HIW
Highwoods Properties, Inc.
$29.21
+0.70
(+2.46%)
Mkt Cap
3.22B
Volume
772,596
52W Range
20.45-35.44
Sector
Real Estate
Beta
1.08
EPS (TTM)
1.52 USD
P/E Ratio
19.22
Revenue (TTM)
835.54M USD
Rev Growth (5Y)
+1.8%
EPS Growth (5Y)
-15.3%
AlphaVal · Fair Value
What we estimate one share is worth
$48.68
Undervalued
moderate signal
40.0% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C-
Real Estate Investment Trust
49.1 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
Highwoods Properties, Inc., based in Raleigh, operates as an S&P MidCap 400 Index constituent. This publicly listed Real Estate Investment Trust (REIT), whose shares trade on the NYSE under the ticker HIW, focuses exclusively on office properties. Highwoods is a comprehensively integrated company, handling all aspects of its real estate portfolio from initial acquisition and development to leasing and day-to-day management. Its holdings are strategically concentrated in the prime business districts of several major U.S. cities, specifically Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, its headquarters city of Raleigh, Richmond, and Tampa.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 806.11M | 825.86M | 834.00M | 828.93M | 768.01M | 736.90M | 735.98M | 720.03M | 702.74M | 665.63M | 604.67M | 608.47M |
| Net Income | 159.61M | 102.25M | 148.72M | 159.06M | 313.28M | 347.40M | 136.92M | 171.84M | 185.37M | 524.29M | 97.08M | 110.96M |
| EPS | 1.45 | 0.94 | 1.39 | 1.49 | 2.98 | 3.32 | 0.52 | 1.66 | 1.78 | 5.30 | 1.00 | 1.20 |
| Free Cash Flow | 166.56M | 403.58M | 216.95M | 421.51M | 414.56M | 355.80M | (58.42M) | 307.98M | 350.69M | 195.56M | (119.75M) | 103.27M |
| FCF / Share | 1.54 | 3.80 | 2.06 | 4.01 | 3.98 | 3.43 | -0.56 | 2.98 | 3.42 | 1.99 | -1.27 | 1.14 |
| Operating CF | 367.31M | 403.58M | 393.56M | 421.78M | 414.56M | 358.16M | 365.80M | 358.63M | 352.53M | 305.81M | 288.88M | 266.91M |
| Total Assets | 6.27B | 6.03B | 6.00B | 6.06B | 5.70B | 5.21B | 5.14B | 4.68B | 4.62B | 4.56B | 4.49B | 4.00B |
| Total Debt | 3.64B | 3.29B | 3.21B | 3.20B | 2.79B | 2.47B | 2.54B | 2.09B | 2.01B | 1.95B | 2.50B | 2.08B |
| Cash & Equiv | 27.36M | 22.41M | 25.12M | 21.36M | 23.15M | 109.32M | 9.51M | 3.77M | 3.27M | 49.49M | 5.04M | 8.83M |
| Book Value | 2.38B | 2.36B | 2.43B | 2.48B | 2.48B | 2.34B | 2.15B | 2.25B | 2.22B | 2.14B | 1.60B | 1.52B |
| Return on Equity | 0.07 | 0.04 | 0.06 | 0.06 | 0.13 | 0.15 | 0.06 | 0.08 | 0.08 | 0.25 | 0.06 | 0.07 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 216.38M | 214.03M | 203.36M | 201.77M | 200.60M | 200.38M | 206.79M | 204.32M | 204.74M | 211.28M | 206.86M | 207.09M |
| Net Income | 94.05M | 31.94M | 29.23M | 13.45M | 18.86M | 98.07M | (3.11M) | 15.18M | 63.49M | 26.68M | 38.62M | 22.72M |
| EPS | 0.85 | 0.29 | 0.26 | 0.12 | 0.17 | 0.91 | -0.03 | 0.14 | 0.59 | 0.25 | 0.36 | 0.21 |
| Free Cash Flow | 173.88M | 62.85M | 41.58M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 49.97M | 66.84M |
| FCF / Share | 1.58 | 0.57 | 0.38 | 0.89 | 1.08 | 0.43 | 0.96 | 0.92 | 1.23 | 0.68 | 0.47 | 0.63 |
| Operating CF | 125.23M | 62.85M | 101.50M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 102.79M | 103.05M |
| Total Assets | 6.47B | 6.60B | 6.27B | 6.14B | 6.06B | 6.08B | 6.03B | 6.03B | 5.97B | 6.01B | 6.00B | 6.02B |
| Total Debt | 3.52B | 3.70B | 3.64B | 3.40B | 3.33B | 3.34B | 3.29B | 3.30B | 3.19B | 3.26B | 3.21B | 3.21B |
| Cash & Equiv | 145.38M | 32.42M | 27.36M | 26.26M | 21.19M | 20.11M | 22.41M | 23.65M | 27.00M | 16.42M | 25.12M | 16.90M |
| Book Value | 2.39B | 2.37B | 2.38B | 2.38B | 2.37B | 2.41B | 2.36B | 2.36B | 2.41B | 2.40B | 2.43B | 2.45B |
| Return on Equity | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | -0.00 | 0.01 | 0.03 | 0.01 | 0.02 | 0.01 |
HIW News
The REIT Conundrum
Sequoia Financial Advisors LLC Invests $876,000 in Highwoods Properties, Inc. $HIW
Corient Private Wealth LP Sells 40,685 Shares of Highwoods Properties, Inc. $HIW
Highwoods to Release Third Quarter 2026 Results Tuesday, October 27th
Highwoods Announces Leasing and Disposition Activity
Why Is Highwoods Properties (HIW) Down 8.4% Since Last Earnings Report?
Highwoods Properties: Leasing Is Improving, But The Cash Test Is Still Ahead
Highwoods Properties: I Am Willing To Go Back In At The Right Price (Rating Downgrade)
Highwoods Properties Q2 Earnings Call Highlights
Highwoods Properties, Inc. (HIW) Q2 2026 Earnings Call Transcript