Highwoods Properties (HIW) Free Cash Flow (2009 - 2025)
Highwoods Properties' Free Cash Flow was $97.71 million in Q4 2025, down 5.8% from $103.73 million a year earlier but up 2.5% from the prior quarter.
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Analysis
Highwoods Properties (HIW) Free Cash Flow (2009 - 2025) Analysis & Trends
For FY2025, Free Cash Flow at Highwoods Properties came in at $355.26 million, down 11.1% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $399.44 million in FY2024 (+13.1%), $353.11 million in FY2023 (-6.4%), $377.43 million in FY2022 (+12.1%) and $336.7 million in FY2021 (+70.4%).
- Quarterly Free Cash Flow has moved between $46.32 million (Q1 2025) and $128.36 million (Q2 2024) over five years.
- Compared with a year earlier, Free Cash Flow has declined for four straight quarters, with growth averaging 0.7% over the last eight quarters.
- The best year-over-year quarter for Free Cash Flow over five years was Q4 2021 (growth of 138.4%); the worst was Q1 2025 (a decline of 33.7%).
- Per Business Quant data, HIW's Free Cash Flow in the three quarters before Q4 2025 was $95.29 million (Q3 2025), $115.94 million (Q2 2025) and $46.32 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 684.33 Mn |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 948.84 Mn |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 1.09 Bn |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 812.42 Mn |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 454.72 Mn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 554.66 Mn |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 706.49 Mn |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Highwoods Properties | 3.20 Bn | 3.18 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 97.71 Mn |
| Sep 30, 2025 | 95.29 Mn |
| Jun 30, 2025 | 115.94 Mn |
| Mar 31, 2025 | 46.32 Mn |
| Dec 31, 2024 | 103.73 Mn |
| Sep 30, 2024 | 97.49 Mn |
| Jun 30, 2024 | 128.36 Mn |
| Mar 31, 2024 | 69.85 Mn |
| Dec 31, 2023 | 95.12 Mn |
| Sep 30, 2023 | 95.53 Mn |
| Jun 30, 2023 | 106.73 Mn |
| Mar 31, 2023 | 55.74 Mn |
| Dec 31, 2022 | 83.77 Mn |
| Sep 30, 2022 | 112.63 Mn |
| Jun 30, 2022 | 120.27 Mn |
| Mar 31, 2022 | 60.76 Mn |
| Dec 31, 2021 | 92.82 Mn |
| Sep 30, 2021 | 100.84 Mn |
| Jun 30, 2021 | 79.86 Mn |
| Mar 31, 2021 | 63.19 Mn |
API Access
Highwoods Properties Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=HIW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "HIW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=HIW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();