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StockVS

NYSE · REIT - Office · USD

Highwoods Properties, Inc. (HIW) Stock Analysis

Highwoods Properties, Inc. (HIW) is a REIT - Office stock listed on NYSE and quoted in US Dollar.

HIW

$31.19

+$0.18 (+0.58%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HIW Key Statistics

As of Sep 4, 2026
Trading
Open
$30.75
Previous Close
$31.01
Day's Range
30.70–31.40
52-Week Range
20.45–35.44
Volume
1.11M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.06
Valuation
Market Cap
$3.50B
P/E Ratio
20.66
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
44.56
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
7.77
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.18
EPS (ttm)Profit attributable to each share over the last twelve months.
1.51
Financials (FY)
Revenue (FY)
$806.11M−2.39%
Net Income (FY)
$159.61M+56.10%
Profit marginThe share of revenue left as profit after all costs and taxes.
20.11%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
110.31M
1-Year Return
+5.74%
Dividend and dates
Dividend
$2.00+6.45%
Ex-Dividend Date
August 17, 2026
Earnings Date
October 27, 2026
Avg Volume
1.67M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

HIW Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+25.94%
2025−9.61%
2024+43.11%
2023−10.14%
2022−33.58%
2021+17.63%
2020−14.76%
2019+31.82%
2018−20.83%
2017+3.37%
2016 (partial year)−3.55%

As of September 4, 2026.

HIW Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$806.11M$159.61M19.8%
2024$825.86M$102.25M12.4%
2023$834.00M$148.72M17.8%
2022$828.93M$159.06M19.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$806.11M$544.74M$209.48M$159.61M19.8%
2024$825.86M$553.69M$212.74M$102.25M12.4%
2023$834.00M$565.22M$222.95M$148.72M17.8%
2022$828.93M$569.12M$239.25M$159.06M19.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HIW Dividend History

$2.00+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.503—
2025$2.004+0.0%
2024$2.004+0.0%
2023$2.004+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.503—
2025$2.004+0.0%
2024$2.004+0.0%
2023$2.004+0.0%
2022$2.004+2.0%
2021$1.964+2.1%
2020$1.924+1.1%
2019$1.904+2.6%
2018$1.854+5.2%
2017$1.764+43.7%
2016$1.232—

Most recent payment: $0.50 per share, ex-dividend August 17, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

HIW Valuation vs REIT - Office Median

Median of 22 stocks
MetricHIWREIT - Office medianvs median
P/E20.6640.2349% below
P/S ratio4.183.1931% above
Profit margin20.11%−16.72%36.8 pts above

Medians across 22 REIT - Office stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 8 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Highwoods Properties, Inc. (HIW) carries a market capitalisation of $3.50B. The company sits in the Real Estate sector, in the REIT - Office industry. The company reports 315 employees.

The 52-week range on file runs from $20.45 to $35.44. HIW last closed at $31.19 on September 4, 2026. That is +$0.18 (+0.58%) against the previous close. The latest close sits 52.52% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $806.11M. That is −2.39% against the prior fiscal year, when revenue was $825.86M. The same year closed with net income of $159.61M. That is +56.10% against the prior fiscal year. The reported profit margin is 20.11%. That is 36.8 percentage points above the REIT - Office median of −16.72%. Earnings per share on a trailing basis come to 1.51.

Across the 4 fiscal years on file, revenue moves from $828.93M in 2022 to $806.11M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

HIW trades at a trailing price-to-earnings ratio of 20.66. That is 48.65% below the REIT - Office median of 40.23. The forward P/E on file is 44.56. The PEG ratio, which sets the P/E against expected earnings growth, reads 7.77. The price-to-sales ratio is 4.18. On price-to-sales that is 30.92% above the REIT - Office median of 3.19. 22 REIT - Office companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +5.74%. Across 10 years the annualized return works out at +0.27%. Beta against the wider market is reported at 1.06. Annualized volatility over the trailing 10 years is 30.72%.

Growth & Income

HIW pays a dividend yielding 6.45%. That is 2 percentage points above the REIT - Office median yield of 4.5%. At the indicated rate that is $2.00 a share a year. The ex-dividend date on file is August 17, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.50 a share. The year before, 2025, totalled $2.00 a share.

2026 is still running; the price is +25.94% year to date. Across the complete calendar years on file, 2024 returned +43.11% and 2022 returned −33.58%. Of the 9 complete calendar years on file, 4 finished higher.

Peer Comparison

Highwoods Properties, Inc. (HIW) operates in the REIT - Office industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Highwoods Properties, Inc. HIW $3.50B 20.7
BXP, Inc. BXP $12.24B 36.6
Alexandria Real Estate Equities, Inc. ARE $9.06B —
Vornado Realty Trust VNO $7.25B 1219.7

The REIT - Office industry average P/E ratio is 40.2x. Highwoods Properties, Inc. trades at a P/E of 20.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Highwoods Properties, Inc.

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.

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