Highwoods Properties (FRA:HQS) EBIT: €218.0 Mil (TTM As of Mar. 2026)


FRA:HQS Highwoods Properties Inc FRA:HQS
67 GF Score
Price €26.20
GF Value €22.93
Valuation Modestly Overvalued
! 13 Warning Signs
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What is Highwoods Properties EBIT?

Highwoods Properties FRA:HQS +2.34% 67 EBIT is €218.0 Mil as of Mar. 2026. GuruFocus rates FRA:HQS with a GF Score™ of 67/100 and a GF Value™ of €22.93 (Modestly Overvalued). The stock has 13 warning signs investors should review.

Highwoods Properties's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €64.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €218.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highwoods Properties's annualized ROC % for the quarter that ended in Mar. 2026 was 3.41%. Highwoods Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Highwoods Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.42%.


Highwoods Properties  (FRA:HQS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Highwoods Properties's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=179.728 * ( 1 - 0% )/( (5091.953 + 5436.627)/ 2 )
=179.728/5264.29
=3.41 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5357.858 - 242.541 - ( 23.364 - max(0, 242.541 - 415.048+23.364))
=5091.953

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5706.319 - 241.646 - ( 28.046 - max(0, 241.646 - 417.276+28.046))
=5436.627

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Highwoods Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=259.712/( ( (0 + max(-132.892, 0)) + (0 + max(-144.671, 0)) )/ 2 )
=259.712/( ( 0 + 0 )/ 2 )
=259.712/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.137 + 19.814 + 65.698) - (242.541 + 0 + 0)
=-132.892

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.768 + 0 + 71.207) - (241.646 + 0 + 0)
=-144.671

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Highwoods Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=217.952/6368.309
=3.42 %

* 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.


Highwoods Properties EBIT Related Terms


Highwoods Properties EBIT Historical Data

* Premium members only.

The historical data trend for Highwoods Properties's EBIT 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.

Highwoods Properties EBIT Chart

Highwoods Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 362.11 254.26 264.13 240.14 269.08

Highwoods Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial 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 126.39 49.32 44.46 59.25 64.93

FRA:HQS vs SLG, CDP, KRC: EBIT Comparison

For the REIT - Office subindustry, Highwoods Properties's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Highwoods Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Highwoods Properties's EV-to-EBIT falls into.


FRA:HQS
67GF Score
Highwoods Properties Inc FRA:HQS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Highwoods Properties EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €218.0 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €218.0 Mil mean?
Highwoods Properties (FRA:HQS) has a EBIT of €218.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Highwoods Properties.
Is Highwoods Properties' EBIT too high?
Highwoods Properties' current EBIT is €218.0 Mil. Overall, Highwoods Properties has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highwoods Properties' EBIT compare to SLG and CDP?
Highwoods Properties' EBIT of €218.0 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Highwoods Properties. Highwoods Properties's current EBIT is €218.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwoods Properties stock overvalued right now?
Based on GuruFocus' analysis, Highwoods Properties (FRA:HQS) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.93, compared to a current price of €26.20 — trading 14.3% above its estimated fair value. The current EBIT is €218.0 Mil. Highwoods Properties' overall GF Score™ is 67/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Highwoods Properties (FRA:HQS), the current EBIT is €218.0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Highwoods Properties (FRA:HQS) Overvalued in 2026?

Based on GuruFocus' analysis, Highwoods Properties stock appears to be overvalued. The current stock price of €26.20 is trading 14.3% above its estimated GF Value™ of €22.93. GuruFocus considers Highwoods Properties to be Modestly Overvalued.

Key valuation signals for FRA:HQS:

  • EBIT: €218.0 Mil
  • GF Value™: €22.93 vs. price of €26.20 (14.3% above fair value)
  • GF Score™: 67/100 with 13 warning signs

No single metric tells the full story. See the FRA:HQS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Highwoods Properties Business Description

Industry Real EstateREITs
Other Exchanges HIW:USAHIWP34:Brazil
Address 150 Fayetteville Street, Suite 1400, Raleigh, NC, USA, 27601
Highwoods Properties Inc is a fully integrated office REIT that owns, develops, acquires, leases, and manages office properties mainly in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. Its principal business is the operation, acquisition, and development of rental office properties, with no material inter-segment transactions. The Company evaluates performance by geographic location, and the operating results by geographic grouping are regularly reviewed by the chief operating decision maker. The core portfolio consists mainly of office properties in its key markets, with the majority of revenue derived from its Raleigh properties.
67GF Score

Get the complete analysis for FRA:HQS

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.20
Price
€22.93
GF Value