# Highwoods Properties share price today (Highwoods Properties, Inc., HIW)

> Highwoods Properties, Inc.'s earnings have grown faster than its share price. Earnings per share grew +54.3% in a year while the price moved +7.6%. HIW · Real Estate · REIT - Office · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/hiw

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $30.81 (+7.6% in a year)
- P/E: 18.3×, over 4.6 years
- Revenue (Jun 2026): $216 M (+7.5% on a year ago)
- Profit (Jun 2026): $96.8 M (+403.4% on a year ago)
- Operating margin: 26.3% (+0.3 points on a year ago)
- ROE: 7%, FY25
- ROIC: 2.3%, against a 6.9% cost of capital: −4.6 points

The main question: yearly earnings per share moved +54.3% while the share price moved +7.6%. ## What is the Highwoods Properties share price today? Highwoods Properties, Inc.'s share price was $30.81 at the close on 3 November 2026. It has been stalling near its high for 23 weeks. That is 12.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between $21 and $34, and at that close it sat 78% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 10 years the share price moved −42% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Highwoods Properties pay? Highwoods Properties, Inc. paid $2.00 per share over the last four reported quarters. The most recent declaration was $0.50 for Jun 2026. At today's price of $30.81 that is a yield of 6.49%, based on dividends already paid, not a forecast. ## Which stock lists is Highwoods Properties on? Highwoods Properties is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Highwoods Properties profitable? Highwoods Properties, Inc. earned $96.8 M of net profit in the Jun 2026 quarter, +403.4% on the same quarter a year earlier. Full-year FY25 profit was $163 M. Over 4 years profit has grown −15.8% a year on average. That is 44.8% of the quarter's revenue. The same quarter a year earlier earned $19.2 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $163 M (+56.0% on the year before). Why profit moved: revenue changed +7.5% on a year earlier and the margin moved +0.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +108.5% and revenue +3.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Highwoods Properties make, and is it growing? Highwoods Properties, Inc. reported $216 M of revenue in the Jun 2026 quarter, +7.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown 1.2% a year on average. The last full year, FY25, came in at $808 M. The last four reported quarters add to $839 M. FY25 revenue was $808 M, −2.6% on the year before. Recent pace: the last four quarters grew +3.0% on average, against 1.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.9%, against +0.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +32.0%, against +6.0% a year (accelerating). ## How much of every $100 of sales does Highwoods Properties keep? Highwoods Properties, Inc.'s operating margin was 26.3% in the Jun 2026 quarter, 0.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 26.1% and 30.4%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is Highwoods Properties' profit turning into cash? Over the last 3 years, 275% of Highwoods Properties, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $359 M of operating cash against $163 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Highwoods Properties' cash go? Highwoods Properties, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Highwoods Properties' P/E ratio, and how does it compare with its own history? Highwoods Properties, Inc.'s P/E is 18.3×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +54.3% while the price moved +7.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +15.5% a year; about +5.5% a year came from earnings growth and about +10.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Highwoods Properties business getting better or worse? Highwoods Properties, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 4.3%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## How much does Highwoods Properties earn on its capital? Highwoods Properties, Inc. earned a ROE of 7% in FY25. That is up from a low of 4% in FY24. Its return on capital used (ROIC) is 4.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 20.1% net margin and 0.13× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 20.1% net margin × 0.13× asset turnover × 2.58× leverage (assets divided by equity) ≈ 6.7% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.3% − 6.9% = −4.6 percentage points. The 6.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Highwoods Properties have too much debt? Highwoods Properties, Inc. has total debt of $3.5 B against shareholder equity of $2.7 B as of Jun 2026, so its debt is 1.33× its equity. Year by year, that ratio went from 1.07 in FY21 to 1.49 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Highwoods Properties shareholding pattern? 11.0% of Highwoods Properties, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 9.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Highwoods Properties from balance-sheet trouble? For Highwoods Properties, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Highwoods Properties rank in its industry? 61.8 out of 100, rank 1 of 17 in REIT - Office, with 76% of the evidence available. Highwoods Properties, Inc. scores 61.8 out of 100 against the 17 companies it is compared with in REIT - Office, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.4 + 16.2 + 8.2 + 19 = 61.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Highwoods Properties compared with? Highwoods Properties ranks 1 of 17 REIT - Office companies on the 4-Factor Sector Score, with 61.8 out of 100. 1. Highwoods Properties, Inc. this page HIW · turning · Evidence leans up · 76% evidence 61.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Income 2.9% · Profit 32.8% · 71% evidence Capital efficiency 16.2/25 · ROA 2.1% · ROE 5.3% · GNPA n/a · 68% evidence Valuation 8.2/20 · P/BV 1.25× · P/BV÷ROE 0.24 · 70% evidence Relative strength 19.0/20 · Lead over its industry 13.9% · Lead over S&P 500 7.4% · 1 year 4.9% · 100% evidence · 3 of 12 weeks ahead Exact sum: 18.4 + 16.2 + 8.2 + 19 = 61.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Postal Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/pstl) PSTL · quiet · Evidence leans up · 76% evidence 60.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Income 23.3% · Profit 55.6% · 71% evidence Capital efficiency 16.3/25 · ROA 2.9% · ROE 5.3% · GNPA n/a · 68% evidence Valuation 5.5/20 · P/BV 1.63× · P/BV÷ROE 0.31 · 70% evidence Relative strength 11.3/20 · Lead over its industry 5% · Lead over S&P 500 -0.4% · 1 year 38.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.6 + 16.3 + 5.5 + 11.3 = 60.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Cousins Properties Incorporated](https://www.sectoralpha.in/us/stocks/cuz) CUZ · turning · Evidence leans up · 64% evidence 55.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.6/35 · Income 11.7% · Profit -88.5% · 71% evidence Capital efficiency 12.6/25 · ROA 1.6% · ROE -2.1% · GNPA n/a · 68% evidence Valuation 9.6/20 · P/BV 1.1× · P/BV÷ROE n/a · 10% evidence Relative strength 17.5/20 · Lead over its industry 10.4% · Lead over S&P 500 4.3% · 1 year 11.8% · 100% evidence · 2 of 12 weeks ahead Exact sum: 15.6 + 12.6 + 9.6 + 17.5 = 55.3 · What this means: Relative strength against the index is 4.3%, and revenue and profit growth are weak. 4. [COPT Defense Properties](https://www.sectoralpha.in/us/stocks/cdp) CDP · quiet · Evidence leans up · 76% evidence 53.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Income 5.1% · Profit 15.4% · 71% evidence Capital efficiency 19.0/25 · ROA 3.3% · ROE 10.1% · GNPA n/a · 68% evidence Valuation 6.8/20 · P/BV 2.56× · P/BV÷ROE 0.25 · 70% evidence Relative strength 7.6/20 · Lead over its industry 1.5% · Lead over S&P 500 -4% · 1 year 14% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.3 + 19 + 6.8 + 7.6 = 53.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 5. [Piedmont Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/pdm) PDM · turning · Too little evidence to rank firmly · 55% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Income 0.7% · Profit n/a · 45% evidence Capital efficiency 8.6/25 · ROA 1.2% · ROE -3.5% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 0.78× · P/BV÷ROE n/a · 10% evidence Relative strength 18.7/20 · Lead over its industry 12.6% · Lead over S&P 500 6.3% · 1 year 15.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 15.4 + 8.6 + 9.8 + 18.7 = 52.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [BXP, Inc.](https://www.sectoralpha.in/us/stocks/bxp) BXP · basing · Evidence leans up · 76% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income -6.5% · Profit 100% · 71% evidence Capital efficiency 16.7/25 · ROA 2.2% · ROE 6.9% · GNPA n/a · 68% evidence Valuation 8.1/20 · P/BV 1.37× · P/BV÷ROE 0.2 · 70% evidence Relative strength 7.9/20 · Lead over its industry -0.3% · Lead over S&P 500 -6% · 1 year -13.4% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19 + 16.7 + 8.1 + 7.9 = 51.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Brandywine Realty Trust](https://www.sectoralpha.in/us/stocks/bdn) BDN · basing · Too little evidence to rank firmly · 57% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Income 13.6% · Profit n/a · 52% evidence Capital efficiency 5.3/25 · ROA 0.7% · ROE -17.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 0.75× · P/BV÷ROE n/a · 10% evidence Relative strength 11.8/20 · Lead over its industry 0.5% · Lead over S&P 500 -5.1% · 1 year -10.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 5.3 + 9.8 + 11.8 = 50.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. Net Lease Office Properties NLOP · quiet · Evidence leans down · 67% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Income -45.6% · Profit n/a · 45% evidence Capital efficiency 15.8/25 · ROA 1.4% · ROE 42.5% · GNPA n/a · 68% evidence Valuation 15.8/20 · P/BV 0.98× · P/BV÷ROE 0.02 · 70% evidence Relative strength 4.3/20 · Lead over its industry -39.9% · Lead over S&P 500 -43.9% · 1 year -70% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.9 + 15.8 + 15.8 + 4.3 = 48.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [SL Green Realty Corp.](https://www.sectoralpha.in/us/stocks/slg) SLG · quiet · Evidence leans down · 68% evidence 45.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.7/35 · Income 60.3% · Profit -508% · 81% evidence Capital efficiency 9.3/25 · ROA 1.1% · ROE -1% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 0.78× · P/BV÷ROE n/a · 10% evidence Relative strength 12.7/20 · Lead over its industry 6.9% · Lead over S&P 500 0.8% · 1 year -5.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.7 + 9.3 + 9.8 + 12.7 = 45.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Alexandria Real Estate Equities, Inc.](https://www.sectoralpha.in/us/stocks/are) ARE · quiet · Evidence leans down · 67% evidence 44.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Income -8.4% · Profit n/a · 45% evidence Capital efficiency 10.4/25 · ROA 0.8% · ROE 8.3% · GNPA n/a · 68% evidence Valuation 16.1/20 · P/BV 0.48× · P/BV÷ROE 0.06 · 70% evidence Relative strength 4.4/20 · Lead over its industry -14% · Lead over S&P 500 -18.8% · 1 year -24% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14 + 10.4 + 16.1 + 4.4 = 44.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Easterly Government Properties, Inc.](https://www.sectoralpha.in/us/stocks/dea) DEA · basing · Evidence leans down · 76% evidence 41.2 out of 100 Growth Capital Valuation Relative
12. [Empire State Realty OP, L.P.](https://www.sectoralpha.in/us/stocks/esba) ESBA · turning · Evidence leans down · 76% evidence 41.1 out of 100 Growth Capital Valuation Relative
13. [Kilroy Realty Corporation](https://www.sectoralpha.in/us/stocks/krc) KRC · basing · Evidence leans down · 80% evidence 40.9 out of 100 Growth Capital Valuation Relative
14. Orion Properties Inc. ONL · basing · Too little evidence to rank firmly · 55% evidence 38.1 out of 100 Growth Capital Valuation Relative
15. [Douglas Emmett, Inc.](https://www.sectoralpha.in/us/stocks/dei) DEI · basing · Too little evidence to rank firmly · 55% evidence 37.7 out of 100 Growth Capital Valuation Relative
16. [Hudson Pacific Properties, Inc.](https://www.sectoralpha.in/us/stocks/hpp) HPP · quiet · Too little evidence to rank firmly · 55% evidence 36.8 out of 100 Growth Capital Valuation Relative
17. [Vornado Realty Trust](https://www.sectoralpha.in/us/stocks/vno) VNO · basing · Most evidence points down · 64% evidence 34.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Office](https://www.sectoralpha.in/us/sectors/reit-office), all 17 compared on one page. ## Which companies are close to Highwoods Properties in size? Highwoods Properties is the 8th largest of 15 REIT - Office companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Kilroy Realty Corporation, COPT Defense Properties and SL Green Realty Corp. Just below it: Douglas Emmett, Inc., Empire State Realty OP, L.P. and Piedmont Realty Trust, Inc. ### REIT - Office companies close in size

1. [Kilroy Realty Corporation](https://www.sectoralpha.in/us/stocks/krc) $4.2 billion
2. [COPT Defense Properties](https://www.sectoralpha.in/us/stocks/cdp) $3.8 billion
3. [SL Green Realty Corp.](https://www.sectoralpha.in/us/stocks/slg) $3.8 billion
4. Highwoods Properties, Inc. $3.5 billion
5. [Douglas Emmett, Inc.](https://www.sectoralpha.in/us/stocks/dei) $2 billion
6. [Empire State Realty OP, L.P.](https://www.sectoralpha.in/us/stocks/esba) $1.4 billion
7. [Piedmont Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/pdm) $1.2 billion

[All 15 REIT - Office companies, largest first](https://www.sectoralpha.in/us/sectors/reit-office#all-companies)

### Companies close in size in other industries

1. [Broadstone Net Lease, Inc.](https://www.sectoralpha.in/us/stocks/bnl) $3.5 billion · REIT - Diversified
2. [Amylyx Pharmaceuticals, Inc.](https://www.sectoralpha.in/us/stocks/amlx) $3.5 billion · Drug Manufacturers - Specialty & Generic
3. Highwoods Properties, Inc. $3.5 billion
4. [Curbline Properties Corp.](https://www.sectoralpha.in/us/stocks/curb) $3.5 billion · REIT - Retail
5. [Hayward Holdings, Inc.](https://www.sectoralpha.in/us/stocks/hayw) $3.5 billion · Electrical Equipment & Parts

## What else do people ask about Highwoods Properties? ### What were Highwoods Properties's latest quarterly results? Highwoods Properties, Inc. reported revenue of $216 M and net profit of $96.8 M for the Jun 2026 quarter. Revenue rose 7.5% and profit rose 403.4% compared with a year earlier. Earnings per share were $0.85. The operating margin was 26.3%, 0.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is Highwoods Properties's market cap? Highwoods Properties, Inc.'s market capitalisation is $3.5 B at a stock price of $30.81. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Highwoods Properties performing? Highwoods Properties, Inc.'s share price has been stalling near its high for 23 weeks. In its latest quarter, revenue rose 7.5% and profit rose 403.4% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 3 November 2026). ### Will Highwoods Properties's stock price go up? This page does not forecast Highwoods Properties, Inc.'s stock price. What it shows instead: the stock price is $30.81, and it has been stalling near its high for 23 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Highwoods Properties have too much debt? Yes, Highwoods Properties, Inc. has a lot of debt: its debt is 1.34× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Is Highwoods Properties's profit real cash? Yes, over the last 3 years, 275% of Highwoods Properties, Inc.'s reported profit came in as cash from operations. The latest year was lower at 221%, so the trend is worth watching. In FY25, operating cash was $359 M against reported profit of $163 M. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 3 November 2026). ### Where is Highwoods Properties in its business cycle? Highwoods Properties, Inc.'s FY25 operating margin was 26.2%, against a 5-year range of 26.1% to 30.4%: the low end of its own range, which is often where recoveries start. The latest quarter was 26.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Highwoods Properties story? The main question: yearly earnings per share moved +54.3% while the share price moved +7.6%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Highwoods Properties a stock worth studying right now? What the numbers show: Highwoods Properties, Inc.'s earnings have grown faster than its share price. Earnings per share grew +54.3% in a year while the price moved +7.6%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.