HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HIW • US4312841087

23.35 USD
-2.64 (-10.16%)
At close: Feb 11, 2026
23.35 USD
0 (0%)
After Hours: 2/11/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall HIW gets a fundamental rating of 4 out of 10. We evaluated HIW against 122 industry peers in the Diversified REITs industry. HIW has only an average score on both its financial health and profitability. HIW is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year HIW was profitable.
  • HIW had a positive operating cash flow in the past year.
  • Of the past 5 years HIW 4 years were profitable.
  • HIW had a positive operating cash flow in 4 of the past 5 years.
HIW Yearly Net Income VS EBIT VS OCF VS FCFHIW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

1.2 Ratios

  • The Return On Assets of HIW (2.03%) is better than 64.75% of its industry peers.
  • HIW's Return On Equity of 5.24% is fine compared to the rest of the industry. HIW outperforms 65.57% of its industry peers.
  • HIW has a Return On Invested Capital of 2.80%. This is comparable to the rest of the industry: HIW outperforms 50.82% of its industry peers.
  • HIW had an Average Return On Invested Capital over the past 3 years of 3.09%. This is in line with the industry average of 3.07%.
Industry RankSector Rank
ROA 2.03%
ROE 5.24%
ROIC 2.8%
ROA(3y)2.22%
ROA(5y)3.75%
ROE(3y)5.52%
ROE(5y)8.77%
ROIC(3y)3.09%
ROIC(5y)3.29%
HIW Yearly ROA, ROE, ROICHIW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • HIW has a better Profit Margin (15.45%) than 63.11% of its industry peers.
  • In the last couple of years the Profit Margin of HIW has declined.
  • HIW has a Operating Margin (25.78%) which is comparable to the rest of the industry.
  • HIW's Operating Margin has been stable in the last couple of years.
  • HIW has a Gross Margin (67.08%) which is comparable to the rest of the industry.
  • HIW's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 25.78%
PM (TTM) 15.45%
GM 67.08%
OM growth 3Y-5.14%
OM growth 5Y0.08%
PM growth 3Y-33.17%
PM growth 5Y-7.93%
GM growth 3Y-1.06%
GM growth 5Y0.24%
HIW Yearly Profit, Operating, Gross MarginsHIW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HIW is destroying value.
  • There is no outstanding debt for HIW. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HIW Yearly Shares OutstandingHIW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
HIW Yearly Total Debt VS Total AssetsHIW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.48, we must say that HIW is in the distress zone and has some risk of bankruptcy.
  • HIW's Altman-Z score of 0.48 is in line compared to the rest of the industry. HIW outperforms 48.36% of its industry peers.
  • The Debt to FCF ratio of HIW is 12.30, which is on the high side as it means it would take HIW, 12.30 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of HIW (12.30) is better than 86.89% of its industry peers.
  • A Debt/Equity ratio of 1.43 is on the high side and indicates that HIW has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.43, HIW is in line with its industry, outperforming 44.26% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF 12.3
Altman-Z 0.48
ROIC/WACC0.45
WACC6.23%
HIW Yearly LT Debt VS Equity VS FCFHIW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • HIW has a Current Ratio of 1.42. This is a normal value and indicates that HIW is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of HIW (1.42) is better than 69.67% 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.
  • Looking at the Quick ratio, with a value of 1.39, HIW is in the better half of the industry, outperforming 68.03% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.42
Quick Ratio 1.39
HIW Yearly Current Assets VS Current LiabilitesHIW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • HIW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 79.49%, which is quite impressive.
  • Measured over the past years, HIW shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.81% on average per year.
EPS 1Y (TTM)79.49%
EPS 3Y12.37%
EPS 5Y-8.81%
EPS Q2Q%373.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1.05%

3.2 Future

  • HIW is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -39.41% yearly.
  • The Revenue is expected to grow by 4.89% on average over the next years.
EPS Next Y-54.47%
EPS Next 2Y-39.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.29%
Revenue Next 2Y5.22%
Revenue Next 3Y3.94%
Revenue Next 5Y4.89%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
HIW Yearly Revenue VS EstimatesHIW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
HIW Yearly EPS VS EstimatesHIW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.12 indicates a reasonable valuation of HIW.
  • Based on the Price/Earnings ratio, HIW is valued cheaper than 90.98% of the companies in the same industry.
  • HIW is valuated cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 24.42 indicates a rather expensive valuation of HIW.
  • HIW's Price/Forward Earnings ratio is rather cheap when compared to the industry. HIW is cheaper than 87.70% of the companies in the same industry.
  • HIW's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 11.12
Fwd PE 24.42
HIW Price Earnings VS Forward Price EarningsHIW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 72.95% of the companies in the same industry are more expensive than HIW, based on the Enterprise Value to EBITDA ratio.
  • HIW's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HIW is cheaper than 92.62% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.27
EV/EBITDA 11.93
HIW Per share dataHIW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • HIW's earnings are expected to decrease with -39.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.41%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • HIW has a Yearly Dividend Yield of 7.70%, which is a nice return.
  • HIW's Dividend Yield is a higher than the industry average which is at 6.80.
  • HIW's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 7.7%

5.2 History

  • The dividend of HIW has a limited annual growth rate of 0.93%.
  • HIW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HIW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.93%
Div Incr Years0
Div Non Decr Years20
HIW Yearly Dividends per shareHIW Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 174.24% of the earnings are spent on dividend by HIW. This is not a sustainable payout ratio.
  • HIW's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP174.24%
EPS Next 2Y-39.41%
EPS Next 3YN/A
HIW Yearly Income VS Free CF VS DividendHIW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M
HIW Dividend Payout.HIW Dividend Payout, showing the Payout Ratio.HIW Dividend Payout.PayoutRetained Earnings

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HIGHWOODS PROPERTIES INC

NYSE:HIW (2/11/2026, 8:04:00 PM)

After market: 23.35 0 (0%)

23.35

-2.64 (-10.16%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners108.41%
Inst Owner Change0.82%
Ins Owners1.86%
Ins Owner Change-0.19%
Market Cap2.57B
Revenue(TTM)N/A
Net Income(TTM)124.87M
Analysts68.57
Price Target29.58 (26.68%)
Short Float %6.43%
Short Ratio5.32
Dividend
Industry RankSector Rank
Dividend Yield 7.7%
Yearly Dividend2.01
Dividend Growth(5Y)0.93%
DP174.24%
Div Incr Years0
Div Non Decr Years20
Ex-Date02-17
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.12%
Min EPS beat(2)-29.07%
Max EPS beat(2)-5.17%
EPS beat(4)2
Avg EPS beat(4)87.76%
Min EPS beat(4)-29.07%
Max EPS beat(4)314.25%
EPS beat(8)5
Avg EPS beat(8)62.52%
EPS beat(12)7
Avg EPS beat(12)46.95%
EPS beat(16)10
Avg EPS beat(16)40.09%
Revenue beat(2)0
Avg Revenue beat(2)-2.65%
Min Revenue beat(2)-2.94%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-1.95%
Min Revenue beat(4)-2.94%
Max Revenue beat(4)-0.27%
Revenue beat(8)1
Avg Revenue beat(8)-1.32%
Revenue beat(12)1
Avg Revenue beat(12)-1.34%
Revenue beat(16)3
Avg Revenue beat(16)-1.05%
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)0.01%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.86%
Valuation
Industry RankSector Rank
PE 11.12
Fwd PE 24.42
P/S 3.17
P/FCF 9.27
P/OCF 7.06
P/B 1.08
P/tB 1.08
EV/EBITDA 11.93
EPS(TTM)2.1
EY8.99%
EPS(NY)0.96
Fwd EY4.09%
FCF(TTM)2.52
FCFY10.79%
OCF(TTM)3.31
OCFY14.17%
SpS7.36
BVpS21.67
TBVpS21.67
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32
Profitability
Industry RankSector Rank
ROA 2.03%
ROE 5.24%
ROCE 3.55%
ROIC 2.8%
ROICexc 2.8%
ROICexgc 2.8%
OM 25.78%
PM (TTM) 15.45%
GM 67.08%
FCFM 34.24%
ROA(3y)2.22%
ROA(5y)3.75%
ROE(3y)5.52%
ROE(5y)8.77%
ROIC(3y)3.09%
ROIC(5y)3.29%
ROICexc(3y)3.11%
ROICexc(5y)3.32%
ROICexgc(3y)3.11%
ROICexgc(5y)3.32%
ROCE(3y)3.92%
ROCE(5y)4.16%
ROICexgc growth 3Y-5.82%
ROICexgc growth 5Y-0.78%
ROICexc growth 3Y-5.82%
ROICexc growth 5Y-0.78%
OM growth 3Y-5.14%
OM growth 5Y0.08%
PM growth 3Y-33.17%
PM growth 5Y-7.93%
GM growth 3Y-1.06%
GM growth 5Y0.24%
F-Score3
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF 12.3
Debt/EBITDA 6.8
Cap/Depr 29.7%
Cap/Sales 10.73%
Interest Coverage 1.44
Cash Conversion 72.65%
Profit Quality 221.67%
Current Ratio 1.42
Quick Ratio 1.39
Altman-Z 0.48
F-Score3
WACC6.23%
ROIC/WACC0.45
Cap/Depr(3y)43.95%
Cap/Depr(5y)73.2%
Cap/Sales(3y)15.46%
Cap/Sales(5y)24.79%
Profit Quality(3y)222.52%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)79.49%
EPS 3Y12.37%
EPS 5Y-8.81%
EPS Q2Q%373.68%
EPS Next Y-54.47%
EPS Next 2Y-39.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1.05%
Revenue Next Year6.29%
Revenue Next 2Y5.22%
Revenue Next 3Y3.94%
Revenue Next 5Y4.89%
EBIT growth 1Y0.25%
EBIT growth 3Y-2.82%
EBIT growth 5Y2.42%
EBIT Next Year125.41%
EBIT Next 3Y35.11%
EBIT Next 5Y24.95%
FCF growth 1Y83.8%
FCF growth 3Y22.56%
FCF growth 5Y44.4%
OCF growth 1Y-4.26%
OCF growth 3Y-0.89%
OCF growth 5Y1.99%

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 6 / 10 and the dividend payout ratio is 174.24%.