Highwoods Properties, Inc.

NYSE:HIW Stock Report

Market Cap: US$3.3b

Highwoods Properties Past Earnings Performance

Past criteria checks 3/6

Highwoods Properties's earnings have been declining at an average annual rate of -11.7%, while the Office REITs industry saw earnings declining at 13.9% annually. Revenues have been growing at an average rate of 3.2% per year. Highwoods Properties's return on equity is 6%, and it has net margins of 17.1%.

Key information

-11.7%

Earnings growth rate

-12.1%

EPS growth rate

Office REITs Industry Growth3.1%
Revenue growth rate3.2%
Return on equity6.0%
Net Margin17.1%
Last Earnings Update30 Sep 2024

Recent past performance 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: Once A Strong Buy, Now A Hold

Sep 09

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

Jul 30

Highwoods Properties Offers A Nice Yield At A Reasonable Price

Jul 07

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

Revenue & Expenses Breakdown

How Highwoods Properties makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:HIW Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24829141440
30 Jun 24831149430
31 Mar 24834128430
31 Dec 23835146430
30 Sep 23841136400
30 Jun 23841152410
31 Mar 23837160410
31 Dec 22830157420
30 Sep 22822254430
30 Jun 22810288440
31 Mar 22792297440
31 Dec 21770311410
30 Sep 21747268410
30 Jun 21733236400
31 Mar 21732214400
31 Dec 20741345410
30 Sep 20753323410
30 Jun 20759310430
31 Mar 20760313430
31 Dec 19739134440
30 Sep 19728128430
30 Jun 19720133410
31 Mar 19714144410
31 Dec 18722169400
30 Sep 18717173410
30 Jun 18722197400
31 Mar 18721184400
31 Dec 17710183400
30 Sep 17702152390
30 Jun 17686127390
31 Mar 17676121390
31 Dec 16671103380
30 Sep 1666295380
30 Jun 1664489370
31 Mar 1662678380
31 Dec 1561079380
30 Sep 1555265370
30 Jun 1555391360
31 Mar 1555793360
31 Dec 1455789350
30 Sep 14607104360
30 Jun 1460066380
31 Mar 1458156370

Quality Earnings: HIW has a large one-off gain of $69.9M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: HIW's current net profit margins (17.1%) are higher than last year (16.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HIW's earnings have declined by 11.7% per year over the past 5 years.

Accelerating Growth: HIW's earnings growth over the past year (4.2%) exceeds its 5-year average (-11.7% per year).

Earnings vs Industry: HIW earnings growth over the past year (4.2%) exceeded the Office REITs industry -32.7%.

Return on Equity

High ROE: HIW's Return on Equity (6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 08:05
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
David RodgersBaird
Jing Xian Tan BonnelBofA Global Research
James SullivanBTIG