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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
90% of the 556 Companies
in the Global REIT - Office industry.

( Industry Median: 0.06 vs. HIW: 0.01 )
Ranked among companies with meaningful Cash to Debt only.
HIW' s 10-Year Cash to Debt Range
Min: 0  Med: 0.01 Max: 0.07
Current: 0.01
0
0.07
Equity to Asset 0.39
HIW's Equity to Asset is ranked lower than
70% of the 579 Companies
in the Global REIT - Office industry.

( Industry Median: 0.48 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: 0.42 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 461 Companies
in the Global REIT - Office industry.

( Industry Median: 2.80 vs. HIW: 1.75 )
Ranked among companies with meaningful Interest Coverage only.
HIW' s 10-Year Interest Coverage Range
Min: 0.94  Med: 1.38 Max: 3.17
Current: 1.75
0.94
3.17
F-Score: 6
Z-Score: 0.28
M-Score: -2.61
WACC vs ROIC
5.72%
4.37%
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 (%) 25.11
HIW's Operating margin (%) is ranked lower than
69% of the 594 Companies
in the Global REIT - Office industry.

( Industry Median: 44.63 vs. HIW: 25.11 )
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: 25.11
20.63
58.38
Net-margin (%) 19.14
HIW's Net-margin (%) is ranked lower than
66% of the 595 Companies
in the Global REIT - Office industry.

( Industry Median: 36.26 vs. HIW: 19.14 )
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: 19.14
7.1
31.43
ROE (%) 7.94
HIW's ROE (%) is ranked higher than
55% of the 597 Companies
in the Global REIT - Office industry.

( Industry Median: 6.97 vs. HIW: 7.94 )
Ranked among companies with meaningful ROE (%) only.
HIW' s 10-Year ROE (%) Range
Min: 2.88  Med: 6.50 Max: 9.51
Current: 7.94
2.88
9.51
ROA (%) 3.01
HIW's ROA (%) is ranked lower than
52% of the 603 Companies
in the Global REIT - Office industry.

( Industry Median: 3.13 vs. HIW: 3.01 )
Ranked among companies with meaningful ROA (%) only.
HIW' s 10-Year ROA (%) Range
Min: 1.09  Med: 2.44 Max: 3.81
Current: 3.01
1.09
3.81
ROC (Joel Greenblatt) (%) 6.14
HIW's ROC (Joel Greenblatt) (%) is ranked lower than
59% of the 520 Companies
in the Global REIT - Office industry.

( Industry Median: 9.10 vs. HIW: 6.14 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
HIW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.54  Med: 5.17 Max: 11.69
Current: 6.14
3.54
11.69
Revenue Growth (3Y)(%) 2.20
HIW's Revenue Growth (3Y)(%) is ranked higher than
54% of the 418 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. HIW: 2.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
HIW' s 10-Year Revenue Growth (3Y)(%) Range
Min: -9.7  Med: -0.90 Max: 25.6
Current: 2.2
-9.7
25.6
EBITDA Growth (3Y)(%) 5.20
HIW's EBITDA Growth (3Y)(%) is ranked higher than
53% of the 369 Companies
in the Global REIT - Office industry.

( Industry Median: 3.20 vs. HIW: 5.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
HIW' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: -3.20 Max: 5.2
Current: 5.2
0
5.2
EPS Growth (3Y)(%) 41.50
HIW's EPS Growth (3Y)(%) is ranked higher than
81% of the 312 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

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 (+11.90%)
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
» 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) 32.30
HIW's P/E(ttm) is ranked lower than
75% of the 490 Companies
in the Global REIT - Office industry.

( Industry Median: 16.30 vs. HIW: 32.30 )
Ranked among companies with meaningful P/E(ttm) only.
HIW' s 10-Year P/E(ttm) Range
Min: 20.58  Med: 43.05 Max: 157.1
Current: 32.3
20.58
157.1
Forward P/E 35.71
HIW's Forward P/E is ranked lower than
82% of the 335 Companies
in the Global REIT - Office industry.

( Industry Median: 17.89 vs. HIW: 35.71 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 32.30
HIW's PE(NRI) is ranked lower than
74% of the 467 Companies
in the Global REIT - Office industry.

( Industry Median: 16.50 vs. HIW: 32.30 )
Ranked among companies with meaningful PE(NRI) only.
HIW' s 10-Year PE(NRI) Range
Min: 31.69  Med: 70.41 Max: 2655
Current: 32.3
31.69
2655
P/B 2.53
HIW's P/B is ranked lower than
88% of the 605 Companies
in the Global REIT - Office industry.

( Industry Median: 1.19 vs. HIW: 2.53 )
Ranked among companies with meaningful P/B only.
HIW' s 10-Year P/B Range
Min: 0.96  Med: 2.24 Max: 2.98
Current: 2.53
0.96
2.98
P/S 6.23
HIW's P/S is ranked higher than
58% of the 632 Companies
in the Global REIT - Office industry.

( Industry Median: 7.07 vs. HIW: 6.23 )
Ranked among companies with meaningful P/S only.
HIW' s 10-Year P/S Range
Min: 2.36  Med: 5.16 Max: 7.37
Current: 6.23
2.36
7.37
POCF 14.28
HIW's POCF is ranked higher than
51% of the 525 Companies
in the Global REIT - Office industry.

( Industry Median: 14.39 vs. HIW: 14.28 )
Ranked among companies with meaningful POCF only.
HIW' s 10-Year POCF Range
Min: 5.85  Med: 12.80 Max: 20.09
Current: 14.28
5.85
20.09
EV-to-EBIT 28.46
HIW's EV-to-EBIT is ranked lower than
64% of the 523 Companies
in the Global REIT - Office industry.

( Industry Median: 21.12 vs. HIW: 28.46 )
Ranked among companies with meaningful EV-to-EBIT only.
HIW' s 10-Year EV-to-EBIT Range
Min: 21.8  Med: 37.30 Max: 55.8
Current: 28.46
21.8
55.8
PEG 12.92
HIW's PEG is ranked lower than
90% of the 160 Companies
in the Global REIT - Office industry.

( Industry Median: 1.85 vs. HIW: 12.92 )
Ranked among companies with meaningful PEG only.
HIW' s 10-Year PEG Range
Min: 3.18  Med: 31.04 Max: 9934
Current: 12.92
3.18
9934
Shiller P/E 40.69
HIW's Shiller P/E is ranked lower than
75% of the 272 Companies
in the Global REIT - Office industry.

( Industry Median: 23.13 vs. HIW: 40.69 )
Ranked among companies with meaningful Shiller P/E only.
HIW' s 10-Year Shiller P/E Range
Min: 23.36  Med: 42.23 Max: 60.2
Current: 40.69
23.36
60.2
Current Ratio 0.09
HIW's Current Ratio is ranked lower than
96% of the 553 Companies
in the Global REIT - Office industry.

( Industry Median: 0.89 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 553 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 104.09
HIW's Days Sales Outstanding is ranked lower than
92% of the 486 Companies
in the Global REIT - Office industry.

( Industry Median: 18.04 vs. HIW: 104.09 )
Ranked among companies with meaningful Days Sales Outstanding only.
HIW' s 10-Year Days Sales Outstanding Range
Min: 16.4  Med: 22.18 Max: 114.69
Current: 104.09
16.4
114.69

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.18
HIW's Dividend Yield is ranked lower than
75% of the 767 Companies
in the Global REIT - Office industry.

( Industry Median: 5.34 vs. HIW: 4.18 )
Ranked among companies with meaningful Dividend Yield only.
HIW' s 10-Year Dividend Yield Range
Min: 3.55  Med: 5.17 Max: 10.17
Current: 4.18
3.55
10.17
Dividend Payout 1.39
HIW's Dividend Payout is ranked lower than
65% of the 564 Companies
in the Global REIT - Office industry.

( Industry Median: 0.87 vs. HIW: 1.39 )
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: 1.39
0.5
141.67
Yield on cost (5-Year) 4.18
HIW's Yield on cost (5-Year) is ranked lower than
77% of the 767 Companies
in the Global REIT - Office industry.

( Industry Median: 5.52 vs. HIW: 4.18 )
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: 5.18 Max: 10.17
Current: 4.18
3.55
10.17
Share Buyback Rate -7.20
HIW's Share Buyback Rate is ranked lower than
54% of the 355 Companies
in the Global REIT - Office industry.

( Industry Median: -6.40 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 2.53
HIW's Price/Tangible Book is ranked lower than
87% of the 587 Companies
in the Global REIT - Office industry.

( Industry Median: 1.20 vs. HIW: 2.53 )
Ranked among companies with meaningful Price/Tangible Book only.
HIW' s 10-Year Price/Tangible Book Range
Min: 0.75  Med: 1.54 Max: 3.35
Current: 2.53
0.75
3.35
Price/Projected FCF 3.33
HIW's Price/Projected FCF is ranked lower than
83% of the 258 Companies
in the Global REIT - Office industry.

( Industry Median: 1.42 vs. HIW: 3.33 )
Ranked among companies with meaningful Price/Projected FCF only.
HIW' s 10-Year Price/Projected FCF Range
Min: 1.67  Med: 2.88 Max: 4.69
Current: 3.33
1.67
4.69
Price/Median PS Value 1.21
HIW's Price/Median PS Value is ranked lower than
64% of the 557 Companies
in the Global REIT - Office industry.

( Industry Median: 1.07 vs. HIW: 1.21 )
Ranked among companies with meaningful Price/Median PS Value only.
HIW' s 10-Year Price/Median PS Value Range
Min: 0.44  Med: 0.93 Max: 1.55
Current: 1.21
0.44
1.55
Price/Graham Number 1.85
HIW's Price/Graham Number is ranked lower than
82% of the 488 Companies
in the Global REIT - Office industry.

( Industry Median: 0.92 vs. HIW: 1.85 )
Ranked among companies with meaningful Price/Graham Number only.
HIW' s 10-Year Price/Graham Number Range
Min: 0.51  Med: 1.52 Max: 3.31
Current: 1.85
0.51
3.31
Earnings Yield (Greenblatt) (%) 3.50
HIW's Earnings Yield (Greenblatt) (%) is ranked lower than
58% of the 588 Companies
in the Global REIT - Office industry.

( Industry Median: 4.20 vs. HIW: 3.50 )
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: 3.5
1.8
4.6
Forward Rate of Return (Yacktman) (%) 3.20
HIW's Forward Rate of Return (Yacktman) (%) is ranked higher than
54% of the 322 Companies
in the Global REIT - Office industry.

( Industry Median: 1.79 vs. HIW: 3.20 )
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: 0.70 Max: 13.8
Current: 3.2
-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 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 
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 

More From Other Websites
Highwoods Prop downgraded by Stifel Jun 25 2015
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Highwoods Properties Recasts Term Loan Jun 08 2015
Highwoods Properties Recasts Term Loan Jun 08 2015
Highwoods Properties Inc. to develop a 12-story tower in the Cumberland Galleria Jun 05 2015
Highwoods Properties to invest $107 million in new office building project near new Braves stadium Jun 04 2015
Highwoods Properties to Develop Riverwood 200 in Atlanta Jun 04 2015
Highwoods Properties to Develop Riverwood 200 in Atlanta Jun 04 2015
Highwoods Properties to Present at REITWEEK: NAREIT's Investor Forum Jun 03 2015
Highwoods Properties to Present at REITWEEK: NAREIT's Investor Forum Jun 03 2015
HIGHWOODS PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission... May 13 2015
10-Q for Highwoods Properties, Inc. Apr 30 2015
Highwoods (HIW) Q1 FFO Meets Estimates, Revenues Up Y/Y - Analyst Blog Apr 29 2015
Highwoods Properties reports 1Q results Apr 28 2015
Highwoods Properties reports 1Q results Apr 28 2015
Highwoods Properties Reports First Quarter 2015 Results Apr 28 2015
Highwoods Announces Availability of First Quarter 2015 Results Apr 28 2015
HIGHWOODS PROPERTIES INC Files SEC form 10-Q, Quarterly Report Apr 28 2015
Highwoods Announces Availability of First Quarter 2015 Results Apr 28 2015

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