HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:HIW • US4312841087
25.59 USD
+0.32 (+1.27%)
At close: Feb 3, 2026
25.59 USD
0 (0%)
After Hours: 2/3/2026, 7:23:00 PM
Taking everything into account, HIW scores 4 out of 10 in our fundamental rating. HIW was compared to 124 industry peers in the Diversified REITs industry. HIW has an average financial health and profitability rating. HIW has a valuation in line with the averages, but it does not seem to be growing.
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.
- In the past 5 years HIW has always been profitable.
- Each year in the past 5 years HIW had a positive operating cash flow.
1.2 Ratios
- HIW's Return On Assets of 2.03% is fine compared to the rest of the industry. HIW outperforms 64.52% of its industry peers.
- Looking at the Return On Equity, with a value of 5.24%, HIW is in the better half of the industry, outperforming 65.32% of the companies in the same industry.
- HIW has a Return On Invested Capital (2.80%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for HIW is in line with the industry average of 3.05%.
| 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
- With a decent Profit Margin value of 15.45%, HIW is doing good in the industry, outperforming 62.90% of the companies in the same industry.
- In the last couple of years the Profit Margin of HIW has declined.
- With a Operating Margin value of 25.78%, HIW perfoms like the industry average, outperforming 56.45% of the companies in the same industry.
- HIW's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 67.08%, HIW is in line with its industry, outperforming 48.39% of the companies in the same 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.
- The number of shares outstanding for HIW has been increased compared to 1 year ago.
- Compared to 5 years ago, HIW has more shares outstanding
- Compared to 1 year ago, HIW has a worse debt to assets ratio.
2.2 Solvency
- HIW has an Altman-Z score of 0.52. This is a bad value and indicates that HIW is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of HIW (0.52) is comparable to the rest of the industry.
- 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 better Debt to FCF ratio (12.30) than 87.10% 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.
- The Debt to Equity ratio of HIW (1.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 12.3 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.45
WACC6.3%
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 69.35% of its industry peers.
- A Quick Ratio of 1.39 indicates that HIW should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.39, HIW is doing good in the industry, outperforming 67.74% 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 been growing slightly by 3.73% over the past year.
- The Earnings Per Share has been decreasing by -2.09% on average over the past years.
- The Revenue has decreased by -2.29% in the past year.
- HIW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.33% yearly.
EPS 1Y (TTM)3.73%
EPS 3Y-26.69%
EPS 5Y-2.09%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)-2.29%
Revenue growth 3Y2.45%
Revenue growth 5Y2.33%
Sales Q2Q%-1.25%
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 -15.26% yearly.
- The Revenue is expected to grow by 3.55% on average over the next years.
EPS Next Y19.42%
EPS Next 2Y-20.35%
EPS Next 3Y-15.26%
EPS Next 5YN/A
Revenue Next Year-1.63%
Revenue Next 2Y1.99%
Revenue Next 3Y2.69%
Revenue Next 5Y3.55%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 18.41, HIW is valued on the expensive side.
- Based on the Price/Earnings ratio, HIW is valued cheaply inside the industry as 84.68% 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 slightly cheaper.
- Based on the Price/Forward Earnings ratio of 34.47, the valuation of HIW can be described as expensive.
- Based on the Price/Forward Earnings ratio, HIW is valued a bit cheaper than the industry average as 72.58% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 25.51. HIW is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.41 | ||
| Fwd PE | 34.47 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HIW is valued a bit cheaper than 71.77% of the companies in the same industry.
- 89.52% of the companies in the same industry are more expensive than HIW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.16 | ||
| EV/EBITDA | 12.35 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- HIW's earnings are expected to decrease with -15.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y-20.35%
EPS Next 3Y-15.26%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.72%, HIW is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.98, HIW pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, HIW pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.72% |
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
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-20.35%
EPS Next 3Y-15.26%
25.59
+0.32 (+1.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-28 2025-10-28/amc
Earnings (Next)02-10 2026-02-10/amc
Inst Owners108.41%
Inst Owner Change-0.73%
Ins Owners1.86%
Ins Owner Change-0.19%
Market Cap2.81B
Revenue(TTM)808.28M
Net Income(TTM)124.87M
Analysts69.33
Price Target30.19 (17.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.72% |
Yearly Dividend2.01
Dividend Growth(5Y)0.93%
DP174.24%
Div Incr Years0
Div Non Decr Years20
Ex-DateN/A
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)-2.95%
PT rev (3m)-5.73%
EPS NQ rev (1m)17.91%
EPS NQ rev (3m)33.9%
EPS NY rev (1m)1.47%
EPS NY rev (3m)11.56%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-0.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.41 | ||
| Fwd PE | 34.47 | ||
| P/S | 3.48 | ||
| P/FCF | 10.16 | ||
| P/OCF | 7.74 | ||
| P/B | 1.18 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 12.35 |
EPS(TTM)1.39
EY5.43%
EPS(NY)0.74
Fwd EY2.9%
FCF(TTM)2.52
FCFY9.84%
OCF(TTM)3.31
OCFY12.93%
SpS7.36
BVpS21.67
TBVpS21.67
PEG (NY)0.95
PEG (5Y)N/A
Graham Number26.04
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 | 0.52 |
F-Score3
WACC6.3%
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)3.73%
EPS 3Y-26.69%
EPS 5Y-2.09%
EPS Q2Q%-14.29%
EPS Next Y19.42%
EPS Next 2Y-20.35%
EPS Next 3Y-15.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.29%
Revenue growth 3Y2.45%
Revenue growth 5Y2.33%
Sales Q2Q%-1.25%
Revenue Next Year-1.63%
Revenue Next 2Y1.99%
Revenue Next 3Y2.69%
Revenue Next 5Y3.55%
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%.