Highwoods Properties, Inc. HIW
- Market cap
- $3.3B
- P/E
- 19.8×
Follow HIW
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38.08 | 48.42 | 37.09 | 37.59 | 25.10 | 36.90 | 24.51 | 17.06 | 21.37 | 24.19 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 56.23 | 53.34 | 52.00 | 49.04 | 52.76 | 48.98 | 47.44 | 31.88 | 36.78 | 32.76 |
High Price
|
|||
| 438 | 441 | 442 | 431 | 359 | 348 | 345 | 349 | 350 | 315 |
Employees
|
|||
| 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
Revenue/Emp
|
|||
| 666 | 703 | 720 | 736 | 737 | 768 | 829 | 834 | 826 | 806 |
Revenue
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|||
| 65.28% | 66.29% | 66.33% | 66.23% | 68.54% | 69.21% | 68.66% | 67.77% | 67.04% | 67.58% |
Gross Margin
|
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| 123 | 192 | 178 | 142 | 358 | 323 | 164 | 151 | 104 | 163 |
EBT
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| 18.41% | 27.27% | 24.67% | 19.25% | 48.57% | 42.10% | 19.78% | 18.15% | 12.62% | 20.18% |
EBT Margin
|
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| 541 | 192 | 178 | 142 | 358 | 323 | 164 | 151 | 104 | 163 |
Net Income
|
|||
| 224 | 232 | 230 | 257 | 244 | 263 | 292 | 305 | 306 | 303 |
Depreciation
|
|||
| 6.76 | 6.84 | 6.96 | 7.10 | 7.09 | 7.37 | 7.89 | 7.90 | 7.78 | 7.43 |
Revenue/Sh
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| 5.30 | 1.78 | 1.64 | 1.30 | 3.32 | 2.98 | 1.49 | 1.39 | 0.94 | 1.45 |
Earnings/Sh
|
|||
| 3.11 | 3.43 | 3.47 | 3.53 | 3.45 | 3.98 | 4.01 | 3.67 | 3.80 | 3.31 |
Cash Flow/Sh
|
|||
| 2.28 | (1.92) | (2.92) | (5.78) | 1.17 | (1.45) | (3.20) | (1.20) | (1.31) | (4.16) |
Capex/Sh
|
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| 5.38 | 1.52 | 0.55 | (2.25) | 4.61 | 2.53 | 0.81 | 2.46 | 2.49 | (0.85) |
Free CF/Sh
|
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| 21.88 | 21.79 | 21.89 | 20.97 | 22.70 | 23.98 | 23.77 | 23.10 | 22.28 | 21.97 |
Book Value/Sh
|
|||
| 98 | 103 | 103 | 104 | 104 | 104 | 105 | 106 | 106 | 108 |
Shares
|
|||
| 9.55 | 28.53 | 23.74 | 37.62 | 11.90 | 15.01 | 18.99 | 16.78 | 32.26 | 17.68 |
PE Ratio
|
|||
| 7.60 | 7.42 | 5.56 | 6.89 | 5.59 | 6.05 | 3.56 | 2.95 | 3.93 | 3.47 |
PS Ratio
|
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| 2.38 | 2.36 | 1.79 | 2.36 | 1.77 | 1.88 | 1.20 | 1.02 | 1.39 | 1.19 |
PB Ratio
|
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| 10.40 | 10.16 | 8.44 | 10.33 | 8.68 | 9.64 | 7.39 | 6.77 | 7.88 | 7.83 |
EV/Sales
|
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| 13.07 | 45.85 | 107.21 | (32.51) | 13.35 | 28.12 | 71.74 | 21.72 | 24.58 | (68.72) |
EV/FCF
|
|||
| 306 | 353 | 359 | 366 | 358 | 415 | 422 | 387 | 404 | 359 |
Op' Cash Flow
|
|||
| 224 | (197) | (302) | (600) | 121 | (151) | (336) | (127) | (139) | (451) |
Capex
|
|||
| 530 | 156 | 57 | (234) | 479 | 263 | 85 | 260 | 265 | (92) |
FCF
|
|||
| (36) | 91 | 43 | (13) | 209 | 20 | 45 | 73 | 77 | 118 |
Working Cap'
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| 1,948 | 2,014 | 2,086 | 2,544 | 2,470 | 2,789 | 3,197 | 3,213 | 3,294 | 3,554 |
Total Debt
|
|||
| 1,869 | 1,926 | 2,076 | 2,529 | 2,281 | 2,758 | 3,171 | 3,182 | 3,260 | 3,511 |
Net Debt
|
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| 2,154 | 2,237 | 2,264 | 2,174 | 2,358 | 2,500 | 2,499 | 2,438 | 2,365 | 2,383 |
Sh' Equity
|
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| 11.54% | 3.98% | 3.64% | 2.74% | 6.67% | 5.70% | 2.66% | 2.42% | 1.66% | 2.56% |
ROA
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| 2.74% | 2.96% | 2.98% | 2.43% | 2.97% | 2.76% | 2.23% | 2.48% | 2.09% | 2.13% |
ROIC
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| 28.09% | 8.44% | 7.62% | 6.14% | 15.42% | 12.95% | 6.34% | 5.99% | 4.20% | 6.70% |
ROE
|
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Highwoods Properties, Inc. peers in Reit Office
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SLG SL Green Realty Corporation | $3.9B | 0.0× | Compare |
| KRC Kilroy Realty Corporation | $4.0B | 23.9× | Compare |
| CUZ Cousins Properties Incorporated | $4.7B | 716× | Compare |
| DEI Douglas Emmett, Inc. | $1.6B | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| VNO Vornado Realty Trust | $7.0B | 1,737× | Compare |
| CDP COPT Defense Properties | $7.6B | 23.5× | Compare |
| ARE Alexandria Real Estate Equities, Inc. | $9.1B | 0.0× | Compare |
| PDM Piedmont Realty Trust, Inc. | $1.2B | 0.0× | Compare |
Highwoods Properties, Inc. (HIW) key facts
- Highwoods Properties, Inc. (HIW) is a Reit Office company in the Real Estate sector, listed on the New York Stock Exchange.
- Highwoods Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $806.1 million, down 2.39% from fiscal 2024.
- Net income was $162.7 million, or $1.45 per share (basic), a net margin of 19.5%.
- As of September 25, 2026, HIW traded at $30.09, a market capitalization of $3.3 billion.
- At that price the stock trades at 19.8× trailing-twelve-month earnings and 4.0× sales.
- Highwoods Properties, Inc. pays an annual dividend of $2.00 per share, a yield of 8.33%, with a payout ratio of 137.9%.
- Return on equity was 6.70% and debt-to-equity 1.36.
Highwoods Properties, Inc. (HIW) Latest News
27 Aug
Highwoods Properties (HIW) shares dropped 8.4% since the latest earnings report as investors reacted to results and outlook. Post-earnings stock decline signals moderate near-term pressure on valuation and sentiment without altering long-term trajectory.
30 Jul
Highwoods Properties' Uptown tallest tower nears full occupancy after new leases signed by a law firm and an AI company. New leases raise occupancy and revenue outlook for a major Highwoods asset.
Highwoods Properties Q2 earnings call highlighted financial results, leasing metrics, occupancy rates, and forward guidance for the REIT's office portfolio. Q2 earnings data and guidance can moderately shift near-term investor sentiment and valuation for HIW.
29 Jul
HIW beat Q2 FFO estimates on leasing activity and rent growth while raising its 2026 outlook. Beating estimates with raised 2026 guidance points to stronger leasing momentum and higher earnings trajectory.
28 Jul
Highwoods Properties (HIW) exceeded Q2 FFO and revenue estimates. Quarterly estimate beats provide modest short-term support to investor sentiment and share price without altering long-term trajectory.
14 May
Highwoods Properties (HIW) sold Bridgestone Tower for $255 million. Post-sale valuation analysis reveals HIW stock trades at a 20-30% discount to intrinsic value, bolstered by improving office fundamentals, debt reduction potential, and development pipeline. The $255 million Bridgestone Tower sale reshapes HIW's portfolio, enhances liquidity, and drives revaluation amid recovering office markets.
12 May
Highwoods Properties, Inc. (HIW) sold Bridgestone Tower in Nashville's Central Business District. Property sale impacts Highwoods' balance sheet with cash influx but reduces future rental revenue.
30 Apr
Highwoods Properties (HIW) Q1 earnings call highlights key financial results, leasing metrics, operational updates, and forward guidance. Q1 earnings call highlights reveal financial performance and outlook that significantly influence HIW's stock trajectory and investor sentiment.
Highwoods Properties Inc (HIW) reported strong leasing performance in Q1 2026 earnings call highlights, alongside positive occupancy gains and strategic updates. Strong leasing and occupancy improvements signal significant revenue growth and enhanced market positioning for HIW.
29 Apr
Highwoods Properties (HIW) Q1 FFO met analyst estimates, with revenues exceeding expectations driven by rent growth. Q1 FFO meeting estimates and revenues beating on rent growth supports steady financials and positive momentum without transformative shifts.
Highwoods Properties, Inc. released Q1 2026 earnings call summary, reporting key financial metrics, occupancy rates, rental revenues, FFO per share, and updated full-year guidance amid stabilizing office market conditions. Quarterly earnings reveal financial performance and outlook, moderately influencing investor sentiment and stock trajectory.
Highwoods Properties (HIW) narrative shifts positively as price targets ease and risks get repriced lower. Eased targets and repriced risks moderately influence HIW's financial performance and investor sentiment.
28 Apr
Highwoods Properties launches $100 million share buyback and maintains quarterly dividend, straining cash reserves amid office REIT sector challenges with high vacancies and remote work trends. Buyback and dividend moves represent major capital allocation decisions that test liquidity and could significantly sway investor sentiment and stock trajectory.
Highwoods Properties, Inc. (HIW) announces availability of First Quarter 2026 results. Quarterly results availability affects financial performance and investor sentiment.
22 Apr
Highwoods Properties, Inc. (HIW) announced a $250 million common stock repurchase program. $250M repurchase program signals confidence, reduces shares outstanding, boosts EPS, and positively influences investor sentiment.
15 Feb
Highwoods Properties (HIW) valuation reviewed after launching US$300 million equity program and updating Sunbelt outlook. US$300 million equity program enables major capital deployment for growth amid positive Sunbelt market outlook.
11 Feb
Highwoods Properties, Inc. reported its Q4 earnings, highlighting strong performance metrics and strategic initiatives aimed at enhancing portfolio value. The company emphasized its commitment to sustainable growth and outlined plans for future developments. Management expressed confidence in navigating market challenges while maintaining a focus on tenant satisfaction and operational efficiency. Significant strategic initiatives and strong performance metrics are likely to influence future market positioning and investor sentiment.
Highwoods Properties, Inc. (HIW) reported its Q4 2025 earnings, highlighting key financial metrics and strategic initiatives. The company showcased growth in revenue and occupancy rates, alongside plans for future developments. Management emphasized their commitment to enhancing shareholder value through effective asset management and strategic acquisitions. The earnings call also addressed market trends and competitive positioning, providing insights into the company's outlook for the upcoming year. Significant strategic initiatives and positive financial performance are likely to influence investor sentiment and the company's trajectory.
Highwoods Properties, Inc. reported its Q4 2025 earnings, highlighting a strong performance driven by increased rental income and occupancy rates. The company announced strategic initiatives aimed at enhancing its portfolio and improving operational efficiency. Management expressed optimism about future growth prospects, citing favorable market conditions and ongoing demand for office spaces. Key financial metrics showed significant year-over-year improvements, reinforcing the company's solid position in the real estate sector. The earnings report indicates significant growth and strategic initiatives that could alter the company's trajectory and investor sentiment.
Highwoods Properties, Inc. reported its fourth-quarter funds from operations (FFO) that exceeded analysts' estimates, while revenues fell short of expectations. The company's performance highlights a mixed financial outcome, with FFO showing resilience despite revenue challenges. FFO exceeding estimates indicates financial strength, but revenue miss suggests potential concerns for future growth.
10 Feb
Highwoods Properties, Inc. (HIW) reported its fourth-quarter funds from operations (FFO), exceeding analysts' expectations. The company's strong performance reflects effective management and strategic positioning in the real estate market. This positive financial outcome is expected to bolster investor confidence and enhance the company's market standing. Exceeding FFO estimates indicates significant financial strength and could positively influence investor sentiment and market performance.
Highwoods Properties, Inc. (HIW) reported its Q4 earnings, revealing key metrics that were compared against Wall Street estimates. The results highlighted the company's performance in various financial areas, including revenue and net income, providing insights into its operational efficiency and market positioning. Analysts are assessing the implications of these results on future performance and investor sentiment. The earnings report indicates moderate influences on financial performance and market sentiment, but overall effects are expected to be balanced by other factors.
Highwoods Properties, Inc. reported its Q4 earnings, showcasing a solid performance with increased revenue and improved occupancy rates across its properties. The company highlighted strategic initiatives aimed at enhancing its portfolio and addressing market demands. Management expressed optimism about future growth prospects, citing ongoing investments and a favorable economic environment. Overall, the results reflect a positive trajectory for Highwoods Properties as it navigates the evolving real estate landscape. The earnings report indicates moderate growth and strategic initiatives that may influence financial performance but are balanced by market conditions.
Highwoods Properties, Inc. (HIW) has announced the availability of its financial results for the fourth quarter and full year of 2025. The company will provide insights into its performance and strategic direction during this period, which is anticipated to be of interest to investors and stakeholders. The announcement of financial results is expected to moderately influence investor sentiment and provide insights into the company's performance.
23 Jan
Highwoods Properties, Inc. (HIW) is navigating a recovering office market as demand for office spaces increases in Q4. The company is focusing on enhancing its portfolio and adapting to evolving tenant needs, which may include flexible leasing options and modern amenities. The overall sentiment in the office REIT sector is improving, driven by a resurgence in demand as companies reassess their office space requirements post-pandemic. Investors are closely monitoring these trends as they could influence future performance and market positioning. The improving demand for office spaces is expected to moderately influence Highwoods Properties' financial performance and competitive positioning.
14 Jan
Highwoods Properties, Inc. (HIW) is experiencing a notable shift in pricing following recent gains and the acquisition of the 6Hundred at Legacy Union property. This deal is expected to enhance the company's portfolio and potentially influence its market performance positively. Investors are closely monitoring how these developments will impact HIW's future trajectory and overall market sentiment. The acquisition of a significant property is likely to have a substantial impact on the company's future performance and investor sentiment.
13 Jan
Highwoods Properties, Inc. is focusing on acquisitions to enhance its long-term growth trajectory. The company aims to expand its portfolio and capitalize on strategic opportunities in the real estate market, which is expected to strengthen its competitive position and financial performance. Acquisitions are likely to significantly impact the company's growth and market positioning.
Highwoods Properties, Inc. has acquired Bloc83 and The Terraces, expanding its portfolio in the commercial real estate sector. This acquisition is part of the company's strategy to enhance its presence in key markets and improve its asset offerings. The deal is expected to contribute positively to Highwoods' growth and operational capabilities. The acquisition of Bloc83 and The Terraces represents a significant strategic move that could enhance Highwoods' market position and financial performance.
12 Jan
Highwoods Properties, Inc. announced recent investment activities, including the acquisition of a prime office property in Nashville, Tennessee, for $60 million. The company also disclosed plans for future developments and strategic investments aimed at enhancing its portfolio and market position. These moves are part of Highwoods' ongoing strategy to capitalize on growth opportunities in key markets. The acquisition and strategic investments are likely to significantly impact the company's future performance and market positioning.
27 Nov
Highwoods Properties, Inc. reported positive developments that contributed to its stock performance, including strong leasing activity and strategic acquisitions. The company has successfully navigated market challenges, enhancing its portfolio and positioning for future growth. Investors reacted favorably to these updates, reflecting confidence in the company's direction and operational efficiency. Strong leasing activity and strategic acquisitions are likely to significantly impact future performance and investor sentiment.