Highwoods Properties/$HIW
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Highwoods Properties
Highwoods Properties Inc is a fully integrated office REIT that owns, develops, acquires, leases, and manages office properties mainly in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. Its principal business is the operation, acquisition, and development of rental office properties, with no material inter-segment transactions. The Company evaluates performance by geographic location, and the operating results by geographic grouping are regularly reviewed by the chief operating decision maker. The core portfolio consists mainly of office properties in its key markets, with the majority of revenue derived from its Raleigh properties.
- Ticker
- $HIW
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 315
- Headquarters
- Raleigh, United States
- Website
- www.highwoods.com
HIW Metrics
BasicAdvanced
$3.4B
18.42
$1.68
1.08
$2.00
6.46%
Price and volume
Market cap
$3.4B
Beta
1.08
52-week high
$35.44
52-week low
$20.45
Average daily volume
1.2M
Dividend rate
$2.00
Financial strength
Current ratio
1.237
Quick ratio
1.057
Long term debt to equity
1.228
Total debt to equity
1.338
Dividend payout ratio (TTM)
118.65%
Interest coverage (TTM)
1.36%
Profitability
EBITDA (TTM)
490.818
Gross margin (TTM)
67.31%
Net profit margin (TTM)
21.92%
Operating margin (TTM)
26.07%
Revenue per employee (TTM)
$2,720,000
Management effectiveness
Return on assets (TTM)
2.21%
Return on equity (TTM)
7.64%
Valuation
Price to earnings (TTM)
18.418
Price to revenue (TTM)
3.988
Price to book
1.46
Price to tangible book (TTM)
1.46
Price to free cash flow (TTM)
9.044
Free cash flow yield (TTM)
11.06%
Free cash flow per share (TTM)
3.425
Dividend yield (TTM)
6.46%
Forward dividend yield
6.46%
Growth
Revenue change (TTM)
5.38%
Earnings per share change (TTM)
45.07%
3-year revenue growth (CAGR)
0.56%
10-year revenue growth (CAGR)
2.60%
3-year earnings per share growth (CAGR)
9.30%
10-year earnings per share growth (CAGR)
-10.65%
10-year dividend per share growth (CAGR)
1.64%
What the Analysts think about HIW
Analyst ratings (Buy, Hold, Sell) for Highwoods Properties stock.
Analyst projections of the future price of Highwoods Properties stock.
Bulls say / Bears say
Leasing is producing strong rent resets: Q2 GAAP rents on new and renewal leases rose 20.9% against prior leases, while cash rents rose 3.2%. Highwoods then signed 1.1 million square feet of leases in the first two months of Q3, including more than 200,000 square feet of new leases. (StockAnalysis, Yahoo Finance)
Occupancy rose to 85.7% at June-end from 85.3% at year-end, and 89.6% of in-service space was leased. That gap and management’s expectation of 86%–87% average occupancy for the rest of 2026 point to further gains as signed leases commence. (SEC)
The balance sheet has strengthened: debt to EBITDA fell from 6.7 times to 6.2 times in Q2, with $145 million of cash and no borrowings on the $750 million revolver. This gives Highwoods room to meet its 2027 bond maturity and fund future investment. (StockAnalysis)
Occupancy of 85.7% still leaves a sizeable portion of the in-service portfolio unoccupied. Highwoods also warns that continued acceptance of working from home could materially weaken long-term demand for office space. (SEC)
Underlying same-property growth remains modest: Q2 same-property NOI rose just 1.4%, as a $3.7 million increase in expenses absorbed much of the $5.4 million revenue gain. That limits how quickly stronger leasing can translate into operating growth. (SEC)
Asset sales are weighing on near-term earnings until proceeds are reinvested. Highwoods said its higher-than-expected dispositions reduced its 2026 FFO outlook by $0.04 per share, excluding the benefit of sale gains. (StockAnalysis)
Data summarised monthly by Lightyear AI. Last updated on 18 Oct 2026.
HIW Financial Performance
Revenues and expenses
HIW Earnings Performance
Company profitability
Upcoming events
HIW News
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Funds containing HIW
AllUSDEURGBP
Fund name | Fund size | $HIW weighting |
|---|---|---|
SPDR S&P Global Dividend Aristocrats£GBDV | $1.8B | 2.08% |
SPDR S&P Global Dividend Aristocrats$GLDV | $1.8B | 2.08% |
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.19% |
iShares Developed Markets Property Yield£IWDP | $1.2B | 0.19% |
iShares S&P Small Cap 600£ISP6 | $3.2B | 0.19% |
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