Highwoods Properties Management

Management criteria checks 3/4

Highwoods Properties' CEO is Ted Klinck, appointed in Nov 2018, has a tenure of 5.17 years. total yearly compensation is $4.70M, comprised of 16.1% salary and 83.9% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth €13.91M. The average tenure of the management team and the board of directors is 4.6 years and 6.8 years respectively.

Key information

Ted Klinck

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	16.1%
CEO tenure	6yrs
CEO ownership	0.4%
Management average tenure	4.6yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ted Klinck's remuneration changed compared to Highwoods Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$141m
Jun 30 2024	n/a	n/a	US$149m
Mar 31 2024	n/a	n/a	US$128m
Dec 31 2023	US$5m	US$756k	US$146m
Sep 30 2023	n/a	n/a	US$136m
Jun 30 2023	n/a	n/a	US$152m
Mar 31 2023	n/a	n/a	US$160m
Dec 31 2022	US$5m	US$733k	US$157m
Sep 30 2022	n/a	n/a	US$254m
Jun 30 2022	n/a	n/a	US$288m
Mar 31 2022	n/a	n/a	US$297m
Dec 31 2021	US$4m	US$675k	US$311m
Sep 30 2021	n/a	n/a	US$268m
Jun 30 2021	n/a	n/a	US$236m
Mar 31 2021	n/a	n/a	US$214m
Dec 31 2020	US$3m	US$688k	US$345m
Sep 30 2020	n/a	n/a	US$323m
Jun 30 2020	n/a	n/a	US$310m
Mar 31 2020	n/a	n/a	US$313m
Dec 31 2019	US$2m	US$507k	US$134m
Sep 30 2019	n/a	n/a	US$128m
Jun 30 2019	n/a	n/a	US$133m
Mar 31 2019	n/a	n/a	US$144m
Dec 31 2018	US$2m	US$446k	US$169m
Sep 30 2018	n/a	n/a	US$173m
Jun 30 2018	n/a	n/a	US$197m
Mar 31 2018	n/a	n/a	US$184m
Dec 31 2017	US$2m	US$427k	US$183m

Compensation vs Market: Ted's total compensation ($USD4.70M) is above average for companies of similar size in the German market ($USD1.93M).

Compensation vs Earnings: Ted's compensation has been consistent with company performance over the past year.

CEO

Ted Klinck (58 yo)

6yrs

Tenure

US$4,702,879

Compensation

Mr. Theodore J. Klinck, also known as Ted, has been Chief Executive Officer and Director at Highwoods Properties, Inc. since September 1, 2019 and has been its President November 28, 2018. He served as Chi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Theodore Klinck	President	6yrs	US$4.70m	0.42% € 13.9m
Brendan Maiorana	Executive VP & CFO	2.8yrs	US$1.89m	0.097% € 3.2m
Brian Leary	Executive VP & COO	5.3yrs	US$1.88m	0.12% € 3.8m
Jeffrey Miller	Executive VP	17.7yrs	US$1.33m	0.15% € 5.0m
Carman Liuzzo	Senior Vice President of Investments	7.8yrs	US$946.17k	no data
Daniel Clemmens	VP & Chief Accounting Officer	17.3yrs	no data	no data
Ryan Hunt	VP & Chief Information Officer	3.4yrs	no data	no data
Thomas Hill	Senior VP & Raleigh Market Leader	3.8yrs	no data	no data
Steven Garrity	Senior VP & Orlando Market Leader	3.8yrs	no data	no data
Daniel Woodward	Senior VP & Tampa Market Leader	3.6yrs	no data	no data
L. Roberson	Senior Vice President of Development	7.8yrs	no data	no data
Jane Dufrane	Senior VP & Richmond Market Leader	3.6yrs	no data	no data

4.6yrs

Average Tenure

53yo

Average Age

Experienced Management: HQS's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Theodore Klinck	President	5.2yrs	US$4.70m	0.42% € 13.9m
Gene Anderson	Independent Director	27.8yrs	US$168.45k	0.77% € 25.5m
Anne Lloyd	Independent Director	6.8yrs	US$188.45k	0.016% € 524.5k
Carlos Evans	Independent Chairman of the Board	9.8yrs	US$205.95k	0.063% € 2.1m
Charles Anderson	Independent Director	10.5yrs	US$160.95k	0.021% € 702.4k
Thomas Anderson	Independent Director	4.8yrs	US$160.95k	0.015% € 506.5k
David Gadis	Independent Director	3.8yrs	US$158.45k	0.010% € 333.9k
David Hartzell	Independent Director	15.8yrs	US$168.45k	0.027% € 901.3k
Candice Todd	Independent Director	less than a year	no data	0.0036% € 118.7k

6.8yrs

Average Tenure

63yo

Average Age

Experienced Board: HQS's board of directors are considered experienced (6.8 years average tenure).

Highwoods Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Highwoods Properties, Inc., Annual General Meeting, May 14, 2024

Independent Chairman of the Board recently bought €438k worth of stock

Highwoods Properties, Inc. Elects Candice Todd to Board of Directors, Effective January 30, 2024

President recently bought €91k worth of stock

Insufficient new directors

President recently bought €144k worth of stock

Recent updates

Upcoming dividend of US$0.50 per share

Third quarter dividend of US$0.50 announced

Upcoming dividend of US$0.50 per share

Second quarter 2024 earnings released: EPS: US$0.59 (vs US$0.40 in 2Q 2023)

First quarter dividend of US$0.50 announced

Highwoods Properties, Inc. Declares Quarterly Dividend for the Quarter Ended June 30, 2024, Payable on September 10, 2024

Upcoming dividend of US$0.50 per share

First quarter 2024 earnings released: EPS: US$0.25 (vs US$0.42 in 1Q 2023)

Fourth quarter dividend of US$0.50 announced

Highwoods Properties, Inc. Declares Quarterly Dividends, Payable on June 11, 2024

Highwoods Properties, Inc., Annual General Meeting, May 14, 2024

Independent Chairman of the Board recently bought €438k worth of stock

Upcoming dividend of US$0.50 per share at 8.3% yield

Full year 2023 earnings released: EPS: US$1.39 (vs US$1.49 in FY 2022)

Third quarter dividend of US$0.50 announced

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended December 31, 2023, Payable on March 12, 2024

Investor sentiment improves as stock rises 16%

Highwoods Properties, Inc. Elects Candice Todd to Board of Directors, Effective January 30, 2024

Upcoming dividend of US$0.50 per share at 11% yield

Highwoods Properties, Inc. to Report Q3, 2024 Results on Oct 22, 2024

Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.36 in 3Q 2022)

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended September 30, 2023, Payable on December 12, 2023

Upcoming dividend of US$0.50 per share at 8.2% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.40 (vs US$0.48 in 2Q 2022)

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended June 30, 2023, Payable on September 12, 2023

Investor sentiment improves as stock rises 15%

An unknown buyer acquired One Independence Park from Highwoods Properties, Inc. (NYSE:HIW) for $19.5 million.

An unknown buyer acquired One Independence Park from Highwoods Properties, Inc. (NYSE:HIW) for $19.5 million.

Upcoming dividend of US$0.50 per share at 9.4% yield

First quarter 2023 earnings released: EPS: US$0.42 (vs US$0.38 in 1Q 2022)

President recently bought €91k worth of stock

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of US$0.50 per share at 6.8% yield

Full year 2022 earnings released: EPS: US$1.49 (vs US$2.98 in FY 2021)

Highwoods Properties, Inc. Declares Quarterly Dividend, Payable on March 14, 2023

Insufficient new directors

Upcoming dividend of US$0.50 per share

Highwoods Properties, Inc. to Report Q2, 2023 Results on Jul 25, 2023

Third quarter 2022 earnings released: FFO per share: US$1.1 (vs US$0.99 in 3Q 2021)

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended September 30, 2022, Payable on December 13, 2022

President recently bought €144k worth of stock

Highwoods Properties, Inc. (NYSE:HIW) completed the acquisition of 650 South Tryon at Legacy Union in United States..

Upcoming dividend of US$0.50 per share

Highwoods Declares Dividend for the Quarter Ended June 30, 2022, Payable on September 13, 2022

Second quarter 2022 earnings released: FFO: US$204.2m per share (vs US$0.96 in 2Q 2021)

Upcoming dividend of US$0.50 per share

Highwoods Properties, Inc. (NYSE:HIW) agreed to acquire Mixed-Use Development Site at 1426 South Tryon Street in South End for $27 million.

Highwoods Properties, Inc., Annual General Meeting, May 10, 2022

First quarter 2022 earnings released: FFO: US$206.7m per share (vs US$0.94 in 1Q 2021)

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended March 31, 2022, Payable on June 14, 2022

Upcoming dividend of US$0.50 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended December 31, 2021, Payable on March 15, 2022

An unknown buyer acquired Two Office Buildings in Richmond, Virginia from Highwoods Properties, Inc. (NYSE:HIW) for $20.8 million.

Third quarter 2021 earnings released: EPS US$0.69 (vs US$0.39 in 3Q 2020)

Upcoming dividend of US$0.50 per share

Second quarter 2021 earnings released: FFO US$0.96 per share (vs US$0.95 in 2Q 2020)

Upcoming dividend of US$0.48 per share

First quarter 2021 earnings released: FFO US$0.94 per share (vs US$0.95 in 1Q 2020)

Full year 2020 earnings released: FFO US$3.68 per share (vs US$3.42 in FY 2019)

Revenue misses expectations

New 90-day high: €33.80

An unknown buyer acquired 100,000 Square Foot Office Building in Atlanta from Highwoods Properties, Inc. (NYSE:HIW) for $30.7 million.

New 90-day high: €33.40

New 90-day high: €31.80

Highwoods Properties, Inc. Announces Executive Changes

Market bids up stock over the past week

An unknown buyer acquired Three Building Office Portfolio and Medical Office Building Portfolio in Greensboro and Memphis from Highwoods Properties, Inc. (NYSE:HIW).