Stock Analysis
Highwoods Properties Inc.HIW
P/E 19.45×· 5Y range 8.40–37.18×· 51th percentile of history
Sector: Real Estate · Industry: Real Estate Investment Trusts
AnalystsHold14 analystsP/E 19.5× sits at the 51st percentile of its 5.086926762491444-year history.
Cash covers 4% of debt · Q2 2026.
PMP Verdict
Weak fundamentals
Risks
- Growth6
- Financial Health31
Weak fundamentals — valuation is the only support.
What's happening with HIW
Profile
growth, moat, financial health, earnings quality and profitability lag behind.
How is each axis scored?
- Valuation52/100 · Moderate
- P/E vs own history (51th pct)12/25
- FCF yield (n/a)10/25
- P/S (3.9x)20/25
- EV/EBIT (n/a)10/25
- Growth6/100 · Weak
- Revenue CAGR (1.2%)6/25
- Net income CAGR (-15.7%)0/25
- EPS CAGR 5Y (-16.3%)0/25
- Fwd implied growth (-31.9%)0/25
- Profitability45/100 · Weak
- ROIC (n/a)0/25
- ROE (6.3%)5/25
- Net margin (19.9%)20/25
- Operating margin (24.9%)20/25
- Financial Health31/100 · Weak
- Altman Z (0.07)3/25
- Current ratio (1.87)18/25
- Interest coverage (2.1x)10/25
- Net cash / debt (D/A 52%)0/25
- Quality35/100 · Weak
- Piotroski F (4/9)10/25
- Beneish M (-2.69)25/25
- FCF conversion (n/a)0/25
- Margin stability (n/a)0/25
- Moat25/100 · Weak
- ROIC >12% years (n/a)0/25
- Median gross margin (n/a)0/25
- FCF-positive years (n/a)0/25
- Worst-year net margin (worst 12.1%)25/25
Risk Flags
- ⚠Altman Z 0.1 — distress-zone balance sheet
- ⚠Interest coverage 2.1× — thin debt cushion
About Highwoods Properties Inc.
Highwoods Properties Inc is a fully integrated office REIT that owns, develops, acquires, leases, and manages office properties mainly in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. Show more
Its principal business is the operation, acquisition, and development of rental office properties, with no material inter-segment transactions. The Company evaluates performance by geographic location, and the operating results by geographic grouping are regularly reviewed by the chief operating decision maker. The core portfolio consists mainly of office properties in its key markets, with the majority of revenue derived from its Raleigh properties.
Headquarters: RALEIGH, NC · Employees: 315 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
52CP/E (TTM)19.5xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 8.4x–37.2x · 51st pct
P/FCF9.9xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield10.1%A
Grade A: ValueInverse of Finnhub P/FCF (own TTM FCF unavailable)
P/S (TTM)3.88xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 2.3x–6.8x · 52nd pct
EV/EBITDA13.0xB
Grade B: FairEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales10.4xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E28.6xC
Grade C: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.22xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.71A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield6.82%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio131.3%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
45D+ROIC—
NOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE6.3%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA2.6%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin19.9%A
Grade A: HighNet Income / Revenue
Operating Margin—
TTM EBIT / TTM Revenue
Gross Margin67.2%A
Grade A: PremiumGross Profit / Revenue
FCF Margin—
FCF / Revenue
True FCF Margin—
TTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
6ERevenue CAGR1.2%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-15.7%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-16.3%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-31.9%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+3.2%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income5.6%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue1.1%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
31DAltman Z-Score0.07D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.87xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.68xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage2.1xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity1.33xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.04xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
35DPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.69A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability—
EBIT margin std deviation. Lower = stable
Capex / Revenue—
TTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.10xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 records| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Miller Jeffrey Douglas Filed | Miller Jeffrey Douglas | Gift | -1000 | |
Todd Candice W Filed | Todd Candice W | Grant / award | +3.6K | |
Gadis David L Filed | Gadis David L | Grant / award | +3.6K | |
Evans Carlos E Filed | Evans Carlos E | Grant / award | +3.6K | |
Anderson Charles Albert Filed | Anderson Charles Albert | Grant / award | +3.6K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Hartzell David John Filed | Hartzell David John | Grant / award | +3.6K | |
LLOYD ANNE H Filed | LLOYD ANNE H | Grant / award | +3.6K | |
Leary Brian M Filed | Leary Brian M | Tax withholding | -8815 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
25EROIC >12% Years—
Share of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years—
Share of completed fiscal years with positive free cash flow
Net Margin Floor12.1%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.51
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.32
Cash & short-term investments per share (Finnhub)
Book Value / Share$21.68
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$3.52B
Total debt obligations (short + long term)
Cash & Equiv.$145.38M
Cash and short-term investments
Net Debt$3.37B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$2.65B
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$3.24B
Current Market Capitalization
Beta1.09B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Highwoods Properties Inc. (HIW)
Piotroski F-Score of 4/9 indicates mixed fundamentals for Highwoods Properties Inc.. Altman Z-Score of 0.07 is below the 1.81 distress threshold — an elevated financial-risk flag.
- Beneish M-Score of -2.69 suggests a low likelihood of earnings manipulation.
- The stock currently yields 6.8% in dividends.
See how HIW ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all HIW moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | Regular | 28.37 | -4.67% | -3.07 |
| Oct 14 | After-hours | 28.51 | -4.20% | -2.75 |
| Sep 23 | Regular | 29.90 | -2.76% | -2.30 |
| Sep 23 | After-hours | 29.69 | -3.45% | -2.92 |
| Sep 21 | Regular | 31.14 | +2.37% | 2.41 |
Frequently Asked Questions about HIW
What is the current Highwoods Properties Inc. (HIW) stock price?
HIW is trading at $29.34 at the last market close, up 0.45% on the session. PreMarketPrice tracks HIW pre-market, intraday and after-hours prices.
Is HIW stock a buy right now?
PreMarketPrice's quantitative model rates Highwoods Properties Inc.'s financial health at 31/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is HIW stock overvalued?
Highwoods Properties Inc. trades at a trailing P/E of 19.5 and our valuation score rates it 52/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Highwoods Properties Inc. report earnings?
No confirmed earnings date is currently scheduled for HIW. The Earnings section lists recent reports and updates as dates are announced.
What sector does Highwoods Properties Inc. operate in?
Highwoods Properties Inc. operates in the Real Estate sector, within the Real Estate Investment Trusts industry. The Related Stocks section lists sector peers for comparison.
What does Highwoods Properties Inc. do?
Highwoods Properties Inc is a fully integrated office REIT that owns, develops, acquires, leases, and manages office properties mainly in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa.
About Highwoods Properties Inc. (HIW) Stock
Highwoods Properties Inc. (HIW) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry. As of the latest update, Highwoods Properties Inc. is trading at $29.34, up 0.45% on the day with a market capitalization of $3.2 billion. The financial health score for HIW is 31/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for HIW stock.
HIW Stock Analysis & Key Metrics
On PreMarketPrice, you can track Highwoods Properties Inc. (HIW) across multiple dimensions:
- Pre-market price & movement: Real-time HIW stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for HIW with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Highwoods Properties Inc. across multiple reporting periods.
- Financial health score: A composite score of 31/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for HIW.
- Sector peers: Compare HIW against 5 other real estate stocks on key financial metrics.
Is HIW a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Highwoods Properties Inc. (HIW) as an investment. The financial health score of 31/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Highwoods Properties Inc. (HIW) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.