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Saturday 7 November 2026 Export HIW’s income statement to Excel — free account

Highwoods Properties, Inc.

HIW Real Estate Reit Office

Highwoods Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $806.1 million, down 2.39% from fiscal 2024.

Revenue
+8.13%
EPS
+157.4%
Free cash flow
+289.7%
Total debt
+3.15%

Quarter to September 2026, against a year earlier

31.46 0.26 −0.82%
Market cap
$3.5B
P/E
18.4×
Fwd P/E
18.1×
Dividend yield
6.36%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Highwoods Properties, Inc. (HIW) EV/Sales

Alert me on EV/Sales

As of 6 November 2026, Highwoods Properties, Inc. (HIW) trades at a EV/Sales of 7.8×. Over the past ten years it has ranged from 6.0× (October 2023) to 12.2× (December 2015); the current reading is higher than 26% of that period. That is above the Reit Office industry median of 6.9× and above the Real Estate sector median of 7.4×.

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
Sep 2026 7.5× (5.77%)
Jun 2026 8.0× 9.04%
Mar 2026 7.3× (6.41%)
Dec 2025 7.8× (7.10%)
43 more quarters

Against its own ten years

Low 6.0× High 12.2×
Ten-year median 9.2×
Current reading's percentile 28

EV/Sales against peers

Company EV/Sales
PDM Piedmont Realty Trust, Inc. compare 6.2×
ARE Alexandria Real Estate Equities, Inc. compare 6.9×
DEI Douglas Emmett, Inc. compare 7.0×
VNO Vornado Realty Trust compare 7.2×
SLG SL Green Realty Corporation compare 7.4×
CDP COPT Defense Properties compare 7.8×
KRC Kilroy Realty Corporation compare 7.8×
HIW Highwoods Properties, Inc. 7.8×
CUZ Cousins Properties Incorporated compare 8.1×
Reit Office industry median 6.9×
Real Estate sector median 7.4×
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)

The full definition of EV/Sales →

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