Highwoods Properties/$HIW
1D1W1MYTD1Y5YMAX
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
20.24
$1.52
1.07
$2.00
6.51%
Price and volume
Market cap
$3.4B
Beta
1.07
52-week high
$35.44
52-week low
$20.45
Average daily volume
1M
Dividend rate
$2.00
Financial strength
Current ratio
1.05
Quick ratio
0.82
Long term debt to equity
1.213
Total debt to equity
1.326
Dividend payout ratio (TTM)
131.26%
Interest coverage (TTM)
1.35%
Profitability
EBITDA (TTM)
482.677
Gross margin (TTM)
67.34%
Net profit margin (TTM)
20.11%
Operating margin (TTM)
26.06%
Revenue per employee (TTM)
$2,660,000
Management effectiveness
Return on assets (TTM)
2.18%
Return on equity (TTM)
6.81%
Valuation
Price to earnings (TTM)
20.238
Price to revenue (TTM)
4.013
Price to book
1.43
Price to tangible book (TTM)
1.43
Price to free cash flow (TTM)
8.81
Free cash flow yield (TTM)
11.35%
Free cash flow per share (TTM)
3.485
Dividend yield (TTM)
6.51%
Forward dividend yield
6.51%
Growth
Revenue change (TTM)
2.95%
Earnings per share change (TTM)
28.38%
3-year revenue growth (CAGR)
-0.09%
10-year revenue growth (CAGR)
2.67%
3-year earnings per share growth (CAGR)
1.68%
10-year earnings per share growth (CAGR)
-11.61%
10-year dividend per share growth (CAGR)
1.64%
Bulls say / Bears say
Highwoods beat Q2 2026 FFO estimates with $0.90 per share and raised its full-year 2026 FFO outlook to $3.46–$3.70, underscoring strong cash-flow visibility (Investing.com).
The company recast its $150 million unsecured bank term loan and extended the maturity to June 2031, materially reducing near-term refinancing risk and improving liquidity flexibility (Reuters).
Highwoods sold the Bridgestone Tower in downtown Nashville for $255 million, demonstrating effective capital recycling from non-core assets to fund higher-growth Sun Belt investments (Bizjournals).
Highwoods filed to raise up to $300 million in a common stock offering, which could dilute existing shareholders and pressure per-share metrics (Reuters).
Office portfolio occupancy remains around 85%–86%, indicating continued leasing headwinds and limited income growth potential compared with pre-pandemic levels (Reuters).
Despite rallying over 30% year-to-date, the consensus 12-month price target of $30.00 stands about 12% below current levels, suggesting valuation risk if operational momentum slows (Refinitiv).
Data summarised monthly by Lightyear AI. Last updated on 25 Aug 2026.
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Funds containing HIW
AllUSDGBPEUR
Fund name | Fund size | $HIW weighting |
|---|---|---|
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.19% |
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.19% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.19% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.19% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.11% |
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