Highwoods Properties Management
Management criteria checks 4/4
Highwoods Properties' CEO is Ted Klinck, appointed in Nov 2018, has a tenure of 6.08 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 $13.61M. The average tenure of the management team and the board of directors is 4.7 years and 6.9 years respectively.
Key information
Ted Klinck
Chief executive officer
US$4.7m
Total compensation
| CEO salary percentage | 16.1% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.4% |
| Management average tenure | 4.7yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
Highwoods Properties: The Pullback Makes It An Attractive Income Play With Upside Potential
Dec 13Highwoods Properties: Resilient REIT That Offers Long-Term Upside As Leasing Activity Ramps Up
Oct 21Highwoods Properties: Once A Strong Buy, Now A Hold
Sep 09Highwoods Properties: A 6.5% Yield Isn't Enticing Enough Even After A Good Q2
Jul 30Highwoods Properties Offers A Nice Yield At A Reasonable Price
Jul 07Highwoods Properties: Long-Term Investors Should Consider This Near 8% Yielding REIT
May 02Highwoods Properties: Nothing Could Be Finer Than A REIT From Carolina
Mar 19Highwoods Properties Q4: Strictly An Income Play While The Sector Recovers
Feb 10Highwoods Properties: Cheap But Now A Hold (Downgrade)
Jan 22Highwoods Properties: Fly To Quality With This 8.5% Yield
Jan 10Highwoods: A Safe ~11% Yield And Significant Potential Upside
Oct 29Highwoods Properties: Solid FFO Growth, Strong Leadership Makes It A Buy
Oct 21Highwoods Properties: Likely To Remain Stagnant
Sep 06Highwoods Properties: Up Since Trough, But Still A 'Buy'
Jul 15Highwoods Properties: A Buy Rating With A Generous Dividend Yield Of 6.62%
Feb 01Highwoods Properties: 7.3% Yield Offers Great Opportunity
Dec 22Highwoods Properties works with Bromley to develop office in Tampa, Florida
Dec 13Highwoods Properties FFO of $1.04 beats by $0.08, revenue of $207M beats by $1.87M
Oct 25Stick To The Sunbelt And Buy Highwoods Properties
Oct 19Highwoods gets new $200M term loan, bringing total loans to $550M for the year
Oct 11Highwoods reports no notable damage from hurricane Ian
Oct 03Highwoods Properties closes $203M acquisition of office building
Aug 17Highwoods Properties: Nothing Could Be Finer Than This REIT In Carolina
Aug 04Highwoods Properties Q2 2022 Earnings Preview
Jul 25Highwoods Properties: Buy The Dip And Start The DRIP
Jun 28CEO Compensation Analysis
| 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 about average for companies of similar size in the US market ($USD6.65M).
Compensation vs Earnings: Ted's compensation has been consistent with company performance over the past year.
CEO
Ted Klinck (58 yo)
6.1yrs
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 |
|---|---|---|---|---|
| President | 6.1yrs | US$4.70m | 0.42% $ 13.6m | |
| Executive VP & CFO | 2.9yrs | US$1.89m | 0.097% $ 3.1m | |
| Executive VP & COO | 5.4yrs | US$1.88m | 0.12% $ 3.8m | |
| Executive VP | 17.8yrs | US$1.33m | 0.15% $ 4.8m | |
| Senior Vice President of Investments | 7.9yrs | US$946.17k | no data | |
| VP & Chief Accounting Officer | 17.3yrs | no data | no data | |
| VP & Chief Information Officer | 3.5yrs | no data | no data | |
| Senior VP & Raleigh Market Leader | 3.9yrs | no data | no data | |
| Senior VP & Orlando Market Leader | 3.9yrs | no data | no data | |
| Senior VP & Tampa Market Leader | 3.7yrs | no data | no data | |
| Senior Vice President of Development | 7.9yrs | no data | no data | |
| Senior VP & Richmond Market Leader | 3.7yrs | no data | no data |
4.7yrs
Average Tenure
53yo
Average Age
Experienced Management: HIW's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$4.70m | 0.42% $ 13.6m | |
| Independent Director | 27.8yrs | US$168.45k | 0.77% $ 24.9m | |
| Independent Director | 6.9yrs | US$188.45k | 0.016% $ 513.1k | |
| Independent Chairman of the Board | 9.9yrs | US$205.95k | 0.063% $ 2.0m | |
| Independent Director | 10.6yrs | US$160.95k | 0.021% $ 687.2k | |
| Independent Director | 4.9yrs | US$160.95k | 0.015% $ 495.6k | |
| Independent Director | 3.9yrs | US$158.45k | 0.010% $ 326.7k | |
| Independent Director | 15.8yrs | US$168.45k | 0.027% $ 881.8k | |
| Independent Director | less than a year | no data | 0.0036% $ 116.2k |
6.9yrs
Average Tenure
63yo
Average Age
Experienced Board: HIW's board of directors are considered experienced (6.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 11:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Highwoods Properties, Inc. is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Jing Xian Tan Bonnel | BofA Global Research |
| James Sullivan | BTIG |