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Highwoods Properties ROE %

: 8.13% (As of Jun. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Highwoods Properties's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $202.0 Mil. Highwoods Properties's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $2,485.7 Mil. Therefore, Highwoods Properties's annualized ROE % for the quarter that ended in Jun. 2022 was 8.13%.

The historical rank and industry rank for Highwoods Properties's ROE % or its related term are showing as below:

HIW' s ROE % Range Over the Past 10 Years
Min: 6.03   Med: 7.99   Max: 27.92
Current: 11.82

During the past 13 years, Highwoods Properties's highest ROE % was 27.92%. The lowest was 6.03%. And the median was 7.99%.

HIW's ROE % is ranked better than
71.04% of 770 companies
in the REITs industry
Industry Median: 6.49 vs HIW: 11.82

Highwoods Properties ROE % Historical Data

The historical data trend for Highwoods Properties's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Highwoods Properties Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.40 7.58 6.11 15.37 12.91

Highwoods Properties Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.14 12.21 20.58 6.51 8.13

Competitive Comparison

For the REIT - Office subindustry, Highwoods Properties's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Highwoods Properties ROE % Distribution

For the REITs industry and Real Estate sector, Highwoods Properties's ROE % distribution charts can be found below:

* The bar in red indicates where Highwoods Properties's ROE % falls into.



Highwoods Properties ROE % Calculation

Highwoods Properties's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=310.791/( (2336.124+2477.142)/ 2 )
=310.791/2406.633
=12.91 %

Highwoods Properties's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=202.044/( (2471.259+2500.173)/ 2 )
=202.044/2485.716
=8.13 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Highwoods Properties  (NYSE:HIW) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=204.532/2485.716
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(204.532 / 815.364)*(815.364 / 5683.7155)*(5683.7155 / 2485.716)
=Net Margin %*Asset Turnover*Equity Multiplier
=25.08 %*0.1435*2.2866
=ROA %*Equity Multiplier
=3.6 %*2.2866
=8.23 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=204.532/2485.716
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (204.532 / 210.408) * (210.408 / 248.556) * (248.556 / 815.364) * (815.364 / 5683.7155) * (5683.7155 / 2485.716)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9721 * 0.8465 * 30.48 % * 0.1435 * 2.2866
=8.23 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jun. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Highwoods Properties ROE % Related Terms

Thank you for viewing the detailed overview of Highwoods Properties's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Highwoods Properties Business Description

Highwoods Properties logo
Traded in Other Exchanges
Address
3100 Smoketree Court, Suite 600, Raleigh, NC, USA, 27604
Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. Most of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.
Executives
Gadis David L director 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Anderson Thomas P director 3751 GRISSOM PARKWAY, SUITE 100 MYRTLE BEACH SC 29577
Leary Brian M officer: EVP & COO 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Maiorana Brendan C officer: EVP of Finance & IR 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Lloyd Anne H director
Evans Carlos E director 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27616
Anderson Charles Albert director 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Penn Kevin E officer: VP/Chief Strategy & Admin 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Klinck Theodore J officer: VP/Chief Investment Officer 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Mulhern Mark F director 410 S. WILMINGTON STREET RALEIGH NC 27601
Hartzell David John director 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Miller Jeffrey Douglas officer: General Counsel & Sec. 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Kellett Sherry A director
Cutlip Robert G officer: Sr. Vice President C/O HIGHWOODS PROPERTIES 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Reames W Brian officer: Sr. Vice President C/O HIGHWOODS PROPERTIES 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604

Highwoods Properties Headlines

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