Highwoods Properties, Inc.
Highwoods Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $806.1 million, down 2.39% from fiscal 2024. In the quarter to June 2026, revenue grew 7.87%, EPS grew 400.0%, free cash flow grew 364.5% and total debt rose 5.43%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Highwoods Properties, Inc. (HIW) EV/Sales
As of 16 October 2026, Highwoods Properties, Inc. (HIW) trades at a EV/Sales of 7.9×. Over the past ten years it has ranged from 6.0× (October 2023) to 12.2× (December 2015); the current reading is higher than 27% of that period. That is above the Reit Office industry median of 6.9× and in line with the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 7.8× | (0.62%) |
| FY2024 | 7.9× | 16.45% |
| FY2023 | 6.8× | (8.44%) |
| FY2022 | 7.4× | (23.37%) |
| FY2021 | 9.6× | 11.07% |
| FY2020 | 8.7× | (15.93%) |
| FY2019 | 10.3× | 22.35% |
| FY2018 | 8.4× | (16.92%) |
| FY2017 | 10.2× | (2.34%) |
| FY2016 | 10.4× | (4.48%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 8.0× | 9.04% |
| Mar 2026 | 7.3× | (6.41%) |
| Dec 2025 | 7.8× | (7.10%) |
| Sep 2025 | 8.4× | 2.82% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| PDM Piedmont Realty Trust, Inc. compare | 5.9× |
| ARE Alexandria Real Estate Equities, Inc. compare | 6.8× |
| VNO Vornado Realty Trust compare | 6.9× |
| DEI Douglas Emmett, Inc. compare | 7.0× |
| SLG SL Green Realty Corporation compare | 7.1× |
| KRC Kilroy Realty Corporation compare | 7.6× |
| HIW Highwoods Properties, Inc. | 7.9× |
| CUZ Cousins Properties Incorporated compare | 8.0× |
| CDP COPT Defense Properties compare | 8.1× |
| Reit Office industry median | 6.9× |
| Real Estate sector median | 7.6× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)