Highwoods Properties (HIW) Operating Expenses (2009 - 2025)
Highwoods Properties (HIW) posted Operating Expenses of $66.8 million for Q4 2025, up 1.27% sequentially from $65.9 million in Q3 2025, and down 6.59% YoY from $71.5 million in Q4 2024.
Highwoods Properties (HIW) Operating Expenses (2009 - 2025) Analysis & Trends
Highwoods Properties has reported Operating Expenses for 17 years, with the latest figure at $66.8 million in Q4 2025.
- Quarterly Operating Expenses fell 6.59% year-over-year to $66.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $345.2 million (down 2.83% YoY) and the FY2025 annual result came in at $261.4 million, down 3.97% from the prior year.
- Operating Expenses climbed to $66.8 million in Q4 2025 per HIW's latest filing, from $65.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $436.1 million in Q4 2022 and troughed at $61.4 million in Q1 2022.
- A 5-year average of $106.8 million and a median of $68.2 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 587.23% in 2022, then slumped 84.05% in 2023.
- Over 5 years, Operating Expenses stood at $63.5 million in 2021, then surged by 587.23% to $436.1 million in 2022, then plunged by 84.05% to $69.6 million in 2023, then grew by 2.76% to $71.5 million in 2024, then dropped by 6.59% to $66.8 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $66.8 million, $65.9 million, and $63.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | 835.39 Mn |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | 249.25 Mn |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 207.02 Mn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 134.16 Mn |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | 60.25 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 159.11 Mn |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | 206.20 Mn |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 335.61 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 123.54 Mn |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn | 70.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 66.76 Mn |
| Sep 30, 2025 | 65.92 Mn |
| Jun 30, 2025 | 63.66 Mn |
| Mar 31, 2025 | 148.90 Mn |
| Dec 31, 2024 | 71.47 Mn |
| Sep 30, 2024 | 65.71 Mn |
| Jun 30, 2024 | 147.66 Mn |
| Mar 31, 2024 | 70.44 Mn |
| Dec 31, 2023 | 69.55 Mn |
| Sep 30, 2023 | 150.83 Mn |
| Jun 30, 2023 | 66.31 Mn |
| Mar 31, 2023 | 65.73 Mn |
| Dec 31, 2022 | 436.07 Mn |
| Sep 30, 2022 | 66.33 Mn |
| Jun 30, 2022 | 62.37 Mn |
| Mar 31, 2022 | 61.42 Mn |
| Dec 31, 2021 | 63.45 Mn |
| Sep 30, 2021 | 137.46 Mn |
| Jun 30, 2021 | 128.28 Mn |
| Mar 31, 2021 | 127.07 Mn |