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Home CompaniesHighwoods Properties Inc

Highwoods Properties Inc

Real Estate REIT - Office
PortfolioPortfolio WatchlistWatchlist
Company price
31.83 USD 0.36 ( 1.14%)
Last update at 2026-11-09T17:47:00Z
VOLUME
614783
Market Cap
2497.98M
P/E
17.92

Momentum Score

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Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) 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. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
31.57
Low
32.00
High
52 Week Price Range
16.60
Low
29.11
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Highwoods Properties is an equity REIT owning, developing and managing office properties concentrated in the southeastern United States and Texas. Long-term growth drivers are leasing and rent recovery in Sun Belt markets, portfolio optimization and selective redevelopment that could support cash flow and distributions. This may appeal to investors seeking income-oriented exposure to office assets in growing markets.
Key risks include secular declines in office demand from remote work, vacancy or rent pressure in core markets, tenant concentration and sensitivity to interest rates that can affect REIT financing and valuations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
31.47
Dividend Yield
8.66%
Revenue TTM
841.20M
Revenue Per Share
7.98
Gross Profit TTM
570.66M
Debt / Equity
1.29
ROE
5.54%
Net Debt
3175.86M
ROCE
4.21%
Diluted EPS TTM
1.29

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 163.96M 323.31M 357.91M 141.68M 177.63M
Minority interest 4.90M 10.03M 10.51M 4.76M 5.79M
Net income 58.57M 222.18M 261.61M 54.00M 171.84M
Selling general administrative 42.27M 40.55M 41.03M 44.07M 40.01M
Gross profit 569.12M 531.57M 505.07M 487.47M 477.62M
Reconciled depreciation 287.57M 257.35M 239.05M 254.00M 228.01M
Ebit 242.35M 237.01M 227.29M 190.17M 213.78M
Ebitda 529.92M 494.36M 466.34M 444.17M 441.79M
Depreciation and amortization 287.57M 257.35M 239.05M 254.00M 228.01M
Non operating income net other 66.61M 177.40M 218.19M 40.28M 41.82M
Operating income 242.35M 237.01M 227.29M 190.17M 207.66M
Other operating expenses 589.68M 536.24M 514.44M 547.08M 512.38M
Interest expense 105.39M 85.85M 80.96M 81.65M 71.42M
Interest income 103.85M 83.91M 76.96M 78.37M 1.94M
Net interest income -105.39M -85.85M -80.96M -81.65M -69.48M
Extraordinary items - - - - 0.00M
Non recurring 36.52M - 1.78M 5.85M 0.42M
Income tax expense 105.39M 101.13M 96.31M 87.68M 41.39M
Total revenue 828.93M 768.01M 736.90M 735.98M 720.03M
Total operating expenses 329.88M 299.81M 282.62M 298.57M 269.96M
Cost of revenue 259.81M 236.44M 231.82M 248.51M 242.41M
Total other income expense net -78.40M 86.30M 130.62M -48.48M 39.45M
Net income from continuing ops 163.96M 323.31M 357.91M 141.68M 177.63M
Net income applicable to common shares 156.57M 310.79M 344.91M 134.43M 169.34M
Preferred stock and other adjustments 2.49M 2.49M 2.49M 2.49M 2.49M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6063.38M 5695.14M 5209.42M 5138.24M 4675.01M
Intangible assets 252.83M 258.90M 209.33M 231.35M 195.27M
Other current assets 68.09M 78.55M 62.88M 59.00M 28.84M
Total liab 3498.40M 3083.89M 2738.75M 2830.62M 2304.75M
Total stockholder equity 2476.76M 2477.14M 2336.12M 2152.40M 2246.72M
Deferred long term liab 252.83M 258.90M 209.33M 231.35M 195.27M
Other current liab 301.18M -2612.52M 4.96M 5.93M 5.41M
Common stock 1.05M 1.05M 1.04M 1.04M 1.04M
Capital stock 29.87M 29.87M 29.86M 29.90M 29.91M
Retained earnings -633.23M -579.62M -686.23M -831.81M -769.30M
Other liab 23.12M 26.30M 23.52M 28.37M 27.50M
Other assets 257.58M 5393.11M 405.03M 332.01M 329.12M
Cash 21.36M 23.15M 109.32M 9.51M 3.77M
Cash and equivalents 21.36M 23.15M 109.32M 9.51M 3.77M
Total current liabilities 301.18M 294.98M 268.73M 286.91M 218.92M
Net debt 3175.86M 2765.76M 2360.70M 2534.20M 2082.06M
Short term debt 6030.19M 2907.49M 2639.16M 0.00M 3.58M
Short long term debt - - - - 3.58M
Short long term debt total 3197.22M 2788.91M 2470.02M 2543.71M 2085.83M
Other stockholder equity 3081.33M 3027.86M 2993.95M 2954.78M 2976.20M
Property plant equipment 5126.93M 5032.03M 4421.28M 4526.55M 4165.53M
Total current assets 414.40M 393.34M 540.34M 335.33M 290.62M
Long term investments 269.22M 10.90M 38.46M 47.09M 23.59M
Net tangible assets 2261.09M 2301.11M 2210.47M 2025.41M 2128.53M
Short term investments - -4.52M - - -
Net receivables 320.21M 283.55M 288.21M 261.60M 251.64M
Long term debt 3197.22M 2788.91M 2470.02M 2543.71M 2085.83M
Inventory 4.75M 8.08M 79.92M 5.24M 6.37M
Accounts payable 2.56M 294.98M 268.73M 286.91M 218.92M
Noncontrolling interest in consolidated entity 22.23M 22.42M 22.05M 22.01M 17.58M
Accumulated other comprehensive income -1.21M -0.97M -1.46M -0.47M 9.91M
Common stock total equity 1.05M 1.05M 1.04M 1.04M 1.04M
Preferred stock total equity 28.82M 28.82M 28.83M 28.86M 28.88M
Retained earnings total equity -633.23M -579.62M -686.23M -831.81M -769.30M
Non currrent assets other 5379.75M 5294.42M 4641.97M 4776.61M 4360.80M
Non current assets total 5648.97M 5301.80M 4669.08M 4802.91M 4384.38M
Long term debt total 3197.22M 2788.91M 2470.02M 2543.71M 2085.83M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -458.66M -147.92M -199.87M -202.26M -188.48M
Change to liabilities 22.22M -8.19M -5.95M 24.23M -7.10M
Total cashflows from investing activities -614.80M -287.68M 110.68M -607.41M -306.75M
Net borrowings 405.47M -93.06M -84.90M 452.31M 68.09M
Total cash from financing activities 187.93M -284.93M -294.34M 246.21M -130.07M
Change to operating activities 1.69M 1.57M -0.36M 1.61M 1.22M
Net income 163.96M 323.31M 357.91M 141.68M 177.63M
Change in cash -5.09M -158.05M 174.50M 4.60M -78.19M
Begin period cash flow 31.20M 189.24M 14.74M 10.14M 88.33M
End period cash flow 26.11M 31.20M 189.24M 14.74M 10.14M
Total cash from operating activities 421.78M 414.56M 358.16M 365.80M 358.63M
Issuance of capital stock 7.57M 23.92M 3.57M 2.09M 3.64M
Depreciation 287.57M 257.35M 239.05M 254.00M 228.01M
Other cashflows from investing activities 113.15M 243.39M 473.53M 135.19M 82.69M
Dividends paid 212.67M 206.67M 201.82M 199.42M 193.79M
Change to inventory - - - - -70.49M
Change to account receivables -40.38M -16.36M -36.14M -33.10M -21.44M
Sale purchase of stock -5.92M -1.72M -1.19M -1.81M -1.69M
Other cashflows from financing activities 1214.39M 563.33M 507.05M 1337.83M 775.48M
Change to netincome -83.14M 187.33M -239.60M -49.70M -52.30M
Capital expenditures 269.29M 383.14M 2.36M 424.22M 50.65M
Change receivables -11.04M -5.64M 0.32M -3.46M 1.31M
Cash flows other operating 38.20M -1.57M 1.41M -4.29M 8.86M
Cash and cash equivalents changes -5.09M -987.16M 174.50M 4.60M -78.19M
Change in working capital -16.47M -6.59M -42.45M -7.26M -27.33M
Stock based compensation 7.55M 8.65M 6.21M 7.18M 7.47M
Other non cash items -20.82M 5.21M 4.66M 4.41M 3.85M
Free cash flow 421.78M 414.56M 355.80M -58.42M 307.98M

Peer Comparison*

Sector: Real Estate Industry: REIT - Office

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HIW
Highwoods Properties Inc		 0.36
1.14%		 31.83 17.92 28.49 2.97 1.01 6.75 9.96
BXP
BXP, Inc.		 1.56
2.40%		 66.57 33.62 28.25 3.28 1.80 7.23 12.91
VNO-PM
Vornado Realty Trust		 -0.05
0.30%		 16.54 26.09 - 5.25 - - -
MRPRF
MERLIN Properties SOCIMI S.A		 -
-%		 13.00 8.76 22.52 15.33 0.86 18.99 10.44
ARE
Alexandria Real Estate Equities Inc		 1.58
3.53%		 46.38 - 16.69 3.21 0.57 7.84 31.46

Profile*

Highwoods Properties Inc

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) 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. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders.

3100 Smoketree Court, Raleigh, NC, United States, 27604

919-872-4924

https://www.highwoods.com

345

Name Title Year Born
Mr. Theodore J. Klinck Pres, CEO & Director 1966
Mr. Brendan C. Maiorana Exec. VP & CFO 1976
Mr. Brian M. Leary Exec. VP & COO 1975
Mr. Jeffrey D. Miller Exec. VP, Gen. Counsel & Sec. 1971
Mr. Carman J. Liuzzo Sr. VP of Investments 1961
Mr. Daniel L. Clemmens CPA VP & Chief Accounting Officer NA
Mr. Ryan Hunt VP & Chief Information Officer 1977
Mr. Thomas S. Hill III Sr. VP & Raleigh Market Leader NA
Mr. Steven J. Garrity Sr. VP & Orlando Market Leader NA
Mr. Michael D. Starchville Sr. VP of Asset Management 1961

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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