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Profile - Highwoods Properties,Inc. (NYSE:HIW)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 23Dividend payment of $0.585
Aug  8Earnings Announcement
Location
3100 Smoketree Court, Suite 600
Raleigh, NC 27604
Phone: (919) 872-4924
Fax: (919) 876-2448
Email: websitemail@highwoods.com
Employees (last reported count): 542
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 15%
·Institutional: 59% (70% of float)
(304 institutions)
·Net Inst. Buying: 190.0K shares (+0.59%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Highwoods Properties, Inc. is a self-administered and self-managed equity real estate investment trust. The Company is an owner and operator of suburban office, industrial and retail properties in the southeastern and midwestern United States. As of December 31, 2000, the Company owned 493 in-service office, industrial and retail properties, encompassing approximately 36.2 million rentable square feet and 1,885 apartment units; owned an interest (50% or less) in 65 in-service office and industrial properties, encompassing approximately 6.2 million rentable square feet and 418 apartment units; owned 1,317 acres of undeveloped land suitable for future development; and was developing an additional 33 properties, which will encompass approximately 3.9 million rentable square feet (including seven properties encompassing 1.1 million rentable square feet that the Company is developing with its joint venture partners).
More from Market Guide: Expanded Business Description

Financial Summary
Highwoods Properties, Inc. is a self-administered and self-managed real estate investment trust specializing in the development, management, and leasing of office buildings in the United States. For the six months ended 6/30/01, total revenues fell 5% to $272.8 million. Net income before extraordinary item applicable to Common rose 56% to $59 million. Results reflect lower rental income due to the sale of certain properties, offset by higher asset sale gains.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

O. Temple Sloan, Jr., 61
Chairman
--  
Ronald Gibson, 55
Pres, CEO, Director
$519K
John Turner, 53
Vice Chairman, CIO
367K
Edward Fritsch, 41
Exec. VP, COO, Sec.
402K
Gene Anderson, 54
Sr. VP, Director
--  
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:HIWAs of 31-Aug-2001
Price and Volume
52-Week Low
on 30-Oct-2000
$21.00 
Recent Price$25.27 
52-Week High
on 3-July-2001
$26.78 
Beta0.33 
Daily Volume (3-month avg)158.6K
Daily Volume (10-day avg)157.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+4.7%
52-Week Change
relative to S&P500
+40.5%
Share-Related Items
Market Capitalization$1.36B
Shares Outstanding53.8M
Float45.7M
Dividends & Splits
Annual Dividend (indicated)$2.34 
Dividend Yield9.26%
Last Splitnone 
Per-Share Data
Book Value (mrq)$23.62 
Earnings (ttm)$2.22 
Earnings (mrq)$0.52 
Sales (ttm)$9.68 
Cash (mrq)$0.56 
Valuation Ratios
Price/Book (mrq)1.07 
Price/Earnings (ttm)11.40 
Price/Sales (ttm)2.61 
Income Statements
Sales (ttm)$553.0M
EBITDA (ttm)$376.8M
Income available to common (ttm)$126.8M
Profitability
Profit Margin (ttm)32.7%
Operating Margin (ttm)26.1%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)4.85%
Return on Equity (ttm)9.37%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)1.00 
Total Cash (mrq)$30.1M
Short Interest
As of 8-Aug-2001
Shares Short146.0K
Percent of Float0.3%
Shares Short
(Prior Month)
163.0K
Short Ratio1.17 
Daily Volume125.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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