HIWHIGHWOODS PROPERTIES, INC.
Real Estate Investment Trusts
- Revenue
- $806M
- 2.4% YoY
- Operating margin
- 67.6%
- 0.8% YoY
- EBITDA
- $840M
- 1.5% YoY
- Market cap
- $3.4B
- Employees
- 315
- $3M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo60% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$3M · 72nd pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $768M | $829M | $834M | $826M | $806M | 2.4% |
| Operating income | $532M | $569M | $565M | $554M | $545M | 1.6% |
| Operating cash flow | $415M | $422M | $387M | $404M | $359M | 11% |
| Stock-based comp | $9M | $8M | $7M | $8M | $8M | 2.6% |
| Dividends | $204M | $210M | $211M | $212M | $217M | 2.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.