Highwoods Properties, Inc.
HIWReal EstateNASDAQREIT - Office · Last scanned Jul 18, 2026
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Daily timeframeHighwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta,. The $3.74B market capitalization puts HIW squarely in mid-cap range for its industry. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us.
Market Cap
$3.74B
Beta
1.08
P/E (TTM)
40.14
P/E (Fwd)
43.84
EPS (TTM)
$0.83
EPS (Fwd)
$0.76
ROE
3.8%
ROA
2.1%
Cash
$32.4M
Total Debt
$3.70B
Free CF
$357.9M
52W Change
9.9%
Annual Financials
Cash vs Debt
On the balance sheet, HIW has $32.4M in cash with $3.70B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $357.9M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 3.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.1% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $828.9M (2022) to $806.1M (2025).
Highwoods Properties, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Highwoods Properties, Inc. and its sector.