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ISIN
US4312841087
CUSIP
431284108
IPO Date
Jun 7, 1994

Highlights

Market Cap
$3.29B
Enterprise Value
$3.26B
EPS (TTM)
$0.55
PE Ratio
53.55
Total Revenue (TTM)
$605.73M
Gross Profit (TTM)
$409.39M
EBITDA (TTM)
$478.95M
Year Range
$20.45 - $32.76
Target Price
$27.00
ROA (TTM)
0.92%
ROE (TTM)
2.56%

Share Price Chart


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Performance

HIW Performance Chart

Highwoods Properties, Inc. (HIW) is up 18.6% since the beginning of the year. At $29 per share, HIW is trading 10.3% below its 52-week high of $33. Investors who bought $1,000 worth of HIW shares 5 years ago would now be looking at an investment worth $911.


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S&P 500 Index

Returns By Period

Highwoods Properties, Inc. (HIW) has returned 18.63% so far this year and 0.50% over the past 12 months. Over the last ten years, HIW has returned 0.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Highwoods Properties, Inc.

1D
0.34%
1M
14.54%
YTD
18.63%
6M
19.98%
1Y
0.50%
3Y*
20.35%
5Y*
-1.84%
10Y*
0.44%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIW Monthly Returns History

Based on dividend-adjusted daily data since Jun 8, 1994, HIW's average daily return is +0.05%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +30.5%, while the worst month was Oct 2008 at -30.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HIW closed higher 49% of trading days. The best single day was Nov 24, 2008 with a return of +23.3%, while the worst single day was Dec 1, 2008 at -25.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.12%-11.07%-4.80%13.55%9.51%12.57%18.63%
2025-2.58%-0.51%1.75%-4.05%6.15%4.68%-6.69%10.58%0.92%-10.03%-1.20%-7.12%-9.61%
20240.04%8.73%7.08%0.08%1.00%1.16%17.89%5.70%4.00%0.09%-1.67%-5.79%43.11%
20238.54%-11.23%-12.49%-1.16%-7.54%15.62%5.69%-3.58%-13.51%-13.20%8.82%21.16%-10.14%
2022-3.30%2.28%4.91%-10.71%-2.53%-12.98%4.04%-13.24%-11.34%4.71%7.45%-6.11%-33.58%
2021-5.40%7.85%7.46%4.31%3.12%-1.12%5.58%-3.14%-4.01%2.23%-2.63%3.22%17.63%

Benchmark Metrics

Highwoods Properties, Inc. has an annualized alpha of 1.94%, beta of 1.00, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since June 08, 1994.

  • This stock participated in 92.07% of S&P 500 Index downside but only 85.40% of its upside - more exposed to losses than it benefited from rallies.
  • R2 of 0.34 means the benchmark explains less than half of this stock's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha
1.94%
Beta
1.00
0.34
Upside Capture
85.40%
Downside Capture
92.07%

Return for Risk

Risk / Return Rank

HIW ranks 40 for risk / return — below 40% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


HIW Risk / Return Rank: 4040
Overall Rank
HIW Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
HIW Sortino Ratio Rank: 3636
Sortino Ratio Rank
HIW Omega Ratio Rank: 3636
Omega Ratio Rank
HIW Calmar Ratio Rank: 4242
Calmar Ratio Rank
HIW Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Highwoods Properties, Inc. (HIW) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


HIWBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-2.01

Sortino ratioReturn per unit of downside risk

-2.55

Omega ratioGain probability vs. loss probability

1.03

1.37

-0.34

Calmar ratioReturn relative to maximum drawdown

0.01

2.78

-2.77

Martin ratioReturn relative to average drawdown

0.03

12.44

-12.41

Dividends

Dividend History

Highwoods Properties, Inc. provided a 6.81% dividend yield over the last twelve months, with an annual payout of $2.00 per share. The company has been increasing its dividends for 8 consecutive years.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%$0.00$0.50$1.00$1.50$2.00$2.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$2.00$2.00$2.00$2.00$2.00$1.96$1.92$1.90$1.85$1.76$2.50$1.70

Dividend yield

6.81%7.75%6.54%8.71%7.15%4.40%4.84%3.88%4.78%3.46%4.90%3.90%

Monthly Dividends

The table displays the monthly dividend distributions for Highwoods Properties, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.50$0.00$0.00$0.50$0.00$1.00
2025$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$2.00
2024$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$2.00
2023$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$2.00
2022$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$0.00$0.50$0.00$2.00
2021$0.00$0.48$0.00$0.00$0.48$0.00$0.00$0.50$0.00$0.00$0.50$0.00$1.96

Dividend Yield & Payout


Dividend Yield

Highwoods Properties, Inc. has a dividend yield of 6.81%, which means its dividend payment is significantly above the market average.

Payout Ratio

Highwoods Properties, Inc. has a payout ratio of 361.83%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Highwoods Properties, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Highwoods Properties, Inc. was 63.47%, occurring on Nov 20, 2008. Recovery took 867 trading sessions.

The current Highwoods Properties, Inc. drawdown is 15.24%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-63.47%Nov 2008
1y 9mo3y 5mo
5y 2moFeb 2007 - May 2012
2023 bear market2023
-58.93%Oct 2023
3y 8mo
6y 4moFeb 2020 - now
1999 bear market1999
-36.71%Dec 1999
1y 11mo2y 1mo
4y 24dJan 1998 - Jan 2002
Dot-com crash2000–2002
-31.41%Nov 2002
7mo 11d10mo 22d
1y 5moApr 2002 - Oct 2003
Rate-hike selloffLate 2018
-26.43%Dec 2018
5mo 18d11mo 8d
1y 4moJul 2018 - Nov 2019

Drawdown Indicators


HIWBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-63.47%

-56.78%

-6.69%

Max Drawdown (1Y)

Largest decline over 1 year

-34.03%

-9.10%

-24.93%

Max Drawdown (3Y)

Largest decline over 3 years

-37.09%

-18.90%

-18.19%

Max Drawdown (5Y)

Largest decline over 5 years

-58.22%

-25.43%

-32.79%

Max Drawdown (10Y)

Largest decline over 10 years

-58.93%

-33.92%

-25.01%

Current Drawdown

Current decline from peak

-15.24%

-1.80%

-13.44%

Average Drawdown

Average peak-to-trough decline

-14.58%

-10.71%

-3.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.91%

2.03%

+14.88%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Highwoods Properties, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Highwoods Properties, Inc. is priced in the market compared to other companies in the REIT - Office industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for HIW, comparing it with other companies in the REIT - Office industry. Currently, HIW has a P/E ratio of 53.5. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for HIW relative to other companies in the REIT - Office industry. Currently, HIW has a P/S ratio of 5.4. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for HIW in comparison with other companies in the REIT - Office industry. Currently, HIW has a P/B value of 1.4. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items
Portfolio Analyzer

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