Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Highwoods PropertiesHIW -0.06%72 5-Year Yield-on-Cost % is 6.63 as of Aug. 21, 2026, which is 29% above its 10-year median of 5.12. GuruFocus rates HIW with a GF Score™ of 72/100 and a GF Value™ of $27.83 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 855 REITs companies, Highwoods Properties ranks worse than 58.13% on this metric.
Highwoods Properties's yield on cost for the quarter that ended in Jun. 2026 was 6.63.
The historical rank and industry rank for Highwoods Properties's 5-Year Yield-on-Cost % or its related term are showing as below:
HIW'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.31 Med: 5.12 Max: 11.7
Current: 6.63
During the past 13 years, Highwoods Properties's highest Yield on Cost was 11.70. The lowest was 3.31. And the median was 5.12.
HIW's 5-Year Yield-on-Cost % is ranked worse than 58.13% of 855
companies
in the REITs industry
Industry Median: 7.43
vs HIW: 6.63
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Highwoods Properties 5-Year Yield-on-Cost % Related Terms
HIW vs SLG, CDP, KRC: 5-Year Yield-on-Cost % Comparison
For the REIT - Office subindustry, Highwoods Properties's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Highwoods Properties's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Highwoods Properties's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Highwoods Properties (HIW) has a 5-Year Yield-on-Cost % of 6.63 as of Aug. 21, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Highwoods Properties and its competitors. This is 29% above median its historical median of 5.12. Over the past decade, Highwoods Properties' 5-Year Yield-on-Cost % has ranged from 3.31 to 11.70. According to the industry distribution chart, Highwoods Properties ranks #497 out of 855 companies in the REITs industry, placing it in the top 58.1%.
Is Highwoods Properties' 5-Year Yield-on-Cost % too high?
Highwoods Properties' current 5-Year Yield-on-Cost % of 6.63 is 29% above median its 10-year median of 5.12. Over the past 10 years, this metric has ranged from a low of 3.31 to a high of 11.70. The REITs industry median 5-Year Yield-on-Cost % is 7.43. Highwoods Properties' value of 6.63 is 10.8% below this industry median. Based on the distribution chart, Highwoods Properties ranks #497 out of 855 companies in the REITs industry, which is below the industry midpoint. Overall, Highwoods Properties has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highwoods Properties' 5-Year Yield-on-Cost % compare to SLG and CDP?
According to the REITs industry distribution chart, Highwoods Properties ranks #497 out of 855 companies for 5-Year Yield-on-Cost %. This places Highwoods Properties in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.43. Highwoods Properties' value of 6.63 is 10.8% below this benchmark. Historically, Highwoods Properties' own 5-Year Yield-on-Cost % has ranged from 3.31 to 11.70 over the past decade. While the company's 10-year median is 5.12 vs. the industry median of 7.43, Highwoods Properties has consistently been below 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.43, based on 855 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highwoods Properties's current 5-Year Yield-on-Cost % of 6.63 is 10.8% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Highwoods Properties and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwoods Properties's current 5-Year Yield-on-Cost % is 6.63, which is 29% above median its own 10-year median of 5.12. 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 (HIW) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.83, compared to a current price of $31.45 — trading 13% above its estimated fair value. The current 5-Year Yield-on-Cost % is 6.63, which is 29% above median its 10-year median of 5.12 and 10.8% below the REITs industry median of 7.43. Highwoods Properties' overall GF Score™ is 72/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Highwoods Properties (HIW), the current 5-Year Yield-on-Cost % is 6.63 as of Aug. 21, 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 (HIW) Overvalued in 2026?
Based on GuruFocus' analysis, Highwoods Properties stock appears to be overvalued.
The current stock price of $31.45 is trading 13% above its estimated GF Value™ of $27.83.
GuruFocus considers Highwoods Properties to be Modestly Overvalued.
Key valuation signals for HIW:
5-Year Yield-on-Cost %: 6.63 (29% above median its 10-year median of 5.12)
GF Value™: $27.83 vs. price of $31.45 (13% above fair value)
Industry Position: 10.8% below the REITs median (#497 of 855)
No single metric tells the full story. See the HIW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
72GF Score
Get the complete analysis for HIW
5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HIW has been successfully added to your 
