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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 : 5/10

vs
industry
vs
history
Cash to Debt 0.01
HIW's Cash to Debt is ranked lower than
55% of the 606 Companies
in the Global REIT - Office industry.

( Industry Median: 0.06 vs. HIW: 0.01 )
HIW' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.01

Equity to Asset 0.37
HIW's Equity to Asset is ranked higher than
57% of the 637 Companies
in the Global REIT - Office industry.

( Industry Median: 0.49 vs. HIW: 0.37 )
HIW' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.66
Current: 0.37

0.31
0.66
Interest Coverage 1.50
HIW's Interest Coverage is ranked higher than
62% of the 513 Companies
in the Global REIT - Office industry.

( Industry Median: 2.22 vs. HIW: 1.50 )
HIW' s 10-Year Interest Coverage Range
Min: 0.99   Max: 3.17
Current: 1.5

0.99
3.17
F-Score: 5
Z-Score: 0.04
M-Score: -2.60
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 (%) 25.02
HIW's Operating margin (%) is ranked higher than
61% of the 638 Companies
in the Global REIT - Office industry.

( Industry Median: 40.48 vs. HIW: 25.02 )
HIW' s 10-Year Operating margin (%) Range
Min: 21.17   Max: 58.38
Current: 25.02

21.17
58.38
Net-margin (%) 22.53
HIW's Net-margin (%) is ranked higher than
64% of the 639 Companies
in the Global REIT - Office industry.

( Industry Median: 35.11 vs. HIW: 22.53 )
HIW' s 10-Year Net-margin (%) Range
Min: 6.94   Max: 31.43
Current: 22.53

6.94
31.43
ROE (%) 8.49
HIW's ROE (%) is ranked higher than
81% of the 639 Companies
in the Global REIT - Office industry.

( Industry Median: 6.54 vs. HIW: 8.49 )
HIW' s 10-Year ROE (%) Range
Min: 2.91   Max: 8.88
Current: 8.49

2.91
8.88
ROA (%) 3.30
HIW's ROA (%) is ranked higher than
74% of the 642 Companies
in the Global REIT - Office industry.

( Industry Median: 3.12 vs. HIW: 3.30 )
HIW' s 10-Year ROA (%) Range
Min: 1.09   Max: 3.72
Current: 3.3

1.09
3.72
ROC (Joel Greenblatt) (%) 4.21
HIW's ROC (Joel Greenblatt) (%) is ranked higher than
68% of the 546 Companies
in the Global REIT - Office industry.

( Industry Median: 5.19 vs. HIW: 4.21 )
HIW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.71   Max: 8.82
Current: 4.21

3.71
8.82
Revenue Growth (%) 0.80
HIW's Revenue Growth (%) is ranked higher than
75% of the 539 Companies
in the Global REIT - Office industry.

( Industry Median: -0.70 vs. HIW: 0.80 )
HIW' s 10-Year Revenue Growth (%) Range
Min: -6.6   Max: 25.6
Current: 0.8

-6.6
25.6
EBITDA Growth (%) 0.90
HIW's EBITDA Growth (%) is ranked higher than
70% of the 491 Companies
in the Global REIT - Office industry.

( Industry Median: 2.60 vs. HIW: 0.90 )
HIW' s 10-Year EBITDA Growth (%) Range
Min: -14.9   Max: 101
Current: 0.9

-14.9
101
EPS Growth (%) -7.30
HIW's EPS Growth (%) is ranked higher than
66% of the 391 Companies
in the Global REIT - Office industry.

( Industry Median: -1.90 vs. HIW: -7.30 )
HIW' s 10-Year EPS Growth (%) Range
Min: -72   Max: 20.5
Current: -7.3

-72
20.5
» HIW's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

HIW Guru Trades in Q3 2013

Richard Snow 33,202 sh (+40.41%)
Ruane Cunniff Sold Out
Jim Simons Sold Out
» More
Q4 2013

HIW Guru Trades in Q4 2013

Steven Cohen 7,403 sh (New)
Richard Snow 39,732 sh (+19.67%)
» More
Q1 2014

HIW Guru Trades in Q1 2014

Richard Snow 76,007 sh (+91.3%)
Steven Cohen Sold Out
» More
Q2 2014

HIW Guru Trades in Q2 2014

Chris Davis 198,537 sh (New)
Richard Snow 80,832 sh (+6.35%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ruane Cunniff 2013-09-30 Sold Out $33.04 - $37.8 $ 42.1418%0
Ruane Cunniff 2011-12-31 Reduce -21.15%$26.51 - $31.54 $ 42.1445%13050
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 32.20
HIW's P/E(ttm) is ranked higher than
66% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 27.40 vs. HIW: 32.20 )
HIW' s 10-Year P/E(ttm) Range
Min: 20.58   Max: 157.1
Current: 32.2

20.58
157.1
P/B 2.72
HIW's P/B is ranked lower than
68% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. HIW: 2.72 )
HIW' s 10-Year P/B Range
Min: 0.84   Max: 2.92
Current: 2.72

0.84
2.92
P/S 6.55
HIW's P/S is ranked higher than
65% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 7.85 vs. HIW: 6.55 )
HIW' s 10-Year P/S Range
Min: 2.31   Max: 6.72
Current: 6.55

2.31
6.72
EV-to-EBIT 42.38
HIW's EV-to-EBIT is ranked higher than
64% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 32.73 vs. HIW: 42.38 )
HIW' s 10-Year EV-to-EBIT Range
Min: 21   Max: 53.3
Current: 42.38

21
53.3
PEG 15.18
HIW's PEG is ranked higher than
85% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 9999.00 vs. HIW: 15.18 )
HIW' s 10-Year PEG Range
Min: 9.39   Max: 136.72
Current: 15.18

9.39
136.72
Shiller P/E 48.73
HIW's Shiller P/E is ranked higher than
73% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 9999.00 vs. HIW: 48.73 )
HIW' s 10-Year Shiller P/E Range
Min: 17.62   Max: 60.2
Current: 48.73

17.62
60.2
Current Ratio 0.09
HIW's Current Ratio is ranked lower than
57% of the 408 Companies
in the Global REIT - Office industry.

( Industry Median: 0.89 vs. HIW: 0.09 )
HIW' s 10-Year Current Ratio Range
Min: 0.04   Max: 0.21
Current: 0.09

0.04
0.21
Quick Ratio 0.09
HIW's Quick Ratio is ranked lower than
57% of the 408 Companies
in the Global REIT - Office industry.

( Industry Median: 0.84 vs. HIW: 0.09 )
HIW' s 10-Year Quick Ratio Range
Min: 0.04   Max: 0.21
Current: 0.09

0.04
0.21

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.03
HIW's Dividend Yield is ranked lower than
52% of the 633 Companies
in the Global REIT - Office industry.

( Industry Median: 4.15 vs. HIW: 4.03 )
HIW' s 10-Year Dividend Yield Range
Min: 3.71   Max: 10.17
Current: 4.03

3.71
10.17
Dividend Payout 2.39
HIW's Dividend Payout is ranked higher than
55% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 1.27 vs. HIW: 2.39 )
HIW' s 10-Year Dividend Payout Range
Min: 0.5   Max: 141.67
Current: 2.39

0.5
141.67
Yield on cost (5-Year) 4.00
HIW's Yield on cost (5-Year) is ranked lower than
57% of the 634 Companies
in the Global REIT - Office industry.

( Industry Median: 4.52 vs. HIW: 4.00 )
HIW' s 10-Year Yield on cost (5-Year) Range
Min: 3.71   Max: 10.17
Current: 4

3.71
10.17
Share Buyback Rate -5.50
HIW's Share Buyback Rate is ranked higher than
77% of the 511 Companies
in the Global REIT - Office industry.

( Industry Median: -7.00 vs. HIW: -5.50 )
HIW' s 10-Year Share Buyback Rate Range
Min: 5   Max: -52.2
Current: -5.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.72
HIW's Price/Tangible Book is ranked higher than
57% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 1.36 vs. HIW: 2.72 )
HIW' s 10-Year Price/Tangible Book Range
Min: 0.75   Max: 3.35
Current: 2.72

0.75
3.35
Price/DCF (Projected) 5.09
HIW's Price/DCF (Projected) is ranked higher than
76% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 27.59 vs. HIW: 5.09 )
HIW' s 10-Year Price/DCF (Projected) Range
Min: 2.08   Max: 12.24
Current: 5.09

2.08
12.24
Price/Median PS Value 1.36
HIW's Price/Median PS Value is ranked higher than
66% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 1.23 vs. HIW: 1.36 )
HIW' s 10-Year Price/Median PS Value Range
Min: 0.47   Max: 1.61
Current: 1.36

0.47
1.61
Price/Peter Lynch Fair Value 10.83
HIW's Price/Peter Lynch Fair Value is ranked higher than
88% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 9999.00 vs. HIW: 10.83 )
HIW' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.51   Max: 25.82
Current: 10.83

0.51
25.82
Price/Graham Number 2.50
HIW's Price/Graham Number is ranked higher than
61% of the 693 Companies
in the Global REIT - Office industry.

( Industry Median: 1.40 vs. HIW: 2.50 )
HIW' s 10-Year Price/Graham Number Range
Min: 0.51   Max: 2.97
Current: 2.5

0.51
2.97
Earnings Yield (Greenblatt) 2.40
HIW's Earnings Yield (Greenblatt) is ranked higher than
58% of the 626 Companies
in the Global REIT - Office industry.

( Industry Median: 3.60 vs. HIW: 2.40 )
HIW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.9   Max: 4.8
Current: 2.4

1.9
4.8
Forward Rate of Return (Yacktman) 6.67
HIW's Forward Rate of Return (Yacktman) is ranked higher than
82% of the 520 Companies
in the Global REIT - Office industry.

( Industry Median: 1.70 vs. HIW: 6.67 )
HIW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -17.5   Max: 7
Current: 6.67

-17.5
7

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
The Best Yielding Ex-Dividend Stocks on February 14, 2013 Feb 13 2013 
The Best Dividends on May 17, 2012 May 16 2012 
Highwoods Properties Inc. (HIW) President & CEO Edward J Fritsch sells 55,000 Shares Mar 10 2011 
Highwoods Properties Inc. (HIW) VP, CFO Terry L Stevens sells 48,373 Shares Mar 07 2011 
Highwoods Properties Inc. (HIW) Executive Vice President & COO Michael E Harris sells 73,428 Shares Mar 07 2011 
Highwoods Properties Inc. (HIW) President & CEO Edward J Fritsch sells 12,748 Shares Jan 03 2011 
Highwoods Properties Inc. (HIW) Executive Vice President & COO Michael E Harris sells 3,000 Shares Dec 27 2010 
Highwoods Properties Inc. Reports Operating Results (10-Q) Oct 28 2010 
Highwoods Properties Inc. (HIW) President & CEO Edward J Fritsch sells 10,000 Shares Sep 07 2010 
Highwoods Properties Inc. Reports Operating Results (10-Q) Jul 28 2010 


More From Other Websites
Highwoods Sheds Richmond Office Assets, Gains $17.7 million Aug 26 2014
Highwoods Sells $40.7 Million of Non-Core Buildings Aug 25 2014
Highwoods Sells $40.7 Million of Non-Core Buildings Aug 25 2014
Capacity utilization ticks up in July, but inflation remains low Aug 21 2014
Why job openings reached their highest since early 2001—up 17% Aug 14 2014
Must-know: Why all commercial real estate is local Aug 14 2014
Highwoods Properties Announces Chief Financial Officer Retirement and Successor Aug 11 2014
HIGHWOODS PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers Aug 11 2014
Highwoods Properties Announces Chief Financial Officer Retirement and Successor Aug 11 2014
Must-know: Why the ISM Non-Manufacturing Index surged in July Aug 07 2014
Why rising employment should lower office REIT vacancy rates Aug 06 2014
HIGHWOODS PROPERTIES INC Financials Aug 05 2014
Highwoods Q2 FFO Beats Estimates, Up Y/Y on Strong Revenues Jul 30 2014
Highwoods Announces Availability of Second Quarter 2014 Results Jul 29 2014
HIGHWOODS PROPERTIES INC Files SEC form 10-Q, Quarterly Report Jul 29 2014
Q2 2014 Highwoods Properties, Inc. Earnings Release - After Market Close Jul 29 2014
Highwoods Declares Quarterly Dividends Jul 24 2014
Highwoods Declares Quarterly Dividends Jul 24 2014
Stocks Close Sharply Higher; Nasdaq Leads Rebound Jul 18 2014
Why capacity utilization is an important economic indicator Jul 18 2014

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