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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) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Highwoods Properties, Inc. (HIW) trades at a P/B ratio of 1.4×. Over the past ten years it has ranged from 0.8× (October 2023) to 2.9× (February 2015); the current reading is higher than 29% of that period. That is above the Reit Office industry median of 0.8× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× (14.46%)
FY2024 1.4× 36.02%
FY2023 1.0× (14.58%)
FY2022 1.2× (36.43%)
FY2021 1.9× 6.44%
FY2020 1.8× (25.23%)
FY2019 2.4× 32.03%
FY2018 1.8× (24.18%)
FY2017 2.4× (0.74%)
FY2016 2.4× (8.09%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.3× (2.88%)
Jun 2026 1.3× 40.15%
Mar 2026 0.9× (22.09%)
Dec 2025 1.2× (18.71%)
43 more quarters

Against its own ten years

Low 0.8× High 2.9×
Ten-year median 1.9×
Current reading's percentile 32

P/B ratio against peers

Company P/B ratio
ARE Alexandria Real Estate Equities, Inc. compare 0.4×
DEI Douglas Emmett, Inc. compare 0.5×
KRC Kilroy Realty Corporation compare 0.8×
PDM Piedmont Realty Trust, Inc. compare 0.9×
SLG SL Green Realty Corporation compare 0.9×
CUZ Cousins Properties Incorporated compare 1.1×
HIW Highwoods Properties, Inc. 1.4×
VNO Vornado Realty Trust compare 1.4×
CDP COPT Defense Properties compare 2.3×
Reit Office industry median 0.8×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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