HIW

Highwoods Properties, Inc. Real Estate Real Estate Investment Trusts Russell 3000
$30.98Close $3.4BMarket cap $19.86 – $33.8552-week range

Highlights

Cautions

  • Trend not confirmed 7 of 8 conditions · RS under 70

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Apr 28, 2026
Off 12-month high 8%
1wk up 1.5% price change
1mo up 6.8% price change
12-month return up 17% market up 11% · its own up 7%
F-score — — Not assessed
Altman Z — Unknown
P/E 20.9× price / earnings
PEG 0.40 P/E / EPS growth
P/B 1.4× price / book
Earnings yield up 16.1% EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth down 2% year on year
EPS growth — latest quarter
Sales growth — latest quarter
ROE up 7% return on equity
Free cash margin up 45% $359.2M FCF
D/E — long-term debt / equity
Net debt / EBITDA -0.0× net cash
Interest cover 3.6×EBIT / interest

Trade setup

ATR% 2.7% $0.84 a day · 2×ATR $29.30
RS 67 / 99 vs the universe
Trend 7 / 8 RS under 70
Relative volume 1.0× vs 50-day average
Up/down volume 0.93 50 sessions
Implied move — no scheduled report
Trend template · 7 of 8
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Shareholders diluted The share count rose 2.1% over the year, from 108m to 110m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
  • Revenue shrinking Revenue fell 2.4% over the year, from $825.9M to $806.1M.
Last reported Jul 28, 2011
Reported Oct 27, 2026filing pending

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $806.1M -2% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $736.9M FY2021 · $768.0M FY2022 · $828.9M FY2023 · $834.0M FY2024 · $825.9M FY2025 · $806.1M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $162.7M +56% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $357.9M FY2021 · $323.3M FY2022 · $164.0M FY2023 · $151.3M FY2024 · $104.3M FY2025 · $162.7M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $359.2M -11% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $358.2M FY2021 · $414.6M FY2022 · $421.8M FY2023 · $387.0M FY2024 · $403.6M FY2025 · $359.2M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 20%
  • Free cash 45%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 49% · Free cash 49% FY2021 · Net 42% · Free cash 54% FY2022 · Net 20% · Free cash 51% FY2023 · Net 18% · Free cash 46% FY2024 · Net 13% · Free cash 49% FY2025 · Net 20% · Free cash 45%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $109.3M FY2021 · Cash $23.2M FY2022 · Cash $21.4M FY2023 · Cash $25.1M FY2024 · Cash $22.4M FY2025 · Cash $27.4M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 109.91m +5.8% since FY2020
109.91m 103.92m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 103.92m FY2021 · 104.89m FY2022 · 105.21m FY2023 · 105.71m FY2024 · 107.62m FY2025 · 109.91m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $736.9M $768.0M $828.9M $834.0M $825.9M $806.1M
Operating income $505.1M $531.6M $569.1M $565.2M $553.7M $544.7M
Net income $357.9M $323.3M $164.0M $151.3M $104.3M $162.7M
Net margin 49% 42% 20% 18% 13% 20%
Earnings per share $3.35 $3.02 $1.52 $1.40 $0.96 $1.47
Free cash flow $358.2M $414.6M $421.8M $387.0M $403.6M $359.2M
Free cash margin 49% 54% 51% 46% 49% 45%
Cash $109.3M $23.2M $21.4M $25.1M $22.4M $27.4M
Shareholders' equity $2.3B $2.5B $2.5B $2.4B $2.4B $2.4B
Shares outstanding 103.92m 104.89m 105.21m 105.71m 107.62m 109.91m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Apr 28, 2026 Quarterly ↗ Mar 31, 2026 28d
Feb 10, 2026 Annual ↗ Dec 31, 2025 41d
Oct 28, 2025 Quarterly ↗ Sep 30, 2025 28d
Jul 29, 2025 Quarterly ↗ Jun 30, 2025 29d
Apr 29, 2025 Quarterly ↗ Mar 31, 2025 29d
Feb 11, 2025 Annual ↗ Dec 31, 2024 42d
Oct 22, 2024 Quarterly ↗ Sep 30, 2024 22d
Jul 23, 2024 Quarterly ↗ Jun 30, 2024 23d
Apr 23, 2024 Quarterly ↗ Mar 31, 2024 23d
Feb 6, 2024 Annual ↗ Dec 31, 2023 37d
Oct 24, 2023 Quarterly ↗ Sep 30, 2023 24d
Jul 25, 2023 Quarterly ↗ Jun 30, 2023 25d

Current reports