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Highwoods Properties Inc(HIW)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$30.75
09/22/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for HIW

09/22/2026: HIW (4-star) is currently NOT-A-BUY. Pass it for now.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 56%
Avg. Invested days 49
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/22/2026

Upturn Scorecard

Upturn Star Rating

HIW receives a 4-star rating, supported by solid unit economics, and solid company fundamentals. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

HIW has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+56.1%) and strong cash generation (FCF margin 20.7%) are partially offset by slightly negative revenue growth (-2.4%), modest insider ownership of 1.31%.

Financial Health Rating

HIW's financial health is supported by solid profitability, including gross margin of 67.6% and operating margin of 26.0%. Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

Earnings growth is HIW's strongest growth driver at +56.1% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-2.4%, slightly negative) and free-cash-flow growth (-58.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 120.8% and approximately 98.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.31% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 15.92%
Cohen & Steers Inc 15.26%
Vanguard Portfolio Management, LLC 10.64%
State Street Corp 6.18%
Massachusetts Financial Services Company 5.12%

Unit Economics (Per $1K Revenue)

HIW generates approximately $676 of gross profit, $260 of operating income, and $207 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 0.00%

Quantitative Style Profile

HIW has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.45B USD
Price to earnings Ratio 20.36
1Y Target Price 32.33
Price to earnings Ratio 20.36
1Y Target Price 32.33
Volume (30-day avg) 1.1M shares
Beta 1.06
52 Weeks Range 19.73 - 34.88
Updated Date 09/22/2026
52 Weeks Range 19.73 - 34.88
Updated Date 09/22/2026
Dividends yield (FY) 6.44%
Basic EPS (TTM) 1.51

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 20.36
Forward PE 65.79
Enterprise Value 6.83B
Price to Sales(TTM) 4.12
Enterprise Value 6.83B
Price to Sales(TTM) 4.12
Enterprise Value to Revenue 8.17
Enterprise Value to EBITDA 10.66
Shares Outstanding 110.27M
Shares Floating 108.82M
Shares Outstanding 110.27M
Shares Floating 108.82M
Percent Insiders 1.31
Percent Institutions 120.78

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Highwoods Properties Inc

Exchange NYSE
Headquarters Raleigh, NC, United States
IPO Launch date 1994-06-07
President, CEO & Director Mr. Theodore J. Klinck
Sector Real Estate
Industry REIT - Office
Full time employees 315
Full time employees 315

Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. The firm's vision is to be a leader in the evolution of commercial real estate for the benefit of customers, their communities and those who invest with them. Highwood Properties' mission is to create environments and experiences that inspire their teammates and their customers to achieve more together. They are in the work-placemaking business and believe that by creating exceptional environments and experiences, they can deliver greater value to customers, their teammates and, in turn, their shareholders. Highwoods Properties, Inc., is headquarters in Raleigh. Highwoods Properties, Inc. was incorporated in 1978 in Maryland, USA.