Wall Street analyst estimates for Highwoods Properties, Inc. (HIW): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
Highwoods Properties, Inc., based in Raleigh, operates as an S&P MidCap 400 Index constituent. This publicly listed Real Estate Investment Trust (REIT), whose shares trade on the NYSE under the ticker HIW, focuses exclusively on office properties. Highwoods is a comprehensively integrated company, handling all aspects of its real estate portfolio from initial acquisition and development to leasing and day-to-day management.
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-27 | $0.20 | ||
| 2026-07-28 | $0.85 | $0.43 | +98.4% |
| 2026-04-28 | $0.29 | $0.84 | -65.5% |
| 2026-02-10 | $0.26 | $0.84 | -69.0% |
| 2025-10-28 | $0.12 | $0.14 | -14.3% |
| 2025-07-29 | $0.17 | $0.17 | +2.0% |
| 2025-04-29 | $0.91 | $0.82 | +11.0% |
| 2025-02-11 | $-0.03 | $0.11 | -126.3% |
Valuation Ratios
| P/E Ratio | 19.52 |
| Price / Book | 1.37 |
| EV / EBITDA | 10.51 |
| Dividend Yield | 6.74% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $665.6M | $702.7M | $720.0M | $736.0M | $736.9M | $768.0M | $828.9M | $834.0M | $825.9M | $806.1M |
| Cost of Revenue | $231.1M | $236.9M | $242.4M | $248.5M | $231.8M | $236.4M | $259.8M | $268.8M | $272.2M | $261.4M |
| Gross Profit | $434.5M | $465.8M | $477.6M | $487.5M | $505.1M | $531.6M | $569.1M | $565.2M | $553.7M | $544.7M |
| Research & Development | $1 | $0 | $0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $38.2M | $39.6M | $40.0M | $44.1M | $41.0M | $40.6M | $42.3M | $42.9M | $41.9M | $40.3M |
| Operating Expenses | $258.3M | $267.5M | $270.0M | $298.6M | $282.6M | $299.8M | $329.9M | $342.3M | $340.9M | $335.3M |
| Operating Income | $176.3M | $198.4M | $207.7M | $188.9M | $222.5M | $231.8M | $239.2M | $222.9M | $212.7M | $209.5M |
| EBITDA | $342.7M | $419.5M | $407.6M | $477.8M | $680.5M | $668.4M | $557.0M | $587.5M | $550.5M | $610.0M |
| Interest Expense | $76.6M | $69.1M | $71.4M | $81.6M | $81.0M | $85.9M | $105.4M | $136.7M | $147.2M | $152.4M |
| Pre-tax Income | $122.5M | $191.7M | $177.6M | $141.7M | $357.9M | $323.3M | $164.0M | $151.3M | $104.3M | $162.7M |
| Income Tax | -$317.3M | $84.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | $524.3M | $185.4M | $171.8M | $136.9M | $347.4M | $313.3M | $159.1M | $148.7M | $102.2M | $159.6M |
| EPS | $5.30 | $1.78 | $1.66 | $0.52 | $3.32 | $2.98 | $1.49 | $1.39 | $0.94 | $1.45 |
| EPS (Diluted) | $5.30 | $1.78 | $1.62 | $0.51 | $3.32 | $2.98 | $1.49 | $1.39 | $0.94 | $1.45 |
| Shares Outstanding (Diluted) | $101.4M | $105.6M | $106.3M | $106.4M | $106.7M | $107.1M | $105.1M | $107.8M | $108.3M | $110.6M |
Price
| Price | $29.49 |
| Market Cap | $3.3B |
| Exchange | NYSE |
| Country | US |
Related companies: BXMT · CDP · LXP · MPW · NMRK · OUT · PSA
Explore sector: Real Estate · REIT - Office
More sections of HIW: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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