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Highwoods Properties(NYSE) HIW

Market Cap$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1994)+978%
5 Year-1%
1 Year+16%
1 Month-2%
Premium Feature
Moneyball Superscore
49/100
$31.39
-0.25%
-0.08Today
After hours$31.41+$0.02 (+0.06%)
Highwoods Properties last closing stock price
MetricPriceDate
Last closeUSD 31.402026-08-21
Highwoods Properties stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.26%USD 31.012026-08-14
1 month-1.83%USD 31.982026-07-22
3 month+24.39%USD 25.242026-05-22
Year to date+28.83%USD 24.372025-12-31
1 year+15.87%USD 27.102025-08-21
3 year+75.26%USD 17.922023-08-22
5 year-0.73%USD 31.632021-08-20
Since inception+978.01%USD 2.911994-06-08

Highwoods Properties Financials at a Glance

Market Cap

$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$835.54M

Net Income (TTM)

$168.67M

EPS (TTM)

$1.49

P/E Ratio

21.01

Dividend

$2.00

Beta (Volatility)

0.87 (Low)

Price

$31.39

Volume

6

Open

$31.56

Previous Close

$31.40

Daily Range

$31.18 - $31.56

52-Week Range

$20.45 - $35.44

Estimated Earnings Date

Oct 27, 2026

HIW News

22_03_07 Two people walking through a revolving door _GettyImages-AA026422

Here's How Highwoods Properties Can Afford Its 7.8%-Yielding Dividend

Reuben Gregg BrewerJul 22, 2023
office space and zoom meeting

Office REITs Are Reeling. Time to Buy? Perhaps, But Go in with Eyes Wide Open.

Marc RapportJun 21, 2023
business person talking on roof top garden outside office building

Why Is Highwoods Properties' Dividend So High?

Reuben Gregg BrewerApr 9, 2023
group diverse people in office working collaboration

My Top Real Estate Stock to Buy in September

Marc RapportSep 20, 2022

Highwoods Properties Increases Sales but Misses Estimates on Earnings

Seth JaysonFeb 8, 2012

Highwoods Properties Earnings Preview

Narrative ScienceFeb 3, 2012

Dividends Aren't Enough: Office REITs

Jeremy Myers, CFASep 3, 2010

Hurray for a Downgrade

Brian LawlerJun 12, 2007

HIW: Motley Fool Moneyball Superscore

49

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About Highwoods Properties

Highwoods Properties, Inc. rents modern office spaces to companies. It builds, buys, and manages high-quality buildings in city centers. These workspaces help employers attract and keep talented workers.

What Highwoods Does

  • Office Leasing: Workspace rentals in amenity-rich business districts across the Sunbelt and South.
  • Property Development: Construction of new office projects to expand the corporate portfolio; includes up to $400 million in planned starts for late 2026.
  • Property Management: Internal operations including maintenance, utilities, and janitorial services for all owned buildings.

Recent Strategic Moves

  • Acquired office properties in Raleigh, Charlotte, and Dallas during the first six months of 2026 to upgrade portfolio quality.
  • Sold a building in Nashville and land in Richmond for $259 million in the second quarter of 2026.
  • Agreed to sell $73.5 million of noncore assets in Richmond and Atlanta by August 15, 2026.
  • Extended a $150 million unsecured bank term loan maturity from May 2027 to June 2029.

The BBD Advantage

The company focuses on Best Business Districts (BBDs), which are areas with many amenities and services that help companies attract workers. Highwoods operates as a fully integrated business by managing every stage of the real estate cycle internally.

Performance by the Numbers

  • Rental and other revenues rose $15.8 million, up 7.9% year over year in the second quarter of 2026.
  • Net operating income reached $146.2 million in the second quarter of 2026, up 6.8% year over year.
  • Average combined GAAP rents for new leases signed in the second quarter of 2026 were $40.97 per square foot, up 20.9% over previous leases.
  • Portfolio occupancy improved to 85.7% as of June 30, 2026, compared to 85.3% as of Dec. 31, 2025.

Evolution of the Portfolio

Highwoods has evolved by concentrating its portfolio on premium workplaces in high-demand southern markets. This strategy involves selling older properties to reinvest in modern developments and acquisitions in high-growth areas.

AI Generated • Jul 29, 2026

Industry

Office REITs

Sector

Real Estate

Employees

315

CEO

Theodore J. Klinck, MBA

Website

www.highwoods.com

Headquarters

Raleigh, NC 27601, US

HIW Financials

Key Financial Metrics (TTM)

Gross Margin

67.21%

Operating Margin

25.76%

Net Income Margin

20.19%

Return on Equity

7.09%

Return on Capital

3.48%

Return on Assets

2.61%

Earnings Yield

4.76%

Dividend Yield

6.37%

Payout Ratio

1.31%

Stock Overview

Market Cap

$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

110.31M

Volume

6

Avg. Volume

1.72M

Financials (TTM)

Gross Profit

$561.59M

Operating Income

$215.26M

EBITDA

$559.35M

Operating Cash Flow

$386.24M

Capital Expenditure

-$11.27M

Free Cash Flow

$374.97M

Cash & ST Invst.

$145.38M

Total Debt

$3.52B

Highwoods Properties Performance Analysis

Highwoods Properties annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 839,791,0009.6%
20232023-12-31USD 840,151,0000.0%
20242024-12-31USD 831,515,000-1.0%
20252025-12-31USD 811,433,000-2.4%
Highwoods Properties sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-300.6%
Q42025-12-310.8%
Q12026-03-315.3%
Q22026-06-301.1%
Highwoods Properties annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.49-50.0%
20232023-12-31USD 1.39-7.0%
20242024-12-31USD 0.94-32.2%
20252025-12-31USD 1.4251.3%
Highwoods Properties sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-29.4%
Q42025-12-31116.7%
Q12026-03-3111.5%
Q22026-06-30193.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$216.38M

+7.9%

Gross Profit

$146.22M

+6.8%

Gross Margin

67.58%

N/A

Market Cap

$3.46BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$11.00M

N/A

Employees

315

N/A

Net Income

$94.05M

+398.8%

EBITDA

$136.33M

+3.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$145.38M

+586.0%

Total Debt

$3.52B

+5.4%

Accounts Receivable

$315.48M

-9.5%

Inventory

$0.00

N/A

Long Term Debt

$3.52B

+5.4%

Short Term Debt

$0.00

N/A

Return on Assets

2.61%

N/A

Return on Invested Capital

3.49%

N/A

Free Cash Flow

$173.88M

+49.2%

Operating Cash Flow

$125.23M

+7.5%

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Questions About HIW

What is the current price of Highwoods Properties?

Highwoods Properties is trading at $31.40 per share.

What is the 52-week range for Highwoods Properties?

Over the past 52 weeks, Highwoods Properties has traded between $20.45 and $35.44.

How much debt does Highwoods Properties have?

As of the most recent reporting period, Highwoods Properties reported total debt of $3.53B.

How much cash does Highwoods Properties have on hand?

Highwoods Properties reported $166.03M in cash and cash equivalents in its most recent financial results.

What is Highwoods Properties’s dividend yield?

Highwoods Properties currently has a dividend yield of 6.37%.

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