Highwoods Properties Past Earnings Performance

Past criteria checks 3/6

Highwoods Properties's earnings have been declining at an average annual rate of -11.7%, while the Office REITs industry saw earnings declining at 0.5% annually. Revenues have been growing at an average rate of 3.2% per year. Highwoods Properties's return on equity is 6%, and it has net margins of 17.1%.

Key information

-11.7%

Earnings growth rate

-12.1%

EPS growth rate

Office REITs Industry Growth	4.8%
Revenue growth rate	3.2%
Return on equity	6.0%
Net Margin	17.1%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Highwoods Properties makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:HQS Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	829	141	44
30 Jun 24	831	149	43
31 Mar 24	834	128	43
31 Dec 23	835	146	43
30 Sep 23	841	136	40
30 Jun 23	841	152	41
31 Mar 23	837	160	41
31 Dec 22	830	157	42
30 Sep 22	822	254	43
30 Jun 22	810	288	44
31 Mar 22	792	297	44
31 Dec 21	770	311	41
30 Sep 21	747	268	41
30 Jun 21	733	236	40
31 Mar 21	732	214	40
31 Dec 20	741	345	41
30 Sep 20	753	323	41
30 Jun 20	759	310	43
31 Mar 20	760	313	43
31 Dec 19	739	134	44
30 Sep 19	728	128	43
30 Jun 19	720	133	41
31 Mar 19	714	144	41
31 Dec 18	722	169	40
30 Sep 18	717	173	41
30 Jun 18	722	197	40
31 Mar 18	721	184	40
31 Dec 17	710	183	40
30 Sep 17	702	152	39
30 Jun 17	686	127	39
31 Mar 17	676	121	39
31 Dec 16	671	103	38
30 Sep 16	662	95	38
30 Jun 16	644	89	37
31 Mar 16	626	78	38
31 Dec 15	610	79	38
30 Sep 15	552	65	37
30 Jun 15	553	91	36
31 Mar 15	557	93	36
31 Dec 14	557	89	35
30 Sep 14	607	104	36
30 Jun 14	600	66	38
31 Mar 14	581	56	37
31 Dec 13	508	34	36

Quality Earnings: HQS has a large one-off gain of $69.9M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: HQS's current net profit margins (17.1%) are higher than last year (16.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HQS's earnings have declined by 11.7% per year over the past 5 years.

Accelerating Growth: HQS's earnings growth over the past year (4.2%) exceeds its 5-year average (-11.7% per year).

Earnings vs Industry: HQS earnings growth over the past year (4.2%) exceeded the Office REITs industry -11.7%.

Highwoods Properties Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

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

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

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

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)

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

Recent updates

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).

Third quarter earnings released