Pricing Log in Create free account
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/S ratio

Alert me on P/S ratio

As of 6 November 2026, Highwoods Properties, Inc. (HIW) trades at a P/S ratio of 4.1×. Over the past ten years it has ranged from 2.2× (October 2023) to 8.5× (August 2016); the current reading is higher than 30% of that period. That is above the Reit Office industry median of 2.8× and above the Real Estate sector median of 2.9×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 3.5× (11.63%)
FY2024 3.9× 33.22%
FY2023 3.0× (17.19%)
FY2022 3.6× (41.11%)
FY2021 6.1× 8.33%
FY2020 5.6× (18.93%)
FY2019 6.9× 23.98%
FY2018 5.6× (25.09%)
FY2017 7.4× (2.31%)
FY2016 7.6× 11.58%

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.8× (5.61%)
Jun 2026 4.0× 38.52%
Mar 2026 2.9× (17.27%)
Dec 2025 3.5× (18.60%)
43 more quarters

Against its own ten years

Low 2.2× High 8.5×
Ten-year median 6.1×
Current reading's percentile 33

P/S ratio against peers

Company P/S ratio
DEI Douglas Emmett, Inc. compare 1.7×
PDM Piedmont Realty Trust, Inc. compare 2.1×
ARE Alexandria Real Estate Equities, Inc. compare 2.8×
SLG SL Green Realty Corporation compare 3.6×
VNO Vornado Realty Trust compare 3.6×
KRC Kilroy Realty Corporation compare 3.8×
HIW Highwoods Properties, Inc. 4.1×
CDP COPT Defense Properties compare 4.6×
CUZ Cousins Properties Incorporated compare 4.6×
Reit Office industry median 2.8×
Real Estate sector median 2.9×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on HIW