Other · S&P 500 · data as of 2026-10-05

HIW stock analysis: HIW

Q: Does HIW pay a dividend?

Yes. Its dividend yield is about 6.78%.

HIW (HIW) is an S&P 500 company in Other. It grades weakest on growth.

The model's view of HIW · subscribers

Where HIW ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with HIW · updated 2026-10-05 · from prices and SEC filings

Next results expected around Oct 26, based on the company's filing history.
Shares fell 4.9% over the past month, behind the S&P 500 (+0.4%) and behind its sector (-4.1%).

HIW price performance

HIW against the S&P 500, one year

Year to date+20.9%S&P 500 +14.5% · ahead by 6.4 pts

1 year-2.0%S&P 500 +17.0% · behind by 19.1 pts

3 years+89.4%S&P 500 +89.3% · ahead by 0.1 pts

5 years-5.9%S&P 500 +91.3% · behind by 97.2 pts

Total returns with dividends reinvested.

HIW factor grades

Each grade compares HIW with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 35.1x (industry 20.1x)FCF yield 11.6% (industry 6.0%)

DGrowthRevenue growth +1% (industry +8%)EPS growth -48% (industry +10%)

B+ProfitabilityOperating margin 67.4% (industry 9.6%)ROIC 18.7% (industry 10.1%)

C+Momentum12-month change -2%From 52-wk high -13%

HIW in plain numbers

Its operating margin is 67% (operating profit per dollar of sales), higher than 748 of the other 751 Other companies Torvanta covers.
Earnings per share fell 48% over the last 12 months, a bigger decline than 647 of the other 764 Other companies Torvanta covers.
Its free cash flow over the last 12 months equals 11.6% of its market value, higher than 754 of the other 933 Other companies Torvanta covers.
Revenue grew 1% over the last 12 months, slower than 719 of the other 916 Other companies Torvanta covers.

HIW key statistics

SectorOther

Industryn/a

IndexS&P 500

Market value$3.3B

Revenue growth (y/y)+1%

Free-cash-flow yield11.6%

Dividend yield6.8%

Next earnings (expected)2026-10-26

Valuation measures

Market value	$3.3B
Enterprise value	$3.2B
P/E (trailing)	35.1x
Forward P/E (Torvanta estimate)	37.8x
Price / sales	4.0x
Price / book	1.4x
EV / revenue	3.9x
EV / EBITDA	3.8x

Financial highlights

Revenue, last 12 months	$819.8M
Net income, last 12 months	$96.0M
EPS, last 12 months (GAAP)	$0.84
Operating margin	67.4%
Net margin	11.7%
Return on equity	4.0%
Return on invested capital	18.7%
Cash	$32.4M
Total debt	$0
Interest cover	3.5x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

HIW earnings trends

Revenue vs earnings

Earnings per share Change from a year earlier: Jun 2025 -71% · Sep 2025 -14% · Mar 2026 -68%

From the company's 10-Q and 10-K filings with the SEC.

HIW financials (from SEC filings)

Fiscal year	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$768.0M	$828.9M	$834.0M	$825.9M	$806.1M
Net income	$323.3M	$164.0M	$151.3M	$104.3M	$162.7M
EPS (GAAP)	$2.97	$1.48	$1.39	$0.94	$1.46

About HIW

HeadquartersRaleigh, NC

Industry (SEC code)Real Estate Investment Trusts

Fiscal year endsDecember 31

Incorporated inMD

Listed onNYSE

FormerlyHIGHWOODS PROPERTIES INC

From the company's SEC registration record.

Companies similar to HIW

Company	Market value	P/E	Revenue growth	Operating margin	12-month change
HIW HIW	$3.3B	35.1x	+1%	67.4%	-2%
AWR AWR	$3.2B	22.4x	+13%	31.8%	+19%	compare
EXPO EXPO	$3.3B	30.8x	+13%	20.2%	+4%	compare
PRK PRK	$3.3B	16.2x	+12%	n/a	+16%	compare
LRN LRN	$3.3B	11.0x	+5%	17.9%	-45%
SFNC SFNC	$3.3B	n/a	n/a	n/a	+22%
LBRT LBRT	$3.3B	26.5x	+2%	1.3%	+54%

All Other stock ratings

Frequently asked questions

Is HIW stock a buy?

Torvanta does not tell individuals what to buy. Its grades for HIW are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is HIW's P/E ratio?

HIW trades at about 35.1 times its last 12 months of GAAP earnings reported to the SEC, and about 37.8 times Torvanta's own estimate of the next 12 months.

When does HIW report earnings next?

Based on its filing history, Torvanta expects HIW to report around 2026-10-26.

Does HIW pay a dividend?

Yes. Its dividend yield is about 6.8%.

How has HIW performed against the S&P 500?

Over the past year HIW returned -2.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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