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Highwoods Properties, Inc. (HIW)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US4312841087
CUSIP
431284108
IPO Date
Jun 7, 1994

Highlights

Market Cap
$2.35B
Enterprise Value
$5.97B
EPS (TTM)
$1.45
PE Ratio
14.77
Total Revenue (TTM)
$806.11M
Gross Profit (TTM)
$544.74M
EBITDA (TTM)
$610.04M
Year Range
$20.45 - $32.76
Target Price
$32.33
ROA (TTM)
2.54%
ROE (TTM)
6.71%

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Highwoods Properties, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Highwoods Properties, Inc. (HIW) has returned -15.25% so far this year and -22.32% over the past 12 months. Over the last ten years, HIW has returned -2.36% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Highwoods Properties, Inc.

1D
2.44%
1M
-4.80%
YTD
-15.25%
6M
-30.03%
1Y
-22.32%
3Y*
5.33%
5Y*
-7.32%
10Y*
-2.36%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 8, 1994, HIW's average daily return is +0.05%, while the average monthly return is +0.76%. At this rate, your investment would double in approximately 7.6 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%-15.25%
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 1.25%, beta of 1.00, and R² of 0.34 versus S&P 500 Index. Calculated based on daily prices since June 09, 1994.

  • This stock participated in 94.25% of S&P 500 Index downside but only 84.17% 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
1.25%
Beta
1.00
0.34
Upside Capture
84.17%
Downside Capture
94.25%

Return for Risk

Risk / Return Rank

HIW ranks 12 for risk / return — in the bottom 12% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


HIW Risk / Return Rank: 1212
Overall Rank
HIW Sharpe Ratio Rank: 88
Sharpe Ratio Rank
HIW Sortino Ratio Rank: 1111
Sortino Ratio Rank
HIW Omega Ratio Rank: 1111
Omega Ratio Rank
HIW Calmar Ratio Rank: 2020
Calmar Ratio Rank
HIW Martin Ratio Rank: 99
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 a chosen benchmark (S&P 500 Index).


HIWBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.81

0.90

-1.70

Sortino ratio

Return per unit of downside risk

-0.99

1.39

-2.38

Omega ratio

Gain probability vs. loss probability

0.87

1.21

-0.34

Calmar ratio

Return relative to maximum drawdown

-0.62

1.40

-2.02

Martin ratio

Return relative to average drawdown

-1.47

6.61

-8.08

Explore HIW risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Highwoods Properties, Inc. provided a 9.34% 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

9.34%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$0.50
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 9.34%, which means its dividend payment is significantly above the market average.

Payout Ratio

Highwoods Properties, Inc. has a payout ratio of 137.26%, 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 39.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-63.47%Feb 23, 2007442Nov 20, 2008867May 2, 20121309
-58.93%Feb 18, 2020930Oct 25, 2023
-36.71%Jan 5, 1998491Dec 14, 1999530Jan 28, 20021021
-31.41%Apr 11, 2002155Nov 18, 2002221Oct 6, 2003376
-26.43%Jul 9, 2018118Dec 24, 2018234Nov 27, 2019352

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 14.8. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

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 2.9. 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 1.0. 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