HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis
NYSE:HIW • US4312841087
22.86 USD
-0.25 (-1.08%)
Last: Feb 19, 2026, 11:36 AM
We assign a fundamental rating of 4 out of 10 to HIW. HIW was compared to 123 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 is valued correctly, but it does not seem to be growing. HIW also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- HIW had positive earnings in the past year.
- In the past year HIW had a positive cash flow from operations.
- In the past 5 years HIW has always been profitable.
- In the past 5 years HIW always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of HIW (2.51%) is better than 66.67% of its industry peers.
- HIW has a better Return On Equity (6.61%) than 75.61% of its industry peers.
- With a Return On Invested Capital value of 2.76%, HIW perfoms like the industry average, outperforming 47.97% of the companies in the same industry.
- HIW had an Average Return On Invested Capital over the past 3 years of 2.92%. This 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
- HIW has a Profit Margin of 19.51%. This is in the better half of the industry: HIW outperforms 68.29% of its industry peers.
- 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.
- In the last couple of years the Operating Margin of HIW has declined.
- HIW has a Gross Margin (67.58%) 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 | 25.99% | ||
| 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
- HIW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, HIW has more shares outstanding
- 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 0.46. 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 (0.46) 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 has a better Debt to FCF ratio (11.48) than 89.43% of its industry peers.
- A Debt/Equity ratio of 1.49 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 1.49, HIW is in line with its industry, outperforming 42.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.49 | ||
| Debt/FCF | 11.48 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.45
WACC6.18%
2.3 Liquidity
- HIW has a Current Ratio of 1.48. 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 better Current ratio (1.48) than 74.80% of its industry peers.
- A Quick Ratio of 1.39 indicates that HIW should not have too much problems paying its short term obligations.
- The Quick ratio of HIW (1.39) is better than 69.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
- HIW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.21%, which is quite impressive.
- The earnings per share for HIW have been decreasing by -14.74% on average. This is quite bad
- The Revenue has decreased by -2.39% in the past year.
- The Revenue has been growing slightly by 1.81% on average over the past years.
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
- HIW is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -28.31% yearly.
- 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
- 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
- A Price/Earnings ratio of 15.24 indicates a correct valuation of HIW.
- Based on the Price/Earnings ratio, HIW is valued cheaply inside the industry as 88.62% of the companies are valued more expensively.
- HIW's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.27.
- Based on the Price/Forward Earnings ratio of 23.91, the valuation of HIW can be described as rather expensive.
- 88.62% of the companies in the same industry are more expensive than HIW, based on the Price/Forward Earnings ratio.
- HIW is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.16, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.24 | ||
| Fwd PE | 23.91 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HIW is valued a bit cheaper than the industry average as 73.98% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of HIW indicates a rather cheap valuation: HIW is cheaper than 95.12% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.12 | ||
| 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.
- HIW's Dividend Yield is rather good when compared to the industry average which is at 6.78. HIW pays more dividend than 86.99% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.85, HIW pays a better dividend.
| 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.72%
Div Incr Years0
Div Non Decr Years20
5.3 Sustainability
- 139.32% 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.
DP139.32%
EPS Next 2Y-28.31%
EPS Next 3YN/A
NYSE:HIW (2/19/2026, 11:36:46 AM)
22.86
-0.25 (-1.08%)
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 Cap2.51B
Revenue(TTM)806.11M
Net Income(TTM)157.25M
Analysts68.57
Price Target29.58 (29.4%)
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 | 15.24 | ||
| Fwd PE | 23.91 | ||
| P/S | 3.12 | ||
| P/FCF | 8.12 | ||
| P/OCF | 6.99 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 12.03 |
EPS(TTM)1.5
EY6.56%
EPS(NY)0.96
Fwd EY4.18%
FCF(TTM)2.82
FCFY12.32%
OCF(TTM)3.27
OCFY14.3%
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
WACC6.18%
ROIC/WACC0.45
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%.