HIW
Highwoods Properties, Inc.
$31.22
-0.33
(-1.05%)
Mkt Cap
3.44B
Volume
1,295,077
52W Range
20.45-32.76
Sector
Real Estate
Beta
1.08
EPS (TTM)
0.84
P/E Ratio
37.17
Revenue (TTM)
819.76M
Rev Growth (5Y)
+1.8%
EPS Growth (5Y)
-15.3%
AlphaVal · Fair Value
What we estimate one share is worth
$43.52
Undervalued
moderate signal
28.3% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C-
Real Estate Investment Trust
47.8 / 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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 214.03M | 203.36M | 201.77M | 200.60M | 200.38M | 206.79M | 204.32M | 204.74M | 211.28M | 206.86M | 207.09M | 207.29M |
| Net Income | 31.94M | 29.23M | 13.45M | 18.86M | 98.07M | (3.11M) | 15.18M | 63.49M | 26.68M | 38.62M | 22.72M | 42.92M |
| EPS | 0.29 | 0.26 | 0.12 | 0.17 | 0.91 | -0.03 | 0.14 | 0.59 | 0.25 | 0.36 | 0.21 | 0.07 |
| Free Cash Flow | 62.85M | 41.58M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 49.97M | 66.84M | 115.45M |
| FCF / Share | 0.57 | 0.38 | 0.89 | 1.08 | 0.43 | 0.96 | 0.92 | 1.23 | 0.68 | 0.47 | 0.63 | 1.09 |
| Operating CF | 62.85M | 101.50M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 102.79M | 103.05M | 115.45M |
| Total Assets | 6.60B | 6.27B | 6.14B | 6.06B | 6.08B | 6.03B | 6.03B | 5.97B | 6.01B | 6.00B | 6.02B | 6.03B |
| Total Debt | 3.70B | 3.64B | 3.40B | 3.33B | 3.34B | 3.29B | 3.30B | 3.19B | 3.26B | 3.21B | 3.21B | 3.20B |
| Cash & Equiv | 32.42M | 27.36M | 26.26M | 21.19M | 20.11M | 22.41M | 23.65M | 27.00M | 16.42M | 25.12M | 16.90M | 17.01M |
| Book Value | 2.37B | 2.38B | 2.38B | 2.37B | 2.41B | 2.36B | 2.36B | 2.41B | 2.40B | 2.43B | 2.45B | 2.47B |
| Return on Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | -0.00 | 0.01 | 0.03 | 0.01 | 0.02 | 0.01 | 0.02 |
HIW News
Is HIW Stock Worth Retaining in Your Portfolio for the Long Run?
Highwoods to Release Second Quarter 2026 Results Tuesday, July 28th
Highwoods Recasts $150M Unsecured Bank Term Loan
Highwoods Properties: An Office REIT Betting On Sunbelt Growth And Occupancy Boost
Inflation Reignites, Yields Spike
Highwoods Sells Bridgestone Tower in CBD Nashville
Highwoods Sells Bridgestone Tower in CBD Nashville
Highwoods Announces Availability of 2025 Corporate Resiliency Report
High yield ETF KBWY faces hidden payout risk from cannabis REIT tenant defaults
REITs Excel, Earnings Swell, Fed Rebels