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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
Cash to Debt 0.01
HIW's Cash to Debt is ranked lower than
73% of the 808 Companies
in the Global REIT - Office industry.

( Industry Median: 0.05 vs. HIW: 0.01 )
HIW' s 10-Year Cash to Debt Range
Min: 0   Max: 0.07
Current: 0.01

0
0.07
Equity to Asset 0.38
HIW's Equity to Asset is ranked higher than
59% of the 847 Companies
in the Global REIT - Office industry.

( Industry Median: 0.48 vs. HIW: 0.38 )
HIW' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.66
Current: 0.38

0.31
0.66
Interest Coverage 1.50
HIW's Interest Coverage is ranked higher than
64% of the 683 Companies
in the Global REIT - Office industry.

( Industry Median: 2.65 vs. HIW: 1.50 )
HIW' s 10-Year Interest Coverage Range
Min: 0.94   Max: 3.17
Current: 1.5

0.94
3.17
F-Score: 4
Z-Score: 0.41
M-Score: -2.63
WACC vs ROIC
6.30%
4.17%
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 : 6/10

vs
industry
vs
history
Operating margin (%) 24.19
HIW's Operating margin (%) is ranked higher than
63% of the 850 Companies
in the Global REIT - Office industry.

( Industry Median: 41.53 vs. HIW: 24.19 )
HIW' s 10-Year Operating margin (%) Range
Min: 20.63   Max: 58.38
Current: 24.19

20.63
58.38
Net-margin (%) 19.70
HIW's Net-margin (%) is ranked higher than
63% of the 851 Companies
in the Global REIT - Office industry.

( Industry Median: 33.84 vs. HIW: 19.70 )
HIW' s 10-Year Net-margin (%) Range
Min: 7.1   Max: 31.43
Current: 19.7

7.1
31.43
ROE (%) 8.10
HIW's ROE (%) is ranked higher than
76% of the 860 Companies
in the Global REIT - Office industry.

( Industry Median: 6.64 vs. HIW: 8.10 )
HIW' s 10-Year ROE (%) Range
Min: 2.88   Max: 9.51
Current: 8.1

2.88
9.51
ROA (%) 3.08
HIW's ROA (%) is ranked higher than
71% of the 863 Companies
in the Global REIT - Office industry.

( Industry Median: 2.93 vs. HIW: 3.08 )
HIW' s 10-Year ROA (%) Range
Min: 1.09   Max: 3.81
Current: 3.08

1.09
3.81
ROC (Joel Greenblatt) (%) 4.36
HIW's ROC (Joel Greenblatt) (%) is ranked higher than
68% of the 771 Companies
in the Global REIT - Office industry.

( Industry Median: 6.32 vs. HIW: 4.36 )
HIW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.54   Max: 11.69
Current: 4.36

3.54
11.69
Revenue Growth (3Y)(%) 0.90
HIW's Revenue Growth (3Y)(%) is ranked higher than
78% of the 649 Companies
in the Global REIT - Office industry.

( Industry Median: 0.40 vs. HIW: 0.90 )
HIW' s 10-Year Revenue Growth (3Y)(%) Range
Min: -9.7   Max: 25.6
Current: 0.9

-9.7
25.6
EBITDA Growth (3Y)(%) -3.10
HIW's EBITDA Growth (3Y)(%) is ranked higher than
77% of the 582 Companies
in the Global REIT - Office industry.

( Industry Median: 2.20 vs. HIW: -3.10 )
HIW' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 4.7
Current: -3.1

0
4.7
EPS Growth (3Y)(%) -7.30
HIW's EPS Growth (3Y)(%) is ranked higher than
93% of the 482 Companies
in the Global REIT - Office industry.

( Industry Median: 0.40 vs. HIW: -7.30 )
HIW' s 10-Year EPS Growth (3Y)(%) 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

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
Q3 2014

HIW Guru Trades in Q3 2014

Chris Davis 222,167 sh (+11.9%)
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
» 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
Richard Snow 2014-12-31 Add 61.05%0.06%$38.8 - $45.13 $ 45.918%128732
Chris Davis 2014-06-30 New Buy0.03%$37.41 - $42.27 $ 45.9114%198537
Richard Snow 2014-03-31 Add 91.3%0.05%$35.82 - $38.39 $ 45.9124%76007
Richard Snow 2013-09-30 Add 40.41%0.01%$33.04 - $37.8 $ 45.9129%33202
Ruane Cunniff 2013-09-30 Sold Out $33.04 - $37.8 $ 45.9129%0
Richard Snow 2013-06-30 Add 53.28%0.01%$33 - $41.07 $ 45.9120%23647
Chris Davis 2013-06-30 Sold Out 0.01%$33 - $41.07 $ 45.9120%0
Chris Davis 2013-03-31 Reduce -88.51%0.05%$33.45 - $39.57 $ 45.9126%78036
Richard Snow 2013-03-31 Add 31.16%0.01%$33.45 - $39.57 $ 45.9126%15427
Richard Snow 2012-12-31 Add 81.6%0.01%$30.97 - $33.57 $ 45.9141%11762
Chris Davis 2012-09-30 Reduce -27.3%0.02%$32.43 - $34.67 $ 45.9138%678936
Chris Davis 2012-03-31 Reduce -31.71%0.03%$29.71 - $33.66 $ 45.9152%872376
Richard Snow 2012-03-31 New Buy0.01%$29.71 - $33.66 $ 45.9152%6487
Ruane Cunniff 2011-12-31 Reduce -21.15%$26.51 - $31.54 $ 45.9158%13050
Premium More recent guru trades are included for Premium Members only!!
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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 36.10
HIW's P/E(ttm) is ranked higher than
68% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 28.30 vs. HIW: 36.10 )
HIW' s 10-Year P/E(ttm) Range
Min: 20.58   Max: 157.1
Current: 36.1

20.58
157.1
Forward P/E 40.98
HIW's Forward P/E is ranked higher than
72% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 30.03 vs. HIW: 40.98 )
N/A
PE(NRI) 40.30
HIW's PE(NRI) is ranked higher than
69% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 29.90 vs. HIW: 40.30 )
HIW' s 10-Year PE(NRI) Range
Min: 31.69   Max: 2655
Current: 40.3

31.69
2655
P/B 2.86
HIW's P/B is ranked higher than
53% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 1.32 vs. HIW: 2.86 )
HIW' s 10-Year P/B Range
Min: 0.84   Max: 2.99
Current: 2.86

0.84
2.99
P/S 7.10
HIW's P/S is ranked higher than
75% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 8.16 vs. HIW: 7.10 )
HIW' s 10-Year P/S Range
Min: 2.36   Max: 7.4
Current: 7.1

2.36
7.4
POCF 16.88
HIW's POCF is ranked higher than
77% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 18.28 vs. HIW: 16.88 )
HIW' s 10-Year POCF Range
Min: 5.85   Max: 20.09
Current: 16.88

5.85
20.09
EV-to-EBIT 43.69
HIW's EV-to-EBIT is ranked higher than
68% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 34.66 vs. HIW: 43.69 )
HIW' s 10-Year EV-to-EBIT Range
Min: 21.8   Max: 55.8
Current: 43.69

21.8
55.8
Shiller P/E 49.93
HIW's Shiller P/E is ranked higher than
84% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 0.00 vs. HIW: 49.93 )
HIW' s 10-Year Shiller P/E Range
Min: 18.44   Max: 59.58
Current: 49.93

18.44
59.58
Current Ratio 0.09
HIW's Current Ratio is ranked lower than
54% of the 783 Companies
in the Global REIT - Office industry.

( Industry Median: 0.85 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
54% of the 783 Companies
in the Global REIT - Office industry.

( Industry Median: 0.78 vs. HIW: 0.09 )
HIW' s 10-Year Quick Ratio Range
Min: 0.04   Max: 0.21
Current: 0.09

0.04
0.21
Days Sales Outstanding 101.21
HIW's Days Sales Outstanding is ranked higher than
58% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 33.38 vs. HIW: 101.21 )
HIW' s 10-Year Days Sales Outstanding Range
Min: 16.4   Max: 103.08
Current: 101.21

16.4
103.08

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.70
HIW's Dividend Yield is ranked lower than
58% of the 843 Companies
in the Global REIT - Office industry.

( Industry Median: 4.29 vs. HIW: 3.70 )
HIW' s 10-Year Dividend Yield Range
Min: 3.55   Max: 10.17
Current: 3.7

3.55
10.17
Dividend Payout 1.43
HIW's Dividend Payout is ranked higher than
63% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 1.23 vs. HIW: 1.43 )
HIW' s 10-Year Dividend Payout Range
Min: 0.5   Max: 141.67
Current: 1.43

0.5
141.67
Yield on cost (5-Year) 3.70
HIW's Yield on cost (5-Year) is ranked lower than
64% of the 846 Companies
in the Global REIT - Office industry.

( Industry Median: 4.88 vs. HIW: 3.70 )
HIW' s 10-Year Yield on cost (5-Year) Range
Min: 3.55   Max: 10.17
Current: 3.7

3.55
10.17
Share Buyback Rate -5.50
HIW's Share Buyback Rate is ranked higher than
73% of the 607 Companies
in the Global REIT - Office industry.

( Industry Median: -6.10 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 2.86
HIW's Price/Tangible Book is ranked higher than
56% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 1.40 vs. HIW: 2.86 )
HIW' s 10-Year Price/Tangible Book Range
Min: 0.77   Max: 2.75
Current: 2.86

0.77
2.75
Price/DCF (Projected) 8.70
HIW's Price/DCF (Projected) is ranked higher than
81% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 0.00 vs. HIW: 8.70 )
HIW' s 10-Year Price/DCF (Projected) Range
Min: 1.67   Max: 8.44
Current: 8.7

1.67
8.44
Price/Median PS Value 1.39
HIW's Price/Median PS Value is ranked higher than
67% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. HIW: 1.39 )
HIW' s 10-Year Price/Median PS Value Range
Min: 0.45   Max: 1.55
Current: 1.39

0.45
1.55
Price/Peter Lynch Fair Value 7.94
HIW's Price/Peter Lynch Fair Value is ranked higher than
62% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 0.00 vs. HIW: 7.94 )
HIW' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.51   Max: 25.82
Current: 7.94

0.51
25.82
Price/Graham Number 2.17
HIW's Price/Graham Number is ranked higher than
68% of the 934 Companies
in the Global REIT - Office industry.

( Industry Median: 1.50 vs. HIW: 2.17 )
HIW' s 10-Year Price/Graham Number Range
Min: 0.51   Max: 3.31
Current: 2.17

0.51
3.31
Earnings Yield (Greenblatt) 2.30
HIW's Earnings Yield (Greenblatt) is ranked higher than
66% of the 846 Companies
in the Global REIT - Office industry.

( Industry Median: 3.30 vs. HIW: 2.30 )
HIW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 4.6
Current: 2.3

1.8
4.6
Forward Rate of Return (Yacktman) -0.04
HIW's Forward Rate of Return (Yacktman) is ranked higher than
79% of the 527 Companies
in the Global REIT - Office industry.

( Industry Median: 0.56 vs. HIW: -0.04 )
HIW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -9.7   Max: 13.8
Current: -0.04

-9.7
13.8

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 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 
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 

More From Other Websites
Highwoods Properties to Present at CITI 2015 Global Property CEO Conference Feb 27 2015
HIGHWOODS PROPERTIES INC Financials Feb 18 2015
10-K for Highwoods Properties, Inc. Feb 12 2015
Highwoods (HIW) Posts In-Line Q4 FFO, Revenues Up Y/Y - Analyst Blog Feb 11 2015
Highwoods Properties reports 4Q results Feb 11 2015
Highwoods Properties reports 4Q results Feb 11 2015
Highwoods Announces Availability of Fourth Quarter and Full Year 2014 Results Feb 10 2015
HIGHWOODS PROPERTIES INC Files SEC form 10-K, Annual Report Feb 10 2015
Q4 2014 Highwoods Properties Inc Earnings Release - After Market Close Feb 10 2015
Liberty Property Falls Despite Beating on Q4 FFO & Revenues - Analyst Blog Feb 04 2015
HIGHWOODS PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers Jan 28 2015
Highwoods Properties Names Carlos E. Evans to Board of Directors Jan 28 2015
Highwoods Declares Quarterly Dividends Jan 28 2015
Capacity Utilization Slips But Don’t Read Too Much Into It Jan 20 2015
Highwoods Posts Tax Treatment of 2014 Dividends Jan 15 2015
Highwoods Posts Tax Treatment of 2014 Dividends Jan 15 2015
Highwoods Properties to Release 2014 Fourth Quarter Results Tuesday, February 10 Jan 12 2015
Highwoods Properties to Release 2014 Fourth Quarter Results Tuesday, February 10 Jan 12 2015
Where to find the next office hotspots Jan 09 2015
Bridgestone Americas Celebrates Groundbreaking for Headquarters in SoBro Area of Downtown Nashville Jan 07 2015

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