Quarterly ResultApr 28, 2026, 04:10 PM
HIW Q1 Net Income $33.4M (-66.6%); EPS $0.29; Revenue $214.0M (+6.8%)
AI Summary
Highwoods Properties, Inc. reported Q1 2026 net income of $33.4 million, a significant decrease from $100.0 million in Q1 2025, primarily due to lower gains on property dispositions. Basic EPS also fell to $0.29 from $0.91 year-over-year. Despite this, rental and other revenues increased by 6.8% to $214.0 million, and net cash provided by operating activities rose by 35.7% to $62.8 million. The company also significantly increased investments in acquired real estate.
Key Highlights
- Net income $33.4M, down 66.6% from $100.0M YoY.
- Basic EPS $0.29, down 68.1% from $0.91 YoY.
- Rental and other revenues $214.0M, up 6.8% from $200.4M YoY.
- Gains on property disposition $17.0M, down 79.4% from $82.2M YoY.
- Net cash from operating activities $62.8M, up 35.7% from $46.3M YoY.
- Investments in acquired real estate $309.8M, up 124.8% from $137.8M YoY.
- Total Assets $6.60B as of March 31, 2026, up from $6.27B.
- 110.3M Common Shares outstanding as of April 21, 2026.