Highwoods Properties (FRA:HQS) ROCE %: 4.91% (As of Mar. 2026)

What is Highwoods Properties ROCE %?

Highwoods Properties FRA:HQS +0.76% 65 ROCE % is 4.91% as of Mar. 2026. GuruFocus rates FRA:HQS with a GF Score™ of 65/100 and a GF Value™ of €22.95 (Modestly Overvalued). The stock has 13 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Highwoods Properties's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.91%.

Highwoods Properties (FRA:HQS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Highwoods Properties ROCE % Related Terms

Highwoods Properties ROCE % Historical Data

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The historical data trend for Highwoods Properties's ROCE % 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 ROCE % Chart

Highwoods Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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8.19

4.98

4.95

4.49

5.09

Highwoods Properties Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															9.32	3.80	3.56	4.69	4.91

65GF Score

Highwoods Properties Inc FRA:HQS

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Highwoods Properties ROCE % Calculation

Highwoods Properties's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	269.081	/	( ( (5758.034 - 290.846)	+	(5357.858 - 242.541) )	/ 2 )
	=	269.081	/	( (5467.188	+	5115.317)	/ 2 )
	=	269.081	/	5291.2525
	=	5.09 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	259.712	/	( ( (5357.858 - 242.541)	+	(5706.319 - 241.646) )	/ 2 )
	=	259.712	/	( ( 5115.317	+	5464.673 )	/ 2 )
	=	259.712	/	5289.995
	=	4.91 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 4.91% mean?

Highwoods Properties (FRA:HQS) has a ROCE % of 4.91% as of Mar. 2026.

Is Highwoods Properties' ROCE % too high?

Highwoods Properties' current ROCE % is 4.91%. The REITs industry median ROCE % is 5.19. Highwoods Properties' value of 4.91% is 5.3% below this industry median. 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' ROCE % compare to SLG and CDP?

Highwoods Properties' ROCE % of 4.91% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Highwoods Properties' value of 4.91% is 5.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.19, based on 754 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highwoods Properties's current ROCE % of 4.91% is 5.3% below 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwoods Properties's current ROCE % is 4.91%. 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 €22.95, compared to a current price of €26.40 — trading 15% above its estimated fair value. The current ROCE % is 4.91% and 5.3% below the REITs industry median of 5.19. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Highwoods Properties (FRA:HQS), the current ROCE % is 4.91% 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 €26.40 is trading 15% above its estimated GF Value™ of €22.95. GuruFocus considers Highwoods Properties to be Modestly Overvalued.

Key valuation signals for FRA:HQS:

ROCE %: 4.91%
GF Value™: €22.95 vs. price of €26.40 (15% above fair value)
GF Score™: 65/100 with 13 warning signs
Industry Position: 5.3% below the REITs median

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 Estate REITs

Comparable Companies SLG CDP KRC DEI CUZ ESBA PDM DEA HPP PSTL XMAD:MRL BXP ARE VNO TSE:8951 XPAR:GFC TSE:8952 SGX:N2IU ASX:DXS SGX:AJBU

Other Exchanges HIW:USA HIWP34:Brazil

Address 150 Fayetteville Street, Suite 1400, Raleigh, NC, USA, 27601

Website https://www.highwoods.com

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

€26.40

Price

€22.95

GF Value

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