost recovery and parking income. These increases were partially offset by lost revenue of $8.5 million from property dispositions. We expect rental and other revenues to be higher for the remainder of 2022 as compared to 2021 for similar reasons.
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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Removed:
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Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
25 May 22
8-K
Submission of Matters to a Vote of Security Holders
10 May 22
8-K
Highwoods Closes Acquisition of Office Assets from
30 Jul 21
8-K
Departure of Directors or Certain Officers
11 May 21
8-K
Highwoods Agrees to Acquire Office Assets from
19 Apr 21
8-K
Entry into a Material Definitive Agreement
19 Mar 21
8-K
Departure of Directors or Certain Officers
16 Nov 20
8-K
Highwoods Announces Early Results of Tender Offer for Up to $150,000,000 of Outstanding 3.20% Notes due 2021
13 Aug 20
8-K
Highwoods Announces Tender Offer for Up to $100,000,000 Outstanding 3.20% Notes due 2021
31 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
12 May 20
Registration and prospectus
S-8
Registration of securities for employees
9 Feb 22
S-8
Registration of securities for employees
19 Jun 20
424B5
Prospectus supplement for primary offering
5 Feb 20
S-3ASR
Automatic shelf registration
4 Feb 20
424B5
Prospectus supplement for primary offering
6 Feb 18
424B2
Prospectus for primary offering
7 Feb 17
S-3ASR
Automatic shelf registration
6 Feb 17
424B2
Prospectus for primary offering
9 Feb 16
S-8
Registration of securities for employees
12 May 15
424B3
Prospectus supplement
6 May 14
Proxies
DEFA14A
Additional proxy soliciting materials
31 Mar 22
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 18
Other
EFFECT
Notice of effectiveness
1 May 14
CORRESP
Correspondence with SEC
29 Apr 14
CORRESP
Correspondence with SEC
16 Apr 14
UPLOAD
Letter from SEC
23 Feb 14
UPLOAD
Letter from SEC
16 May 13
CORRESP
Correspondence with SEC
30 Apr 13
UPLOAD
Letter from SEC
21 Apr 13
UPLOAD
Letter from SEC
10 Apr 12
CORRESP
Correspondence with SEC
22 Mar 12
UPLOAD
Letter from SEC
12 Mar 12
Ownership
4
HIGHWOODS PROPERTIES / Brian M Leary ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / Jeffrey Douglas Miller ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / Theodore J Klinck ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / David L Gadis ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / Thomas P Anderson ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / ANNE H LLOYD ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / David John Hartzell ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / Carlos E Evans ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / GENE H ANDERSON ownership change
2 Mar 22
4
HIGHWOODS PROPERTIES / Charles Albert Anderson ownership change
2 Mar 22
Transcripts
2022 Q1
Earnings call transcript
27 Apr 22
2021 Q4
Earnings call transcript
9 Feb 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
10 Feb 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
29 Jul 20
2020 Q1
Earnings call transcript
29 Apr 20
2019 Q4
Earnings call transcript
5 Feb 20
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