Highwoods Properties Inc
Research Highwoods Properties Inc (HIW) on Bullrun: valuation model: 4.8% undervalued, market cap USD 3.20B, P/E 19.4, dividend yield 6.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHIW
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Office
- CurrencyUSD
- Valuation signal4.8% undervalued
- Market capUSD 3.20B
- P/E19.4
- Dividend yield6.8%
- Financial periodQ1 2026
- RevenueUSD 214.03M
- Net incomeUSD 31.94M
- Free cash flowUSD 62.85M
- Gross margin66.8%
Valuation Snapshot
Bullrun's latest valuation model marks Highwoods Properties Inc as 4.8% undervalued; latest market cap is USD 3.20B; P/E is 19.4; dividend yield is 6.8%.
Peer valuation comparison
Latest P/E is 19.43x versus a Real Estate sector median of 14.08x (38.0% above).
Latest dividend yield is 6.78% versus a Real Estate sector median of 4.76% (42.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 806.11M | USD 162.65M | USD 359.21M | 67.6% | 1.45 | USD 27.36M | USD 3.55B | USD 2.38B |
| FY2024 | USD 825.86M | USD 104.25M | USD 403.58M | 67.0% | 0.94 | USD 22.41M | USD 3.29B | USD 2.36B |
| FY2023 | USD 834.00M | USD 151.33M | USD 386.96M | 67.8% | 1.39 | USD 25.12M | USD 3.21B | USD 2.43B |
| FY2022 | USD 828.93M | USD 163.96M | USD 421.78M | 68.7% | 1.49 | USD 21.36M | USD 3.20B | USD 2.48B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 3.20B | 19.4 | 6.9% | 2 |
| 2025 | 2025-12-31 | USD 2.84B | 17.8 | 7.7% | 2 |
| 2024 | 2024-12-31 | USD 3.29B | 32.5 | 6.5% | 2 |
| 2023 | 2023-12-29 | USD 2.43B | 17.8 | 8.7% | 2 |
| 2022 | 2022-12-30 | USD 2.94B | 11.6 | 7.1% | 2 |
| 2021 | 2021-12-31 | USD 4.68B | 15.0 | 4.4% | 1.96 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2 USD, yield 6.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 2 USD |
| FY2024 | 2 USD |
| FY2023 | 2 USD |
| FY2022 | 2 USD |
About Highwoods Properties Inc
Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust 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. The firm's vision is to be a leader in the evolution of commercial real estate for the benefit of customers, their communities and those who invest with them.
ETFs that hold Highwoods Properties Inc
Highwoods Properties Inc is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| State Street SPDR S&P Global Dividend Aristocrats UCITS ETF | 2.07% | 0.45% |
Related stock research
Other Real Estate stocks
Frequently asked questions
Is Highwoods Properties Inc overvalued or undervalued?
Bullrun's valuation model currently marks Highwoods Properties Inc as 4.8% undervalued.
What is Highwoods Properties Inc's market cap?
Highwoods Properties Inc's market capitalization is USD 3.20B.
What is Highwoods Properties Inc's P/E ratio?
Highwoods Properties Inc's price-to-earnings (P/E) ratio is 19.4.
Does Highwoods Properties Inc pay a dividend?
Highwoods Properties Inc has a dividend yield of 6.8%.
What does Highwoods Properties Inc do?
Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust 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. The firm's vision is to be a leader in the evolution of commercial real estate for the benefit of customers, their communities and those who invest with them. Highwood Properties' mission is to create environments and experiences that inspire their teammates and their customers to achieve more together.