profit from every $100 of sales.
$0$100
Highwoods Properties
$31.07+0.45% today
+7.1% in 1 year
1-year low $20.581-year high $34.40
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $21.87 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Highwoods Properties sold, what it kept, and what it did with the cash.
Sales went from $829 million in 2022 to $806 million in 2025, with $160 million of profit last year.
SalesProfit
Highwoods Properties handed back 62% of the cash it generated last year.
$219M
Free cash flow 2025$359M
Bought back its own shares$2M
Paid as dividends$219M
Cash vs. debt$27M vs. $3.6B
Highwoods Properties vs. similar companies
Highwoods Properties grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Highwoods Properties | 21.9× · Fair price | ||
 BXP | 41.6× · Expensive | ||
 MERLIN Properties SOCIMI | 9.2× · Cheap | ||
 Alexandria Real Estate Equities | No profit yet | ||
 Vornado Realty | 7.8× · Cheap |
AI analysis
An AI analyst reads Highwoods Properties's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 829 | 834 | 826 | 806 | |
| 569 | 565 | 554 | 545 | |
| 239 | 223 | 213 | 209 | |
| 557 | 587 | 550 | 610 | |
| 159 | 149 | 102 | 160 | |
| 1.49 | 1.39 | 0.94 | 1.45 | |
| 68.7% | 67.8% | 67.0% | 67.6% | |
| 28.9% | 26.7% | 25.8% | 26.0% | |
| 19.2% | 17.8% | 12.4% | 19.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 6,063 | 6,003 | 6,029 | 6,274 |
| Cash | 21 | 25 | 22 | 27 |
| Total debt | 3,197 | 3,213 | 3,294 | 3,554 |
| Total liabilities | 3,498 | 3,515 | 3,598 | 3,838 |
| 2,477 | 2,433 | 2,361 | 2,379 | |
| 108 | 108 | 108 | 111 | |
| 3.8% | 4.0% | 3.5% | 4.2% | |
| 6.4% | 6.1% | 4.3% | 6.7% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 422 | 387 | 404 | 359 | |
| – | – | – | – | |
| 422 | 387 | 404 | 359 | |
| Dividends paid | 213 | 214 | 215 | 219 |
| 6 | 1 | 1 | 2 | |
| 8 | 7 | 8 | 8 |
Valuation
- 21.9×
- 48.1×
- –
- 1.5×
- 4.3×
- 9.7×
- 11.5×
- 10.3%
- 4.6%
- 7.9%
Profitability
- 67.6%
- 26.0%
- 19.8%
- 64.8%
- 4.3%
- 4.0%
- 3.9%
- 1.4%
- 3.3%
- –
Growth
- −0.9%
- −0.9%
- −58.7%
- +0.8%
- +0.9%
Financial health
- 5.8×
- 1.49
- 56.1%
- 2.1×
- 1.50
- 1.73
- 0.12
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 47%of 743
Bottom 37%of 749
Bottom 35%of 663
Bottom 17%of 759
Top 21%of 759
What analysts expect
- Average price target
- $27.00
- Range
- $25.00 – $29.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 0.84 | 0.84 | +0.0% |
| Feb 10, 2026 | 0.26 | 0.84 | −69.0% |
| Oct 28, 2025 | 0.86 | 0.86 | +0.0% |
| Jul 29, 2025 | 0.89 | 0.85 | +4.7% |
| Apr 29, 2025 | 0.83 | 0.82 | +1.2% |
| Feb 11, 2025 | 0.85 | 0.85 | +0.0% |
| Oct 22, 2024 | 0.90 | 0.88 | +2.3% |
| Jul 23, 2024 | 0.98 | 0.90 | +8.9% |
7.9%of the share price, paid each year
On $1,000 invested$79a year at today's yield, before tax
+0.8%2020 to 2025
Raised–not every year
Paid per share, each year
$1.70 in 2015 → $2.00 in 2025
How safe it looks
137.3% of its profit
Room to growStretchedMore than it earns: 61.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
55No pass
Philip Fisher
44No pass
Peter Lynch
19No pass
Joel Greenblatt
44No pass
Charlie Munger
52No pass
Terry Smith
47No pass
Questions about Highwoods Properties
Is Highwoods Properties a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Highwoods Properties AI analysis
What does Highwoods Properties 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. It is in REIT - Office, based in Raleigh, NC, United States, with 315 employees.
Does Highwoods Properties pay a dividend?
Yes. At today's price the dividend is 7.9% a year, about 137% of its yearly profit. In 2025 it paid out $219 million in dividends.
Is Highwoods Properties stock halal?
No. Highwoods Properties does not pass our halal screen: its debt is 102% of its market value, at or above the 33% limit. How we check
How has Highwoods Properties stock done over the past year?
Up 7.1% over the past twelve months, to $31.07. It traded between $20.58 and $34.40 and is 9.7% below its high.
Who are Highwoods Properties's competitors?
The largest listed companies in the same industry are BXP, MERLIN Properties SOCIMI, Alexandria Real Estate Equities and Vornado Realty. The peers table on this page compares their profit, growth and price with Highwoods Properties's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.