HIW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$29.65

Market Cap

$2.84B

P/E (TTM)

17.8

EPS (TTM)

$1.45

Revenue (TTM)

$806M

Div Yield

7.6%

ROE

6.9%

Debt/Equity

—

52W Range

$20 – $33

HIW Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $806M

2017-12-31 → 2025-12-31

EPS $1.45

2016-12-31 → 2025-12-31

Free Cash Flow —

Margins 20.2%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

HIW

Peer Median

P/E (TTM)

17.8

38.1

P/S (TTM)

3.5

2.6

P/B

1.2

0.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

HIW

Peer Median

Operating Margin

67.6%

—

Net Profit Margin

20.2%

2.8%

ROA

2.6%

0.28%

ROE

6.9%

0.90%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

HIW

Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

HIW

Peer Median

Revenue YoY

-2.4%

—

Revenue CAGR 3Y

-0.93%

—

Revenue CAGR 5Y

1.8%

—

EPS YoY

54.3%

—

Net Income YoY

56.0%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

HIW

Peer Median

EPS (Diluted)

$1.45

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

HIW

Peer Median

Payout Ratio

133.2%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

7.6%

Payout Ratio

133.2%

5Y Div CAGR

—

Ex-date	Amount
May 18, 2026	$0.5000
Feb. 17, 2026	$0.5000
Nov. 17, 2025	$0.5000
Aug. 18, 2025	$0.5000
May 19, 2025	$0.5000
Feb. 18, 2025	$0.5000
Nov. 18, 2024	$0.5000
Aug. 19, 2024	$0.5000
May 17, 2024	$0.5000
Feb. 16, 2024	$0.5000
Nov. 17, 2023	$0.5000
Aug. 18, 2023	$0.5000
May 19, 2023	$0.5000
Feb. 17, 2023	$0.5000
Nov. 18, 2022	$0.5000
Aug. 19, 2022	$0.5000
May 20, 2022	$0.5000
Feb. 18, 2022	$0.5000
Nov. 12, 2021	$0.5000
Aug. 13, 2021	$0.5000

HIW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 14 analysts

Strong Buy 2 14.3%
Buy 3 21.4%
Hold 9 64.3%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

9 analysts · 2026-06-22

Median $25.00

Mean $25.78

Now $29.65

Low $23.00

High $31.00

Median target $25.00 -15.7%

Mean target $25.78 -13.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.18%

Next Report

Jul 28, 2026

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.29	$0.11	0.18%
Dec. 31, 2025	$0.30	$0.20	0.10%
Sept. 30, 2025	$0.12	$0.17	-0.05%
June 30, 2025	$0.17	$0.18	-0.01%
March 31, 2025	$0.91	$0.22	0.69%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
HIW	$2.84B	17.8	-2.4%	20.2%	6.9%	—
CDP	$3.15B	20.7	1.4%	20.9%	10.6%	—
VNO	$6.35B	7.9	1.3%	50.0%	16.2%	—
CUZ	$4.33B	107.4	16.0%	4.1%	0.85%	—
KRC	$4.42B	16.1	-2.0%	27.2%	5.6%	—
SLG	$3.26B	-28.5	13.2%	-9.7%	-2.5%	—
DEI	$1.84B	122.1	1.8%	1.6%	0.82%	63.3%
DEA	$981M	78.5	11.3%	3.9%	0.98%	—
PDM	$1.04B	-12.4	-0.93%	-14.8%	-5.4%	—
ESRT	—	26.1	0.05%	9.5%	7.0%	—
JBGS	—	-8.1	-8.9%	-27.9%	-11.2%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13

Annual Income Statement data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue	$806M	$826M	$834M	$829M	$768M	$737M	$736M	$720M	$703M
SG&A Expense	$40M	$42M	$43M	$42M	$41M	$41M	$44M	$40M	$40M
Operating Expenses	$605M	$638M	$611M	$626M	$536M	$516M	$553M	$513M	$506M
Operating Income	$545M	$554M	$565M	$569M	$532M	$505M	$487M	$478M	$466M
Interest Expense	$152M	$147M	$137M	$105M	$86M	$81M	$82M	$71M	$69M
Other Non-op	$10M	$12M	$4M	$2M	$1M	$-2M	$-3M	$2M	$2M
Pretax Income	·	·	·	·	·	·	·	$138M	$130M
Net Income	$163M	$104M	$151M	$164M	$323M	$358M	$142M	$178M	$192M
EPS (Basic)	$1.45	$0.94	$1.39	$1.49	$2.98	$3.32	$1.30	$1.64	$1.78
EPS (Diluted)	$1.45	$0.94	$1.39	$1.49	$2.98	$3.32	$1.30	$1.64	$1.78
Shares (Basic)	108,454,000	106,167,000	105,529,000	105,120,000	104,232,000	103,876,000	103,692,000	103,439,000	102,682,000
Shares (Diluted)	110,570,000	108,319,000	107,785,000	107,567,000	107,061,000	106,714,000	106,445,000	106,268,000	105,594,000
EBITDA	$545M	$554M	$565M	$569M	$532M	$505M	$487M	$478M	$466M

Balance Sheet 11

Annual Balance Sheet data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Cash & Equivalents	$27M	$22M	$25M	$21M	$23M	$109M	$10M	$4M	$3M
Intangibles	$244M	$210M	$226M	$253M	$259M	$209M	$231M	$195M	$201M
Total Assets	$6.27B	$6.03B	$6.00B	$6.06B	$5.70B	$5.21B	$5.14B	$4.68B	$4.62B
Total Liabilities	$3.84B	$3.60B	$3.52B	$3.50B	$3.08B	$2.74B	$2.83B	$2.30B	$2.24B
Common Stock	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M
Paid-in Capital	$3.22B	$3.14B	$3.10B	$3.08B	$3.03B	$2.99B	$2.95B	$2.98B	$2.93B
Retained Earnings	$-870M	$-811M	$-698M	$-633M	$-580M	$-686M	$-832M	$-769M	$-747M
AOCI	$-2M	$-2M	$-2M	$-1M	$-973.0K	$-1M	$-471.0K	$10M	$8M
Stockholders' Equity	$2.38B	$2.36B	$2.43B	$2.48B	$2.48B	$2.34B	$2.15B	$2.25B	$2.22B
Liabilities + Equity	$6.27B	$6.03B	$6.00B	$6.06B	$5.70B	$5.21B	$5.14B	$4.68B	$4.62B
Shares Outstanding	109,905,241	107,623,777	105,710,315	105,210,858	104,892,780	103,921,546	103,756,046	103,557,065	103,266,875

Cash Flow 11

Annual Cash Flow data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
D&A	$295M	$299M	$299M	$288M	$259M	$242M	$255M	$230M	$228M
Stock-based Comp	$8M	$8M	$7M	$8M	$9M	$6M	$7M	$7M	$7M
Operating Cash Flow	$359M	$404M	$387M	$422M	$415M	$358M	$366M	$359M	$353M
Investing Cash Flow	$-441M	$-302M	$-170M	$-615M	$-288M	$111M	$-607M	$-307M	$-200M
Debt Issued	$380M	$0	$590M	$550M	$200M	$398M	$748M	$346M	$656M
Net Debt Issued	$341M	$-7M	$384M	$94M	$-154M	$146M	$421M	$134M	$-177M
Stock Issued	$63M	$54M	$2M	$8M	$24M	$4M	$2M	$4M	$76M
Net Stock Activity	$63M	$54M	$2M	$8M	$24M	$4M	$2M	$4M	$76M
Dividends Paid	$217M	$212M	$211M	$210M	$204M	$199M	$197M	$191M	$181M
Financing Cash Flow	$91M	$-99M	$-205M	$188M	$-285M	$-294M	$246M	$-130M	$-143M
Net Change in Cash	$9M	$2M	$12M	$-5M	$-158M	$175M	$5M	$-78M	$10M

Profitability 5

Annual Profitability data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Operating Margin	67.6%	67.0%	67.8%	68.7%	69.2%	68.5%	66.2%	·	·
Net Margin	20.2%	12.6%	18.1%	19.8%	42.1%	48.6%	19.2%	·	·
EBITDA Margin	67.6%	67.0%	67.8%	68.7%	69.2%	68.5%	66.2%	·	·
ROA	2.6%	1.7%	2.5%	2.8%	5.9%	6.9%	2.9%	3.8%	4.2%
ROE	6.9%	4.3%	6.2%	6.6%	13.4%	16.0%	6.4%	8.0%	8.8%

Liquidity & Solvency 1

Annual Liquidity & Solvency data for HIW
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017
Interest Coverage		3.6	3.8	4.1	5.4	6.2	6.2	6.0	6.7	6.7

Efficiency 1

Annual Efficiency data for HIW
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017
Asset Turnover		0.1	0.1	0.1	0.1	0.1	0.1	0.1	·	·

Per Share 5

Annual Per Share data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Book Value / Share	$21.65	$21.94	$23.02	$23.54	$23.62	$22.48	$20.74	$21.70	$21.50
Revenue / Share	$7.29	$7.62	$7.74	$7.71	$7.17	$6.91	$6.91	·	·
Cash Flow / Share	$3.25	$3.73	$3.59	$3.92	$3.87	$3.36	$3.44	$3.37	$3.34
Cash / Share	$0.25	$0.21	$0.24	$0.20	$0.22	$1.05	$0.09	$0.04	$0.03
EPS (TTM)	$1.45	$0.94	$1.39	$1.49	$2.98	$3.32	$1.30	$1.64	$1.78

Growth Rates 10

Annual Growth Rates data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue YoY	-2.4%	-0.98%	0.61%	7.9%	4.2%	·	·	·	·
Revenue CAGR 3Y	-0.93%	2.5%	4.2%	·	·	·	·	·	·
Revenue CAGR 5Y	1.8%	·	·	·	·	·	·	·	·
EPS YoY	54.3%	-32.4%	-6.7%	-50.0%	-10.2%	·	·	·	·
EPS CAGR 3Y	-0.90%	-31.9%	-25.2%	·	·	·	·	·	·
EPS CAGR 5Y	-15.3%	·	·	·	·	·	·	·	·
Net Income YoY	56.0%	-31.1%	-7.7%	-49.3%	-9.7%	·	·	·	·
Net Income CAGR 3Y	-0.27%	-31.4%	-24.9%	·	·	·	·	·	·
Net Income CAGR 5Y	-14.6%	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	1.7%	·	·	·	·	·	·	·	·

Valuation (TTM) 12

Annual Valuation (TTM) data for HIW
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017
Revenue TTM	$806M	$826M	$834M	$829M	$768M	$737M	$736M	$720M	$703M
Net Income TTM	$163M	$104M	$151M	$164M	$323M	$358M	$142M	$178M	$192M
Market Cap	$2.84B	$3.29B	$2.43B	$2.94B	$4.68B	$4.12B	$5.07B	$4.01B	$5.26B
P/E	17.8	32.5	16.5	18.8	15.0	11.9	37.6	23.6	28.6
P/S	3.5	4.0	2.9	3.6	6.1	5.6	6.9	5.6	7.5
P/B	1.2	1.4	1.0	1.2	1.9	1.8	2.4	1.8	2.4
P / Tangible Book	1.3	1.5	1.1	1.3	2.1	1.9	·	·	·
P / Cash Flow	7.9	8.2	6.3	7.0	11.3	11.5	13.9	11.2	14.9
Dividend Yield	7.6%	6.5%	8.7%	7.1%	4.4%	4.8%	3.9%	4.8%	3.4%
Earnings Yield	5.6%	3.1%	6.0%	5.3%	6.7%	8.4%	2.7%	4.2%	3.5%
Payout Ratio	133.2%	203.7%	139.5%	128.2%	63.1%	55.7%	139.0%	107.7%	94.3%
Annual Payout	$217M	$212M	$211M	$210M	$204M	$199M	$197M	$191M	$181M

Income Statement 12

Quarterly Income Statement data for HIW
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$214M	$203M	$202M	$201M	$200M	$206M	$204M	$205M	$211M	$207M	$207M	$207M	$213M	$212M	$207M	$204M
SG&A Expense	$13M	$9M	$9M	$10M	$12M	$10M	$10M	$9M	$12M	$12M	$9M	$9M	$12M	$10M	$10M	$10M
Operating Expenses	$162M	$150M	$158M	$149M	$149M	$179M	$155M	$148M	$157M	$161M	$151M	$151M	$149M	$154M	$150M	$177M
Operating Income	$143M	$137M	$136M	$137M	$135M	$134M	$139M	$140M	$141M	$137M	$140M	$141M	$147M	$142M	$141M	$141M
Interest Expense	$42M	$40M	$38M	$38M	$37M	$37M	$37M	$36M	$37M	$35M	$34M	$34M	$33M	$30M	$26M	$25M
Other Non-op	$3M	$2M	$2M	$5M	$2M	$2M	$2M	$7M	$1M	$1M	$754.0K	$1M	$1M	$909.0K	$138.0K	$120.0K
Net Income	$33M	$30M	$14M	$19M	$100M	$-3M	$15M	$65M	$27M	$39M	$23M	$44M	$45M	$29M	$40M	$53M
EPS (Basic)	$0.29	$0.25	$0.12	$0.17	$0.91	$-0.04	$0.14	$0.59	$0.25	$0.36	$0.21	$0.40	$0.42	$0.27	$0.36	$0.48
EPS (Diluted)	$0.29	$0.25	$0.12	$0.17	$0.91	$-0.04	$0.14	$0.59	$0.25	$0.36	$0.21	$0.40	$0.42	$0.27	$0.36	$0.48
Shares (Basic)	110,039,000	-215,457,000	108,403,000	107,825,000	107,683,000	-211,643,000	106,010,000	105,996,000	105,804,000	-210,887,000	105,671,000	105,457,000	105,288,000	-210,160,000	105,184,000	105,163,000
Shares (Diluted)	112,062,000	-219,762,000	110,522,000	109,976,000	109,834,000	-215,947,000	108,161,000	108,147,000	107,958,000	-215,501,000	107,832,000	107,808,000	107,646,000	-215,141,000	107,601,000	107,654,000
EBITDA	$143M	·	$136M	$137M	$135M	·	$139M	$140M	$141M	·	$140M	$141M	$147M	·	$141M	$141M

Balance Sheet 11

Quarterly Balance Sheet data for HIW
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$32M	$27M	$26M	$21M	$20M	$22M	$24M	$27M	$16M	$25M	$17M	$17M	$16M	$21M	$23M	$25M
Intangibles	$289M	$244M	$225M	$222M	$224M	$210M	$213M	$218M	$223M	·	$233M	$239M	$246M	·	$256M	$244M
Total Assets	$6.60B	$6.27B	$6.14B	$6.06B	$6.08B	$6.03B	$6.03B	$5.97B	$6.01B	·	$6.02B	$6.03B	$6.07B	·	$5.87B	$5.68B
Total Liabilities	$3.98B	$3.84B	$3.69B	$3.62B	$3.60B	$3.60B	$3.59B	$3.50B	$3.55B	·	$3.52B	$3.50B	$3.53B	·	$3.28B	$3.08B
Common Stock	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	·	$1M	$1M	$1M	·	$1M	$1M
Paid-in Capital	$3.24B	$3.22B	$3.20B	$3.15B	$3.15B	$3.14B	$3.09B	$3.10B	$3.10B	·	$3.11B	$3.10B	$3.10B	·	$3.08B	$3.07B
Retained Earnings	$-894M	$-870M	$-844M	$-803M	$-767M	$-811M	$-753M	$-715M	$-725M	·	$-683M	$-652M	$-642M	·	$-608M	$-594M
AOCI	$-3M	$-2M	$-2M	$-2M	$-2M	$-2M	$-2M	$-2M	$-2M	·	$-1M	$-1M	$-1M	·	$-1M	$-1M
Stockholders' Equity	$2.37B	$2.38B	$2.38B	$2.37B	$2.41B	$2.36B	$2.36B	$2.41B	$2.40B	·	$2.45B	$2.47B	$2.48B	·	$2.50B	$2.50B
Liabilities + Equity	$6.60B	$6.27B	$6.14B	$6.06B	$6.08B	$6.03B	$6.03B	$5.97B	$6.01B	·	$6.02B	$6.03B	$6.07B	·	$5.87B	$5.68B
Shares Outstanding	110,272,697	109,905,241	109,553,557	107,886,915	107,810,629	107,623,777	106,020,426	106,010,262	105,995,624	105,710,315	105,693,261	105,473,213	105,457,508	105,210,858	105,197,658	105,184,854

Cash Flow 11

Quarterly Cash Flow data for HIW
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$78M	$75M	$74M	$75M	$71M	$73M	$79M	$74M	$74M	$79M	$75M	$75M	$71M	$75M	$73M	$70M
Stock-based Comp	$6M	$742.0K	$1M	$1M	$5M	$1M	$1M	$1M	$5M	$859.0K	$800.0K	$800.0K	$5M	$761.0K	$700.0K	$800.0K
Operating Cash Flow	$63M	$100M	$97M	$117M	$46M	$104M	$97M	$130M	$72M	$103M	$103M	$115M	$66M	$102M	$118M	$128M
Investing Cash Flow	$-340M	$-201M	$-157M	$-55M	$-27M	$-97M	$-149M	$6M	$-62M	$-39M	$-63M	$6M	$-75M	$-273M	$-272M	$-10M
Debt Issued	·	$348M	·	·	·	$0	$0	$0	$0	$390M	$0	$0	$200M	$200M	$150M	$200M
Net Debt Issued	$-2M	·	·	·	$-2M	·	·	·	$-2M	·	·	·	$198M	·	·	·
Stock Issued	$288.0K	$11M	$50M	$2M	$411.0K	$52M	$350.0K	$381.0K	$363.0K	$392.0K	$361.0K	$435.0K	$553.0K	$370.0K	$361.0K	$338.0K
Net Stock Activity	$288.0K	·	·	·	$411.0K	·	·	·	$363.0K	·	·	·	$553.0K	·	·	·
Dividends Paid	$55M	$55M	$54M	$54M	$54M	$53M	$53M	$53M	$53M	$53M	$53M	$53M	$53M	$53M	$53M	$53M
Financing Cash Flow	$287M	$103M	$62M	$-61M	$-13M	$-7M	$49M	$-126M	$-15M	$-53M	$-42M	$-121M	$11M	$168M	$111M	$-78M
Net Change in Cash	$10M	$1M	$2M	$494.0K	$6M	$-256.0K	$-3M	$10M	$-4M	$11M	$-2M	$727.0K	$2M	$-3M	$-43M	$39M

Profitability 5

Quarterly Profitability data for HIW
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	66.8%	·	67.3%	68.3%	67.5%	·	67.8%	68.5%	66.7%	·	67.5%	68.0%	69.1%	·	68.0%	69.4%
Net Margin	15.6%	·	6.8%	9.6%	49.9%	·	7.6%	31.6%	12.9%	·	11.2%	21.2%	21.1%	·	19.4%	25.8%
EBITDA Margin	66.8%	·	67.3%	68.3%	67.5%	·	67.8%	68.5%	66.7%	·	67.5%	68.0%	69.1%	·	68.0%	69.4%
ROA	0.53%	·	0.23%	0.32%	1.7%	·	0.26%	1.1%	0.45%	·	0.39%	0.75%	0.76%	·	0.69%	0.96%
ROE	1.4%	·	0.58%	0.80%	4.2%	·	0.64%	2.6%	1.1%	·	0.93%	1.8%	1.8%	·	1.6%	2.2%

Liquidity & Solvency 1

Quarterly Liquidity & Solvency data for HIW
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Interest Coverage		3.4	·	3.5	3.6	3.7	·	3.7	3.9	3.9	·	4.1	4.1	4.4	·	5.3	5.7

Efficiency 1

Quarterly Efficiency data for HIW
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0

Per Share 5

Quarterly Per Share data for HIW
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$21.48	·	$21.74	$21.99	$22.36	·	$22.27	$22.77	$22.67	·	$23.21	$23.43	$23.54	·	$23.80	$23.77
Revenue / Share	$1.91	·	$1.83	$1.82	$1.82	·	$1.89	$1.89	$1.96	·	$1.92	$1.92	$1.98	·	$1.92	$1.89
Cash Flow / Share	$0.56	·	·	·	$0.42	·	·	·	$0.67	·	·	·	$0.61	·	·	·
Cash / Share	$0.29	·	$0.24	$0.20	$0.19	·	$0.22	$0.25	$0.15	·	$0.16	$0.16	$0.15	·	$0.22	$0.24
EPS (TTM)	$1.49	·	$1.34	$1.81	$1.89	·	$1.19	$1.45	$1.28	·	$1.39	$1.66	$1.64	·	$1.91	$2.12

Valuation (TTM) 10

Quarterly Valuation (TTM) data for HIW
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$817M	·	$807M	$810M	$821M	·	$827M	$830M	$838M	·	$834M	$831M	$830M	·	$813M	$791M
Net Income TTM	$166M	·	$148M	$199M	$207M	·	$131M	$159M	$139M	·	$152M	$182M	$180M	·	$210M	$232M
Market Cap	$2.36B	·	$3.49B	$3.35B	$3.20B	·	$3.55B	$2.78B	$2.77B	·	$2.18B	$2.52B	$2.45B	·	$2.84B	$3.60B
P/E	14.4	·	23.7	17.2	15.7	·	28.2	18.1	20.5	·	14.8	14.4	14.1	·	14.1	16.1
P/S	2.9	·	4.3	4.1	3.9	·	4.3	3.4	3.3	·	2.6	3.0	2.9	·	3.5	4.5
P/B	1.0	·	1.5	1.4	1.3	·	1.5	1.2	1.2	·	0.9	1.0	1.0	·	1.1	1.4
P / Tangible Book	1.1	·	1.6	1.6	1.5	·	1.7	1.3	1.3	·	1.0	1.1	1.1	·	1.3	1.6
P / Cash Flow	37.6	·	·	·	69.0	·	·	·	38.3	·	·	·	37.2	·	·	·
Earnings Yield	7.0%	·	4.2%	5.8%	6.4%	·	3.5%	5.5%	4.9%	·	6.7%	6.9%	7.1%	·	7.1%	6.2%
Payout Ratio	164.7%	·	·	·	53.8%	·	·	·	194.3%	·	·	·	117.1%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$806M	$826M	$834M	$829M	$768M
Operating Margin %	67.6%	67.0%	67.8%	68.7%	69.2%
Net Income	$163M	$104M	$151M	$164M	$323M
Diluted EPS	$1.45	$0.94	$1.39	$1.49	$2.98

Latest News Recent headlines mentioning this company

Highwoods (HIW) Q1 2026 Earnings Transcript Yahoo Finance · 1 month, 3 weeks ago
Highwoods Properties Inc. Announces Fall In Q1 Bottom Line Nasdaq · 1 month, 4 weeks ago

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