HIW

Highwoods Properties, Inc.

Real Estate · USD

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Price alert · HIW

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30.98 USD +0.48 +1.57%
As of Oct 30, 2026 Extended hours 30.98 0.00%
Bid
30.98 × 400
Ask
31.04 × 400
30.50 Day range 31.01
20.58 52-week range 34.40
YTD
+19.98%
1 year
+8.17%
Open
30.59
Prev close
30.50
Mkt cap
3.48B
Vol
1.20M
Avg vol
1.13M
EPS
1.68
P/E
18.44
Div yield
6.56%
More statistics
Low
30.50
High
31.01
Forward P/E
54.26
Beta
1.08
Short ratio
9.66
Inst. own
120.10%
Dividend
2.00
Ex-div date
Nov 15, 2026
Earnings
Feb 9, 2027
50-d avg
30.17
200-d avg
27.47
1y target
31.33

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Financial health

Altman Z-Score

0.62 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

4 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B3 / 5 overall

  • DCF 4
  • Return on Equity 4
  • Return on Assets 3
  • Debt / Equity 2
  • P/E 2
  • P/B 2

Valuation

P/E 17.8×
FY 2016: 9.6×FY 2017: 28.6×FY 2018: 23.3×FY 2019: 94.1×FY 2020: 11.9×FY 2021: 15.0×FY 2022: 18.8×FY 2023: 16.5×FY 2024: 32.5×FY 2025: 17.8×
FY 2016 5y median 17.8× FY 2025
P/S 3.5×
FY 2016: 7.5×FY 2017: 7.4×FY 2018: 5.6×FY 2019: 6.9×FY 2020: 5.6×FY 2021: 6.1×FY 2022: 3.5×FY 2023: 2.9×FY 2024: 3.9×FY 2025: 3.5×
FY 2016 5y median 3.5× FY 2025
P/B 1.2×
FY 2016: 2.4×FY 2017: 2.4×FY 2018: 1.8×FY 2019: 2.4×FY 2020: 1.8×FY 2021: 1.9×FY 2022: 1.2×FY 2023: 1.0×FY 2024: 1.4×FY 2025: 1.2×
FY 2016 5y median 1.2× FY 2025
P/FCF 16.8×
FY 2016: 25.7×FY 2017: 14.9×FY 2018: 13.0×FY 2019: -86.8×FY 2020: 11.6×FY 2021: 11.2×FY 2022: 7.0×FY 2023: 11.2×FY 2024: 8.0×FY 2025: 16.8×
FY 2016 5y median 11.2× FY 2025
EV/EBITDA 10.5×
FY 2016: 16.5×FY 2017: 14.8×FY 2018: 12.7×FY 2019: 15.9×FY 2020: 9.5×FY 2021: 11.1×FY 2022: 11.0×FY 2023: 9.6×FY 2024: 11.8×FY 2025: 10.5×
FY 2016 5y median 11.0× FY 2025
EV/Sales 8.0×
FY 2016: 10.4×FY 2017: 10.3×FY 2018: 8.4×FY 2019: 10.3×FY 2020: 8.8×FY 2021: 9.7×FY 2022: 7.4×FY 2023: 6.7×FY 2024: 7.9×FY 2025: 8.0×
FY 2016 5y median 7.9× FY 2025
FCF Yield 5.9%
FY 2016: 3.9%FY 2017: 6.7%FY 2018: 7.7%FY 2019: -1.2%FY 2020: 8.6%FY 2021: 8.9%FY 2022: 14.3%FY 2023: 9.0%FY 2024: 12.4%FY 2025: 5.9%
FY 2016 5y median 9.0% FY 2025

Profitability

Gross Margin 67.6%
FY 2016: 65.3%FY 2017: 66.3%FY 2018: 66.3%FY 2019: 66.2%FY 2020: 68.5%FY 2021: 69.2%FY 2022: 68.7%FY 2023: 67.8%FY 2024: 67.0%FY 2025: 67.6%
FY 2016 5y median 67.8% FY 2025
Operating Margin 26.0%
FY 2016: 26.5%FY 2017: 28.2%FY 2018: 28.8%FY 2019: 25.7%FY 2020: 30.2%FY 2021: 30.2%FY 2022: 28.9%FY 2023: 26.7%FY 2024: 25.8%FY 2025: 26.0%
FY 2016 5y median 26.7% FY 2025
Net Margin 19.8%
FY 2016: 78.8%FY 2017: 26.4%FY 2018: 23.9%FY 2019: 18.6%FY 2020: 47.1%FY 2021: 40.8%FY 2022: 19.2%FY 2023: 17.8%FY 2024: 12.4%FY 2025: 19.8%
FY 2016 5y median 19.2% FY 2025
ROE 6.7%
FY 2016: 24.5%FY 2017: 8.4%FY 2018: 7.6%FY 2019: 6.4%FY 2020: 14.9%FY 2021: 12.6%FY 2022: 6.4%FY 2023: 6.1%FY 2024: 4.3%FY 2025: 6.7%
FY 2016 5y median 6.4% FY 2025
ROIC 24.8%
FY 2016: 4.1%FY 2017: 2.5%FY 2018: 4.7%FY 2019: 3.9%FY 2020: 4.5%FY 2021: 4.3%FY 2022: 4.1%FY 2023: 3.8%FY 2024: 3.7%FY 2025: 24.8%
FY 2016 5y median 4.1% FY 2025
ROA 2.5%
FY 2016: 11.5%FY 2017: 4.0%FY 2018: 3.7%FY 2019: 2.7%FY 2020: 6.7%FY 2021: 5.5%FY 2022: 2.6%FY 2023: 2.5%FY 2024: 1.7%FY 2025: 2.5%
FY 2016 5y median 2.5% FY 2025

Growth (YoY)

Revenue -2.4%
FY 2016: 10.1%FY 2017: 5.6%FY 2018: 2.5%FY 2019: 2.2%FY 2020: 0.1%FY 2021: 4.2%FY 2022: 7.9%FY 2023: 0.6%FY 2024: -1.0%FY 2025: -2.4%
FY 2016 FY 2025
Operating Income -1.5%
FY 2016: 18.2%FY 2017: 12.5%FY 2018: 4.7%FY 2019: -9.0%FY 2020: 17.8%FY 2021: 4.2%FY 2022: 3.2%FY 2023: -6.8%FY 2024: -4.6%FY 2025: -1.5%
FY 2016 FY 2025
EPS (diluted) 54.3%
FY 2016: 430.0%FY 2017: -66.4%FY 2018: -9.0%FY 2019: -68.5%FY 2020: 551.0%FY 2021: -10.2%FY 2022: -50.0%FY 2023: -6.7%FY 2024: -32.4%FY 2025: 54.3%
FY 2016 FY 2025
Free Cash Flow -58.7%
FY 2016: 263.3%FY 2017: 79.3%FY 2018: -12.2%FY 2019: -119.0%FY 2020: 709.0%FY 2021: 16.5%FY 2022: 1.7%FY 2023: -48.5%FY 2024: 86.0%FY 2025: -58.7%
FY 2016 FY 2025

Financial Health

Current Ratio 42.4×
FY 2016: 1.0×FY 2017: 1.5×FY 2018: 1.3×FY 2019: 1.2×FY 2020: 2.3×FY 2021: 1.3×FY 2022: 1.5×FY 2023: 2.3×FY 2024: 1.6×FY 2025: 42.4×
FY 2016 5y median 1.6× FY 2025
Quick Ratio 42.4×
FY 2016: 0.9×FY 2017: 1.2×FY 2018: 1.3×FY 2019: 1.2×FY 2020: 2.3×FY 2021: 1.3×FY 2022: 1.5×FY 2023: 2.3×FY 2024: 1.5×FY 2025: 42.4×
FY 2016 5y median 1.5× FY 2025
Debt / Equity 1.5×
FY 2016: 0.9×FY 2017: 0.9×FY 2018: 0.9×FY 2019: 1.2×FY 2020: 1.1×FY 2021: 1.1×FY 2022: 1.3×FY 2023: 1.3×FY 2024: 1.4×FY 2025: 1.5×
FY 2016 5y median 1.3× FY 2025
Net Debt / EBITDA 5.9×
FY 2016: 4.5×FY 2017: 4.1×FY 2018: 4.3×FY 2019: 5.3×FY 2020: 3.5×FY 2021: 4.1×FY 2022: 5.7×FY 2023: 5.4×FY 2024: 5.9×FY 2025: 5.9×
FY 2016 5y median 5.7× FY 2025
Interest Coverage 1.4×
FY 2016: 2.3×FY 2017: 2.9×FY 2018: 2.9×FY 2019: 2.3×FY 2020: 2.7×FY 2021: 2.7×FY 2022: 2.3×FY 2023: 1.6×FY 2024: 1.4×FY 2025: 1.4×
FY 2016 5y median 1.6× FY 2025

Dividends

Dividend Yield 7.8%
FY 2016: 3.4%FY 2017: 5.1%FY 2018: 4.8%FY 2019: 3.9%FY 2020: 4.9%FY 2021: 4.4%FY 2022: 7.2%FY 2023: 8.8%FY 2024: 6.6%FY 2025: 7.8%
FY 2016 5y median 7.2% FY 2025
Payout Ratio 137.3%
FY 2016: 32.3%FY 2017: 142.7%FY 2018: 112.8%FY 2019: 145.7%FY 2020: 58.1%FY 2021: 66.0%FY 2022: 133.7%FY 2023: 143.6%FY 2024: 210.1%FY 2025: 137.3%
FY 2016 5y median 137.3% FY 2025

Annual · latest fiscal year ends 2025-12-31