Highwoods Properties Future Growth

Future criteria checks 0/6

Highwoods Properties's earnings are forecast to decline at 22% per annum while its annual revenue is expected to grow at 2.5% per year. EPS is expected to decline by 27.9% per annum. Return on equity is forecast to be 3.1% in 3 years.

Key information

-22.0%

Earnings growth rate

-27.9%

EPS growth rate

Office REITs earnings growth	14.1%
Revenue growth rate	2.5%
Future return on equity	3.1%
Analyst coverage	Good
Last updated	04 Dec 2024

Recent future growth updates

Recent updates

Highwoods Properties: The Pullback Makes It An Attractive Income Play With Upside Potential

Dec 13

Highwoods Properties: Resilient REIT That Offers Long-Term Upside As Leasing Activity Ramps Up

Oct 21

Highwoods Properties: Long-Term Investors Should Consider This Near 8% Yielding REIT

May 02

Highwoods Properties: Nothing Could Be Finer Than A REIT From Carolina

Mar 19

Highwoods Properties Q4: Strictly An Income Play While The Sector Recovers

Feb 10

Highwoods Properties: Cheap But Now A Hold (Downgrade)

Jan 22

Highwoods Properties: Fly To Quality With This 8.5% Yield

Jan 10

Highwoods: A Safe ~11% Yield And Significant Potential Upside

Oct 29

Highwoods Properties: Solid FFO Growth, Strong Leadership Makes It A Buy

Oct 21

Highwoods Properties: Likely To Remain Stagnant

Sep 06

Highwoods Properties: Up Since Trough, But Still A 'Buy'

Jul 15

Highwoods Properties: A Buy Rating With A Generous Dividend Yield Of 6.62%

Feb 01

Highwoods Properties: 7.3% Yield Offers Great Opportunity

Dec 22

Highwoods Properties works with Bromley to develop office in Tampa, Florida

Dec 13

Highwoods Properties FFO of $1.04 beats by $0.08, revenue of $207M beats by $1.87M

Oct 25

Stick To The Sunbelt And Buy Highwoods Properties

Oct 19

Highwoods gets new $200M term loan, bringing total loans to $550M for the year

Oct 11

Highwoods reports no notable damage from hurricane Ian

Oct 03

Highwoods Properties closes $203M acquisition of office building

Aug 17

Highwoods Properties: Nothing Could Be Finer Than This REIT In Carolina

Aug 04

Highwoods Properties Q2 2022 Earnings Preview

Jul 25

Highwoods Properties: Buy The Dip And Start The DRIP

Jun 28

Earnings and Revenue Growth Forecasts

NYSE:HIW - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	864	71	N/A	N/A	6
12/31/2025	833	60	N/A	N/A	6
12/31/2024	828	114	N/A	N/A	6
9/30/2024	829	141	403	403	N/A
6/30/2024	831	149	408	408	N/A
3/31/2024	834	128	394	394	N/A
12/31/2023	835	146	387	387	N/A
9/30/2023	841	136	386	386	N/A
6/30/2023	841	152	401	401	N/A
3/31/2023	837	160	413	413	N/A
12/31/2022	830	157	422	422	N/A
9/30/2022	822	254	425	425	N/A
6/30/2022	810	288	419	419	N/A
3/31/2022	792	297	406	406	N/A
12/31/2021	770	311	415	415	N/A
9/30/2021	747	268	392	392	N/A
6/30/2021	733	236	375	375	N/A
3/31/2021	732	214	378	378	N/A
12/31/2020	741	345	358	358	N/A
9/30/2020	753	323	355	355	N/A
6/30/2020	759	310	373	373	N/A
3/31/2020	760	313	367	367	N/A
12/31/2019	739	134	366	366	N/A
9/30/2019	728	128	352	352	N/A
6/30/2019	720	133	348	348	N/A
3/31/2019	714	144	343	343	N/A
12/31/2018	722	169	359	359	N/A
9/30/2018	717	173	375	375	N/A
6/30/2018	722	197	N/A	364	N/A
3/31/2018	721	184	N/A	362	N/A
12/31/2017	710	183	N/A	353	N/A
9/30/2017	702	152	N/A	344	N/A
6/30/2017	686	127	N/A	340	N/A
3/31/2017	676	121	N/A	326	N/A
12/31/2016	671	103	N/A	306	N/A
9/30/2016	662	95	N/A	312	N/A
6/30/2016	644	89	N/A	304	N/A
3/31/2016	626	78	N/A	304	N/A
12/31/2015	610	79	N/A	289	N/A
9/30/2015	552	65	N/A	293	N/A
6/30/2015	553	91	N/A	275	N/A
3/31/2015	557	93	N/A	269	N/A
12/31/2014	557	89	N/A	267	N/A
9/30/2014	607	104	N/A	254	N/A
6/30/2014	600	66	N/A	254	N/A
3/31/2014	581	56	N/A	246	N/A
12/31/2013	508	34	N/A	256	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIW's earnings are forecast to decline over the next 3 years (-22% per year).

Earnings vs Market: HIW's earnings are forecast to decline over the next 3 years (-22% per year).

High Growth Earnings: HIW's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HIW's revenue (2.5% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: HIW's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HIW's Return on Equity is forecast to be low in 3 years time (3.1%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 16:44
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Highwoods Properties, Inc. is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Rodgers	Baird
Jing Xian Tan Bonnel	BofA Global Research
James Sullivan	BTIG

Highwoods Properties Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 16%

Price target increased by 7.3% to US$29.50

Price target increased by 7.3% to US$28.00

Consensus EPS estimates increase by 27%, revenue downgraded

Consensus EPS estimates increase by 46%

Consensus EPS estimates increase by 46%, revenue downgraded

Recent updates

Highwoods Properties: The Pullback Makes It An Attractive Income Play With Upside Potential

Upcoming dividend of US$0.50 per share

Third quarter 2024 earnings: EPS misses analyst expectations

Third quarter dividend of US$0.50 announced

Highwoods Properties: Resilient REIT That Offers Long-Term Upside As Leasing Activity Ramps Up

Consensus EPS estimates fall by 16%

Price target increased by 7.3% to US$29.50

Highwoods Properties: Once A Strong Buy, Now A Hold

Price target increased by 7.3% to US$28.00

Upcoming dividend of US$0.50 per share

Highwoods Properties: A 6.5% Yield Isn't Enticing Enough Even After A Good Q2

Consensus EPS estimates increase by 27%, revenue downgraded

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First quarter dividend of US$0.50 announced

Highwoods Properties, Inc. Declares Quarterly Dividend for the Quarter Ended June 30, 2024, Payable on September 10, 2024

Highwoods Properties Offers A Nice Yield At A Reasonable Price

Upcoming dividend of US$0.50 per share

Consensus EPS estimates increase by 46%

Consensus EPS estimates increase by 46%, revenue downgraded

Highwoods Properties: Long-Term Investors Should Consider This Near 8% Yielding REIT

Consensus EPS estimates fall by 11%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Fourth quarter dividend of US$0.50 announced

Highwoods Properties, Inc. Declares Quarterly Dividends, Payable on June 11, 2024

Highwoods Properties, Inc., Annual General Meeting, May 14, 2024

Highwoods Properties: Nothing Could Be Finer Than A REIT From Carolina

Independent Chairman of the Board recently bought US$473k worth of stock

Consensus EPS estimates fall by 13%

Highwoods Properties Q4: Strictly An Income Play While The Sector Recovers

Upcoming dividend of US$0.50 per share at 8.4% yield

Full year 2023 earnings: EPS exceeds analyst expectations

Third quarter dividend of US$0.50 announced

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended December 31, 2023, Payable on March 12, 2024

Highwoods Properties: Cheap But Now A Hold (Downgrade)

Highwoods Properties: Fly To Quality With This 8.5% Yield

Investor sentiment improves as stock rises 17%

Price target decreased by 7.5% to US$21.78

Highwoods Properties, Inc. Elects Candice Todd to Board of Directors, Effective January 30, 2024

Price target decreased by 11% to US$22.56

Upcoming dividend of US$0.50 per share at 11% yield

Price target decreased by 7.4% to US$23.56

Highwoods: A Safe ~11% Yield And Significant Potential Upside

Third quarter 2023 earnings: EPS misses analyst expectations

Highwoods Properties, Inc. to Report Q3, 2024 Results on Oct 22, 2024

Highwoods Properties: Solid FFO Growth, Strong Leadership Makes It A Buy

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended September 30, 2023, Payable on December 12, 2023

Highwoods Properties: Likely To Remain Stagnant

Upcoming dividend of US$0.50 per share at 8.2% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Highwoods Properties, Inc. Declares Cash Dividend for the Quarter Ended June 30, 2023, Payable on September 12, 2023

Highwoods Properties: Up Since Trough, But Still A 'Buy'

An unknown buyer acquired One Independence Park from Highwoods Properties, Inc. (NYSE:HIW) for $19.5 million.

An unknown buyer acquired One Independence Park from Highwoods Properties, Inc. (NYSE:HIW) for $19.5 million.

Upcoming dividend of US$0.50 per share at 9.4% yield

First quarter 2023 earnings: EPS exceeds analyst expectations

President recently bought US$99k worth of stock

Price target decreased by 8.9% to US$28.60

Upcoming dividend of US$0.50 per share at 6.8% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Highwoods Properties, Inc. Declares Quarterly Dividend, Payable on March 14, 2023

Highwoods Properties: A Buy Rating With A Generous Dividend Yield Of 6.62%

Insufficient new directors

Highwoods Properties: 7.3% Yield Offers Great Opportunity

Highwoods Properties works with Bromley to develop office in Tampa, Florida

Upcoming dividend of US$0.50 per share

Highwoods Properties, Inc. to Report Q2, 2023 Results on Jul 25, 2023

Third quarter 2022 earnings: EPS exceeds analyst expectations

Highwoods Properties FFO of $1.04 beats by $0.08, revenue of $207M beats by $1.87M