Is Highwoods Properties (HIW) overvalued or fairly valued?

MarketChacha shows Highwoods Properties's valuation in context — a trailing P/E of about 19.6, a forward P/E of about 50.0, a price-to-book of about 1.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Highwoods Properties's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.75×) from reported figures — education, not a rating.

What is Highwoods Properties's revenue?

Highwoods Properties reported revenue of $806.1M for FY2025, with net profit of $162.7M, per official filings.

What is the share price of Highwoods Properties (HIW)?

Highwoods Properties last traded at $29.18 (+2.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Highwoods Properties

HIW · NYSE · Real Estate · United States

Snapshot

TickerHIW

ExchangeNYSE

SectorReal Estate

IndustryREIT - Office

CountryUnited States

Employees315

HeadquartersRaleigh, United States

Websitewww.highwoods.com

Filings tracked11

About Highwoods Properties

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.

Who owns it

Insiders1.3%
Institutions98.7%
Public & other0.0%

505 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.19.05%
Cohen & Steers Inc.15.26%
Vanguard Portfolio Management LLC10.91%
State Street Corporation6.88%
Massachusetts Financial Services Co.5.31%
Vanguard Capital Management LLC4.49%
T. Rowe Price Investment Management, Inc.3.16%
Geode Capital Management, LLC2.92%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 6.8% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion2.75×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend18.1% → 20.2%

Margin has expanded by about 2.0 points — the business is getting more profitable.

Return on equity6.8%

Latest ROE of 6.8% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -2% · PAT 4%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $220.1M · EPS 0.14

Est. earnings growth +70.7%

Next fiscal year

Rev $895.4M · EPS 0.57

Est. earnings growth +5.6%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$806.1M

Net margin

20.2%

ROE

6.8%

Revenue CAGR (2y)

-1.7%

Profit CAGR (2y)

+3.7%

EPS (FY2025)

1.45

Net profit (FY2025)

$162.7M

Ask MarketChacha about HIW

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$806.1M	$162.7M	1.45	20.2%	6.8%
FY2024	$825.9M	$104.3M	0.94	12.6%	4.4%
FY2023	$834.0M	$151.3M	1.39	18.1%	6.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$214.0M	$33.4M	0.29	15.6%
2025Q3	$201.8M	$13.7M	0.12	6.8%
2025Q2	$200.6M	$19.2M	0.17	9.6%
2025Q1	$200.4M	$100.0M	0.91	49.9%
2024Q3	$204.3M	$15.5M	0.14	7.6%
2024Q2	$204.7M	$64.8M	0.59	31.6%
2024Q1	$211.3M	$27.2M	0.25	12.9%
2023Q3	$207.1M	$23.2M	0.21	11.2%
2023Q2	$207.3M	$43.9M	0.40	21.2%
2023Q1	$212.8M	$45.0M	0.42	21.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/28/2026
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/4/2026material
8-K — Shareholder vote results
SEC5/12/2026material
10-Q filing
SEC4/28/2026
8-K — Other events, Exhibits
SEC2/11/2026material
10-K filing
SEC2/10/2026

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC11/14/2025material
8-K — Other events, Exhibits
SEC11/5/2025material
10-Q filing
SEC10/28/2025
8-K — Material agreement, Material financial obligation, Exhibits
SEC8/14/2025material
10-Q filing
SEC7/29/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.