Highwoods Properties (HIW) Revenue & Revenue Breakdown
Highwoods Properties Revenue Highlights
Latest Revenue (Y)
$834.00M
Latest Revenue (Q)
$204.74M
Main Segment (Y)
Office Total Segment
Main Geography (Y)
Office Atlanta, GA
Highwoods Properties Revenue by Period
Highwoods Properties Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $834.00M | 0.61% |
| 2022-12-31 | $828.93M | 7.93% |
| 2021-12-31 | $768.01M | 4.22% |
| 2020-12-31 | $736.90M | 0.13% |
| 2019-12-31 | $735.98M | 2.21% |
| 2018-12-31 | $720.03M | 2.46% |
| 2017-12-31 | $702.74M | 5.57% |
| 2016-12-31 | $665.63M | 10.08% |
| 2015-12-31 | $604.67M | -0.62% |
| 2014-12-31 | $608.47M | 9.28% |
| 2013-12-31 | $556.81M | 7.89% |
| 2012-12-31 | $516.10M | 6.89% |
| 2011-12-31 | $482.85M | 4.22% |
| 2010-12-31 | $463.32M | 2.05% |
| 2009-12-31 | $454.03M | -1.51% |
| 2008-12-31 | $461.00M | 5.48% |
| 2007-12-31 | $437.06M | 4.86% |
| 2006-12-31 | $416.80M | 1.48% |
| 2005-12-31 | $410.70M | -11.62% |
| 2004-12-31 | $464.72M | 10.11% |
| 2003-12-31 | $422.06M | -7.08% |
| 2002-12-31 | $454.22M | -15.98% |
| 2001-12-31 | $540.62M | -4.56% |
| 2000-12-31 | $566.43M | -3.16% |
| 1999-12-31 | $584.93M | 13.76% |
| 1998-12-31 | $514.19M | 87.34% |
| 1997-12-31 | $274.47M | 99.00% |
| 1996-12-31 | $137.93M | 87.65% |
| 1995-12-31 | $73.50M | 278.87% |
| 1994-12-31 | $19.40M | - |
Highwoods Properties generated $834.00M in revenue during NA 2023, up 0.61% compared to the previous quarter, and up 115.83% compared to the same period a year ago.
Highwoods Properties Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $204.74M | -3.25% |
| 2024-03-31 | $211.63M | 2.30% |
| 2023-12-31 | $206.86M | -0.11% |
| 2023-09-30 | $207.09M | -0.09% |
| 2023-06-30 | $207.29M | -2.57% |
| 2023-03-31 | $212.75M | 0.49% |
| 2022-12-31 | $211.71M | 2.28% |
| 2022-09-30 | $207.00M | 1.55% |
| 2022-06-30 | $203.84M | -1.23% |
| 2022-03-31 | $206.38M | 1.56% |
| 2021-12-31 | $203.21M | 3.94% |
| 2021-09-30 | $195.50M | 5.39% |
| 2021-06-30 | $185.50M | 0.92% |
| 2021-03-31 | $183.81M | 2.17% |
| 2020-12-31 | $179.90M | -0.63% |
| 2020-09-30 | $181.04M | -1.15% |
| 2020-06-30 | $183.15M | -5.00% |
| 2020-03-31 | $192.80M | 0.38% |
| 2019-12-31 | $192.07M | 2.45% |
| 2019-09-30 | $187.47M | 1.85% |
| 2019-06-30 | $184.07M | 6.79% |
| 2019-03-31 | $172.36M | -4.98% |
| 2018-12-31 | $181.39M | 1.10% |
| 2018-09-30 | $179.42M | 0.35% |
| 2018-06-30 | $178.79M | -0.91% |
| 2018-03-31 | $180.44M | 2.60% |
| 2017-12-31 | $175.86M | -2.40% |
| 2017-09-30 | $180.19M | 1.64% |
| 2017-06-30 | $177.28M | 4.65% |
| 2017-03-31 | $169.41M | 1.05% |
| 2016-12-31 | $167.65M | 0.83% |
| 2016-09-30 | $166.27M | -0.35% |
| 2016-06-30 | $166.86M | 1.21% |
| 2016-03-31 | $164.86M | 34.59% |
| 2015-12-31 | $122.49M | -25.19% |
| 2015-09-30 | $163.74M | 1.61% |
| 2015-06-30 | $161.14M | 2.43% |
| 2015-03-31 | $157.31M | 1.71% |
| 2014-12-31 | $154.66M | 1.33% |
| 2014-09-30 | $152.63M | -0.06% |
| 2014-06-30 | $152.72M | 2.88% |
| 2014-03-31 | $148.45M | 5.40% |
| 2013-12-31 | $140.85M | -4.38% |
| 2013-09-30 | $147.29M | 6.34% |
| 2013-06-30 | $138.51M | 1.08% |
| 2013-03-31 | $137.03M | 2.27% |
| 2012-12-31 | $133.98M | 4.50% |
| 2012-09-30 | $128.21M | -1.93% |
| 2012-06-30 | $130.74M | 0.61% |
| 2012-03-31 | $129.94M | 0.94% |
| 2011-12-31 | $128.73M | 5.44% |
| 2011-09-30 | $122.09M | 4.30% |
| 2011-06-30 | $117.06M | 1.27% |
| 2011-03-31 | $115.59M | -1.93% |
| 2010-12-31 | $117.86M | 1.55% |
| 2010-09-30 | $116.06M | 1.51% |
| 2010-06-30 | $114.34M | -1.28% |
| 2010-03-31 | $115.82M | 2.03% |
| 2009-12-31 | $113.52M | -0.62% |
| 2009-09-30 | $114.23M | 0.81% |
| 2009-06-30 | $113.31M | -2.29% |
| 2009-03-31 | $115.97M | 0.97% |
| 2008-12-31 | $114.85M | -1.17% |
| 2008-09-30 | $116.21M | 0.31% |
| 2008-06-30 | $115.85M | - |
Highwoods Properties generated $204.74M in revenue during Q2 2024, up -3.25% compared to the previous quarter, and up 96.23% compared to the same period a year ago.
Highwoods Properties Revenue Breakdown
Highwoods Properties Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Office Charlotte, NC | $85.98M | $73.72M | $49.35M | $35.73M | $4.65M |
| Office Orlando, FL | $58.00M | $54.80M | $51.28M | $49.46M | $52.68M |
| Office Raleigh, NC | $181.96M | $182.99M | $162.12M | $128.19M | $122.17M |
| Office Richmond, VA | $35.92M | $43.08M | $45.94M | $48.08M | $49.43M |
| Office Tampa, FL | $99.42M | $94.73M | $97.95M | $99.52M | $86.43M |
| Office Total Segment | $776.83M | $767.57M | $757.29M | $704.29M | $722.91M |
| Total Corporate Segment | $57.17M | $61.36M | $10.71M | $32.61M | $13.07M |
| Office Nashville, TN | $171.80M | $174.34M | $149.67M | $138.09M | $133.87M |
| Office Pittsburgh, PA | - | - | $57.37M | $58.52M | $60.76M |
| Office Greensboro, NC | - | - | - | - | $22.15M |
| Office Memphis, TN | - | - | - | - | $39.49M |
Highwoods Properties's latest annual revenue breakdown by segment (product or service), as of Dec 23: Office Total Segment (52.95%), Office Raleigh, NC (12.40%), Office Nashville, TN (11.71%), Office Tampa, FL (6.78%), Office Charlotte, NC (5.86%), Office Orlando, FL (3.95%), Total Corporate Segment (3.90%), and Office Richmond, VA (2.45%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Office Tampa, FL | $24.44M | $24.58M | $24.08M | $25.00M | $24.95M | $25.39M | $23.56M | $23.59M | $23.56M | $24.02M | $23.79M | $23.86M | $25.89M | $24.42M | $24.34M | $24.57M | $25.36M | $25.24M | $23.80M | $23.56M |
| Office Raleigh, NC | $42.63M | $45.18M | $45.03M | $45.35M | $45.70M | $45.88M | $45.94M | $45.22M | $45.53M | $46.30M | $44.95M | $42.47M | $37.66M | $37.04M | $32.40M | $32.04M | $31.20M | $32.55M | $31.71M | $30.69M |
| Office Orlando, FL | $14.80M | $14.78M | $14.70M | $14.36M | $14.55M | $14.39M | $14.50M | $13.63M | $13.35M | $13.31M | $13.14M | $12.85M | $12.73M | $12.56M | $12.62M | $11.52M | $12.30M | $13.02M | $12.90M | $12.85M |
| Office Nashville, TN | $40.52M | $45.04M | $41.71M | $42.88M | $42.64M | $44.56M | $43.70M | $44.59M | $42.61M | $43.45M | $42.80M | $36.14M | $35.58M | $35.16M | $34.31M | $34.66M | $34.62M | $34.50M | $34.61M | $34.75M |
| Office Charlotte, NC | $22.26M | $21.72M | $22.53M | $21.08M | $20.79M | $21.58M | $21.08M | $18.82M | $16.87M | $16.94M | $16.98M | $14.31M | $8.92M | $9.13M | $8.93M | $8.86M | $9.01M | $8.93M | - | - |
| Office Total Segment | $190.32M | $196.73M | $192.62M | $193.09M | $193.14M | $197.99M | $197.13M | $192.53M | $202.71M | $205.06M | $202.15M | $192.57M | $182.20M | $180.37M | $175.35M | $173.98M | $175.54M | $191.79M | $188.72M | $184.19M |
| Office Richmond, VA | $9.06M | $9.00M | $8.81M | $8.75M | $9.05M | $9.31M | $11.25M | $10.87M | $10.43M | $10.53M | $10.68M | $12.05M | $11.75M | $11.46M | $12.11M | $11.88M | $11.83M | $12.26M | $12.22M | $12.58M |
| Corporate and Other | - | $14.54M | $14.01M | $14.15M | $14.77M | $14.46M | $1.13M | $1.32M | $2.92M | $3.30M | $3.43M | $7.06M | $7.61M | $1.01M | $3.28M | - | - | - | - | - |
| Office Pittsburgh, PA | - | - | - | - | - | - | - | - | $14.91M | $14.95M | $14.58M | $14.22M | $13.95M | $14.62M | $14.46M | $14.43M | $14.68M | $14.95M | $15.29M | $15.15M |
| Office Memphis, TN | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.65M | $9.82M | $9.97M |
| Office Piedmont Triad, NC | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.73M | $5.52M | - |
Highwoods Properties's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Office Total Segment (55.32%), Office Raleigh, NC (12.39%), Office Nashville, TN (11.78%), Office Tampa, FL (7.10%), Office Charlotte, NC (6.47%), Office Orlando, FL (4.30%), and Office Richmond, VA (2.63%).
Highwoods Properties Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Office Atlanta, GA | $143.74M | $143.90M | $143.61M | $146.70M | $151.28M |
Highwoods Properties's latest annual revenue breakdown by geography, as of Dec 23: Office Atlanta, GA (100.00%).
Quarterly Revenue by Country
| Country | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Office Atlanta, GA | $36.61M | $36.44M | $35.75M | $35.67M | $35.45M | $36.87M | $37.10M | $35.80M | $35.45M | $35.55M | $35.23M | $36.67M | $35.74M | $35.98M | $36.19M | $36.02M | $36.54M | $37.96M | $38.16M | $39.12M |
Highwoods Properties's latest quarterly revenue breakdown by geography, as of Jun 24: Office Atlanta, GA (100.00%).
Highwoods Properties Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| KRC | Kilroy Realty | $1.13B | $280.73M |
| DEI | Douglas Emmett | $1.02B | $245.78M |
| HPP | Hudson Pacific Properties | $952.30M | $218.00M |
| HIW | Highwoods Properties | $834.00M | $204.74M |
| CUZ | Cousins Properties | $801.50M | $212.57M |
| PDM | Piedmont Office Realty Trust | $678.66M | $6.11M |
| BDN | Brandywine Realty Trust | $514.65M | $125.35M |
| EQC | Equity Commonwealth | $5.19M | $14.11M |
HIW Revenue FAQ
What is Highwoods Properties’s yearly revenue?
Highwoods Properties's yearly revenue for 2023 was $834M, representing an increase of 0.61% compared to 2022. The company's yearly revenue for 2022 was $828.93M, representing an increase of 7.93% compared to 2021. HIW's yearly revenue for 2021 was $768.01M, representing an increase of 4.22% compared to 2020.
What is Highwoods Properties’s quarterly revenue?
Highwoods Properties's quarterly revenue for Q2 2024 was $204.74M, a -3.25% decrease from the previous quarter (Q1 2024), and a -1.23% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $211.63M, a 2.30% increase from the previous quarter (Q4 2023), and a -0.53% decrease year-over-year (Q1 2023). HIW's quarterly revenue for Q4 2023 was $206.86M, a -0.11% decrease from the previous quarter (Q3 2023), and a -2.29% decrease year-over-year (Q4 2022).
What is Highwoods Properties’s revenue growth rate?
Highwoods Properties's revenue growth rate for the last 3 years (2021-2023) was 8.59%, and for the last 5 years (2019-2023) was 13.32%.
What are Highwoods Properties’s revenue streams?
Highwoods Properties's revenue streams in c 23 are Office Charlotte, NC, Office Orlando, FL, Office Raleigh, NC, Office Richmond, VA, Office Tampa, FL, Office Total Segment, Total Corporate Segment, and Office Nashville, TN. Office Charlotte, NC generated $85.98M in revenue, accounting 5.86% of the company's total revenue, up 16.63% year-over-year. Office Orlando, FL generated $58M in revenue, accounting 3.95% of the company's total revenue, up 5.84% year-over-year. Office Raleigh, NC generated $181.96M in revenue, accounting 12.40% of the company's total revenue, down -0.56% year-over-year. Office Richmond, VA generated $35.92M in revenue, accounting 2.45% of the company's total revenue, down -16.63% year-over-year. Office Tampa, FL generated $99.42M in revenue, accounting 6.78% of the company's total revenue, up 4.96% year-over-year. Office Total Segment generated $776.83M in revenue, accounting 52.95% of the company's total revenue, up 1.21% year-over-year. Total Corporate Segment generated $57.17M in revenue, accounting 3.90% of the company's total revenue, down -6.83% year-over-year. Office Nashville, TN generated $171.8M in revenue, accounting 11.71% of the company's total revenue, down -1.46% year-over-year.
What is Highwoods Properties’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Highwoods Properties was Office Total Segment. This segment made a revenue of $776.83M, representing 52.95% of the company's total revenue.