Highwoods Properties Inc (HIW)

Official site

REAL ESTATE • REIT - OFFICE • NYSE

$30.51

+0.04 (+0.13%)

Market Cap: $3.43B

Last updated: Oct 23, 2026 at 5:00 PM ET

Earnings

Performance (10Y)

Beat Rate

59%(23/39)

Avg Surprise

+0.29%

Streak

2 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$0.13

Range$0.13 - $0.13

1 analysts

EPS RevisionsNo revisions (7d)No revisions (30d)

EPS Estimate DriftChange to current

90d ago$0.00n/a

60d ago$0.15-13.3%

30d ago$0.15-13.3%

7d ago$0.15-13.3%

Current$0.13

Revenue Consensus

$217M

Range$214M - $223M

5 analysts

Period ending Dec 31, 2026

EPS Consensus$0.17

Range$0.17 - $0.17

1 analysts

Revenue Consensus

$227M

Range$206M - $242M

7 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.17	$0.17 - $0.17	-	-	1	-	-
Sep 30, 2026Sep 26EST	-	$0.13	$0.13 - $0.13	-	-	1	No revisions (30d)	-
Jun 30, 2026Jun 26 Reported Jul 28, 2026Reported Jul 28	$0.90	$0.86	$0.86 - $0.86	+4.65%	Beat	1	0 1 30d	+429.4%
Mar 31, 2026Mar 26 Reported Apr 28, 2026Reported Apr 28	$0.13	$0.10	$0.10 - $0.10	+30.00%	Beat	1	0 1 30d	-85.7%
Dec 31, 2025Dec 25 Reported Feb 10, 2026Reported Feb 10	$0.08	$0.12	$0.12 - $0.12	-33.33%	Miss	1	0 1 30d	+188.9%
Sep 30, 2025Sep 25 Reported Oct 28, 2025Reported Oct 28	$0.14	$0.14	$0.14 - $0.14	+0.00%	Beat	1	0 1 30d	+7.7%
Jun 30, 2025Jun 25 Reported Jul 29, 2025Reported Jul 29	$0.17	$0.16	$0.16 - $0.16	+6.25%	Beat	1	0 1 30d	-34.6%
Mar 31, 2025Mar 25 Reported Apr 29, 2025Reported Apr 29	$0.91	$0.32	$0.32 - $0.32	+184.38%	Beat	0	No revisions (30d)	+435.3%
Dec 31, 2024Dec 24 Reported Feb 11, 2025Reported Feb 11	$-0.09	$0.08	$0.08 - $0.08	-212.50%	Miss	1	0 1 30d	-200.0%
Sep 30, 2024Sep 24 Reported Oct 22, 2024Reported Oct 22	$0.13	$0.16	$0.16 - $0.37	-18.75%	Miss	4	0 1 30d	-38.1%
Jun 30, 2024Jun 24 Reported Jul 23, 2024Reported Jul 23	$0.26	$0.18	$0.18 - $0.43	+44.44%	Beat	4	No revisions (30d)	+23.8%
Mar 31, 2024Mar 24 Reported Apr 23, 2024Reported Apr 23	$0.17	$0.21	$0.13 - $0.29	-19.05%	Miss	4	No revisions (30d)	-41.4%
Dec 31, 2023Dec 23 Reported Feb 6, 2024Reported Feb 6	$0.09	N/A	-	-70.00%	Miss	4	No revisions (30d)	-65.4%
Sep 30, 2023Sep 23 Reported Oct 24, 2023Reported Oct 24	$0.21	$0.20	$0.20 - $0.22	+5.00%	Beat	3	No revisions (30d)	-25.0%
Jun 30, 2023Jun 23 Reported Jul 25, 2023Reported Jul 25	$0.21	$0.25	$0.25 - $0.33	-16.00%	Miss	3	No revisions (30d)	-56.3%
Mar 31, 2023Mar 23 Reported Apr 25, 2023Reported Apr 25	$0.29	$0.18	$0.18 - $0.28	+61.11%	Beat	3	No revisions (30d)	-14.7%
Dec 31, 2022Dec 22 Reported Feb 7, 2023Reported Feb 7	$0.26	$0.26	$0.26 - $0.30	+0.00%	Beat	3	No revisions (30d)	-10.3%
Sep 30, 2022Sep 22 Reported Oct 25, 2022Reported Oct 25	$0.28	$0.29	$0.29 - $0.33	-3.45%	Miss	3	No revisions (30d)	-9.7%
Jun 30, 2022Jun 22 Reported Jul 26, 2022Reported Jul 26	$0.48	$0.32	$0.32 - $0.98	+50.00%	Beat	4	No revisions (30d)	+41.2%
Mar 31, 2022Mar 22 Reported Apr 26, 2022Reported Apr 26	$0.34	$0.30	$0.30 - $0.39	+13.33%	Beat	3	No revisions (30d)	+3.0%
Dec 31, 2021Dec 21 Reported Feb 8, 2022Reported Feb 8	$0.29	$0.32	-	-9.38%	Miss	2	No revisions (30d)	+3.6%
Sep 30, 2021Sep 21 Reported Oct 26, 2021Reported Oct 26	$0.31	$0.26	$0.20 - $0.33	+19.23%	Beat	2	1 0 30d	+10.7%
Jun 30, 2021Jun 21 Reported Jul 27, 2021Reported Jul 27	$0.34	$0.33	$0.32 - $0.35	+3.03%	Beat	4	3 0 30d	+0.0%
Mar 31, 2021Mar 21 Reported Apr 27, 2021Reported Apr 27	$0.33	$0.28	$0.24 - $0.32	+17.86%	Beat	4	No revisions (30d)	+10.0%
Dec 31, 2020Dec 20 Reported Feb 9, 2021Reported Feb 9	$0.28	$0.38	$0.31 - $0.44	-26.32%	Miss	4	No revisions (30d)	-3.4%
Sep 30, 2020Sep 20 Reported Oct 27, 2020Reported Oct 27	$0.28	$0.36	$0.25 - $0.38	-22.22%	Miss	4	No revisions (30d)	+0.0%
Jun 30, 2020Jun 20 Reported Jul 28, 2020Reported Jul 28	$0.34	$0.31	$0.26 - $0.32	+9.68%	Beat	4	No revisions (30d)	+6.3%
Mar 31, 2020Mar 20 Reported Apr 28, 2020Reported Apr 28	$0.30	$0.35	$0.27 - $0.47	-14.29%	Miss	5	1 0 30d	+328.6%
Dec 31, 2019Dec 19 Reported Feb 4, 2020Reported Feb 4	$0.29	$0.35	$0.27 - $0.41	-17.14%	Miss	3	1 0 30d	-14.7%
Sep 30, 2019Sep 19 Reported Oct 22, 2019Reported Oct 22	$0.28	$0.31	$0.26 - $0.33	-9.68%	Miss	3	No revisions (30d)	-9.7%
Jun 30, 2019Jun 19 Reported Jul 23, 2019Reported Jul 23	$0.32	$0.26	$0.20 - $0.34	+23.08%	Beat	3	No revisions (30d)	+0.0%
Mar 31, 2019Mar 19 Reported Apr 23, 2019Reported Apr 23	$0.07	N/A	-	-73.08%	Miss	2	No revisions (30d)	-77.4%
Dec 31, 2018Dec 18 Reported Feb 5, 2019Reported Feb 5	$0.34	$0.31	$0.30 - $0.32	+9.68%	Beat	3	No revisions (30d)	+25.9%
Sep 30, 2018Sep 18 Reported Oct 23, 2018Reported Oct 23	$0.31	$0.30	$0.30 - $0.34	+3.33%	Beat	2	No revisions (30d)	-43.6%
Jun 30, 2018Jun 18 Reported Jul 24, 2018Reported Jul 24	$0.32	$0.32	$0.32 - $0.33	+0.00%	Beat	2	No revisions (30d)	-8.6%
Mar 31, 2018Mar 18 Reported Apr 24, 2018Reported Apr 24	$0.31	$0.25	$0.25 - $0.29	+24.00%	Beat	2	No revisions (30d)	+24.0%
Dec 31, 2017Dec 17 Reported Feb 6, 2018Reported Feb 6	$0.27	$0.34	$0.33 - $0.35	-20.59%	Miss	2	No revisions (30d)	+8.0%
Sep 30, 2017Sep 17 Reported Oct 24, 2017Reported Oct 24	$0.55	$0.32	$0.31 - $0.33	+71.88%	Beat	2	1 0 30d	-
Jun 30, 2017Jun 17 Reported Jul 25, 2017Reported Jul 25	$0.35	$0.31	$0.30 - $0.31	+12.90%	Beat	2	1 0 30d	-
Mar 31, 2017Mar 17 Reported Apr 25, 2017Reported Apr 25	$0.25	$0.25	-	+0.00%	Beat	-	-	-
Dec 31, 2016Dec 16 Reported Feb 7, 2017Reported Feb 7	$0.25	$0.30	-	-16.67%	Miss	-	-	-

Dividends

Dividend Metrics

Forward Yield6.56%

Forward Annual Dividend$2.00

Payout Ratio57.38%

FrequencyQuarterly

Pay MonthsMar, Jun, Sep, Dec

Growth

3Y CAGR+0.00%

5Y CAGR+0.82%

HIW dividend history and ex-dividend dates Run HIW in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	24.41	EV/EBITDA	10.34x
Price/FCF	-13.26x	FCF Yield	-7.54%
Profitability
Profit Margin	20.10%	Operating Margin	26.30%
ROE	6.82%	ROIC	4.50%
Financial Health
Debt/Equity	1.47x	Interest Coverage	2.08x
Current Ratio	0.89x	Quick Ratio	0.89x
Trading Statistics
Beta	1.08	Avg Volume	1.17M
52-Week High	$34.88	52-Week Low	$19.73

Technical Indicators Dashboard

Moving Averages

SMA 10$29.43

SMA 20$29.34

SMA 50$30.25

SMA 200$26.92

EMA 10$29.61

EMA 20$29.61

EMA 50$29.94

EMA 200$28.44

MACD

Line: -0.12Signal: -0.31Hist: 0.19

ADX

ADX: 19.8+DI: 23.0-DI: 20.5

Aroon & PSAR

Aroon Up8.0

Aroon Down72.0

PSAR$28.39

Bollinger Bands

Upper Band$30.39

Lower Band$28.29

%B Position717%(Upper)

Band Width1.06

RSI (14-Day)

Neutral

56.9

Momentum Oscillators

Stoch %K77.2

Stoch %D58.1

Williams %R-10.3

ROC (10d)5.1%

Momentum1.47

CCI (20d)221.9

MFI (14d)56.3

Volatility Measures

ATR (14d)$0.84(2.7%)

StdDev (20d)0.53

Hist Vol32.2%(Moderate)

Volume Flow

VWAP$30.52

OBV25.6M

AD Line-997.1M

CMF (20d)-0.042

Volume Metrics

Avg Vol (20d)1.2M

Vol Ratio1.1x

VWMA (20d)$29.30

Pivot Points

R3$32.70

R2$31.65

R1$31.06

Pivot Point$30.01

S1$29.42

S2$28.37

S3$27.78

Advanced Oscillators

TSI-4.52

Ultimate Osc56.9

KST-32.70

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$216.38M	$214.03M	$203.36M	$201.77M	$200.60M	$200.38M	$205.53M	$204.32M	$204.74M	$211.28M	$206.86M	$207.09M
Cost of Revenue	$0	$0	$66.76M	$0	$0	$0	$71.47M	$0	$0	$0	$69.55M	$0
Gross Profit	$216.38M	$214.03M	$203.36M	$201.77M	$200.60M	$200.38M	$205.53M	$204.32M	$204.74M	$211.28M	$206.86M	$207.09M

Operating Expenses	$80.08M	$145.13M	$238.16M	$151.94M	$148.65M	$66.68M	$221.32M	$154.37M	$112.64M	$149.40M	$180.55M	$150.83M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$80.05M	$84.55M	$75.30M	$74.92M	$73.97M	$77.49M	$81.62M	$75.60M	$73.92M	$82.93M	$81.74M	$76.07M
Operating Income	$136.30M	$68.91M	$-34,802,000	$49.83M	$51.95M	$133.70M	$-15,791,000	$49.95M	$92.10M	$61.88M	$26.31M	$56.26M

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$654,000	$403,000	$0
Interest Expense	$41.69M	$41.70M	$39.65M	$38.48M	$37.66M	$36.64M	$37.27M	$37.47M	$35.90M	$36.55M	$35.30M	$34.25M
Income Before Tax	$97.17M	$30.38M	$31.95M	$13.11M	$18.91M	$98.69M	$-962,000	$14.35M	$63.65M	$27.21M	$40.08M	$22.77M
Income Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Net Income	$96.76M	$33.37M	$29.72M	$13.71M	$19.22M	$100.00M	$-3,198,000	$15.47M	$64.77M	$27.21M	$39.34M	$23.17M

EBITDA	$220.32M	$151.98M	$151.20M	$127.57M	$133.27M	$208.59M	$107.25M	$132.63M	$174.89M	$138.48M	$155.54M	$133.09M
EBIT	$138.87M	$72.08M	$73.93M	$51.58M	$56.58M	$135.33M	$32.80M	$51.83M	$99.55M	$63.11M	$74.98M	$57.02M

* Some calculated fields are derived from available data when not provided by source

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News

Press Release: Highwoods Declares Quarterly Dividends

Highwoods Properties, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.50 per common share. The Board also declared a regular quarterly cash dividend of $1.503125 per share...

Moomoo•Oct 22, 2026 5:11 PM ET10/22/26•Bullish

Highwoods Declares Quarterly Dividends

Highwoods Properties, Inc. announced a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2026, payable on December 8...

StreetInsider•Oct 22, 2026 4:11 PM ET10/22/26•Bullish

Huntington sets USD 31.00 target for Highwoods Properties stock

Huntington has initiated coverage of Highwoods Properties (HIW) with a "Market Perform" rating and a target price of USD 31.00. This target is 6.46% above the home-market price as of October 20...

AD HOC NEWS•Oct 20, 2026 5:57 PM ET10/20/26•Somewhat-Bullish

Highwoods Properties (HIW) Projected to Release Earnings on Tuesday

Highwoods Properties (HIW) is slated to release its Q3 2026 earnings on October 27, with analysts forecasting earnings of $0.2131 per share and revenue of $215.61 million. The REIT's previous quarter saw EPS of $0.85...

MarketBeat•Oct 20, 2026 4:42 AM ET10/20/26•Neutral

Highwoods Properties, Inc. (HIW) Stock Forecasts

Argus has raised its target price for Highwoods Properties Inc. (HIW) to $29.00. The company is a real estate investment trust focused on acquiring, owning, managing...

Yahoo! Finance Canada•Oct 18, 2026 1:41 AM ET10/18/26•Neutral

HIW Valuation and Fair Value

P/E: 24.4x
Forward P/E: 65.8x
EV/EBITDA: 10.3x
P/FCF: -13.3x
PEG: 7.8x
P/B: 1.4x

See GNG's fair value

HIW Profitability: Margins, ROIC and FCF

Gross margin: 100.0%
Operating margin: 26.3%
Net margin: 20.1%
ROIC: 4.5%
ROE: 6.8%
FCF margin: -30.4%
FCF yield: -7.5%

HIW Competitors

Company	Ticker
Curbline Properties Corp.	CURB
Park Hotels & Resorts Inc	PK
LXP Industrial Trust	LXP
Corporación Inmobiliaria Vesta, S.A.B de C.V.	VTMX
Independence Realty Trust Inc	IRT
Veris Residential Inc	VRE
Broadstone Net Lease Inc	BNL
National Health Investors Inc	NHI

Sector: Real Estate

HIW Analyst Ratings

Consensus: Hold
Analysts: 10
Strong Buy: 0
Buy: 1
Hold: 9
Sell: 0
Strong Sell: 0

HIW Bull Case vs Bear Case

Bull case

HIW has a 20.1% net profit margin.

HIW Earnings: Beat Rate and Next Report

Beat rate: 4 of 8 quarters (50.0%)
Average surprise: -4.9%
EPS estimate (fiscal period ending Sep 30, 2026): $0.13
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 0 up, 0 down

HIW Dividend

Forward yield: 6.6%
Payout ratio: 57.4%
3Y DPS growth: 0.0%
5Y DPS growth: 0.8%
Pay months: Mar, Jun, Sep, Dec

HIW dividend history

Frequently Asked Questions About HIW

What is HIW's current dividend yield?

Highwoods Properties Inc (HIW) has a forward dividend yield of 6.56%.

Does HIW pay dividends?

Yes, Highwoods Properties Inc pays dividends with a forward dividend yield of 6.56%.

What is HIW's P/E ratio?

Highwoods Properties Inc has a price-to-earnings (P/E) ratio of 24.41.

What is HIW's market cap?

Highwoods Properties Inc (HIW) has a market capitalization of $3.43B with a current stock price of $30.51.

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