Stock AnalizHighwoods Properties, Inc. HIW
Real Estate Investment Trusts · IPO 1994 · data as of November 13, 2026
Highwoods Properties, Inc. (HIW) is a real estate company listed in the US with a market value of about $3.4B. In the twelve months to September 30, 2026 it had revenue of $852M and net income of $185M, a net margin of 21.7%.
Its overall Stock Analiz score is 2.8 out of 5 (average). The strongest part is value (4/5); the weakest is future growth (1/5).
Key numbers: a P/E of 18.8, a price to free cash flow of 9.0, 5-year revenue growth of 2% a year, a 5-year average ROIC of 18%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 77% above the current price.
Score: 2.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- ROE above 15%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $852M | $806M | $826M | $834M | $829M | $768M | $737M | $736M | $720M | $703M | $666M |
| Net income | $185M | $157M | $100M | $146M | $157M | $311M | $345M | $134M | $169M | $183M | $522M |
| Free cash flow | $380M | -$82M | $353M | $368M | $197M | $109M | $356M | -$58M | $308M | $351M | $196M |
| EPS (diluted) | $1.65 | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $1.30 | $1.64 | $1.78 | $5.30 |
| Net margin | 21.7% | 19.5% | 12.1% | 17.5% | 18.9% | 40.5% | 46.8% | 18.3% | 23.5% | 26.0% | 78.4% |
| ROIC | — | 17.9% | 18.3% | 18.1% | 17.9% | 16.7% | 16.8% | 17.6% | 16.8% | 16.6% | 16.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 9 analysts is $31.44, 1% above the current price; targets range from $28.00 to $35.00; the consensus rating is “Hold”; expected EPS is $0.54 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Highwoods Properties’s P/E ratio?
About 18.8, based on the last twelve months of diluted earnings per share (forward P/E about 58.1).
Is Highwoods Properties stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 77% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Highwoods Properties pay a dividend?
Yes. The dividend yield is about 6.41%, and it has paid dividends for 10 years in our data.
Is Highwoods Properties a good stock to buy?
We do not give buy or sell advice. Highwoods Properties scores 2.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.