Highwoods Properties, Inc. (HIW) Valuation — DCF, Graham & Comparables

Highwoods Properties, Inc. (HIW) — Price $29.49 — Real Estate — REIT - Office — NYSE

Latest reported results:

Valuation dashboard for Highwoods Properties, Inc. (HIW) with P/E 19.52, P/B 1.37, EV/EBITDA 10.51 and dividend yield 6.74%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.

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.

Analysis Summary

Highwoods Properties, Inc. reported revenue of $806.1M in the most recent fiscal year, growing at a 5-year CAGR of 1.8%. Net income reached $159.6M, with a -14.4% 5-year CAGR.

Trailing-twelve-month margins: gross margin 67.2%, operating margin 25.8%, net margin 20.2%.

At the current price of $29.49, HIW trades at a P/E of 19.52 and an ROE of 6.71%. Market capitalisation stands at $3.3B.

Balance sheet quality for HIW: current ratio of 42.4. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio19.52
Price / Book1.37
EV / EBITDA10.51
Dividend Yield6.74%

Valuation Models

DCF Fair Value$93.36
vs Current Price+216.6%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
HIWHighwoods Properties, Inc.$3.2B19.521.376.7%
PSAPublic Storage$52.9B27.085.4222.1%
VNOVornado Realty Trust$6.3B1,074.761.071.1%
OUTOutfront Media Inc.$4.9B20.217.2935.9%
CDPCOPT Defense Properties$3.8B23.152.4810.8%
LXPLXP Industrial Trust$3.6B60.951.823.2%

Price

Price$29.49
Market Cap$3.3B
ExchangeNYSE
CountryUS

Profitability

Return on Equity6.71%
Return on Invested Capital24.78%
Return on Assets2.54%
Gross Margin67.21%
Operating Margin25.76%
Net Margin20.19%

Related companies: BXMT · CDP · LXP · MPW · NMRK · OUT · PSA

Explore sector: Real Estate · REIT - Office

More sections of HIW: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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