US · HIW
Highwoods Properties, Inc.
- Sector
- Real Estate · REIT - Office
- Headquarters
- Raleigh, NC 27604
- Website
- highwoods.com
Price · as of 2025-12-31
$24.71
Market cap 2.47B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $23.05 | -6.72% |
| Intrinsic Value(DCF) | $9.75 | -60.54% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $8.59 | -65.25% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $14.97 | $30.57 | $10.13 | $0.00 | $7.58 |
| 2012 | $19.24 | $17.82 | $0.18 | $0.00 | $15.37 |
| 2013 | $19.80 | $19.77 | $0.00 | $0.00 | $22.92 |
| 2014 | $23.88 | $17.53 | $0.00 | $0.00 | $20.70 |
| 2015 | $26.37 | $19.23 | $0.00 | $0.00 | $7.77 |
| 2016 | $29.24 | $28.71 | $0.00 | $22.52 | $94.25 |
| 2017 | $27.63 | $30.63 | $0.00 | $0.00 | $24.35 |
| 2018 | $28.91 | $28.10 | $0.00 | $1.92 | $17.32 |
| 2019 | $32.13 | $21.94 | $1.07 | $0.00 | $13.51 |
| 2020 | $31.20 | $22.73 | $0.35 | $10.07 | $27.83 |
| 2021 | $32.80 | $22.72 | $2.40 | $9.05 | $36.51 |
| 2022 | $18.66 | $19.51 | $0.39 | $0.78 | $23.88 |
| 2023 | $21.55 | $24.21 | $0.00 | $0.00 | $12.27 |
| 2024 | $27.37 | $29.22 | $0.00 | $0.00 | $6.91 |
| 2025 | $22.62 | $23.05 | $1.00 | $0.00 | $8.59 |
AI valuation
Our deep-learning model estimates Highwoods Properties, Inc.'s (HIW) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $23.05
- Current price
- $24.71
- AI upside
- -6.72%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$9.75
-60.54% upside
Graham-Dodd
—
— upside
Graham Formula
$8.59
-65.25% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| HIW | Highwoods Properties, Inc… | $24.71 | 2.47B | -7% | -61% | — | -65% | 33151.75 | 1.03 | 3.04 | 9.94 | 61103.23 | 1.15 | 67.58% | 25.99% | 19.80% | 0.00% | 3.61% | 0.00% | 1.53 | 1.37 | 42.45 | 43.83 | 5.92 | 5426.00% | -239.00% | -5873.00% | 6.79% | 41.73 | 2.87% | 8.93% | 296063.50% | 9.02% | 28.94 | 36.40 | 7.52 | 0.50 |
| BXMT | Blackstone Mortgage Trust… | $19.21 | 3.24B | +331% | -59% | — | — | — | 0.96 | 2.21 | 16.36 | — | 0.99 | 76.86% | 71.65% | 7.20% | 0.00% | 5.49% | 0.00% | 4.62 | 1.10 | 8.71 | 8.71 | 13.48 | -15470.00% | -1396.00% | -2460.00% | 8.21% | 0.13 | 1.44% | 9.61% | — | 12.87% | 17.51 | 69.18 | 12.55 | 1.21 |
| CDP | COPT Defense Properties | $31.78 | 3.6B | -4% | -57% | -36% | -60% | 22.64 | 2.38 | 4.73 | 15.04 | 253.15 | 2.42 | 15.43% | 30.16% | 19.94% | 10.61% | 5.80% | 3.56% | 1.86 | 2.66 | 5.51 | 5.51 | 6.21 | 894.00% | 141.00% | 344.00% | 8.58% | 3.34 | 7.80% | 0.00% | 0.00% | 0.00% | 26.70 | 19.84 | 8.05 | 1.13 |
| LXP | LXP Industrial Trust | $49.56 | 2.93B | -35% | -60% | -95% | -76% | 26.92 | 1.41 | 8.18 | 10.87 | 14.96 | 1.66 | -30.66% | 14.04% | 32.31% | 5.15% | 1.46% | 2.89% | 0.67 | 0.83 | 85.31 | 85.31 | 3.21 | 18000.00% | -230.00% | -1530.00% | 5.72% | 62.28 | 4.90% | 5.73% | 154.30% | 11.39% | 82.69 | 24.82 | 11.61 | 0.84 |
| MPW | Medical Properties Trust,… | $5.36 | 3.22B | +215% | -58% | — | — | -1.41 | 0.70 | 3.40 | 14.25 | -0.42 | 0.84 | 97.26% | 38.86% | -242.11% | -38.64% | 2.49% | -14.78% | 1.85 | — | 1.55 | 1.39 | 10.23 | 33226.00% | 1419.00% | -5147.00% | 7.25% | 0.29 | 1.58% | 9.49% | -13.30% | 50.21% | 30.97 | 48.81 | 12.03 | 0.05 |
| NMRK | Newmark Group, Inc. | $14.52 | 2.59B | +874% | +55% | -39% | +41% | — | 1.44 | 0.76 | 6.87 | — | 2.90 | 94.57% | 7.01% | 3.78% | 0.00% | 7.07% | 0.00% | 0.38 | 7.20 | 1.05 | 0.51 | 1.07 | 10000.00% | 2186.00% | -49949.00% | 6.80% | 0.09 | 6.74% | 0.00% | — | 54.65% | 12.19 | 16.59 | 0.85 | 1.31 |
| OUT | Outfront Media Inc. | $28.81 | 4.82B | +11% | -57% | — | -75% | 33.21 | 6.87 | 2.66 | 13.97 | — | -2.56 | 32.36% | 17.00% | 8.03% | 19.88% | 8.91% | 2.79% | 2.18 | 2.13 | 0.92 | 0.18 | 3.20 | -4710.00% | 4.00% | -104.00% | 4.48% | 0.56 | 6.35% | 4.31% | 143.10% | 55.90% | 20.33 | 28.93 | 3.46 | 1.17 |
| PSA | Public Storage | $307.06 | 53.89B | -25% | -48% | — | -64% | 30.36 | 5.90 | 11.31 | 19.87 | — | 6.06 | 24.96% | 46.73% | 36.99% | 18.96% | 11.93% | 8.99% | 1.11 | 7.40 | 0.75 | 0.75 | 3.06 | -1532.00% | 274.00% | 697.00% | 5.31% | 5.20 | 15.33% | 4.22% | 128.20% | 4.22% | 28.61 | 22.26 | 13.37 | 3.53 |
| VNO | Vornado Realty Trust | $27.58 | 5.26B | +12% | -60% | +41% | +59% | 5.60 | 0.88 | 2.90 | 6.96 | 0.05 | 0.89 | 100.00% | 15.03% | 49.99% | 16.82% | 2.03% | 5.95% | 1.32 | 0.77 | 1.80 | 1.67 | 3.99 | 1040000.00% | 127.00% | 13402.00% | 23.97% | 1.15 | 9.52% | 3.87% | 21.70% | 27.97% | 45.18 | 9.77 | 6.79 | 0.29 |
About Highwoods Properties, Inc.
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
- CEO
- Theodore J. Klinck
- Employees
- 350
- Beta
- 1.07
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($9.75 ÷ $24.71) − 1 = -60.54% (DCF, example).