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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Equity to Asset 0.39
HIW's Equity to Asset is ranked lower than
70% of the 600 Companies
in the Global REIT - Office industry.

( Industry Median: 0.47 vs. HIW: 0.39 )
Ranked among companies with meaningful Equity to Asset only.
HIW' s 10-Year Equity to Asset Range
Min: 0.31  Med: 0.41 Max: 0.66
Current: 0.39
0.31
0.66
Interest Coverage 1.75
HIW's Interest Coverage is ranked lower than
68% of the 473 Companies
in the Global REIT - Office industry.

( Industry Median: 2.89 vs. HIW: 1.75 )
Ranked among companies with meaningful Interest Coverage only.
HIW' s 10-Year Interest Coverage Range
Min: 0.94  Med: 1.40 Max: 3.17
Current: 1.75
0.94
3.17
F-Score: 6
Z-Score: 0.23
M-Score: -2.65
WACC vs ROIC
5.85%
4.49%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 25.74
HIW's Operating margin (%) is ranked lower than
69% of the 613 Companies
in the Global REIT - Office industry.

( Industry Median: 45.61 vs. HIW: 25.74 )
Ranked among companies with meaningful Operating margin (%) only.
HIW' s 10-Year Operating margin (%) Range
Min: 20.63  Med: 26.54 Max: 58.38
Current: 25.74
20.63
58.38
Net-margin (%) 19.27
HIW's Net-margin (%) is ranked lower than
67% of the 613 Companies
in the Global REIT - Office industry.

( Industry Median: 36.72 vs. HIW: 19.27 )
Ranked among companies with meaningful Net-margin (%) only.
HIW' s 10-Year Net-margin (%) Range
Min: 7.1  Med: 18.55 Max: 31.43
Current: 19.27
7.1
31.43
ROE (%) 7.82
HIW's ROE (%) is ranked higher than
55% of the 616 Companies
in the Global REIT - Office industry.

( Industry Median: 7.02 vs. HIW: 7.82 )
Ranked among companies with meaningful ROE (%) only.
HIW' s 10-Year ROE (%) Range
Min: 0.76  Med: 4.82 Max: 9.32
Current: 7.82
0.76
9.32
ROA (%) 3.04
HIW's ROA (%) is ranked lower than
52% of the 623 Companies
in the Global REIT - Office industry.

( Industry Median: 3.27 vs. HIW: 3.04 )
Ranked among companies with meaningful ROA (%) only.
HIW' s 10-Year ROA (%) Range
Min: 1.09  Med: 2.44 Max: 3.81
Current: 3.04
1.09
3.81
ROC (Joel Greenblatt) (%) 6.17
HIW's ROC (Joel Greenblatt) (%) is ranked lower than
60% of the 507 Companies
in the Global REIT - Office industry.

( Industry Median: 11.46 vs. HIW: 6.17 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
HIW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.54  Med: 5.22 Max: 11.69
Current: 6.17
3.54
11.69
Revenue Growth (3Y)(%) 0.80
HIW's Revenue Growth (3Y)(%) is ranked lower than
52% of the 424 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. HIW: 0.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
HIW' s 10-Year Revenue Growth (3Y)(%) Range
Min: -9.7  Med: -0.80 Max: 25.6
Current: 0.8
-9.7
25.6
EBITDA Growth (3Y)(%) 4.50
HIW's EBITDA Growth (3Y)(%) is ranked higher than
51% of the 376 Companies
in the Global REIT - Office industry.

( Industry Median: 4.20 vs. HIW: 4.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
HIW' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: -3.20 Max: 4.9
Current: 4.5
0
4.9
EPS Growth (3Y)(%) 41.50
HIW's EPS Growth (3Y)(%) is ranked higher than
81% of the 316 Companies
in the Global REIT - Office industry.

( Industry Median: 4.90 vs. HIW: 41.50 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
HIW' s 10-Year EPS Growth (3Y)(%) Range
Min: -72  Med: 0.00 Max: 41.5
Current: 41.5
-72
41.5
» HIW's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

HIW Guru Trades in Q3 2014

Chris Davis 222,167 sh (+11.90%)
Richard Snow 79,932 sh (-1.11%)
» More
Q4 2014

HIW Guru Trades in Q4 2014

Jim Simons 458,100 sh (New)
Richard Snow 128,732 sh (+61.05%)
Chris Davis 217,867 sh (-1.94%)
» More
Q1 2015

HIW Guru Trades in Q1 2015

Chris Davis 273,417 sh (+25.50%)
Richard Snow 132,437 sh (+2.88%)
Jim Simons 466,500 sh (+1.83%)
» More
Q2 2015

HIW Guru Trades in Q2 2015

Richard Snow 228,912 sh (+72.85%)
Chris Davis 264,894 sh (-3.12%)
Jim Simons 422,000 sh (-9.54%)
» More
» Details

Insider Trades

Latest Guru Trades with HIW

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 30.40
HIW's P/E(ttm) is ranked lower than
74% of the 501 Companies
in the Global REIT - Office industry.

( Industry Median: 15.90 vs. HIW: 30.40 )
Ranked among companies with meaningful P/E(ttm) only.
HIW' s 10-Year P/E(ttm) Range
Min: 20.58  Med: 42.77 Max: 157.1
Current: 30.4
20.58
157.1
Forward P/E 34.48
HIW's Forward P/E is ranked lower than
77% of the 319 Companies
in the Global REIT - Office industry.

( Industry Median: 17.99 vs. HIW: 34.48 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 30.40
HIW's PE(NRI) is ranked lower than
73% of the 492 Companies
in the Global REIT - Office industry.

( Industry Median: 16.40 vs. HIW: 30.40 )
Ranked among companies with meaningful PE(NRI) only.
HIW' s 10-Year PE(NRI) Range
Min: 30.45  Med: 69.84 Max: 2655
Current: 30.4
30.45
2655
P/B 2.40
HIW's P/B is ranked lower than
89% of the 607 Companies
in the Global REIT - Office industry.

( Industry Median: 1.13 vs. HIW: 2.40 )
Ranked among companies with meaningful P/B only.
HIW' s 10-Year P/B Range
Min: 0.96  Med: 2.25 Max: 2.98
Current: 2.4
0.96
2.98
P/S 5.95
HIW's P/S is ranked higher than
59% of the 619 Companies
in the Global REIT - Office industry.

( Industry Median: 6.90 vs. HIW: 5.95 )
Ranked among companies with meaningful P/S only.
HIW' s 10-Year P/S Range
Min: 2.35  Med: 5.07 Max: 7.37
Current: 5.95
2.35
7.37
POCF 13.53
HIW's POCF is ranked higher than
53% of the 521 Companies
in the Global REIT - Office industry.

( Industry Median: 14.04 vs. HIW: 13.53 )
Ranked among companies with meaningful POCF only.
HIW' s 10-Year POCF Range
Min: 5.85  Med: 12.84 Max: 20.09
Current: 13.53
5.85
20.09
EV-to-EBIT 27.58
HIW's EV-to-EBIT is ranked lower than
65% of the 542 Companies
in the Global REIT - Office industry.

( Industry Median: 20.59 vs. HIW: 27.58 )
Ranked among companies with meaningful EV-to-EBIT only.
HIW' s 10-Year EV-to-EBIT Range
Min: 21.8  Med: 36.70 Max: 55.1
Current: 27.58
21.8
55.1
PEG 7.79
HIW's PEG is ranked lower than
84% of the 167 Companies
in the Global REIT - Office industry.

( Industry Median: 1.80 vs. HIW: 7.79 )
Ranked among companies with meaningful PEG only.
HIW' s 10-Year PEG Range
Min: 3.18  Med: 22.89 Max: 9934
Current: 7.79
3.18
9934
Shiller P/E 40.60
HIW's Shiller P/E is ranked lower than
79% of the 286 Companies
in the Global REIT - Office industry.

( Industry Median: 20.71 vs. HIW: 40.60 )
Ranked among companies with meaningful Shiller P/E only.
HIW' s 10-Year Shiller P/E Range
Min: 23.13  Med: 42.28 Max: 60.2
Current: 40.6
23.13
60.2
Current Ratio 0.09
HIW's Current Ratio is ranked lower than
96% of the 574 Companies
in the Global REIT - Office industry.

( Industry Median: 0.90 vs. HIW: 0.09 )
Ranked among companies with meaningful Current Ratio only.
HIW' s 10-Year Current Ratio Range
Min: 0.04  Med: 0.10 Max: 0.21
Current: 0.09
0.04
0.21
Quick Ratio 0.09
HIW's Quick Ratio is ranked lower than
96% of the 574 Companies
in the Global REIT - Office industry.

( Industry Median: 0.80 vs. HIW: 0.09 )
Ranked among companies with meaningful Quick Ratio only.
HIW' s 10-Year Quick Ratio Range
Min: 0.04  Med: 0.10 Max: 0.21
Current: 0.09
0.04
0.21
Days Sales Outstanding 104.22
HIW's Days Sales Outstanding is ranked lower than
92% of the 507 Companies
in the Global REIT - Office industry.

( Industry Median: 18.63 vs. HIW: 104.22 )
Ranked among companies with meaningful Days Sales Outstanding only.
HIW' s 10-Year Days Sales Outstanding Range
Min: 16.32  Med: 21.79 Max: 114.69
Current: 104.22
16.32
114.69

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.36
HIW's Dividend Yield is ranked lower than
72% of the 795 Companies
in the Global REIT - Office industry.

( Industry Median: 5.48 vs. HIW: 4.36 )
Ranked among companies with meaningful Dividend Yield only.
HIW' s 10-Year Dividend Yield Range
Min: 3.55  Med: 5.16 Max: 10.17
Current: 4.36
3.55
10.17
Dividend Payout 1.38
HIW's Dividend Payout is ranked higher than
61% of the 621 Companies
in the Global REIT - Office industry.

( Industry Median: 0.89 vs. HIW: 1.38 )
Ranked among companies with meaningful Dividend Payout only.
HIW' s 10-Year Dividend Payout Range
Min: 0.5  Med: 1.70 Max: 141.67
Current: 1.38
0.5
141.67
Yield on cost (5-Year) 4.36
HIW's Yield on cost (5-Year) is ranked lower than
77% of the 798 Companies
in the Global REIT - Office industry.

( Industry Median: 5.85 vs. HIW: 4.36 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
HIW' s 10-Year Yield on cost (5-Year) Range
Min: 3.55  Med: 5.16 Max: 10.17
Current: 4.36
3.55
10.17
Share Buyback Rate -7.20
HIW's Share Buyback Rate is ranked lower than
52% of the 399 Companies
in the Global REIT - Office industry.

( Industry Median: -7.00 vs. HIW: -7.20 )
Ranked among companies with meaningful Share Buyback Rate only.
HIW' s 10-Year Share Buyback Rate Range
Min: 5  Med: -4.70 Max: -52.2
Current: -7.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.40
HIW's Price/Tangible Book is ranked lower than
87% of the 595 Companies
in the Global REIT - Office industry.

( Industry Median: 1.14 vs. HIW: 2.40 )
Ranked among companies with meaningful Price/Tangible Book only.
HIW' s 10-Year Price/Tangible Book Range
Min: 0.75  Med: 1.56 Max: 3.35
Current: 2.4
0.75
3.35
Price/Projected FCF 3.90
HIW's Price/Projected FCF is ranked lower than
82% of the 261 Companies
in the Global REIT - Office industry.

( Industry Median: 1.38 vs. HIW: 3.90 )
Ranked among companies with meaningful Price/Projected FCF only.
HIW' s 10-Year Price/Projected FCF Range
Min: 1.67  Med: 3.03 Max: 5.39
Current: 3.9
1.67
5.39
Price/Median PS Value 1.18
HIW's Price/Median PS Value is ranked lower than
65% of the 565 Companies
in the Global REIT - Office industry.

( Industry Median: 1.03 vs. HIW: 1.18 )
Ranked among companies with meaningful Price/Median PS Value only.
HIW' s 10-Year Price/Median PS Value Range
Min: 0.45  Med: 0.93 Max: 1.55
Current: 1.18
0.45
1.55
Price/Graham Number 1.75
HIW's Price/Graham Number is ranked lower than
82% of the 489 Companies
in the Global REIT - Office industry.

( Industry Median: 0.89 vs. HIW: 1.75 )
Ranked among companies with meaningful Price/Graham Number only.
HIW' s 10-Year Price/Graham Number Range
Min: 0.51  Med: 1.63 Max: 2.97
Current: 1.75
0.51
2.97
Earnings Yield (Greenblatt) (%) 3.60
HIW's Earnings Yield (Greenblatt) (%) is ranked lower than
60% of the 592 Companies
in the Global REIT - Office industry.

( Industry Median: 4.40 vs. HIW: 3.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
HIW' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.8  Med: 2.70 Max: 4.6
Current: 3.6
1.8
4.6
Forward Rate of Return (Yacktman) (%) 2.74
HIW's Forward Rate of Return (Yacktman) (%) is ranked higher than
53% of the 344 Companies
in the Global REIT - Office industry.

( Industry Median: 1.25 vs. HIW: 2.74 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
HIW' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -9.7  Med: 1.00 Max: 13.8
Current: 2.74
-9.7
13.8

Analyst Estimate

Dec15 Dec16
Revenue(Mil) 643 658
EPS($) 0.95 1.13
EPS without NRI($) 0.95 1.13

Business Description

Industry: REITs » REIT - Office
Compare:SLG, ARE, PKY, SIR, PDM » details
Traded in other countries:HQS.Germany,
Highwoods Properties Inc was incorporated in Maryland in 1994. The Company's business is the operation, acquisition and development of rental real estate properties. It operates office, industrial, retail and residential properties in the Southeastern and Midwestern United States. Its office properties represent around 87.0% of rental and other revenues for the year ended December 31, 2011. Its Strategic Plan focuses on owning high-quality, differentiated real estate assets in the better sub-markets in its core markets; improving the operating results of its existing properties through concentrated leasing, asset management, cost control and customer service efforts; developing and acquiring office properties in in-fill and central business district locations that improve the overall quality of its portfolio and generate attractive returns over the long-term for its stockholders; selectively disposing of properties no longer considered to be core holdings primarily due to location, age, quality and overall strategic fit; and maintaining a conservative, flexible balance sheet with ample liquidity to meet its funding needs and growth prospects. The Company competes with other REITs, financial institutions, pension funds, partnerships, individual investors and others when attempting to acquire, develop and operate properties.
» More Articles for HIW

Headlines

Articles On GuruFocus.com
Highwoods Announces Availability of Second Quarter 2015 Results Aug 04 2015 
Highwoods Declares Quarterly Dividends Jul 29 2015 
Highwoods Properties Signs 79,000 Square Foot Lease With New Customer at Riverwood 200 Jul 16 2015 
Highwoods Properties to Release 2015 Second Quarter Results Tuesday, August 4 Jul 06 2015 
Highwoods Properties to Release 2015 First Quarter Results Tuesday, April 28 Mar 25 2015 
Highwoods Properties to Release 2014 Fourth Quarter Results Tuesday, February 10 Jan 12 2015 
Highwoods Properties Renews Lease in Nashville Oct 20 2014 
Highwoods Declares Quarterly Dividends Oct 16 2014 
Highwoods Properties to Release 2014 Third Quarter Results Tuesday, October 28 Oct 15 2014 
Highwoods Properties Signs 48,000 Square Foot Lease With New Customer at LakePointe Two in Tampa Oct 15 2014 

More From Other Websites
Highwoods plans to buy SunTrust Financial Centre in downtown Tampa, sources say Aug 24 2015
Jernigan Capital leases 'wise spot' on Poplar Corridor Aug 13 2015
HIGHWOODS PROPERTIES INC Financials Aug 11 2015
10-Q for Highwoods Properties, Inc. Aug 06 2015
Edited Transcript of HIW earnings conference call or presentation 5-Aug-15 3:00pm GMT Aug 05 2015
Highwoods rolls $46M bet on Greensboro, Nashville Aug 05 2015
Highwoods' (HIW) Q2 FFO Beats Estimates, Down Y/Y - Analyst Blog Aug 05 2015
Highwoods Properties reports 2Q results Aug 04 2015
Highwoods Properties reports 2Q results Aug 04 2015
Highwoods Announces Availability of Second Quarter 2015 Results Aug 04 2015
HIGHWOODS PROPERTIES INC Files SEC form 10-Q, Quarterly Report Aug 04 2015
Q2 2015 Highwoods Properties Inc Earnings Release - After Market Close Aug 04 2015
Airline call center in Triad sold to NY firm Aug 03 2015
Duke Realty's (DRE) Q2 FFO Miss Estimates, Down Y/Y - Analyst Blog Jul 30 2015
Highwoods Declares Quarterly Dividends Jul 29 2015
Highwoods Pre-Leases 66% of Riverwood 200: Time to Buy? - Analyst Blog Jul 20 2015
Highwoods Properties Signs 79,000 Square Foot Lease With New Customer at Riverwood 200 Jul 16 2015
Highwoods Properties to Release 2015 Second Quarter Results Tuesday, August 4 Jul 06 2015
Highwoods Prop downgraded by Stifel Jun 25 2015
HIGHWOODS PROPERTIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of... Jun 11 2015

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