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

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.

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

Quarter to September 2026, against a year earlier

Dividend growth 5 yrs

31.46 0.26 −0.82%

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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

Highwoods Properties, Inc. (HIW) Price to free cash flow

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As of 6 November 2026, Highwoods Properties, Inc. (HIW) trades at a price to free cash flow of 62.4×. Over the past ten years it has ranged from 0.0× (September 2026) to 145× (July 2023); the current reading is higher than 85% of that period. That is above the Reit Office industry median of 14.0× and above the Real Estate sector median of 12.0×.

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<iframe src="https://stockrow.com/embed/HIW/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Highwoods Properties, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/HIW/metrics/price-to-free-cash-flow">Highwoods Properties, Inc. (HIW) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	0.0×	—
FY2024	12.3×	29.48%
FY2023	9.5×	(72.62%)
FY2022	34.6×	96.05%
FY2021	17.6×	105.49%
FY2020	8.6×	—
FY2019	0.0×	—
FY2018	70.6×	110.84%
FY2017	33.5×	250.97%
FY2016	9.5×	—

Period	Price to free cash flow	Change
Sep 2026	57.6×	—
Jun 2026	0.0×	—
Mar 2026	0.0×	—
Dec 2025	0.0×	—
43 more quarters	Free account

Against its own ten years

Low 0.0× High 145×

Ten-year median 15.5×

Current reading's percentile 85

Company	Price to free cash flow
SLG SL Green Realty Corporation compare	n/m
PDM Piedmont Realty Trust, Inc. compare	n/m
ARE Alexandria Real Estate Equities, Inc. compare	4.1×
KRC Kilroy Realty Corporation compare	13.2×
CUZ Cousins Properties Incorporated compare	16.8×
CDP COPT Defense Properties compare	19.4×
DEI Douglas Emmett, Inc. compare	26.5×
HIW Highwoods Properties, Inc.	62.4×
VNO Vornado Realty Trust compare	130×
Reit Office industry median	14.0×
Real Estate sector median	12.0×
Market median	14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Highwoods Properties, Inc. (HIW) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

Annual newest first

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on HIW

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