HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis
NYSE:HIW • US4312841087
22.03 USD
-1.32 (-5.65%)
At close: Feb 12, 2026
22.03 USD
0 (0%)
After Hours: 2/12/2026, 4:15:00 PM
We assign a fundamental rating of 4 out of 10 to HIW. HIW was compared to 122 industry peers in the Diversified REITs industry. Both the profitability and the financial health of HIW get a neutral evaluation. Nothing too spectacular is happening here. HIW has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- HIW had positive earnings in the past year.
- HIW had a positive operating cash flow in the past year.
- HIW had positive earnings in 4 of the past 5 years.
- Of the past 5 years HIW 4 years had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.03%, HIW is in the better half of the industry, outperforming 64.75% of the companies in the same industry.
- HIW has a Return On Equity of 5.24%. This is in the better half of the industry: HIW outperforms 65.57% of its industry peers.
- With a Return On Invested Capital value of 2.80%, HIW perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for HIW is in line with the industry average of 3.07%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of HIW (15.45%) is better than 63.11% of its industry peers.
- In the last couple of years the Profit Margin of HIW has declined.
- HIW's Operating Margin of 25.78% is in line compared to the rest of the industry. HIW outperforms 56.56% of its industry peers.
- In the last couple of years the Operating Margin of HIW has remained more or less at the same level.
- 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HIW is destroying value.
- HIW has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- HIW has an Altman-Z score of 0.48. This is a bad value and indicates that HIW is not financially healthy and even 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.
- HIW has a Debt to FCF ratio of 12.30. This is amongst the best in the industry. HIW outperforms 86.89% of its industry peers.
- HIW has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
- HIW has a Debt to Equity ratio of 1.43. This is comparable to the rest of the industry: HIW outperforms 44.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 12.3 | ||
| Altman-Z | 0.48 |
ROIC/WACC0.45
WACC6.23%
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.
- HIW has a Current ratio of 1.42. This is in the better half of the industry: HIW outperforms 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 79.49% over the past year.
- HIW shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.81% yearly.
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
- The Earnings Per Share is expected to decrease by -39.41% on average over the next years. This is quite bad
- HIW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.89% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
- HIW is valuated reasonably with a Price/Earnings ratio of 10.49.
- Based on the Price/Earnings ratio, HIW is valued cheaply inside the industry as 90.98% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of HIW to the average of the S&P500 Index (28.18), we can say HIW is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 23.04, the valuation of HIW can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, HIW is valued cheaply inside the industry as 87.70% of the companies are valued more expensively.
- HIW is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.49 | ||
| Fwd PE | 23.04 |
4.2 Price Multiples
- HIW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HIW is cheaper than 72.95% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of HIW indicates a rather cheap valuation: HIW is cheaper than 92.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.75 | ||
| EV/EBITDA | 11.93 |
4.3 Compensation for Growth
- A cheap valuation may be justified as HIW's earnings are expected to decrease with -39.41% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.41%
EPS Next 3YN/A
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.
- Compared to an average S&P500 Dividend Yield of 1.80, HIW pays a better dividend.
| Industry Rank | Sector 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.93%
Div Incr Years0
Div Non Decr Years20
5.3 Sustainability
- HIW pays out 174.24% of its income as dividend. 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
22.03
-1.32 (-5.65%)
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 Change0.82%
Ins Owners1.86%
Ins Owner Change-0.19%
Market Cap2.42B
Revenue(TTM)N/A
Net Income(TTM)124.87M
Analysts68.57
Price Target29.58 (34.27%)
Short Float %6.43%
Short Ratio5.32
Dividend
| Industry Rank | Sector 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 2026-02-17 (0.5)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.49 | ||
| Fwd PE | 23.04 | ||
| P/S | 3 | ||
| P/FCF | 8.75 | ||
| P/OCF | 6.66 | ||
| P/B | 1.02 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 11.93 |
EPS(TTM)2.1
EY9.53%
EPS(NY)0.96
Fwd EY4.34%
FCF(TTM)2.52
FCFY11.43%
OCF(TTM)3.31
OCFY15.02%
SpS7.36
BVpS21.67
TBVpS21.67
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32
Profitability
| Industry Rank | Sector 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 Rank | Sector 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%.