Highwoods Properties (HIW) Operating Expenses (2009 - 2026)
Highwoods Properties' (HIW) quarterly Operating Expenses came in at $159.1 million in Q2 2026, up 7.03% year-over-year from $148.7 million in Q2 2025, and up 5.88% quarter-over-quarter from $150.3 million in Q4 2025.
Analysis
Highwoods Properties (HIW) Operating Expenses (2009 - 2026) Analysis & Trends
Highwoods Properties has disclosed Operating Expenses across 18 years of filings, most recently posting $159.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 7.03% year-over-year to $159.1 million; the TTM figure through Jun 2026 stood at $615.6 million (down 2.43% YoY), while the FY2025 annual figure was $605.4 million, down 5.06% from the prior year.
- Operating Expenses came in at $159.1 million for Q2 2026 at Highwoods Properties, up from $150.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $178.7 million in Q4 2024 to a low of $144.6 million in Q1 2022.
- Average Operating Expenses over 5 years is $155.3 million, with a median of $150.8 million recorded in 2023.
- Year-over-year, Operating Expenses surged 37.74% in 2022 and declined 15.93% in 2025.
- Over 5 years, Operating Expenses stood at $154.4 million in 2022, then rose by 4.13% to $160.7 million in 2023, then rose by 11.2% to $178.7 million in 2024, then dropped by 15.93% to $150.3 million in 2025, then climbed by 5.88% to $159.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $159.1 million in Q2 2026, $150.3 million in Q4 2025, and $157.6 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield Property Partners | 15.36 Bn | 13.87 Bn | - | 2.15 Bn |
| 2 | Alexandria Real Estate Equities | 8.65 Bn | 7.54 Bn | - | 835.39 Mn |
| 3 | Cousins Properties | 4.60 Bn | 4.59 Bn | 183.86 Mn | 249.25 Mn |
| 4 | Kilroy Realty | 4.08 Bn | 4.08 Bn | 212.24 Mn | 207.02 Mn |
| 5 | Copt Defense Properties | 3.97 Bn | 3.97 Bn | 191.37 Mn | 134.16 Mn |
| 6 | Sl Green Realty | 3.67 Bn | 3.67 Bn | 263.98 Mn | 60.25 Mn |
| 7 | Highwoods Properties | 3.35 Bn | 3.01 Bn | - | 159.11 Mn |
| 8 | Douglas Emmett | 1.80 Bn | 1.45 Bn | 178.95 Mn | 206.20 Mn |
| 9 | Alexanders | 1.33 Bn | 1.03 Bn | - | 38.24 Mn |
| 10 | American Assets Trust | 1.31 Bn | 1.31 Bn | - | 83.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 159.11 Mn |
| Dec 31, 2025 | 150.27 Mn |
| Sep 30, 2025 | 157.62 Mn |
| Jun 30, 2025 | 148.65 Mn |
| Mar 31, 2025 | 148.90 Mn |
| Dec 31, 2024 | 178.74 Mn |
| Sep 30, 2024 | 154.72 Mn |
| Jun 30, 2024 | 147.66 Mn |
| Mar 31, 2024 | 156.61 Mn |
| Dec 31, 2023 | 160.74 Mn |
| Sep 30, 2023 | 150.83 Mn |
| Jun 30, 2023 | 150.71 Mn |
| Mar 31, 2023 | 148.78 Mn |
| Dec 31, 2022 | 154.36 Mn |
| Sep 30, 2022 | 150.49 Mn |
| Jun 30, 2022 | 176.70 Mn |
| Mar 31, 2022 | 144.65 Mn |
| Dec 31, 2021 | 143.43 Mn |
| Sep 30, 2021 | 137.46 Mn |
| Jun 30, 2021 | 128.28 Mn |