Highwoods Properties

OverviewSuggest Edit

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. 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.
TypePublic
Founded1978
HQRaleigh, US
Websitehighwoods.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Feb 2019)441
Job Openings8
Revenue (FY, 2016)$665.6 M(+11%)
Share Price (Jun 2019)$44 (-1%)

Key People/Management at Highwoods Properties

Ed Fritsch

Ed Fritsch

President, Chief Executive Officer and Director
Ted Klinck

Ted Klinck

Executive Vice President, Chief Operating and Investment Officer
Carman Liuzzo

Carman Liuzzo

Senior Vice President, Investments
Jeff Miller

Jeff Miller

Executive Vice President, General Counsel and Secretary
Mark Mulhern

Mark Mulhern

Executive Vice President and Chief Financial Officer
Randy Roberson

Randy Roberson

Senior Vice President, Development
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Highwoods Properties Office Locations

Highwoods Properties has offices in Raleigh, Richmond, Orlando, Nashville and in 6 other locations
Raleigh, US (HQ)
3100 Smoketree Ct #600
Atlanta, US
Atlanta, GA, USA
Fort Lauderdale, US
Fort Lauderdale, FL, USA
Greensboro, US
Greensboro, NC, USA
Memphis, US
Memphis, TN, USA
Nashville, US
Nashville, TN, USA
Show all (10)

Highwoods Properties Financials and Metrics

Highwoods Properties Revenue

Highwoods Properties's revenue was reported to be $665.63 m in FY, 2016 which is a 10.1% increase from the previous period.
USD

Net income (Q1, 2019)

8.4m

Market capitalization (10-Jun-2019)

4.6b

Closing stock price (10-Jun-2019)

44.0

Cash (31-Mar-2019)

4.8m
Highwoods Properties's current market capitalization is $4.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

556.8m608.5m604.7m665.6m

Revenue growth, %

9%(1%)10%

Cost of goods sold

86.1m76.6m69.1m71.4m

Gross profit

518.6m589.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cost of goods sold

22.0m21.5m20.7m19.5m18.6m17.9m16.2m17.2m18.4m17.9m17.4m

General and administrative expense

8.9m9.2m11.1m8.3m9.9m11.5m9.1m9.2m11.8m9.5m9.6m12.4m

Operating expense total

117.4m123.6m122.2m121.2m121.4m125.0m123.7m128.9m128.8m125.9m128.4m142.1m

Depreciation and amortization

51.2m54.7m53.5m55.3m52.9m56.1m55.8m57.0m57.6m56.7m57.7m69.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

10.2m8.8m5.0m49.5m3.3m3.8m

Accounts Receivable

Inventories

Total Assets

3.8b4.0b4.5b4.6b4.6b4.7b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

31.7m13.3m18.7m11.6m11.4m4.9m5.2m3.3m2.4m6.4m4.9m13.3m4.9m31.0m4.2m5.3m4.8m

Accounts Receivable

30.6m

Total Assets

3.9b3.8b3.9b3.9b4.0b4.0b4.5b4.5b4.6b4.5b4.5b4.6b4.6b4.7b4.7b4.7b4.7b

Total Liabilities

2.3b2.2b2.3b2.3b2.3b2.3b2.7b2.3b2.3b2.2b2.2b2.2b2.2b2.3b2.3b2.3b2.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

131.1m116.0m101.3m541.1m191.7m

Depreciation and Amortization

182.7m196.0m216.0m220.1m227.8m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

99.4m13.6m38.1m92.4m20.8m47.7m79.3m446.7m480.3m514.1m33.5m73.0m132.6m34.2m87.2m122.3m8.4m

Depreciation and Amortization

133.6m48.2m98.6m146.9m50.3m101.5m156.2m53.5m108.8m161.7m56.1m112.0m168.9m57.6m114.3m171.9m69.2m

Cash From Operating Activities

186.5m31.4m114.5m183.7m33.1m122.3m209.4m48.2m137.8m232.4m68.9m172.1m270.2m78.5m184.0m293.0m62.7m

Cash From Investing Activities

(401.6m)(44.3m)(133.1m)(159.2m)(47.1m)(116.8m)(564.1m)333.8m253.8m305.1m(83.7m)(156.6m)(176.6m)(145.6m)(201.8m)(290.9m)(81.5m)
USDY, 2019

Financial Leverage

2.2 x
Show all financial metrics

Highwoods Properties Online and Social Media Presence

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Highwoods Properties News and Updates

Highwoods Properties Frequently Asked Questions

  • When was Highwoods Properties founded?

    Highwoods Properties was founded in 1978.

  • Who are Highwoods Properties key executives?

    Highwoods Properties's key executives are Ed Fritsch, Ted Klinck and Carman Liuzzo.

  • How many employees does Highwoods Properties have?

    Highwoods Properties has 441 employees.

  • Who are Highwoods Properties competitors?

    Competitors of Highwoods Properties include Corporate Office Properties Trust, VEREIT and Preferred Apartment Communities.

  • Where is Highwoods Properties headquarters?

    Highwoods Properties headquarters is located at 3100 Smoketree Ct #600, Raleigh.

  • Where are Highwoods Properties offices?

    Highwoods Properties has offices in Raleigh, Richmond, Orlando, Nashville and in 6 other locations.

  • How many offices does Highwoods Properties have?

    Highwoods Properties has 10 offices.