Highwoods Properties stock
HIWNYSEHighwoods Properties, Inc., Real EstateISIN US4312841087
60Score 60 out of 100, Neutral
Price and trend
85 / 100
Price history
+6.5% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 12% above it.
Since June 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 53).
The price is 10% below its 52-week high. Largest decline in 20 years: 69% (August 2016 to October 2023).
Chart figures for advanced users
- SMA 50$30.18
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$27.70
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)53
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$20.58
- The lowest closing price of the last twelve months.
- Resistance$34.40
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Highwoods Properties, Inc. belongs to the REIT (Office) industry (United States) and, with a market value of $3.41B, is number 10 of 19 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $806.11M (down 2.4% year on year) and earnings of $159.61M (up 56.1%).
- For fiscal 2026, analysts expect on average revenue of $867.2M (up 7.6%) and adjusted earnings per share of $1.30.
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- MEQIRI Score 60 out of 100 (Neutral): rank 91 of 325 in Real Estate, median 55.
- The P/E is 18.7 (REIT (Office) median 19.1, own median of recent years 18.3).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $38.18, with the price 19% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 217% of earnings over the last 12 months.Fundamentals 79
- Reliable dividendNo dividend cut for 23 years.
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 79
Weaknesses
- Analysts expect falling earningsDown 31.4% a year through 2028 (estimates from 2 analysts).Growth 29
- Earnings per share fallingDown 15.3% a year since 2020.Growth 29
- Interest barely coveredOperating profit covers interest only 2.1 times.Stability 51
Its standout strengths are technical analysis and fundamentals, while capital allocation and growth hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- solid fundamentals
Valuation
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $29.37 and expensive above $54.55 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $47.42 (cash-flow model) and $28.95 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $34.27, at 7.8% it would be $44.05.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (8.9). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 15% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 5.2% on the twelve months before. Revenue has grown solidly since 2006, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 68%, operating 26%, net 20%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 9 Feb 2027in 88 days
- Last reported
- 27 Oct 2026EPS reported $0.29 (expected $0.21)above expectations
Analyst estimates
- Earnings per share
- $1.30−8.2%
- Revenue
- $867.2M+0.4%
- Earnings per share
- $0.68−5.4%
- Revenue
- $896.09M+0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +2.3%Highwoods raised its 2026 FFO outlook again to $3.51 to $3.70 per share, with the midpoint up $0.025 from the prior outlook and $0.065 higher than at the start of the year.
“We updated our 2026 FFO outlook to $3.51-$3.70 per share, which is up $0.025 per share at the midpoint since our prior outlook in July, and includes the possibility of $0.14 per share of land sale gains at the high end and none at the low end.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Highwoods Properties
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
325 rated companies in Real Estate
- This company
- 60
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Office)
The next larger and next smaller companies by market value
- Cousins PropertiesCUZ $4.86B51
- Kilroy RealtyKRC $4.17B45
- Colonial SFL SOCIMICOL.MC $3.54B57
- SL Green RealtySLG $3.45B43
- Douglas EmmettDEI $1.65B44
- Piedmont Office Realty TrustPDM $1.23B46
- Easterly Government PropertiesDEA $1.04B46
- Postal Realty TrustPSTL $888.14M64
ETFs that hold Highwoods Properties
Held by 24 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| State Street SPDR S&P Global Dividend Aristocrats UCITS ETF (Dist)ZPRG | 2.08% | 0.45% | €1.64B |
| iShares US Property Yield UCITS ETFIQQ7 | 0.30% | 0.40% | €556.83M |
| WisdomTree US High Dividend UCITS ETF AccWTD9 | 0.24% | 0.29% | €182.46M |
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| WisdomTree US Equity Income UCITS ETF EUR Hedged AccWTDY | 0.23% | 0.35% | €204.34M |
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 0.21% | 0.25% | €207.65M |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 0.20% | 0.40% | €331.25M |
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.20% | 0.30% | €2.31B |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.20% | 0.59% | €813.1M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 5 Jun 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.