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Company Analysis

Highwoods Properties, Inc. HIW

A comprehensive view of key metrics, scores, and financial health for Highwoods Properties, Inc.

Overview of Highwoods Properties, Inc.

HIW NYQ
Real Estate REIT - Office Framework: Real Estate Investment Trusts Mid Cap
Highwoods Properties, Inc. (HIW), is a Mid Cap company, in the REIT - Office industry, last closed at $31.31, about 63.0% overvalued vs fair value, +8.9% 1Y return, placing in the top 25% of its sector.
Metrics P/E 18.2× Rev Growth -2.4% ROE 6.7% Gross Margin 67.6% Div Yield 7.72%
USD 31.31
1.07%
(Delayed)
• Vol 90d: 26.8%
52-Week Range
Market Cap
$3.52B
Enterprise Value
$7.46B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 100%
Confidence: 97%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.highwoods.com
HQ Raleigh, NC
Employees 315
Fiscal year Dec 31

Next Events

Dividend Dec 8 Ex-div: Nov 16

Fair Value Snapshot

Bear Base Bull
$10
$12
$13
Current: $31.31 -63% vs base

Engine Room Money Flow™

Mid Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$806.1M
-2.4%%
Net Operating Income
$209.5M
-1.5%%
Net Income
$157.3M
56.1%%
FFO (Funds From Operations)
$360.9M
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
60.7%
Excellent

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$221.1M
72.1% of AFFO

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
3
Active Leaks
0/3
Improving
0
High Impact
0
Critical
Locked Leak
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Locked Leak
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Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating Highwoods Properties, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
68
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Strong NOI Margins NOI margins are strong (score 0.82), demonstrating rent pricing power.
  • Stable NOI Performance NOI stability is excellent (score 0.75), suggesting reliable rent streams.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Rent Pricing Power

Strong
79
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Signals, strengths and risks for Rent Pricing Power

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Signals, strengths and risks for AFFO Strength

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Signals, strengths and risks for Balance Sheet & Cost of Capital

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Signals, strengths and risks for Capital Recycling & Growth

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Portfolio Quality & Diversification

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing HIW's balance between Growth (26.3%), Profitability (42.0%), and Safety (31.7%). Growth 26% Safety 32% Profitability 42%

Click axes to expand details. Marker shows current allocation.

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Growth

43th percentile vs peers
43
Key Signals
AFFO/Share 2.79 71p FFO/Share 3.28 70p AFFO YoY Growth 57.9% 82p EPS Growth YoY 54.4% 71p Rev Growth YoY -2.4% 24p
Strengths
  • AFFO YoY Growth in top 20% of peers (57.9%, 82th percentile)
  • Cash Flow to Debt Ratio in top 20% of peers (3.95, 87th percentile)
  • Consistently strong margins across 3 metrics
  • Strong liquidity position vs peers
Risks

No significant risks identified for this axis.

Profitability

69th percentile vs peers
70
Key Signals
Strengths
Risks
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Safety

52th percentile vs peers
52
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Highwoods Properties, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$11.58
- - -
-63.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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