Highwoods Properties (HIW) Free Cash Flow (2009 - 2025)
Highwoods Properties' (HIW) quarterly Free Cash Flow came in at $97.7 million in Q4 2025, up 71.3% year-on-year from $57.0 million in Q4 2024, and down 57.98% quarter-over-quarter from $232.5 million in Q3 2025.
Highwoods Properties (HIW) Free Cash Flow (2009 - 2025) Analysis & Trends
Highwoods Properties has disclosed Free Cash Flow across 17 years of filings, most recently posting $97.7 million for Q4 2025.
- Free Cash Flow for Q4 2025 came in at $97.7 million, up 71.3% year-over-year; the trailing twelve-month figure through Dec 2025 was $355.3 million (up 0.71% YoY), and the FY2025 annual result was $355.3 million, up 0.71% from the prior year.
- Free Cash Flow came in at $97.7 million for Q4 2025 at Highwoods Properties, down from $232.5 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $232.5 million in Q3 2025 to a low of -$220.1 million in Q4 2021.
- The 5-year median for Free Cash Flow is $91.9 million (2023), against an average of $77.4 million.
- Peak annual rise in Free Cash Flow reached 309.65% in 2021, while the deepest fall reached 209.26% in 2021.
- Highwoods Properties' Free Cash Flow stood at -$220.1 million in 2021, then surged by 138.06% to $83.8 million in 2022, then grew by 2.92% to $86.2 million in 2023, then slumped by 33.84% to $57.0 million in 2024, then surged by 71.3% to $97.7 million in 2025.
- The last three Free Cash Flow figures came in at $97.7 million (Q4 2025), $232.5 million (Q3 2025), and -$21.3 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.03 Bn | 9.03 Bn | - | 58.99 Mn |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | -19.20 Mn |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 8.90 Mn |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | -17.59 Mn |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 90.18 Mn |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 97.71 Mn |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | 65.23 Mn |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 50.72 Mn |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | -10.17 Mn |
| 10 | Easterly Government Properties | 1.12 Bn | 1.17 Bn | 71.01 Mn | 27.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 97.71 Mn |
| Dec 31, 2025 | 97.71 Mn |
| Sep 30, 2025 | 232.53 Mn |
| Sep 30, 2025 | 232.53 Mn |
| Jun 30, 2025 | -21.30 Mn |
| Jun 30, 2025 | -21.30 Mn |
| Mar 31, 2025 | 46.32 Mn |
| Mar 31, 2025 | 46.32 Mn |
| Dec 31, 2024 | 57.04 Mn |
| Dec 31, 2024 | 57.04 Mn |
| Sep 30, 2024 | 97.49 Mn |
| Sep 30, 2024 | 97.49 Mn |
| Jun 30, 2024 | 128.36 Mn |
| Jun 30, 2024 | 128.36 Mn |
| Mar 31, 2024 | 69.85 Mn |
| Mar 31, 2024 | 69.85 Mn |
| Dec 31, 2023 | 86.22 Mn |
| Dec 31, 2023 | 86.22 Mn |
| Sep 30, 2023 | 104.32 Mn |
| Sep 30, 2023 | 104.32 Mn |