Highwoods Properties, Inc. (HIW) Stock

Highwoods Properties, Inc. (HIW) is a Real Estate stock trading at $31.40 (as of 2026-08-21), with a market capitalization of $3.46B and a trailing P/E of 36.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Highwoods Properties, Inc. is a publicly traded real estate investment trust (REIT) that owns, develops, acquires, leases, and manages office properties in Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company primarily serves commercial tenants seeking office space in these markets.

Understand Highwoods Properties, Inc.: how it makes money

Highwoods Properties is an office-focused REIT that owns, develops, acquires, leases, and manages commercial properties, making money primarily from rental income tied to leasing space to tenants.

Because Highwoods is a fully integrated office REIT, its profit model is structurally driven by net rent it earns from leasing and managing its owned and developed office properties.

Business quality (Solid): The company’s results depend largely on its ability to lease and operate office properties in its targeted business districts, with a reported operating margin of 66.8% for the quarter ended 2026-03-31.

Valuation: At 35× earnings, HIW trades in line with the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Integrated model: Highwoods both develops and manages properties, giving it control over ownership, leasing execution, and day to day property operations.
  • Targeted property footprint: It focuses on best business districts in multiple major metro areas, including Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.

Bear case

  • Office leasing and market sensitivity: As an office REIT, performance can be pressured if tenant demand weakens, lease renewals are less favorable, or new leasing takes longer.
  • Property-level cost and occupancy volatility: Because earnings rely on leased properties, swings in operating needs or leasing outcomes at the property level can impact results.
Valuation — source: SEC EDGAR (first-party)
Price$31.40
Market Cap$3.46B
P/E Ratio36.1
EV / EBITDA4.0
Price / Book1.35
Price / Sales4.22
DCF Value (model)$98.82
DCF Upside vs Price214.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$806.11M
Net Margin20.2%
Revenue Growth (YoY)6.8%
EPS Growth (YoY)-68.1%
Valuation vs Sector & Industry
Stock P/E36.1
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector32.7%
vs Industry2.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($436.45M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorReal Estate
IndustryTrading
CEOTheodore J. Klinck
Employees350
CountryUS
IPO Date1994-06-08

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HIW earnings history · HIW institutional & insider holders · HIW KPIs & operating metrics · HIW financials · HIW investor presentations & press releases · HIW SEC filings · HIW peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.