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HIW HIGHWOODS PROPERTIES, INC.

Trailing twelve months to 2026-03-31 · as filed 2026-04-28, not restated
Real Estate

Scale

Market cap
$3.5bn
Revenue TTM
$820m
Net income TTM
$96m
Free cash flow
Composite score
44.1
Sector rank
#1312

Valuation

P / E
36.1
EV / EBITDA
4.0
EV / sales
4.2
FCF yield
Earnings yield vs 10-yr
-1.96pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
11.7%
EBITDA margin
104.1%
ROE
4.0%
ROIC
23.6%
Revenue growth
0.6%

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Whether or not our rental revenue tracks average occupancy proportionally depends upon whether GAAP rents under signed new and renewal leases are higher or lower than the GAAP rents under expiring leases. Annual combined GAAP rents for new and renewal leases signed in the second quarter were $40.97 per rentable square foot, 20.9% higher compared to previous leases in the same office spaces. Consolidated same property NOI was $1.8 million, or 1.4%, higher in the second quarter of 2026 as compared to 2025 due to an increase of $5.4 million in same property revenues, partially offset by an increase of $3.7 million in same property expenses. …HIGHWOODS PROPERTIES, INC., 10-Q, period ended 2026-06-30, filed 2026-07-28

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