Highwoods Properties, Inc., based in Raleigh, is a publicly traded (NYSE: HIW) real estate investment trust (?
| Revenue (TTM) | $855.44M |
| Gross Profit (TTM) | $575.79M |
| EBITDA | $490.82M |
| Operating Margin | 26.50% |
| Return on Equity | 7.64% |
| Return on Assets | 2.21% |
| Revenue/Share (TTM) | $7.77 |
| Book Value | $21.26 |
| Price-to-Book | 1.49 |
| Price-to-Sales (TTM) | 4.13 |
| EV/Revenue | 7.93 |
| EV/EBITDA | 10.11 |
| Quarterly Earnings Growth (YoY) | 142.30% |
| Quarterly Revenue Growth (YoY) | 8.20% |
| Shares Outstanding | $110.31M |
| Float | $108.83M |
| % Insiders | 1.31% |
| % Institutions | 118.95% |
Volatility is currently expanding
Highwoods Properties gets upgraded to a buy, challenging the consensus that is largely neutral. Key strengths come from the balance sheet, portfolio growth, and Sunbelt diversity. The dividend story is a strong one, while upside forecasts are also positive and two major agencies consider this REIT investment-grade.
Highwoods Properties, Inc. ( HIW ) Q3 2026 Earnings Call October 28, 2026 11:00 AM EDT Company Participants Brendan Maiorana - Executive VP & CFO Theodore Klinck - President, CEO & Director Brian Leary - Executive VP & COO Conference Call Participants Seth Bergey - Citigroup Inc., Research Division Blaine Heck - Wells Fargo Securities, LLC, Research Division Robert Stevenson - Huntington Securities, Inc., Research Division Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division Peter Abramowitz - Deutsche Bank AG, Research Division William Catherwood - BTIG, LLC, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Ronald Kamdem - Morgan Stanley, Research Division Presentation Operator Hello, everyone.
Highwoods Properties NYSE: HIW reported third-quarter funds from operations of $100.1 million, or $0.89 per share, as leasing activity, occupancy and rental rates improved across its office portfolio. The company said it raised its full-year 2026 FFO outlook to $3.51 to $3.70 per share, with the midpoint increasing $0.025 from its prior outlook.
RALEIGH, N.C., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2026 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link:
RALEIGH, N.C., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2026, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 8, 2026 to all holders of record as of November 16, 2026.
RALEIGH, N.C., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its third quarter 2026 results on Tuesday, October 27th, after the market closes.
2 nd Gen Leasing Activity Continues to be Strong 1,100,000 SF of Leases Signed to Date in Third Quarter Includes over 200,000 SF of New Leases ____________________________________ Closes $74 Million of Non-Core Dispositions ____________________________________ RALEIGH, N.C., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE: HIW) announced it has signed 1,100,000 square feet of second generation leases since July 1, 2026, including over 200,000 square feet of new leases.
Highwoods Properties (HIW) reported earnings 30 days ago. What's next for the stock?
Highwoods Properties remains a Hold with a $31 price target, reflecting minimal capital appreciation potential at current levels. Leasing activity is improving, but cash NOI growth is weak at 0.3%, and occupancy conversion risk persists between leased and occupied rates. FFO guidance midpoint is $3.58 per share, with an 8.63x multiple and a 6.5% dividend yield; however, recurring cash flow visibility is limited.
Highwoods Properties is now rated HOLD with a $21/share price target, reflecting deteriorated fundamentals and valuation concerns. HIW faces elevated leverage, declining occupancy, and refinancing at higher rates, with dividend coverage now exceeding 100% of AFFO. Despite some improvement in occupancy and leasing, HIW's credit rating is BBB-, one notch above junk, and refinancing risk remains high.
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