Highwoods Properties HIW
NYSE HIW
$31.40 -0.07 (-0.22%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
DateValue
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