Highwoods Properties (HIW) Free Cash Flow (2009 - 2025)
Highwoods Properties (HIW) posted Free Cash Flow of -$339.9 million for Q4 2025, down 246.16% sequentially from $232.5 million in Q3 2025, and down 695.85% YoY from $57.0 million in Q4 2024.
Highwoods Properties (HIW) Free Cash Flow (2009 - 2025) Analysis & Trends
Highwoods Properties has reported Free Cash Flow for 17 years, with the latest figure at -$339.9 million in Q4 2025.
- Quarterly Free Cash Flow fell 695.85% year-over-year to -$339.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$82.3 million (down 123.34% YoY) and the FY2025 annual result came in at -$82.3 million, down 123.34% from the prior year.
- Free Cash Flow declined to -$339.9 million in Q4 2025 per HIW's latest filing, from $232.5 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $232.5 million in Q3 2025 and troughed at -$339.9 million in Q4 2025.
- A 5-year average of $56.3 million and a median of $83.6 million in 2021 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2021 and 2025: Free Cash Flow soared 561.02% in 2021, then tumbled 695.85% in 2025.
- Over 5 years, Free Cash Flow stood at -$220.1 million in 2021, then jumped by 138.06% to $83.8 million in 2022, then jumped by 31.82% to $110.4 million in 2023, then sank by 48.35% to $57.0 million in 2024, then sank by 695.85% to -$339.9 million in 2025.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$339.9 million, $232.5 million, and -$21.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.12 Bn | 8.01 Bn | - | -66.35 Mn |
| 2 | Cousins Properties | 4.87 Bn | 4.87 Bn | 183.86 Mn | 156.53 Mn |
| 3 | Kilroy Realty | 4.25 Bn | 4.25 Bn | 212.24 Mn | - |
| 4 | Copt Defense Properties | 4.20 Bn | 4.20 Bn | 191.37 Mn | 44.00 Mn |
| 5 | Sl Green Realty | 4.07 Bn | 4.07 Bn | 263.98 Mn | 88.03 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | - |
| 7 | Douglas Emmett | 1.98 Bn | 1.62 Bn | 178.95 Mn | -106.55 Mn |
| 8 | Empire State Realty OP | 1.26 Bn | 1.26 Bn | - | -11.45 Mn |
| 9 | Piedmont Realty Trust | 1.21 Bn | 1.21 Bn | 88.14 Mn | 30.78 Mn |
| 10 | Easterly Government Properties | 1.14 Bn | 1.14 Bn | 72.41 Mn | 44.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -339.87 Mn |
| Dec 31, 2025 | -339.87 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 | 110.43 Mn |
| Dec 31, 2023 | 110.43 Mn |
| Sep 30, 2023 | 83.94 Mn |
| Sep 30, 2023 | 83.94 Mn |