highwoods properties, headquartered in raleigh, north carolina, is a publicly traded (nyse:hiw) real estate investment trust (“reit”) and a member of the s&p midcap 400 index. the company is a fully-integrated office reit that owns, develops, acquires, leases and manages properties primarily in the best business districts (bbds) of atlanta, kansas city, memphis, nashville, orlando, pittsburgh, raleigh, richmond, tampa and the triad. for more information about highwoods properties, please visit our website at www.highwoods.com. highwoods is driven by a culture that honors integrity, fosters hard work, rewards creativity and builds team spirit. we are excited about our future and are confident that our strategic plan provides the best framework for the long-term future growth and stability of our company.
Company profile
Ticker
HIW
Exchange
Website
CEO
Theodore Klinck
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HIGHWOODS PROPERTIES INC
SEC CIK
Corporate docs
Subsidiaries
Highwoods Realty Limited Partnership • HRLP Fourth Avenue, LLC • HRLP Capitol Towers, L.P. ...
IRS number
561871668
HIW stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
23 Apr 24
ARS
2023 FY
Annual report to shareholders
29 Mar 24
DEFA14A
Additional proxy soliciting materials
29 Mar 24
DEF 14A
Definitive proxy
29 Mar 24
10-K
2023 FY
Annual report
6 Feb 24
8-K
Entry into a Material Definitive Agreement
25 Jan 24
8-K
Entry into a Material Definitive Agreement
21 Nov 23
8-K
Other Events
15 Nov 23
10-Q
2023 Q3
Quarterly report
24 Oct 23
10-Q
2023 Q2
Quarterly report
25 Jul 23
Transcripts
HIW
Earnings call transcript
2023 Q4
7 Feb 24
HIW
Earnings call transcript
2023 Q3
25 Oct 23
HIW
Earnings call transcript
2023 Q2
26 Jul 23
HIW
Earnings call transcript
2023 Q1
26 Apr 23
HIW
Earnings call transcript
2022 Q4
8 Feb 23
HIW
Earnings call transcript
2022 Q2
28 Jul 22
HIW
Earnings call transcript
2022 Q1
27 Apr 22
HIW
Earnings call transcript
2021 Q4
9 Feb 22
HIW
Earnings call transcript
2021 Q3
27 Oct 21
HIW
Earnings call transcript
2021 Q2
29 Jul 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 20.71 mm | 20.71 mm | 20.71 mm | 20.71 mm | 20.71 mm | 20.71 mm |
Cash burn (monthly) | 550.33 k | 698.58 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 4.05 mm | 5.15 mm | n/a | n/a | n/a | n/a |
Cash remaining | 16.66 mm | 15.56 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 30.3 | 22.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
74.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 236 |
Opened positions | 49 |
Closed positions | 104 |
Increased positions | 85 |
Reduced positions | 67 |
13F shares | Current |
---|---|
Total value | 1.28 tn |
Total shares | 79.11 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 17.31 mm | $397.46 bn |
CNS Cohen & Steers | 16.89 mm | $387.90 mm |
STT State Street | 7.57 mm | $173.73 bn |
BEN Franklin Resources | 4.61 mm | $105.95 bn |
DSECF Daiwa Securities | 2.33 mm | $53.46 mm |
PGGM Investments | 2.04 mm | $46.83 mm |
Charles Schwab Investment Management | 1.90 mm | $43.58 bn |
MS Morgan Stanley | 1.79 mm | $41.10 bn |
IVZ Invesco | 1.66 mm | $38.22 bn |
Dimensional Fund Advisors | 1.45 mm | $33.23 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Carlos E Evans | Common Stock | Grant | Acquire A | No | No | 0 | 3,786 | 0.00 | 66,273 |
1 Mar 24 | Gene H Anderson | Common Stock | Grant | Acquire A | No | No | 0 | 3,786 | 0.00 | 88,056 |
1 Mar 24 | Candice W Todd | Common Stock | Grant | Acquire A | No | No | 0 | 3,786 | 0.00 | 3,786 |
1 Mar 24 | David L Gadis | Common Stock | Grant | Acquire A | No | No | 0 | 3,786 | 0.00 | 10,647 |
1 Mar 24 | Anne H Lloyd | Common Stock | Grant | Acquire A | No | No | 0 | 3,786 | 0.00 | 16,722 |
News
Earnings Scheduled For April 23, 2024
23 Apr 24
Highwoods Properties Says It Sold In Series Of Transactions Non-Core Properties In Raleigh For Combined Gross Proceeds Of $79.4M
4 Apr 24
Morgan Stanley Maintains Underweight on Highwoods Props, Raises Price Target to $21
28 Mar 24
3 High-Yield REITs With The Best Total Return Over The Past Three Months
13 Feb 24