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In the News
Highwoods Properties: Nothing Could Be Finer Than A REIT From Carolina
Highwoods Properties, Inc. is a North Carolina-based office REIT with a strong presence in Sunbelt markets. Highwoods Properties has a well-maintained balance sheet, with strong debt metrics and available liquidity. The company has a development pipeline and a healthy land bank that could result in significant build-out in the coming years.
Is it Wise to Retain Highwoods (HIW) Stock in Your Portfolio?
Favorable Sun Belt office market fundamentals and disciplined capital-recycling strategy to aid Highwoods Properties (HIW) despite competition and elevated interest rates.
Another One Of My Lessons Learned: Perseverance Pays Off
As my followers know, I enjoy writing about the importance of acknowledging past failures and learning from them to avoid similar mistakes in the future. I frequently provide personal examples of avoidable mistakes, such as a bad business partnership and a lack of portfolio diversification. In this article, I will highlight three REITs that are currently undervalued and worth considering: Broadstone Net Lease, Highwoods Properties, and Crown Castle.
Highwoods (HIW) Inks Leases at 23Springs Amid Solid Demand
Amid solid demand for space at 23Springs in Uptown Dallas, Highwoods (HIW) signs 129,000 square feet of additional leases.
Highwoods Properties Q4: Strictly An Income Play While The Sector Recovers
Highwoods Properties has delivered steady and resilient earnings, beating FFO expectations and maintaining a secure dividend. The company has off-loaded properties for a gain and signed new leases, demonstrating activity and potential for growth. Highwoods Properties has a strong balance sheet and is undervalued compared to pre-pandemic levels, making it an attractive investment for income and potential upside.
Highwoods (HIW) Q4 FFO Beat Estimates, '24 View Issued
Highwoods (HIW) reports better-than-anticipated Q4 results, with year-over-year improvement in the bottom line. It has issued its 2024 outlook.
Highwoods Properties (HIW) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Highwoods Properties (HIW) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Highwoods Properties (HIW) Q4 FFO Beat Estimates
Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.99 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to FFO of $0.96 per share a year ago.
Highwoods Properties: Cheap But Now A Hold (Downgrade)
Highwoods Properties has a differentiated location in the Sunbelt, but the slowing movement to this area may limit its growth potential. HIW's results show a slight increase in rental revenue and operating expenses, but a decline in FFO due to higher interest expense. HIW's solid balance sheet and 8.6% dividend yield make it interesting, but its valuation may not increase significantly in the near future.
Highwoods Properties: Fly To Quality With This 8.5% Yield
Pockets of value remain in the market for value investors, including high dividend plays like Highwoods Properties.
HIW Financial details
HIW Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 7.1 | 7.09 | 7.37 | 7.89 | 7.9 | |
Net income per share | 0.52 | 2.52 | 2.13 | 0.56 | 1.41 | |
Operating cash flow per share | 3.53 | 3.45 | 3.98 | 4.01 | 3.67 | |
Free cash flow per share | -0.56 | 3.43 | 2.61 | 4.01 | 2.52 | |
Cash per share | 0.09 | 1.05 | 0.22 | 0.2 | 0.24 | |
Book value per share | 20.76 | 22.49 | 23.77 | 23.56 | 23.06 | |
Tangible book value per share | 22.25 | 23.78 | 25.05 | 24.4 | 23.57 | |
Share holders equity per share | 20.76 | 22.49 | 23.77 | 23.56 | 23.06 | |
Interest debt per share | 25.32 | 26.01 | 29.56 | 31.48 | 31.81 | |
Market cap | 5.07B | 4.12B | 4.65B | 2.94B | 2.42B | |
Enterprise value | 7.61B | 6.48B | 7.41B | 6.12B | 5.61B | |
P/E ratio | 93.92 | 15.74 | 20.92 | 50.22 | 16.29 | |
Price to sales ratio | 6.89 | 5.59 | 6.05 | 3.55 | 2.91 | |
POCF ratio | 13.86 | 11.49 | 11.21 | 6.97 | 6.26 | |
PFCF ratio | -86.8 | 11.57 | 17.06 | 6.98 | 9.1 | |
P/B Ratio | 2.36 | 1.76 | 1.88 | 1.19 | 1 | |
PTB ratio | 2.36 | 1.76 | 1.88 | 1.19 | 1 | |
EV to sales | 10.33 | 8.79 | 9.65 | 7.38 | 6.73 | |
Enterprise value over EBITDA | 17.12 | 13.89 | 15 | 11.54 | 10.61 | |
EV to operating cash flow | 20.79 | 18.08 | 17.88 | 14.5 | 14.5 | |
EV to free cash flow | -130.18 | 18.21 | 27.21 | 14.51 | 21.06 | |
Earnings yield | 0.01 | 0.06 | 0.05 | 0.02 | 0.06 | |
Free cash flow yield | -0.01 | 0.09 | 0.06 | 0.14 | 0.11 | |
Debt to equity | 1.18 | 1.12 | 1.21 | 1.29 | 1.32 | |
Debt to assets | 0.5 | 0.5 | 0.53 | 0.53 | 0.54 | |
Net debt to EBITDA | 5.71 | 5.06 | 5.59 | 5.99 | 6.03 | |
Current ratio | 1.17 | 2.01 | 1.33 | 1.38 | 1.46 | |
Interest coverage | 2.33 | 2.81 | 2.76 | 2.3 | -0.02 | |
Income quality | 2.58 | 1 | 1.28 | 2.57 | 2.56 | |
Dividend Yield | 0.04 | 0.05 | 0.04 | 0.07 | 0.09 | |
Payout ratio | 3.69 | 0.77 | 0.93 | 3.63 | 1.44 | |
Sales general and administrative to revenue | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -1.16 | -0.01 | -0.34 | 0 | -0.31 | |
Capex to revenue | -0.58 | 0 | -0.18 | 0 | -0.14 | |
Capex to depreciation | -1.67 | -0.01 | -0.55 | 0 | -0.4 | |
Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Graham number | 15.6 | 35.7 | 33.76 | 17.19 | 27.04 | |
ROIC | 0.02 | 0.03 | 0.03 | 0.02 | 0 | |
Return on tangible assets | 0.01 | 0.05 | 0.04 | 0.01 | 0.02 | |
Graham Net | -25.29 | -22.85 | -27.29 | -30.77 | -30.6 | |
Working capital | 48.42M | 271.61M | 98.36M | 113.22M | 138.05M | |
Tangible asset value | 2.31B | 2.47B | 2.61B | 2.56B | 2.49B | |
Net current asset value | -2.5B | -2.2B | -2.69B | -3.08B | -3.08B | |
Invested capital | 1.18 | 1.12 | 1.21 | 1.29 | 1.32 | |
Average receivables | 256.62M | 274.9M | 285.88M | 301.88M | 331.87M | |
Average payables | 252.92M | 277.82M | 266.03M | 251.66M | 120M | |
Average inventory | 5.81M | 42.58M | 44M | 6.42M | 5.6M | |
Days sales outstanding | 129.74 | 142.76 | 134.76 | 141 | 150.35 | |
Days payables outstanding | 421.4 | 423.1 | 406.51 | 337.17 | 0 | |
Days of inventory on hand | 7.69 | 125.83 | 12.48 | 6.67 | 8.75 | |
Receivables turnover | 2.81 | 2.56 | 2.71 | 2.59 | 2.43 | |
Payables turnover | 0.87 | 0.86 | 0.9 | 1.08 | 0 | |
Inventory turnover | 47.45 | 2.9 | 29.25 | 54.72 | 41.7 | |
ROE | 0.03 | 0.11 | 0.09 | 0.02 | 0.06 | |
Capex per share | -4.09 | -0.02 | -1.36 | 0 | -1.14 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.01 | 2.02 | 1.97 | 1.96 | 1.96 | |
Net income per share | 0 | 0.42 | 0.07 | 0.22 | 0.37 | |
Operating cash flow per share | 0.97 | 0.62 | 1.09 | 0.98 | 0.97 | |
Free cash flow per share | 0.39 | 0.18 | 0.71 | 0.63 | 0.47 | |
Cash per share | 0.2 | 0.15 | 0.16 | 0.16 | 0.24 | |
Book value per share | 23.54 | 23.58 | 23.43 | 23.21 | 23.02 | |
Tangible book value per share | 24.38 | 24.14 | 24.01 | 23.68 | 23.53 | |
Share holders equity per share | 23.54 | 23.58 | 23.43 | 23.21 | 23.02 | |
Interest debt per share | 30.74 | 31.31 | 30.65 | 30.72 | 30.8 | |
Market cap | 2.94B | 2.44B | 2.52B | 2.18B | 2.43B | |
Enterprise value | 6.12B | 5.69B | 5.7B | 5.37B | 5.62B | |
P/E ratio | -1.71K | 13.73 | 91.66 | 23.96 | 15.71 | |
Price to sales ratio | 13.9 | 11.48 | 12.16 | 10.52 | 11.73 | |
POCF ratio | 28.89 | 37.18 | 21.84 | 21.13 | 23.61 | |
PFCF ratio | 71.89 | 131.57 | 33.62 | 32.58 | 48.57 | |
P/B Ratio | 1.19 | 0.98 | 1.02 | 0.89 | 1 | |
PTB ratio | 1.19 | 0.98 | 1.02 | 0.89 | 1 | |
EV to sales | 28.9 | 26.74 | 27.51 | 25.95 | 27.15 | |
Enterprise value over EBITDA | 45.61 | 41.61 | 42.62 | 40.58 | 44.53 | |
EV to operating cash flow | 60.05 | 86.64 | 49.39 | 52.14 | 54.63 | |
EV to free cash flow | 149.45 | 306.6 | 76.04 | 80.39 | 112.37 | |
Earnings yield | 0 | 0.02 | 0 | 0.01 | 0.02 | |
Free cash flow yield | 0.01 | 0.01 | 0.03 | 0.03 | 0.02 | |
Debt to equity | 1.29 | 1.31 | 1.29 | 1.31 | 1.32 | |
Debt to assets | 0.53 | 0.54 | 0.53 | 0.53 | 0.54 | |
Net debt to EBITDA | 23.67 | 23.75 | 23.78 | 24.13 | 25.28 | |
Current ratio | 1.38 | 1.59 | 1.46 | 1.41 | 1.46 | |
Interest coverage | 1.99 | 1.99 | 1.72 | -0.01 | 1.32 | |
Income quality | 3.5 | 1.46 | 2.63 | 4.45 | 2.61 | |
Dividend Yield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
Payout ratio | -123.76 | 1.2 | 7.76 | 2.35 | 1.38 | |
Sales general and administrative to revenue | 0.05 | 0.06 | 0.05 | 0.04 | 0.06 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -0.6 | -0.72 | -0.35 | -0.35 | -0.51 | |
Capex to revenue | -0.29 | -0.22 | -0.2 | -0.17 | -0.26 | |
Capex to depreciation | -0.81 | -0.66 | -0.54 | -0.48 | -0.67 | |
Stock based compensation to revenue | 0 | 0.02 | 0 | 0 | 0 | |
Graham number | 1.47 | 14.97 | 5.86 | 10.6 | 13.76 | |
ROIC | 0 | 0.01 | 0 | 0 | 0 | |
Return on tangible assets | 0 | 0.01 | 0 | 0 | 0.01 | |
Graham Net | -30.75 | -31 | -30.58 | -30.72 | -30.55 | |
Working capital | 113.22M | 155.64M | 137.21M | 126.31M | 138.05M | |
Tangible asset value | 2.56B | 2.54B | 2.53B | 2.5B | 2.49B | |
Net current asset value | -3.08B | -3.11B | -3.06B | -3.09B | -3.08B | |
Invested capital | 1.29 | 1.31 | 1.29 | 1.31 | 1.32 | |
Average receivables | 315.21M | 323.92M | 330.93M | 338.93M | 343.59M | |
Average payables | 259.09M | 238.96M | 255.22M | 279.61M | 143.35M | |
Average inventory | 5.39M | 5.32M | 5.63M | 4.58M | 5.13M | |
Days sales outstanding | 136.12 | 138.6 | 145.11 | 149.34 | 149.47 | |
Days payables outstanding | 309.98 | 325.77 | 369.9 | 384.02 | 0 | |
Days of inventory on hand | 6.13 | 8.08 | 7.26 | 5.1 | 8.34 | |
Receivables turnover | 0.66 | 0.65 | 0.62 | 0.6 | 0.6 | |
Payables turnover | 0.29 | 0.28 | 0.24 | 0.23 | 0 | |
Inventory turnover | 14.68 | 11.14 | 12.39 | 17.64 | 10.79 | |
ROE | 0 | 0.02 | 0 | 0.01 | 0.02 | |
Capex per share | -0.58 | -0.45 | -0.38 | -0.34 | -0.5 |
HIW Frequently Asked Questions
What is Highwoods Properties, Inc. stock symbol ?
Highwoods Properties, Inc. is a US stock , located in Raleigh of Nc and trading under the symbol HIW
Is Highwoods Properties, Inc. buy or a sell ?
2 stock analysts have 2 predictions with a medium analyst target price of $34. The lowest prediction is $22 and the highest is $46
What is HIW stock prediction ?
What is Highwoods Properties, Inc. stock quote today ?
Highwoods Properties, Inc. stock price is $26.225 today.
Is Highwoods Properties, Inc. stock public?
Yes, Highwoods Properties, Inc. is a publicly traded company.