Highwoods Properties (HIW) Operating Expenses (2009 - 2025)

Highwoods Properties has disclosed Operating Expenses across 17 years of filings, most recently posting $410.8 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $410.8 million, up 129.85% year-over-year; the trailing twelve-month figure through Dec 2025 was $697.1 million (up 48.82% YoY), and the FY2025 annual result was $605.4 million, down 5.06% from the prior year.
• Operating Expenses came in at $410.8 million for Q4 2025 at Highwoods Properties, up from $157.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $411.8 million in Q4 2023 to a low of -$212.0 million in Q4 2022.
• The 5-year median for Operating Expenses is $68.8 million (2023), against an average of $117.2 million.
• Across the five-year window, Operating Expenses tumbled 434.15% in 2022 and jumped 294.22% in 2023, its largest moves.
• Highwoods Properties' Operating Expenses stood at $63.5 million in 2021, then sank by 434.15% to -$212.0 million in 2022, then surged by 294.22% to $411.8 million in 2023, then plunged by 56.6% to $178.7 million in 2024, then jumped by 129.85% to $410.8 million in 2025.
• The last three Operating Expenses figures came in at $410.8 million (Q4 2025), $157.6 million (Q3 2025), and $63.7 million (Q2 2025), per Business Quant data.