HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis
NYSE:HIW • US4312841087
23.52 USD
+0.41 (+1.77%)
At close: Feb 19, 2026
23.52 USD
0 (0%)
After Hours: 2/19/2026, 8:06:01 PM
Taking everything into account, HIW scores 4 out of 10 in our fundamental rating. HIW was compared to 123 industry peers in the Diversified REITs industry. HIW has only an average score on both its financial health and profitability. HIW has a valuation in line with the averages, but it does not seem to be growing. HIW also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year HIW was profitable.
- HIW had a positive operating cash flow in the past year.
- HIW had positive earnings in each of the past 5 years.
- HIW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a decent Return On Assets value of 2.51%, HIW is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- HIW has a Return On Equity of 6.61%. This is in the better half of the industry: HIW outperforms 75.61% of its industry peers.
- HIW has a Return On Invested Capital (2.76%) which is in line with its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HIW is in line with the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 6.61% | ||
| ROIC | 2.76% |
ROA(3y)2.2%
ROA(5y)2.93%
ROE(3y)5.61%
ROE(5y)7.14%
ROIC(3y)2.92%
ROIC(5y)3.11%
1.3 Margins
- Looking at the Profit Margin, with a value of 19.51%, HIW is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
- In the last couple of years the Profit Margin of HIW has declined.
- HIW's Operating Margin of 25.99% is in line compared to the rest of the industry. HIW outperforms 56.91% of its industry peers.
- HIW's Operating Margin has declined in the last couple of years.
- HIW has a Gross Margin (67.58%) which is in line with its industry peers.
- HIW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.99% | ||
| PM (TTM) | 19.51% | ||
| GM | 67.58% |
OM growth 3Y-3.43%
OM growth 5Y-2.96%
PM growth 3Y1.07%
PM growth 5Y-16.06%
GM growth 3Y-0.53%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HIW is destroying value.
- HIW has more shares outstanding than it did 1 year ago.
- HIW has more shares outstanding than it did 5 years ago.
- HIW has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.46, we must say that HIW is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of HIW (0.46) is comparable to the rest of the industry.
- The Debt to FCF ratio of HIW is 11.48, which is on the high side as it means it would take HIW, 11.48 years of fcf income to pay off all of its debts.
- HIW's Debt to FCF ratio of 11.48 is amongst the best of the industry. HIW outperforms 89.43% of its industry peers.
- HIW has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
- HIW has a Debt to Equity ratio (1.49) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 11.48 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.44
WACC6.2%
2.3 Liquidity
- A Current Ratio of 1.48 indicates that HIW should not have too much problems paying its short term obligations.
- HIW has a Current ratio of 1.48. This is in the better half of the industry: HIW outperforms 74.80% of its industry peers.
- HIW has a Quick Ratio of 1.39. This is a normal value and indicates that HIW is financially healthy and should not expect problems in meeting its short term obligations.
- With a decent Quick ratio value of 1.39, HIW is doing good in the industry, outperforming 69.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 28.21% over the past year.
- Measured over the past years, HIW shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.74% on average per year.
- HIW shows a decrease in Revenue. In the last year, the revenue decreased by -2.39%.
- HIW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.81% yearly.
EPS 1Y (TTM)28.21%
EPS 3Y0.45%
EPS 5Y-14.74%
EPS Q2Q%57.89%
Revenue 1Y (TTM)-2.39%
Revenue growth 3Y-0.92%
Revenue growth 5Y1.81%
Sales Q2Q%-1.06%
3.2 Future
- Based on estimates for the next years, HIW will show a very negative growth in Earnings Per Share. The EPS will decrease by -28.31% on average per year.
- Based on estimates for the next years, HIW will show a small growth in Revenue. The Revenue will grow by 4.89% on average per year.
EPS Next Y-36.26%
EPS Next 2Y-28.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.24%
Revenue Next 2Y4.85%
Revenue Next 3Y3.94%
Revenue Next 5Y4.89%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.68, the valuation of HIW can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of HIW indicates a rather cheap valuation: HIW is cheaper than 88.62% of the companies listed in the same industry.
- HIW is valuated rather cheaply when we compare the Price/Earnings ratio to 27.09, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 24.60, the valuation of HIW can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, HIW is valued cheaper than 88.62% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of HIW to the average of the S&P500 Index (27.98), we can say HIW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 24.6 |
4.2 Price Multiples
- 73.98% of the companies in the same industry are more expensive than HIW, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, HIW is valued cheaper than 95.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.35 | ||
| EV/EBITDA | 12.03 |
4.3 Compensation for Growth
- HIW's earnings are expected to decrease with -28.31% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-28.31%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- HIW has a Yearly Dividend Yield of 8.65%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.78, HIW pays a better dividend. On top of this HIW pays more dividend than 86.99% of the companies listed in the same industry.
- HIW's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.65% |
5.2 History
- The dividend of HIW has a limited annual growth rate of 0.72%.
- HIW has paid a dividend for at least 10 years, which is a reliable track record.
- HIW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.72%
Div Incr Years0
Div Non Decr Years20
5.3 Sustainability
- HIW pays out 139.32% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of HIW has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP139.32%
EPS Next 2Y-28.31%
EPS Next 3YN/A
23.52
+0.41 (+1.77%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10 2026-02-10/amc
Earnings (Next)04-27 2026-04-27/amc
Inst Owners108.41%
Inst Owner Change0.92%
Ins Owners1.86%
Ins Owner Change-0.18%
Market Cap2.58B
Revenue(TTM)806.11M
Net Income(TTM)157.25M
Analysts68.57
Price Target29.58 (25.77%)
Short Float %6.12%
Short Ratio4.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.65% |
Yearly Dividend2.01
Dividend Growth(5Y)0.72%
DP139.32%
Div Incr Years0
Div Non Decr Years20
Ex-Date02-17 2026-02-17 (0.5)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.72%
Min EPS beat(2)-29.07%
Max EPS beat(2)48.51%
EPS beat(4)2
Avg EPS beat(4)82.13%
Min EPS beat(4)-29.07%
Max EPS beat(4)314.25%
EPS beat(8)5
Avg EPS beat(8)64.27%
EPS beat(12)8
Avg EPS beat(12)51.48%
EPS beat(16)10
Avg EPS beat(16)39.15%
Revenue beat(2)0
Avg Revenue beat(2)-3.03%
Min Revenue beat(2)-3.13%
Max Revenue beat(2)-2.94%
Revenue beat(4)0
Avg Revenue beat(4)-2.67%
Min Revenue beat(4)-3.13%
Max Revenue beat(4)-2.25%
Revenue beat(8)1
Avg Revenue beat(8)-1.53%
Revenue beat(12)1
Avg Revenue beat(12)-1.57%
Revenue beat(16)2
Avg Revenue beat(16)-1.28%
PT rev (1m)-4.92%
PT rev (3m)-7.64%
EPS NQ rev (1m)19.4%
EPS NQ rev (3m)48.15%
EPS NY rev (1m)4.16%
EPS NY rev (3m)14.52%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 24.6 | ||
| P/S | 3.21 | ||
| P/FCF | 8.35 | ||
| P/OCF | 7.2 | ||
| P/B | 1.09 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | 12.03 |
EPS(TTM)1.5
EY6.38%
EPS(NY)0.96
Fwd EY4.07%
FCF(TTM)2.82
FCFY11.97%
OCF(TTM)3.27
OCFY13.9%
SpS7.34
BVpS21.65
TBVpS21.65
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 6.61% | ||
| ROCE | 3.49% | ||
| ROIC | 2.76% | ||
| ROICexc | 2.77% | ||
| ROICexgc | 2.77% | ||
| OM | 25.99% | ||
| PM (TTM) | 19.51% | ||
| GM | 67.58% | ||
| FCFM | 38.39% |
ROA(3y)2.2%
ROA(5y)2.93%
ROE(3y)5.61%
ROE(5y)7.14%
ROIC(3y)2.92%
ROIC(5y)3.11%
ROICexc(3y)2.94%
ROICexc(5y)3.12%
ROICexgc(3y)2.94%
ROICexgc(5y)3.12%
ROCE(3y)3.7%
ROCE(5y)3.94%
ROICexgc growth 3Y-5.47%
ROICexgc growth 5Y-5.79%
ROICexc growth 3Y-5.47%
ROICexc growth 5Y-5.79%
OM growth 3Y-3.43%
OM growth 5Y-2.96%
PM growth 3Y1.07%
PM growth 5Y-16.06%
GM growth 3Y-0.53%
GM growth 5Y-0.28%
F-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 11.48 | ||
| Debt/EBITDA | 7.05 | ||
| Cap/Depr | 16.86% | ||
| Cap/Sales | 6.17% | ||
| Interest Coverage | 1.45 | ||
| Cash Conversion | 71.21% | ||
| Profit Quality | 196.8% | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 0.46 |
F-Score6
WACC6.2%
ROIC/WACC0.44
Cap/Depr(3y)21.58%
Cap/Depr(5y)46.7%
Cap/Sales(3y)7.8%
Cap/Sales(5y)16.24%
Profit Quality(3y)249.74%
Profit Quality(5y)185.4%
High Growth Momentum
Growth
EPS 1Y (TTM)28.21%
EPS 3Y0.45%
EPS 5Y-14.74%
EPS Q2Q%57.89%
EPS Next Y-36.26%
EPS Next 2Y-28.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.39%
Revenue growth 3Y-0.92%
Revenue growth 5Y1.81%
Sales Q2Q%-1.06%
Revenue Next Year6.24%
Revenue Next 2Y4.85%
Revenue Next 3Y3.94%
Revenue Next 5Y4.89%
EBIT growth 1Y-2%
EBIT growth 3Y-4.33%
EBIT growth 5Y-1.2%
EBIT Next Year155.22%
EBIT Next 3Y37.88%
EBIT Next 5YN/A
FCF growth 1Y-13.66%
FCF growth 3Y19.73%
FCF growth 5YN/A
OCF growth 1Y-11%
OCF growth 3Y-5.21%
OCF growth 5Y0.06%
HIGHWOODS PROPERTIES INC / HIW FAQ
What is the fundamental rating for HIW stock?
ChartMill assigns a fundamental rating of 4 / 10 to HIW.
Can you provide the valuation status for HIGHWOODS PROPERTIES INC?
ChartMill assigns a valuation rating of 5 / 10 to HIGHWOODS PROPERTIES INC (HIW). This can be considered as Fairly Valued.
How profitable is HIGHWOODS PROPERTIES INC (HIW) stock?
HIGHWOODS PROPERTIES INC (HIW) has a profitability rating of 5 / 10.
How financially healthy is HIGHWOODS PROPERTIES INC?
The financial health rating of HIGHWOODS PROPERTIES INC (HIW) is 4 / 10.
Can you provide the dividend sustainability for HIW stock?
The dividend rating of HIGHWOODS PROPERTIES INC (HIW) is 7 / 10 and the dividend payout ratio is 139.32%.