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
DateValue
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