Highwoods Properties (FRA:HQS) FCF Yield %: 10.69 (As of Jul. 05, 2026) — 21% Above Median


FRA:HQS Highwoods Properties Inc FRA:HQS
65 GF Score
Price €27.60
GF Value €22.72
Valuation Modestly Overvalued
! 13 Warning Signs
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What is Highwoods Properties FCF Yield %?

Highwoods Properties FRA:HQS 65 FCF Yield % is 10.69 as of Jul. 05, 2026, which is 21% above its 10-year median of 8.80. GuruFocus rates FRA:HQS with a GF Score™ of 65/100 and a GF Value™ of €22.72 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 941 REITs companies, Highwoods Properties ranks better than 77.79% on this metric.

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Highwoods Properties's Trailing 12-Month Free Cash Flow is €322.9 Mil, and Market Cap is €3,085.1 Mil. Therefore, Highwoods Properties's FCF Yield % for today is 10.69%.

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

FRA:HQS' s FCF Yield % Range Over the Past 10 Years
Min: 5.43   Med: 8.8   Max: 20.11
Current: 10.69


During the past 13 years, the highest FCF Yield % of Highwoods Properties was 20.11%. The lowest was 5.43%. And the median was 8.80%.

FRA:HQS's FCF Yield % is ranked better than
77.79% of 941 companies
in the REITs industry
Industry Median: 5.86 vs FRA:HQS: 10.69

Highwoods Properties's FCF Margin % for the quarter that ended in Mar. 2026 was 29.36%.


Highwoods Properties FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


Highwoods Properties FCF Yield % Related Terms


Highwoods Properties FCF Yield % Historical Data

* Premium members only.

The historical data trend for Highwoods Properties's FCF Yield % 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 FCF Yield % Chart

Highwoods Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.97 14.67 16.14 12.52 12.80

Highwoods Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Yield % 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 5.80 14.30 11.14 14.21 10.66

FRA:HQS vs SLG, CDP, KRC: FCF Yield % Comparison

For the REIT - Office subindustry, Highwoods Properties's FCF Yield %, along with its competitors' market caps and FCF Yield % 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 FCF Yield % vs REITs Industry

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

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


FRA:HQS
65GF Score
Highwoods Properties Inc FRA:HQS
FCF Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
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Highwoods Properties FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Highwoods Properties's FCF Yield % for the fiscal year that ended in Dec. 2025 is calculated as

FCF Yield %=Free Cash Flow / Market Cap
=306.763 / 2395.929
=12.80%

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

FCF Yield %=Free Cash Flow * Annualized Factor / Market Cap
=54.364 * 4 / 2040.0505
=10.66%

* 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 FCF Yield % →
What does a FCF Yield % of 10.69 mean?
Highwoods Properties (FRA:HQS) has a FCF Yield % of 10.69 as of Jul. 05, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Highwoods Properties and its competitors. This is 21% above median its historical median of 8.80. Over the past decade, Highwoods Properties' FCF Yield % has ranged from 5.43 to 20.11. According to the industry distribution chart, Highwoods Properties ranks #209 out of 941 companies in the REITs industry, placing it in the top 22.2%.
Is Highwoods Properties' FCF Yield % too high?
Highwoods Properties' current FCF Yield % of 10.69 is 21% above median its 10-year median of 8.80. Over the past 10 years, this metric has ranged from a low of 5.43 to a high of 20.11. The REITs industry median FCF Yield % is 5.86. Highwoods Properties' value of 10.69 is 82.4% above this industry median. Based on the distribution chart, Highwoods Properties ranks #209 out of 941 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Highwoods Properties has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highwoods Properties' FCF Yield % compare to SLG and CDP?
According to the REITs industry distribution chart, Highwoods Properties ranks #209 out of 941 companies for FCF Yield %. This places Highwoods Properties in the top 22% of its industry — outperforming the majority of peers. The industry median FCF Yield % is 5.86. Highwoods Properties' value of 10.69 is 82.4% above this benchmark. Historically, Highwoods Properties' own FCF Yield % has ranged from 5.43 to 20.11 over the past decade. While the company's 10-year median is 8.80 vs. the industry median of 5.86, Highwoods Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Yield % for a REITs company?
The median FCF Yield % among REITs companies is 5.86, based on 941 companies in the industry. Companies in the top quartile (top 25%) have a FCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highwoods Properties's current FCF Yield % of 10.69 is 82.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Highwoods Properties and its competitors. For the REITs industry, the median FCF Yield % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwoods Properties's current FCF Yield % is 10.69, which is 21% above median its own 10-year median of 8.80. 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 €22.72, compared to a current price of €27.60 — trading 21.5% above its estimated fair value. The current FCF Yield % is 10.69, which is 21% above median its 10-year median of 8.80 and 82.4% above the REITs industry median of 5.86. Highwoods Properties' overall GF Score™ is 65/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For Highwoods Properties (FRA:HQS), the current FCF Yield % is 10.69 as of Jul. 05, 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 €27.60 is trading 21.5% above its estimated GF Value™ of €22.72. GuruFocus considers Highwoods Properties to be Modestly Overvalued.

Key valuation signals for FRA:HQS:

  • FCF Yield %: 10.69 (21% above median its 10-year median of 8.80)
  • GF Value™: €22.72 vs. price of €27.60 (21.5% above fair value)
  • GF Score™: 65/100 with 13 warning signs
  • Industry Position: 82.4% above the REITs median (#209 of 941)

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.
65GF Score

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

€27.60
Price
€22.72
GF Value