HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis

NYSE:HIW • US4312841087

23.12 USD
+1.09 (+4.95%)
At close: Feb 13, 2026
23.2 USD
+0.08 (+0.35%)
After Hours: 2/13/2026, 8:14:57 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to HIW. 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.


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.
  • Of the past 5 years HIW 4 years had a positive operating cash flow.
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

  • HIW's Return On Assets of 2.03% is fine compared to the rest of the industry. HIW outperforms 64.75% of its industry peers.
  • HIW has a better Return On Equity (5.24%) than 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.
  • 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 of 25.78%. This is comparable to the rest of the industry: HIW outperforms 56.56% of its industry peers.
  • HIW's Operating Margin has been stable in the last couple of years.
  • HIW has a Gross Margin of 67.08%. This is comparable to the rest of the industry: HIW outperforms 49.18% of its industry peers.
  • In the last couple of years the Gross Margin of HIW has remained more or less at the same level.
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

  • 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 has a Altman-Z score of 0.48. This is comparable to the rest of the industry: HIW outperforms 46.72% of its industry peers.
  • HIW has a debt to FCF ratio of 12.30. This is a negative value and a sign of low solvency as HIW would need 12.30 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 12.30, HIW belongs to the best of the industry, outperforming 86.89% of the companies in the same industry.
  • A Debt/Equity ratio of 1.43 is on the high side and indicates that HIW has dependencies on debt financing.
  • HIW has a Debt to Equity ratio (1.43) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.43
Debt/FCF 12.3
Altman-Z 0.48
ROIC/WACC0.46
WACC6.14%
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

  • A Current Ratio of 1.42 indicates that HIW should not have too much problems paying its short term obligations.
  • HIW's Current ratio of 1.42 is fine compared to the rest 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.
  • With a decent Quick ratio value of 1.39, HIW is doing good in 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.
  • The Earnings Per Share has been decreasing by -8.81% on average over the past years.
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
  • 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

  • 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.
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 11.01 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 27.97, which is the current average of the S&P500 Index.
  • HIW is valuated rather expensively with a Price/Forward Earnings ratio of 24.18.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HIW indicates a rather cheap valuation: HIW is cheaper than 90.16% of the companies listed in the same industry.
  • HIW's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 11.01
Fwd PE 24.18
HIW Price Earnings VS Forward Price EarningsHIW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 75.41% 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 cheaply inside the industry as 94.26% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.18
EV/EBITDA 11.88
HIW Per share dataHIW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

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

More info and screens

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 9.08%, HIW is a good candidate for dividend investing.
  • In the last 3 months the price of HIW has falen by -20.66%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • HIW's Dividend Yield is rather good when compared to the industry average which is at 6.82. HIW pays more dividend than 85.25% of the companies in the same industry.
  • HIW's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 9.08%

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
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

More info and screens

Find the best dividend stocksShow peers with best dividend

HIGHWOODS PROPERTIES INC

NYSE:HIW (2/13/2026, 8:14:57 PM)

After market: 23.2 +0.08 (+0.35%)

23.12

+1.09 (+4.95%)

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 Cap2.54B
Revenue(TTM)N/A
Net Income(TTM)124.87M
Analysts68.57
Price Target29.58 (27.94%)
Short Float %6.43%
Short Ratio5.32
Dividend
Industry RankSector Rank
Dividend Yield 9.08%
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)0.21%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.86%
Valuation
Industry RankSector Rank
PE 11.01
Fwd PE 24.18
P/S 3.14
P/FCF 9.18
P/OCF 6.99
P/B 1.07
P/tB 1.07
EV/EBITDA 11.88
EPS(TTM)2.1
EY9.08%
EPS(NY)0.96
Fwd EY4.14%
FCF(TTM)2.52
FCFY10.89%
OCF(TTM)3.31
OCFY14.31%
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
WACC6.14%
ROIC/WACC0.46
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 7 / 10 and the dividend payout ratio is 174.24%.