Highwoods Properties (HIW) Q1 FY2026 earnings: revenue $214 million, up 6.8% on the year

Highwoods Properties, Inc. (HIW) reported revenue of $214 million for Q1 FY2026, the quarter ended 31 March 2026, up 6.8% on the same quarter a year earlier. Net income was $31 million, down 67.8% on the year, and diluted earnings per share $0.29. The figures are the company's own, from the 10-Q it filed with the SEC on 28 April 2026.

Revenue$214 millionup 6.8%

Net income$31 milliondown 67.8%

Diluted EPS$0.29

QuarterQ1 FY2026ended 31 March 2026

The quarter, against the one before and a year earlier

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Revenue	214	203	200	+6.8%
Operating income	143	137	135	+5.6%
Operating margin	66.8%	67.2%	67.5%
Interest expense	41.7	39.7	36.6	+13.8%
Net income	31.4	28.7	97.4	-67.8%
Net margin	14.7%	14.1%	48.6%
Diluted EPS	$0.29	$0.25	$0.91	-68.1%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Operating cash flow	62.8	99.7	46.3	+35.7%
Capital expenditure	1.4	2.0	0.0	n/a
Free cash flow	61.4	97.7	46.3	+32.6%
Free cash flow margin	28.7%	48.0%	23.1%
Cash from investing	-340	-201	-27.2	n/a
Cash from financing	287	103	-13.3	n/a
Depreciation and amortisation	77.5	75.0	71.4	+8.6%
Share-based compensation	6.5	0.7	5.0	+29.9%
Dividends paid	55.0	55.0	53.8	+2.1%
Diluted shares, weighted	112m	111m	110m	+2.0%
Shares outstanding at period end	110m	110m	108m	+2.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Shareholders' equity	2,369	2,379	2,411	-1.7%
Non-controlling interest	202	3.9	4.2	+4718.5%
Redeemable equity	43.2	52.8	63.8	-32.3%
Debt	3,703	3,554	3,338	+10.9%
Other liabilities	279	284	258	+8.3%
Total liabilities and equity	6,597	6,274	6,075	+8.6%
Intangible assets	289	244	224	+28.8%
Cash and equivalents	32.4	27.4	20.1	+61.3%
Other assets	6,275	6,002	5,831	+7.6%
Total assets	6,597	6,274	6,075	+8.6%

Questions

What was Highwoods Properties' revenue in Q1 FY2026?

Highwoods Properties (HIW) reported revenue of $214 million for Q1 FY2026, the quarter ended 31 March 2026, up 6.8% on the same quarter a year earlier.

How much did Highwoods Properties earn in Q1 FY2026?

Net income for Q1 FY2026 was $31 million, down 67.8% on the year, and diluted earnings per share $0.29.

When did Highwoods Properties report Q1 FY2026 results?

Highwoods Properties filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 28 April 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	207	207	211	205	204	206	200	201	202	203	214	216
Operating income	140	137	141	140	139	134	135	137	136	137	143	146
Operating margin	68%	66%	67%	68%	68%	65%	68%	68%	67%	67%	67%	68%
Interest expense	34.2	35.3	36.6	35.9	37.5	37.3	36.6	37.7	38.5	39.7	41.7	41.7
Net income	22.1	38.0	26.1	62.9	14.6	-3.7	97.4	18.3	12.9	28.7	31.4	93.5
Net margin	11%	18%	12%	31%	7%	-2%	49%	9%	6%	14%	15%	43%
Diluted EPS	$0.21	$0.36	$0.25	$0.59	$0.14	-$0.04	$0.91	$0.17	$0.12	$0.25	$0.29	$0.85
Operating cash flow	103	103	72.4	130	97.5	104	46.3	117	96.7	99.7	62.8	125
Capital expenditure	7.5	7.7	2.6	1.6	0.0	0.0	0.0	0.6	1.4	2.0	1.4	0.3
Free cash flow	95.5	95.1	69.9	128	97.5	104	46.3	116	95.3	97.7	61.4	125
Dividends paid	52.8	52.8	52.9	53.0	53.0	53.5	53.8	53.9	54.0	55.0	55.0	55.2
Shares outstanding	106m	106m	106m	106m	106m	108m	108m	108m	110m	110m	110m	110m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2026, filed 28 April 2026, accession 0000921082-26-000035: the filing on EDGAR. All of Highwoods Properties, Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install